Rainforest Action Network: Citigroup Surpasses Peers With Absolute Emissions Reduction Target for Energy Finance, Still Fails to Rule Out Support for Fossil Fuel Expansion
January 20, 2022
January 20, 2022
NEW YORK, Jan. 20 (TNSOps) -- Rainforest Action Network issued the following news release on Jan. 19, 2022:
Citigroup announced new 2030 interim targets to reach its commitment to net-zero financed emissions by 2050. The plan includes a commitment to reduce absolute financed emissions from the energy sector by 29% and financed emissions intensity from the power sector by 63%.
By contrast, other major US banks -- including JPMorgan Chase, Morgan Stanley, and Goldman Sach . . .
Citigroup announced new 2030 interim targets to reach its commitment to net-zero financed emissions by 2050. The plan includes a commitment to reduce absolute financed emissions from the energy sector by 29% and financed emissions intensity from the power sector by 63%.
By contrast, other major US banks -- including JPMorgan Chase, Morgan Stanley, and Goldman Sach . . .