Industry News: ESG

HSBC Has Stakes in Firms That Plan More Than 70 New Coal Plants

Written by ESG | 17-May-2021 3:38:20 PM

2021-05-12

The Guardian: A loophole in HSBC’s pledge to phase out financing for coal by 2040 will allow the bank to support companies with plans to build more than 70 new coal plants, which could cause an estimated 18,700 deaths from air pollution a year, according to a report.

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