30-04-2025
Citi Banker Says Clients Consider Climate Investments Outside US
Renewable energy and climate technology companies that flocked to the US to profit from the subsidies provided by the Biden administration's Inflation Reduction Act are reassessing whether the US remains the optimal place to run a low-carbon business, according to a senior Citigroup Inc. banker.
While there's yet to be a noticeable exodus from the US, companies are weighing their options to see if there are more accommodating locations for investing in decarbonization, said Cathy Shepherd, Citigroup's global head of corporate banking for the clean energy transition. Speaking on a panel at the BloombergNEF Summit in New York on Wednesday, Shepherd said Citigroup's clients are exploring options in Europe and Asia.
