Citigroup commits $50 billion to fight global warming

[jpak]

http://news.mongabay.com/2007/0511-citi.html

Citigroup said last week that it plans to spend $50 billion towards mitigating climate change, mostly through investments in clean energy and "alternative technology" over the next 10 years.

The amount includes nearly $10 billion in activities the largest U.S. bank has already undertaken.

“The comprehensive program we are announcing today is not a wish-list, but a realistic, achievable plan that serves a critical global need and responds to an emerging investment opportunity,” said Charles Prince, Chairman and CEO of Citi, in a statement Tuesday. “The comprehensive program we are announcing today is not a wish-list, but a realistic, achievable plan that serves a critical global need and responds to an emerging investment opportunity.”

Citigroup is one of many firms calling for federal caps on greenhouse gas emissions. The bank is a member of the U.S. Climate Action Partnership (USCAP), a coalition of corporations seeking to influence future climate policy.

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[razzleberry]

1. pollute all you want, buy Citigroup Brand carbon offsets

the carbon offset scams are endless