Did you know Citi is the world’s second largest funder of fossil fuel projects?
Fossil fuels like coal, oil, and gas lie at the heart of racial injustice in the United States. These facilities—which are located in Black, Brown, and Indigenous communities—release toxic air and water pollution that causes a range of health problems including respiratory illness, low birth weights, and cancer.
Recently, Citi has become one of the largest U.S. financiers of Formosa Plastics Corporation and its subsidiary companies. This isn’t the first time we’ve emailed you about Formosa Plastics, because the surrounding communities and groups like Rise St. James have been fighting back for years.
Right now, Formosa Plastics is trying to build the “Sunshine Project” in St. James Parish, Louisiana that would increase local pollution and destroy the burial grounds of enslaved ancestors. The $12 billion facility would manufacture the building blocks of single-use plastics, made from fossil fuel-based chemicals (also called “petrochemicals”).
Formosa Plastics has a track record of legal violations, from poisoning fisheries in Vietnam, to releasing plastic pellets into the Texas Gulf, to causing deadly explosions near neighborhoods and schools. We are demanding that Citi walk their own talk by immediately stopping doing business with Formosa Plastics.
We’ll deliver these petition signatures to Citi’s CEO Jane Fraser in the coming months. Let’s add all our voices together to stand with St. James Parish and get this project shut down for good.
In solidarity,
– the Stop the Money Pipeline team
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