Bill McKibben — HSBC Breaks With Other Banks On Fossil Fuel Financing
blog, you are missing out on a great source of information about the fight to preserve the Earth as a place where humans can continue to thrive. In his latest blog post, he reveals how HSBC Bank — Europe’s biggest banking institution by total assets — announced this week that it would no longer provide financing for new oil and gas fields.points out that this new commitment by HSBC is something less than a full pull-back from financing fossil fuel activities.
But the real anger is doubtless in the C-suites of those big four American banks, McKibben says. “I remember years ago, early in the fossil fuel divestment campaign, when I was sitting with the president of a big college . I started listing the names of the noble but small colleges that had acted on principle early on to divest, and he listened for a minute and then hissed ‘you haven’t gotten a single big research university.
But McKibben does more than just write about his angst over a warming planet. He is always thinking up new ways of getting his message across. The latest gambit is something called 32123. What’s that? It stands for March 21, 2023.
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