In a landmark case, the Eastern Caribbean Supreme Court has issued black notices against prominent CEOs from major financial institutions including Bank of America, Citibank, and JPMorgan Chase as part of ongoing civil proceedings related to environmental enforcement under the Antigua & Barbuda Carbon Act.
The notable figures affected by these notices include:
- Brian Moynihan - Bank of America
- Jamie Dimon - JPMorgan Chase
- Jane Fraser - Citibank
- Charles Scharf - Wells Fargo
- Christian Sewing - Deutsche Bank
- Noel Quinn - HSBC
- Ulrich Körner (former) - Credit Suisse
- Sergio Ermotti - UBS
- Charles Lowrey - Prudential
- Anup Bagchi - ICICI Prudential
A bench warrant was issued as a judicial tool grounded in common law due to non-appearance or contempt following lawful notice. This emphasizes that judicial authority, rather than political influence, is at the core of this legal process.
In addition, the case highlights the need for enhanced accountability in the financial sector regarding environmental practices. The original claim form related to Case ANUHCV2025/0149 has been made available for transparency and provides a chronology of events as they unfold.
As these proceedings develop, the implications for both the financial industry and environmental regulations could be profound, signaling a serious commitment to enforcing carbon-related legislation.
