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.
Archived copies of the article: web.archive.org archive.today ghostarchive.org
There’s not going to be any ethical bank; the author is letting perfect be the enemy of good. Synchrony is scummy in its own right, providing services for myriad store cards and fucking over individual customers, which Costco would likely prefer to avoid.
What about a credit union?
That will process credit cards for a massive international retailer?