Scientists: Please read, share and sign: >>As scientists, researchers, and experts in our field, we are writing to emphasize the acute nature of the climate crisis, and
to urge Citi to adopt a policy excluding financing for fossil fuel expansion, particularly for projects and activities that
pollute Black, Brown, Indigenous, and other frontline communities. The financial industry must recognize the physical harms and economic risks it is exacerbating by enabling fossil fuel expansion, and rapidly adopt new policies that align with a safer climate future.
The increasing urgency of the climate crisis is undeniable. 2023 was by far the hottest year on record, continuing a trend of the last 10 years being the hottest decade. People around the world were affected by deadly wildfires, floods, droughts, and storms. The United States experienced the highest-ever annual number of billion-dollar plus disasters, many of which bear the fingerprints of climate change. Already, climate catastrophes are wreaking havoc on lives, health, infrastructure, ecosystems, and economies throughout the world—with those who have the fewest resources and who have done the least to contribute to the problem being most severely harmed. The science is clear that climate impacts will be significantly worse if we do not make deep, rapid cuts to heat-trapping emissions, phase out fossil fuels, and pursue a just transition to a clean energy system. According to the 2024 Banking on Climate Chaos report, Citi is the second-largest financier of fossil fuels since the adoption of the Paris Climate Agreement, having poured $396 billion into the industry since 2016. [...]<< https://ucs-documents.s3.amazonaws.com/global-warming/Scientists-Letter-to-Citi-june-2024.pdf
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