Please FReepmail me if you want on/off this ping list.
Posted on 01/22/2004 7:38:04 PM PST by neverdem
LONDON, Jan. 21 - After several years of lobbying by the Rainforest Action Network, Citigroup plans to announce on Thursday that it will no longer accept financing deals involving certain projects and corporations criticized by the group on environmental grounds.
In future deals, Citigroup will not finance commercial logging in rain forests or projects that harm indigenous populations and will report the greenhouse gas emissions of the energy projects it does finance, the bank and the environmental group will announce. The changes will not apply to current Citigroup deals.
The announcement comes after a campaign by the Rainforest Action Network, which has labeled Citigroup the "most destructive bank in the world." The environmental group took out full-page advertisements in newspapers, showing barren landscapes with blackened tree trunks that it said were the likely results of some projects financed by Citigroup.
It enlisted actors including Susan Sarandon and Daryl Hannah to appear on television advertisements, asking Citigroup customers to cut up their credit cards. Members of the group also blockaded Citigroup branches and encouraged schoolchildren to send notes to Citigroup's chairman, Sanford I. Weill, asking him not to make animals extinct.
If this is taxes with reprsentation
Give me taxes without representation
I much prefer a tax on tea!
Instead of everything else.
Disclaimer: Opinions posted on Free Republic are those of the individual posters and do not necessarily represent the opinion of Free Republic or its management. All materials posted herein are protected by copyright law and the exemption for fair use of copyrighted works.