Citigroup Committing $100 Billion To Fight Climate Change
by The Daily Eye Team February 20 2015, 2:18 pm Estimated Reading Time: 0 mins, 54 secsMegabank Citigroup Inc. (NYSE:C) has had a lot of bad PR in the last few years, most of it well-deserved. That said, it should be noted that the oft-criticized financial titan does give back to society in a number of ways ? or at least is trying to improve its PR somehow. Of note, Citigroup has been committed to the fight against climate change for quite a while now. Building on the $50 billion initiative the firm began in 2007 and finished in 2013 (three years early), a $100 billion commitment to fund activities that mitigate the impacts of climate change announced on Wednesday, February 18th continues to keep this important issue in the headlines.More on the Citigroup $100 billion climate change initiative The company?s statement notes it plans to finance renewable energy, energy efficiency and push for greenhouse gas reductions with the funds in its just announced program. Citi is also focusing its efforts on projects to make communities more resilient to the impact of climate change as well as infrastructure improvements to increase access to clean water.