Citi’s energy clients include companies predominantly related to oil and gas production, but also include bioenergy, carbon capture, utilization and sequestration, direct air capture hydrogen and renewable energy, according to its 2021 Task Force for Climate-related Financial Disclosures report. Its power-sector clients are power generation companies, utilities and others in the electricity sector like battery, carbon capture, utilization and sequestration, hydrogen fuel cells, nuclear and solar companies.
Smith said Citi had recently completed a two-year process building a net-zero review template for the energy and power sectors when it received As You Sow’s proposal, and had been thinking about how to show investors it was helping clients transition.
