HSBC: don’t fund coal in Bangladesh

12 November 2019

Our new report, co-published last week with civil society organisations in Bangladesh, shows that if all the coal power projects proposed for Bangladesh were built, these plants would increase the country’s coal capacity 63-fold, from 525 MW today to 33,200 MW by 2031.

HSBC is considering funding the Payra Port dredging project, which would enable at least seven coal power plants access to 20 million tonnes of imported coal every year. This port and the coal plants it would facilitate, represent a carbon bomb that our world simply cannot afford.

Tell HSBC to rule out supporting coal in Bangladesh: