Rainforest Action Network: Citi Becomes First U.S. Bank to Restrict Financing for Companies Expanding Coal Power
March 16, 2021
March 16, 2021
SAN FRANCISCO, California, March 16 -- Rainforest Action Network issued the following statement on March 15, 2021:
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Citigroup has issued today an updated Environmental and Social Policy Framework. The framework contains important new language further restricting its lending, underwriting and advisory services to coal power companies. The policy commits Citi to not take on any new clients with plans to expand coal-fired generation after the end of 2021, but fails to . . .
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Citigroup has issued today an updated Environmental and Social Policy Framework. The framework contains important new language further restricting its lending, underwriting and advisory services to coal power companies. The policy commits Citi to not take on any new clients with plans to expand coal-fired generation after the end of 2021, but fails to . . .