No Exceptions: Why HSBC's new coal policy could fuel climate change
In order to stop climate change from hurting the world’s poor, we need to stop new fossil fuel infrastructure, especially coal, from being built.
Finance from banks has helped build new coal plants, when it should be going to underfunded renewable projects.
This report looks at the new energy policy from HSBC. It asks why the bank has omitted Vietnam, Bangladesh and Indonesia from its ban on coal financing, when other banks like Standard Chartered have ruled out coal financing in all countries.