Citi To Spend $50 Billion In 10 Years On Climate Change

  • May 9, 2007
The financial services giant will address global climate change through investment, financings and related activities to support the commercialization and growth of alternative energy and clean technology among the clients and markets it serves, as well as within its own businesses and operations.

The $50 billion target is an estimate based on market-based activities and transactions with clients as well as energy-saving "green" projects within Citi's own operations, it says.

This target includes nearly $10 billion in activities Citi has already undertaken to address climate change to date, says the company.

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