Sierra Club: Citigroup Takes Step Toward Ending Coal Power Financing
March 16, 2021
March 16, 2021
NEW YORK, March 16 -- The Sierra Club issued the following news release on March 15, 2021:
Citigroup issued an updated environmental policy that makes it the first major US bank with a plan to restrict financing for companies expanding coal power and to phase-out financing for nearly all coal power companies over the next two decades.
In its new policy, Citi commits to not take on any new clients after 2021 that have plans to expand coal-fired power generation. In addit . . .
Citigroup issued an updated environmental policy that makes it the first major US bank with a plan to restrict financing for companies expanding coal power and to phase-out financing for nearly all coal power companies over the next two decades.
In its new policy, Citi commits to not take on any new clients after 2021 that have plans to expand coal-fired power generation. In addit . . .