Latest news about ethical consumerism

 

New campaign demands HSBC to quit coal

Mar 24

Written by:
24/03/2016 10:57  RssIcon

HSBC is biggest investor in coal out of the five big banks

 

Move Your Money's Divest campaign has found that HSBC is the biggest investor of the big 5 banks in fossil fuels, with the bank also scoring badly on its ethical banking scorecard. 

Move Your Money found that HSBC are addicted to coal, pouring more than $8 billion into fossil fuels since 2005.

 

According to Move Your Money:

"It is unacceptable that HSBC continues to prop up this destructive industry, particularly with the coal market in terminal decline and with climate change disproportionately affecting those least responsible for causing it."

HSBC is currently re-writing its mining policy, which sets what the bank will and won't invest in for the foreseeable future in this industry. So the time to act is now!

Move Your Money is asking supporters to pile pressure on HSBC and force the bank to #QuitCoal for good - cutting the crucial lifeblood of finance to this ailing, toxic industry, and helping safeguard the future of humanity and our liveable environment.

Join the campaign by emailing HSBC's CEO.

 

 

Move Your Money's Divest campaign demands:

 

See where HSBC ranks in our shopping guide to banking current accounts.  

 


 

 

This story has been added to our corporate database. The database powers all our live product guides, giving the score for each company on our rankings tables. Find out more about how we rate companies.

 

 

 


 

Tags:
Categories:

 

Full News Archive

 

Ethical news archive going back to July 2009.

Read More

Ethical Consumer Blog

Audio: Taxcast May 2016

  • 24/05/2016 08:59

News and views from the Tax Justice Network

Ethical Consumer Blog

Ethical rice

  • 23/05/2016 11:58

How do we rate products? Anna Clayton explains all in Traidcrafts May podcast

Ethical Consumer Blog

Take part in the Great British Bee Count 2016

  • 17/05/2016 13:02

Friends of the Earths Great British Bee Count kicks off May 19

Ethical Consumer Blog

Oil spill in the Gulf of Mexico

  • 17/05/2016 08:43

Shell forced to shut wells after2000 barrels of oil leaked from its Brutus platform

Ethical Consumer Blog

Eat Kind campaign

  • 16/05/2016 09:08

Humane Society launch new campaign promoting a meat-free lifestyle