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Friend,
This is a scary time. The world is inching towards World War 3 and heading full speed ahead towards climate catastrophe. Divesting from fossil fuels would be a meaningful step towards averting both.
Click here and sign our petition demanding Citi Bank divest from all fossil fuels.
The devastating impact of fossil fuels on our environment is well known. What is becoming clear, is an investment in Russia’s oil and gas sector is an investment in Vladimir Putin’s war machine.
Oil and gas generate 40% of Russia's federal revenue and 60% of its exports. Citigroup holds over 30% of Lukoil-- the second-largest producer of crude oil in Russia and the country’s second-largest company.
In fact, Citigroup’s exposure in the Russian economy is the largest of all U.S. banks— $10 billion.
Reliance on fossil fuels has also driven the most unjust and disastrous US foreign policy in recent decades. From Iraq to Ukraine-- every dollar invested in oil and gas is an investment in aggression, abuses of human rights, and the erosion of democracy.
Click here and sign our petition demanding Citi Bank divest from all fossil fuels.
Citi's investments in fossil fuel expansion worsen the potential impacts of climate change. They also promote conflict and atrocities that destroy communities. Citi must no longer put short-term profits ahead of the future of the planet and its people.
Alicé Nascimento
