Dayenu, a movement of American Jews supporting climate action, is hosting Passover actions at bank branches across the country.The Stop the Money Pipeline coalition launched a series of letters aimed at banks signed by tens of thousands of bank customers.The actions in New York are part of a wave of actions nationwide targeting large banks on their climate policies this month: has an opportunity to act next week, when a shareholder resolution explicitly about ending expansion is up for a vote.” Nineteen Extinction Rebellion activists were arrested at the action, but not before a number of activists stormed the lobby and continued the demonstration. However, Extinction Rebellion declined, saying in a tweet, “It’s time for action, not more talk. The lockdown at Citi headquarters led to a tense standoff between protesters and Citi executives, with invitations to speak with Citi’s Chief Sustainability Officer. It is also the leading financier of coal in the US. Citigroup is the second largest financier of fossil fuels among all global banks, having poured $285 billion into the sector between 20. The shareholder proposal cites the International Energy Agency’s position that new fossil fuel supplies are inconsistent with taking the world net zero by 2050.Ĭiti has released a net zero roadmap, however the plan does not mention any plans to phase out fossil fuels, by far the leading cause of climate change. In both cases, protesters called on the megabank to release plans winding down its financing of the fossil fuel industry and, crucially, to support a shareholder proposal at its April 26th shareholder meeting calling on Citi to cease its support for fossil fuel expansion. HAPPENING NOW: Activists crash and panelĪnd calls them out for speaking on “sustainable financing” while being the TWO BIGGEST funders of fossil fuels. New York Communities for Change April 19, 2022Ī day earlier, separate groups of protesters with New York Communities for Change and Extinction Rebellion NYC infiltrated a sustainable business conference at which Citi executives were set to speak, flooding the hotel with flyers and disrupting two panels. We won’t let you claim to be a climate leader while financing planetary destruction. On Wednesday, dozens of activists with Extinction Rebellion NYC blockaded the entrance to the bank’s global headquarters in downtown Manhattan for two hours.Ĭiti’s and #MarilynCeci woke up to see 600+ fliers of their faces in almost every room and across the hotel where they’re speaking on “sustainable finance”. Extinction Rebellion NYC □ April 20, 2022 #BREAKING Occupation at corporate headquarters now to demand an end to the financing of new fossil fuel projects now #ClimateEmergency #ActNow #ExtinctionRebellion /4aAPoBAYLW This week Citigroup was the target of numerous actions in its hometown of New York City.
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