Tuesday, January 10, 2006

Citigroup and the Environment

Citigroup is now trying to tell the world they are an environmentally friendly company. Just like the rest of what Citigroup/Citibank says about how wonderful they are this is empty words. You might even wonder how can a bank be anti-environmental. Well just check out the latest crap Citigroup has been up to in the past month...

According to http://www.innercitypress.org/citi.html:

"Remember Citigroup's loud claims to have become environmental? Well, last week it was reported that Citigroup will arrange a $10 billion loan to OAO Gazprom to finance the state-owned gas producer's purchase of a controlling stake in OAO Sibneft. Citigroup spokeswoman Lindsey Deans in London declined to comment. Typical.(www.innercitypress.org)".

This is from the Sept. 19th update. Now let's go back a few weeks to the week of August 22nd.

"Two of Citigroup's far flung purchases last week -- a move on oil company, Inchon Oil Refinery Co., in South Korea (how's that for environmental standards?) and, a department store with a subsidiary called Parasito.com. Yes, parasite -- that's Citigroup(www.innercitypress.org)"

Citigroup is no stranger to environmental destruction. Only a few years ago Rain Forest Action Network had an anti-Citigroup campaign going. On April 15 2003 Rainforest Action Network declared the campaign off when Citigroup made a bunch of (false) promises to become a leader in environmental standards. Now not even two and a half years later Citigroup is back to its old games and fucking over the environment.

When is someone going to make Citigroup actually live up to their promises. Shitigroup gets away with lying about everything from the environment to lying to their customers about rewards programs, interest rates, etc.

In closing: Citigroup doesn't care about the environment-they only care about fucking it over for their own greed.

Cross-Posted at: http://www.dailykos.com and http://www.karmabanque.com


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