31 Jan 2020 Use the form on the right to email HSBC telling the bank to withdraw from Payra Port. UK-headquartered HSBC is arranging finance for the dredging of Payra coal port in Bangladesh. Among other commodities, this port would import 20 million metric tons of coal for eight proposed … Read More
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 … Read More
Take Action: HSBC violates its coal mining policy to fund Adani Carmichael
Good news! On 17 December GHD announced they would no longer be working with Adani! You can still take action and tell every other company at risk of helping Adani to walk away. 23 August 2019 Over 55 major corporations, from banking and insurance to engineering and construction, have ruled … Read More
Westpac and HSBC violate their coal policies to fund Adani Carmichael
Good news! On 17 December GHD announced they would no longer be working with Adani! You can still take action and tell every other company at risk of helping Adani to walk away. Adani’s Abbot Point coal port. Credit: Dean Sewell 23 August 2019 Two of these are Westpac and … Read More
HSBC bosses spin yet more climate rhetoric on coal finance for developing countries
A full-page ad in the UK’s biggest business newspaper, a protest and plenty of deservedly tough questions. HSBC’s AGM had it all. 15 April 2019 Last Friday marked HSBC’s 2019 annual general meeting (AGM) and a year since the bank shamefully decided to leave the door open to funding new … Read More
HSBC’s cynical coal policy leaves Bangladesh, Vietnam and Indonesia open for business
HSBC’s coal power policy, released at its April 2018 AGM, boldly states it will not finance new coal-fired power plants, with some exceptions. It will still finance projects in Bangladesh, Vietnam and Indonesia, with further limits on the carbon intensity and financial close dates of the projects. 23 January 2019 … Read More
WIN! Standard Chartered rules out new coal…. everywhere!
25 September 2018 Standard Chartered bank today updated its policy on lending to power generation, ruling out new coal power plants anywhere in the world. It confirmed the bank would no longer directly finance “any new coal-fired power plant projects, including expansions, in any location”. This marks a massive shift … Read More
Keeping Euros out of dirty coal in Australia
5 May 2014 If we’re going to stop new dirty coal projects getting funded, we need to work both in Australia and internationally. Market Forces is in Europe where, over the next couple of weeks, several banks that are key to new coal export projects in Australia are having their … Read More