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Citigroup Funding Destruction of Orangutan Habitat in Indonesia


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As the global marketplace becomes ever more complex, those working to protect rainforests must expand their view of who is responsible for rainforest destruction. As trade expands around the globe, the role of private financial institutions becomes increasingly apparent in projects that threaten rainforests and their inhabitants.

Citigroup, as the largest financial institution in North America and the third largest in the world, holds an ever-expanding grip on global financial markets, and as a consequence, the global environment and local communities.

Research into the most destructive projects around the world frequently reveals Citigroup's direct, financial involvement. Citigroup is a top funder of projects such as mining in the Amazon basin and oil pipelines through the rainforests of Africa. Whether issuing bonds for the construction of the world's largest hydropower project slated to displace some 5 million people in China, or arranging loans for palm plantations that encroach on critical orangutan habitat in Indonesia, Citigroup's influence on the global environment and communities is tremendous.

Citigroup Links:

  • CitiAction Website - A comprehensive overview of Citigroup's activities around the world.
  • Rainforest Action Network Global Finance Campaign - Campaign on the World's Most Destructive Banks. Site includes fact sheets, what you can do, organizing materials, campus activities.

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