WebNov 11, 2024 · Citigroup’s financing contributes to this global climate risk. Citi is the third largest source of financing to fossil fuel companies globally, averaging nearly $47 billion annually since the Paris Agreement was signed. Its investments in fossil fuels have increased each year since 2016, ... WebApr 20, 2024 · Alison Kirsch, Climate and Energy Lead Researcher at Rainforest Action Network, said: “Citi has closed the gap to catch up with many of its U.S. peers’ climate financing policy by ruling out financing for Arctic oil and gas drilling projects, and coal mining and power projects worldwide. It also committed to phase out all financing of coal ...
Citigroup shares pop after Q1 earnings results - CNBC
WebOct 1, 2024 · No. 32 on Fortune’s 2024 Global 500 list with $97 billion in revenue and $18 billion in profit, Citigroup is targeting $100 billion worth of financing towards environmental solutions from 2014 ... WebApr 26, 2024 · Investors at Citigroup and Bank of America gave little backing to proposals essentially asking the banks to stop financing new fossil fuel supplies, with less than 13% of shares at Citi and less ... dhs ease
Citigroup (C) earnings Q1 2024 - CNBC
Web3 hours ago · Here is how Citigroup’s key metrics compared to expectations. $4.6 billion in net income versus $4.3 billion in the same period last year $21.45 billion in revenue versus $19.99 billion expected,... WebOct 2, 2024 · Banking on climate change. Citi remains a key global climate laggard, rated by the Rainforest Action Network as the second largest financier of fossil fuels globally in the five years leading to ... WebMar 4, 2024 · “Addressing the world’s energy and climate needs will be a balancing act,” said Jane Fraser, CEO of Citigroup, in a press release. “On the one hand, investing in energy security is essential – the global economy still runs primarily on oil and natural gas and many developing nations have neither the resources nor the infrastructure to ... cincinnati brewing company