Advertise On EU-Digest

Annual Advertising Rates


EU Low Carbon Energy - Coal: HSBC pulls the plug on coal as a viable source of - Cecilia Jamasmie

HSBC has joined an increasing list of large banks by announcing Friday it would not longer finance coal-fired plants, oil sands and arctic drilling

The move, announced by Europe’s largest bank at its annual meeting as part of its new energy policy, seeks to head off criticism from investors who want the institution’s actions to be aligned with the Paris

Agreement, a global pact to limit greenhouse gas emissions and curb rising temperatures.

Daniel Klier, HSBC’s sustainability boss, said the decision reflected the bank’s ambition to help its customers make the transition to a low-carbon economy.

Read more: HSBC pulls the plug on coal |

No comments: