Multinational Monitor says Citigroup finances projects that damage environment & communities

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Article
26 August 2003

company website: Citigroup

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Article
1 April 2002

Citigroup Controversy: Ecuador’s OCP Pipeline [oil pipeline]

Author: Ilyse Hogue, Multinational Monitor

Citigroup denies any involvement with the OCP Pipeline, since it is not the direct financier of the project. But it was lead arranger for a $200 million line of credit for Perez Companc that was provided the financial stability the company needed to participate in the pipeline venture.

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Article
1 April 2002

Citigroup Controversy: Papua New Guinea’s Gobe Oil Fields [Chevron project]

Author: Ilyse Hogue, Multinational Monitor

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Article
1 April 2002

Citigroup Controversy: Peru’s Camisea Project [gas project]

Author: Ilyse Hogue, Multinational Monitor

...consortium members include PlusPetrol from Argentina, Hunt Oil from the United States, the South Korean SK Corporation and others

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Article
1 April 2002

Citigroup Controversy: Thailand’s Ratchaburi Electricity Generating Company

Author: Ilyse Hogue, Multinational Monitor

[processes gas from the Yadana and Yetagun gas pipelines in Burma]

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Article
1 April 2002

The Cost of Living Richly: Citigroup’s Global Finance and Threats to the Environment

Author: Ilyse Hogue, global finance campaigner with the Rainforest Action Network, in Multinational Monitor

Citi-financed projects, say environmentalists, are promoting environmental insecurity - not only damaging local ecosystems, but undermining the livelihood of communities around the world and threatening the well-being of people across the globe through climate change

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