Posts Tagged with "citi"

Heads Up, Big Banks: The Divestment Movement is Coming for You

Monday, October 14, 2013

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Heads Up, Big Banks: The Divestment Movement is Coming for You

This post is cross-posted from WeArePowerShift, and was authored by Harry Alper, a 2011 graduate of Washington University in St. Louis and organizer with Rainforest Action Network. It’s May 2013, and Bank of America CEO Brian Moynihan is having a bad day. Moynihan is presiding over his bank’s annual shareholder meeting in Charlotte, North Carolina, [...]

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Divestors Take Their Fight to Big Banks

Thursday, October 10, 2013

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Divestors Take Their Fight to Big Banks

Cross-posted from Fossil Free blog. This post was written by Hannah Jones, Swarthmore Mountain Justice alumna. If you’re reading this, you already know: we’re living in a time of unprecedented climate activism. Yet even as student divestment campaigns command the attention of the president and major newspapers, many campuses are hearing disappointing noises from their [...]

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Coal India Threatens Communities and Forests

Thursday, August 22, 2013

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Coal India Threatens Communities and Forests

This summer, the RAN energy team has been casting our eyes around the globe and researching the impact that coal mining is having on deforestation. One of the regions that we are most concerned about is in India, where more than 1.1million hectares of forest are threatened by the expansion of open-pit coal mining. Open-pit [...]

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Seven of Bloomberg’s Top Ten “Greenest Banks” Are Climate Killers

Wednesday, April 10, 2013

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Seven of Bloomberg’s Top Ten “Greenest Banks” Are Climate Killers

A Guest blog-post by Yann Louvel, BankTrack‘s Climate and Energy Campaign Coordinator This week, Bloomberg published the results of its third annual ranking of the “world’s greenest banks”: Citi was ranked first, followed by Santander and JPMorgan. The study assesses banks based on their lending to clean-energy projects and reduction in their own power consumption [...]

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Greenwash of the Week

Wednesday, April 25, 2012

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Greenwash of the Week

It’s the time of year when banks put their ‘best foot forward’ and prepare to be scrutinized by their shareholders at annual general meetings (AGMs). It’s a legal requirement, the AGM is held every year where the board of directors is elected, and the highest-ranking staff report to members on previous and future activities. So [...]

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Wall Street Flees Wall Street

Monday, April 9, 2012

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Wall Street Flees Wall Street

Wall Street is scared shitless. They’d never admit it, but the way the big Wall Street banks are rapidly relocating their annual shareholder meetings from the concrete canyons of Midtown and lower Manhattan this shareholder season to points south, north and west means that fear is not only visible, you can smell it on them [...]

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Top 10 Dirty Corporate Tax Dodgers of 2011

Monday, April 9, 2012

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Top 10 Dirty Corporate Tax Dodgers of 2011

Two weeks ago it was announced that the U.S. has the highest corporate tax rate in the world sparking furious debate from Fox News types concerned about corporate well being. At RAN, we decided to dig a little deeper to see whether the corporate tax rate really is unfairly penalizing multi billion dollar corporations. Our [...]

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The Top 20 Climate Killer Banks

Wednesday, November 30, 2011

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The Top 20 Climate Killer Banks

A new report titled “Bankrolling Climate Change” calls out the top 20 banks that are financing the dirty coal industry. The top three “climate killers” will not come as much of a surprise: JP Morgan Chase, Citi, and none other than Bank of America top the list with $22 billion, $18.27 billion, an $16.79 billion [...]

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PNC Bank’s Evolving Approach To The Energy Sector

Monday, October 3, 2011

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PNC recently released their 2011 Corporate Responsibility Report. Documents like this  provide a window into how a bank thinks about its environmental and social impact. RAN has been paying close attention to PNC Bank and its approach to the energy industry for a couple of years, so I was eager to get my hands on [...]

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How Did the Banks Get So Weak, Anyway?

Monday, September 19, 2011

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How Did the Banks Get So Weak, Anyway?

A great article from Forbes appeared in my Google alerts last week and I had to share. The article begins as yet another article describing the sad state of affairs at big US banks, namely Bank of America and Citi. The article goes on, however, to give a refreshingly short and simple explanation of how [...]

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