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Credit Pacific Service Union Dozens of students from across the nation gathered Monday at a Citibank branch to focus attention on Citigroups funding of projects that fuel global warming, deforestation, and human rights violations and to demand support for renewable energy alternatives.

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Credit First Service Union The demonstrators delivered 12,000 student pledges to the bank refusing to do business with the bank.

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Card Credit Mobile Service Students are at the forefront of the movement demanding that corporate financial institutions take responsibility for their role in funding global warming. Students have decided to focus their efforts on Citigroup, citing Citigroup as the number one financier of the coal industry and fossil fuel pipelines.

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Card Credit Discover Service "We're asking Citigroup to raise the bar by which the business practices of all banks and financial institutions are measured," said Vanessa Pierce, student activist from Grinnell College and coordinator of the Hot 'n Bothered Campaign. "Until Citigroup steps up to the plate with a plan to immediately shift its investments from fossil fuels to clean energy, students will tell Citigroup: 'not with my money!'"

Credit Public Service Union According to the United Nation's Intergovernmental Panel on Climate Change, global warming could cause the earth to heat up by up to 10 degrees Fahrenheit this century. Among the impacts of global warming will be massive species loss, sea level rise, the spread of infectious diseases, and extreme weather.

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Card Credit Processing Service The primary cause of global warming is carbon dioxide released by the burning of fossil fuels. Among the contraversial fossil fuel projects that Citigroup funds are the Chad-Cameroon pipeline, the Camisea Project in Peru and Ecuador's OCP pipeline.

Center Credit Service Union In recent weeks, the OCP pipeline has sparked mass demonstrations across Ecuador to protest its route through the Mindo-Nambillo cloudforest reserve.

Card Credit Service Wireless "The resistance in Ecuador to the OCP pipeline is one example of people refusing to pay the environmental and social costs of Citi's profits," said Ilyse Hogue, Rainforest Action Network global fiance campaigner. "Citi has a unique opportunity to make use their lending practices to make alternative energy sources accessible to the mainstream market and eliminate destructive projects like the OCP Pipeline."

Credit Security Service Union "Students across the country will continue to boycott Citigroup credit cards, jobs, and student loans until Citigroup stops bankrolling global warming," added Pierce.

Credit Report Service ENS - 10/23/2001

Topic: Activism

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