Tag: HSBC

Stand.earth finds financing surges since 2024 while Brazil’s Petrobras pushes new drilling at the mouth of the Amazon River ahead of COP30 in Belém.

Bank accused of greenwashing ahead of COP26 for backing scheme while being world’s 13th biggest funder of fossil fuels

“We’re delighted that our campaign has resulted in a binding commitment by HSBC to phase out coal, but the devil is in the detail and the next six months are crucial to ensure that this commitment is translated into robust sector policies.”

Researchers said the total health impacts of the plants could amount to $6.2 billion a year.

HSBC is among other banks, such as BNP Paribas, to take such critical action against climate change.

HSBC whistleblower Hervé Falciani was sentenced to five years in prison for aggravated industrial espionage. Instead of using the data he acquired for financial gain, Falciani ended up assisting multiple governments in exposing wealthy tax dodgers and criminal organizations.