financetom
Business
financetom
/
Business
/
Climate activists arrested after protest at Citi's New York headquarters
News World Market Environment Technology Personal Finance Politics Retail Business Economy Cryptocurrency Forex Stocks Market Commodities
Climate activists arrested after protest at Citi's New York headquarters
Jun 28, 2024 12:30 PM

June 28 (Reuters) -

Dozens of climate activists were arrested after protesting

at Citigroup's ( C/PN ) headquarters in New York on Friday as part

of what they called a "Summer of Heat" campaign.

Climate groups have been targeting Wall Street banks in

a campaign against their financing of fossil fuel projects.

Police arrested 61 protesters on Friday, with charges

pending, while two people were given summonses, according to the

New York City Police Department.

"Our family and friends were willing to be arrested

because their lives are on the line in our communities that are

surrounded by the pollution that Citi is financing," said

Roishetta Ozane, one of the protest organizers.

Protesting in front of the company's headquarters in

Manhattan, demonstrators chanted: "Hey Citi, get off it, the

planet over profit." Activists held signs reading, "Citi Earns

While the World Burns."

The bank said it welcomed engagement with stakeholders

and was transparent about its climate-related work.

"We are supporting the transition to a low-carbon

economy through our net zero commitments and our $1 trillion

sustainable finance goal," a bank spokesperson said in a

statement. "Our approach reflects the need to transition while

also continuing to meet global energy needs."

The activists expected more than 1,000 people to

participate in the demonstration, according to a statement ahead

of the protest.

It was unclear how many people had gathered outside

Citi's building. The group had largely dissipated by Friday

afternoon, according to a Reuters witness.

Citi employees were alerted on Thursday to anticipate

"significant protest" activity on Friday, according to a source

at the bank who shared the security notification with Reuters.

On June 10, multiple demonstrators were taken into custody

outside Citi's headquarters, and 23 individuals were later

released with criminal court summonses, the NYPD said on

Thursday.

Comments
Welcome to financetom comments! Please keep conversations courteous and on-topic. To fosterproductive and respectful conversations, you may see comments from our Community Managers.
Sign up to post
Sort by
Show More Comments
Related Articles >
SJVN secures 200-MW wind power project at ₹3.24 per unit
SJVN secures 200-MW wind power project at ₹3.24 per unit
Nov 16, 2023
Projected to generate 482 million units in its inaugural year post-commissioning, the cumulative energy generation over a 25-year span is anticipated to reach 12,050 million units. Shares of SJVN Ltd ended at ₹75.17, down by ₹0.50, or 0.66%, on the BSE.
This sustainable jewellery brand is luring some women away from gold
This sustainable jewellery brand is luring some women away from gold
Oct 30, 2023
Aulerth's offerings range from ₹5,000 to as high as ₹2.8 lakh. Are women willing to spend this much on jewellery made from scrap? Founder and CEO Vivek Ramabhadran definitely believes so. Aulerth produces couture-inspired pieces in association with designers like JJ Valaya, Suneet Varma, among others. It has reported 33% repeat customers in the past year and expects a spike to 40% soon.
Tata Power Renewable Energy wins 200-MW project in collaboration with SJVN
Tata Power Renewable Energy wins 200-MW project in collaboration with SJVN
Nov 28, 2023
The firm and dispatchable renewable energy (FDRE) project, designed with a hybrid of solar, wind, and battery storage, is aimed at providing a stable and dispatchable energy supply during peak hours. Shares of Tata Power Company Ltd ended at ₹270.75, up by ₹12.60, or 4.88%, on the BSE.
Suzlon's S144–3 MW wind turbines get big boost from Indian government
Suzlon's S144–3 MW wind turbines get big boost from Indian government
Nov 15, 2023
Th Suzlon wind turbines received the RLMM (Revised List of Models & Manufacturers) listing from the Ministry of New and Renewable Energy, marking an important milestone for the successful commercialisation of the product. Shares of Suzlon Energy Ltd ended at ₹40.49, up by ₹1.85, or 4.79%, on the BSE.
Copyright 2023-2026 - www.financetom.com All Rights Reserved