HSBC will no longer finance new oil and gas ventures because of climate change, the British multinational banking giant announced, marking a significant departure from other global financial firms who have held off on such a dramatic move.
HSBC put out an updated energy finance policy Wednesday, which it said was designed to serve its objectives of driving down global greenhouse gas emissions, as well as enabling an"orderly," just, and affordable transition to green energy.
Big banks and fund managers have been under immense pressure from governments and environmental activists to quickly phase down and out their financing of fossil fuels in service of climate change mitigation.
Argentina Últimas Noticias, Argentina Titulares
Similar News:También puedes leer noticias similares a ésta que hemos recopilado de otras fuentes de noticias.
HSBC to stop funding new oil and gas fields as part of policy overhaulHSBC 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 on Wednesday, as part of a wider update of its sector policy.
Leer más »
Ex-FTX CEO declines Senate Banking Committee hearingSam Bankman-Fried continues to decline to testify in front of the U.S. Senate Banking Committee and his lawyers are refusing to accept a subpoena.
Leer más »
Goldman Sachs to chop at least 400 jobs in retail banking unit as deals fizzle: reportGoldman Sachs aims to cut at least a few hundred more jobs, Bloomberg Law reported on Monday, citing people familiar with the matter. The bank is drafting plans that could eliminate at least 400 po…
Leer más »
Senators slam Sam Bankman-Fried for refusing to testify before banking panel on FTX collapseSenators Sherrod Brown and Pat Toomey said ex-FTX CEO Sam Bankman-Fried declined to testify at a committee hearing in 'an unprecedented abdication of accountability.'
Leer más »
5 common banking mistakes that could be costing youIt’s wise to periodically assess where and how you keep your funds. Here are five common banking mistakes that you might not realize you’re making.
Leer más »
Top Lists of 2022: First Coast banking and finance at a glance - Jacksonville Business JournalHere were some of the Business Journal's top banking & finance industry lists of 2022.
Leer más »