Third Act, Stop the Money Pipeline, and a coalition of organizations delivered the "Costco: Clean Up Your Credit Card" petition signed by 40,000 thousand people, including 18,000 Costco members, calling on Costco to cut ties with Citibank if Citi won’t clean up its portfolio and stop funding the expansion of fossil fuels.

On January 17, 2024, the Costco: Clean Up Your Credit Card petition signatures were delivered to Costco Headquarters in Issaquah, WA by local Costco members and shareholders. Costco members and people signing the petition come from all 50 states, plus Washington, DC, Puerto Rico, and the US Virgin Islands, as well as 57 countries. They are asking Costco to “do the right thing,” as Costco’s corporate motto states, and live up to its climate action plan and policy. These Costco members love Costco, but they don’t love dirty Citibank because it is one of the world’s biggest funders of dirty fossil fuels that are contributing to climate disasters.

As one of Citi’s largest credit card clients, Costco has a huge opportunity to use its power as a retail leader to push Citi to stop funding new fossil fuel projects. If Citi refuses, the tens of thousands of petition signers strongly urge Costco to find a new credit card provider that isn’t bankrolling the climate crisis and robbing coming generations of a healthy future. We obviously can’t get off fossil fuels tomorrow, but we can—and the U.S. has just joined other countries in pledging that we will—transition away from them, as quickly as possible, in order to preserve some chance at a working climate. That transition is simply incompatible with Citi’s ongoing backing of fossil fuel expansion. At the end of the hottest year in the last 125,000, it’s time for Costco to signal this small change that will pay huge dividends.

The petition states:

“We, Costco members and members of the general public, are urging Costco to scale up its positive climate impact by addressing the climate impact of its relationship with Citi. We are deeply concerned about Costco’s relationship with its co-branded affiliate credit card provider, Citi, a major global source of financing for the fossil fuel industry.

We need Costco to show climate leadership by taking the following steps:

  • Drop Citi: if Citi doesn’t align its climate policies with the Paris Agreement, Costco should drop its credit card relationship with Citi, announce this publicly, and find a better banking partner to do its business with. This is the best case scenario for Costco.
  • Make a plan to have better banking partners: Costco should include fossil-free finance criteria in its requirements for bank service providers, including credit cards.
  • Measure and disclose your banking emissions: In the same way that decarbonizing your supply chain is a critical part of your climate work, so is decarbonizing your finances. That starts by measuring and disclosing your financed emissions in your 2023 climate disclosures.

Costco has an opportunity to combat the climate crisis by addressing its relationship with Citi and its financed emissions. We, as Costco members and members of the general public, are deeply concerned about the climate emergency, and want to see Costco pursue banking relationships that align with the company’s values and climate policies. We are calling on Costco to live up to its motto and ‘do the right thing.’ “

The twelve organizations sponsoring this petition include: Third Act, Stop the Money Pipeline, New York Communities for Change, Climate Organizing Hub, Stand.earth, Hip Hop Caucus, Green America, Climate Action California, Friends of the Earth Action, Oil & Gas Action Network, Elders Climate Action, People Power United.

Read and download the PDF of the Petition and all the signers (22.8 MB).