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Morgan Stanley and Citi Say They Will Run on 100 Percent Clean Energy

  • Banks also joining RE100, a corporate renewables initiative
  • Private sector continues to support emissions reduction
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The Coming Storm of Climate Change

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Morgan Stanley and Citigroup Inc. announced they will get all of their energy from renewables in a few years, another show of corporate support for climate action running counter to U.S. President Donald Trump’s view on the issue.

The New York-based banks are aiming for their operations to be carbon-neutral, Morgan Stanley by 2022 and Citi by the end of the decade, according to separate statements from the companies. Both plan to buy power from clean energy projects.