The New York bank that provides the credit cards used by Costco shoppers uses the money it makes, in part, to expand the world’s fossil fuel industry.
So why are 12 climate organizations across the nation — including Third Act, the climate action group for people over 60 that I helped found — suddenly turning their attention to Costco and asking it to change its ways? Well, as is sometimes the case with basically good people, Costco has gone a little astray by hanging around with the wrong crowd.
In this case, the wrong crowd is Citi. The New York bank provides the credit cards used by Costco shoppers — and it uses the money it makes, in part, to expand the world’s fossil fuel industry, the one thing scientists tell us we must stop doing.