News
14 December 2022

HSBC to stop funding new oil and gas fields

In:
Oil & gas, Power
Region:
Middle East & Africa, Americas, Asia-Pacific, Europe

HSBC will stop funding new oil and gas fields and expect more information from energy clients over their plans to cut carbon emissions, the banking giant said, as part of a wider update of its sector policy.Activist groups that have been critical of HSBC in recent years mostly hailed the move by one...

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