Europe’s largest bank vows to stop funding new oil projects globally
London-based HSBC, the largest bank in Europe and the 8th largest bank in the world, has announced that it will stop funding any new oil and gas developments globally.
Expand Expanding CloseOver $5.2 trillion in assets now committed to be divested from fossil fuels – almost doubled over the last year
The Divestment movement, which aims at convincing people to remove their money from fossil fuel investments, has been picking up steam over the past year. A new report that came out this week claims that it has reached a commitment of over $5.2 trillion in assets from 688 institutions and 58,399 individuals across 76 countries over the last 5 years.
Expand
Expanding
Close