Citigroup to halt all financing for thermal coal mining by 2030

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first_imgCitigroup to halt all financing for thermal coal mining by 2030 FacebookTwitterLinkedInEmailPrint分享Bloomberg:Citigroup Inc. will stop providing financial services to thermal coal-mining companies over the next 10 years to help accelerate the economy’s shift away from fossil fuels.By 2025, the bank won’t provide underwriting and advisory services to the industry and will cut its credit exposure in half, Citigroup said Monday in a statement. It plans to eliminate its exposure entirely by 2030.“Citi recognizes that emissions from fossil-fuel sectors in particular must be drastically reduced in the coming decade,” the company said in the statement. “The shift away from fossil fuels in pursuit of renewable and other sources of low-carbon energy will have a significant effect on clients in coal-fired power generation, coal mining and certain segments of the energy sector.”The lender has been vocal about its efforts to mitigate the effects of climate change. Last year, it reached a goal four years ahead of schedule to finance $100 billion of activities that address the problem. It also promoted Val Smith to be the New York-based firm’s first-ever chief sustainability officer.Citigroup updated its environmental and social policy framework on Friday to include the new targets, as well as a commitment to reject financing for oil and gas exploration and production in the Arctic. The company said it hasn’t provided such financing in the past.[Jenny Surane]More: Citi vows to stop working with thermal coal-mining companieslast_img read more


Tag: 大桶大足浴价目表

first_imgEmily Burgher graduated from Johnson City High School in 2016 and this month she was set to graduate from SUNY Brockport. JOHNSON CITY (WBNG) — Colleges across the country have either postponed or canceled graduation ceremonies, leaving many seniors upset. The outcome was more than anyone expected. “As I was putting balloons out along the street, people were googling Brockport colors, and they decorated their porches, and they came out, and we had old neighbors who used to live here come and celebrate with her,” said Patti. “I woke up and was like, ‘Oh they’re just doing a little celebration for us.’ And the next thing I knew my mom was like, ‘You’re walking down the street!’ And I was like, ‘Okay!'” she said. Two of her friends even got to join in, one from college and one from her childhood. “They come together when we need to, for anything. If anybody needed anything, they’re always right here,” said Patti. SUNY Brockport was able to host a virtual toast for the graduating seniors last week. “It felt very special. I felt like I was actually graduating college,” said Emily. It all came as a surprise to Emily.center_img “All she wanted to do was walk, you know, and be recognized,” said Patti. “Because of the neighborhood being the way it is, we usually get together and do things together, and knowing she wanted to walk, it was the only thing I could come up with,” said Patti. “It was just incredible. I didn’t realize how much I wanted to walk until I got to do this,” said Emily’s friend, Alyssa Zduniak. All thanks to a street full of friends, who truly made it a beautiful day in this Johnson City neighborhood. Her mom, Patti, wanted to do something special for her since she would be missing out on a traditional graduation ceremony. With the help of a neighbor, Patti gave flyers to everyone on her street, Narwood Street in Johnson City, asking them to come outside and cheer Emily on as she walked down the road in her graduation gear. “When I found out school was closing for the rest of the year, I literally had a mental breakdown in my room with my roomates because we were like, ‘This is senior year! It’s supposed to be the best semester in the world and now we have to do it from our homes,'” said Emily. It made for a graduation these seniors would never forget.last_img read more