Citi Shareholders Vote Down Human Rights, Environmental Bids (1)

Citigroup shareholders on Tuesday voted down a proposal that would have required the bank to review project-financing policies to ensure they align with United Nations human rights standards.

The bid, introduced by a coalition of religious and social justice organizations, asked the bank to formally review how its policies for funding projects like the 2016 Dakota Access pipeline—built to deliver oil from North Dakota to Illinois through Standing Rock Sioux land by Enbridge Inc.—align with UN guidelines for respecting Indigenous People’s rights. The pipeline project has sparked concern from advocacy groups and Native American tribes over its environmental impact, including ...