Since 2016, Citi has funneled nearly $9 billion into liquefied natural gas (LNG) companies and projects, which makes it the second largest methane gas financier in the world.
Right now on the Texas and Louisiana Gulf Coast, communities of color already overburdened by pollution are resisting an unprecedented buildout of dangerous export projects, largely financed by major global banks like Citi.
These export terminals will worsen existing industrial pollution on local communities of color; threaten our ability to meet domestic and international climate goals; increase home energy costs in the US, and irreparably damage the Gulf Coast ecosystem. Citi has said it wants to be a leader on climate; that means halting funding of harmful fossil fuel projects.
We know Citi has already financed at least three methane gas projects in the Gulf South in Hackberry, LA; Corpus Christi, TX; and Sabine Pass, LA. Now it’s time to say: no more! Without financing, these terminals can’t be built.
Climate justice and racial justice are one in the same. Nowhere is that more evident than the Gulf Coast. Big banks like Citi who make bold climate promises cannot be allowed to continue funding LNG projects while Gulf communities contend with intensifying hurricanes, torrential flooding, and the risk of explosion from these dangerous terminals.
In solidarity,
– Austin and the Stop the Money Pipeline team
PS: Have Twitter and want a quick and easy action? Take our Tweet action here to send a pre-loaded tweet to Citi.
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