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Tell Citigroup and Merrill Lynch to Stop Financing Climate Change!


Citigroup and Merrill Lynch are currently helping TXU, Texas’ largest utility, finance 11 new coal-fired power plants in Texas.

Together, these plants will emit 78 million tons of carbon dioxide per year, which is:

• Equal to the annual emissions of 14 million passenger cars
• More than two-and-a-half times more CO2 than California will prevent with its groundbreaking emissions reduction program for vehicles
• Larger than the emissions of many entire countries, including Denmark, Portugal, and Sweden
.

Both Citigroup and Merrill Lynch describe themselves as environmental leaders. Yet, at a time when a growing number of business leaders are taking action to reduce climate change emissions, these two financial giants are helping to build power plants that will help to accelerate climate change.

Tell Citigroup and Merrill Lynch to end their work in financing TXU’s coal-fired power plants. Please share this action with family and friends.

1. Call TXU, Citigroup, and Merrill Lynch and tell them you are opposed to the building of 11 new coal-fired power plants that will emit as much CO2 as some entire countries.

TXU: 214-812-4600 Ask to speak to C. John Wilder (Chair, President and CEO).

Citigroup: 212-559-1000, Toll Free: 800-285-3000 (Select option 8). Ask to speak to Chuck Prince (Chairman and CEO).

Merrill Lynch: 212-449-8320. Ask to speak to Stanley O’Neal (CEO and Chairman).

2. Consider banking or investing with a community investing institution that focuses on preserving the environment. You can find hundreds of options at www.communityinvest.org.

3. Visit ClimateAction.org Web site for more information about the climate change problem, and what you can do about it.

 

Please join in telling Citigroup and Merrill Lynch to end their support of TXU's coal-fired power plants and to help finance clean, renewable energy instead.

Send Your Letter. . .

TO: Charles O. Prince III, Chairman and CEO, Citigroup Inc. and E. Stanley O’Neal, Chairman, President and CEO, Merrill Lynch & Co., Inc

Dear Sirs,

As a consumer and investor who is deeply concerned about climate change, I urge your company to stop helping TXU finance its 11 new coal-fired power plants in Texas. These plants will emit more CO2 than many countries and 21 different states.

Your company promotes itself as an environmental leader. Climate change is likely the single most important environmental issue facing the planet. I urge your company to play a true leadership role by increasingly financing clean, renewable energy, such as wind and solar, and ending your support for TXU’s highly polluting plants.

Thank you for your consideration. Your response would be appreciated.

Sincerely,
Your Name
Your City and State