No, I did not make a mistake and substitute a b for an m
(UK Guardian) Citigroup, the third largest US financial institution, on Wednesday said it will invest a whopping $100bn over the next decade to reduce the impacts of climate change. The bank said it will use the money the finance green initiatives and sustainable growth.
The global financial corporation’s CEO Michael Corbat made the announcement at a breakfast gathering of stakeholders, employees and partner organizations in New York.
The money will be used to finance large renewable-energy projects, for example, to aid greener affordable housing and to finance municipal infrastructure to reduce water waste and more, says Valerie Smith, director of corporate sustainability at Citigroup.
It will also be used to help Citigroup reduce the environmental impacts of its global operations and supply chain, and to help its clients address environmental risks, according to Corbat’s prepared statement.
Warmists, who are primarily Leftists, constantly complain about low wages. They’re out there agitating for a higher minimum wage, preferably $15 an hour. They have all sorts of economic complaints. Think about what $1 billion a year could do for lower wage employees of Citigroup, rather than pissing it away of Hotcoldwetdry measures. Consider what all the money pissed away by companies and governments for Hotcoldwetdry could do.
