Archive

  • HSBC aims to cut financed emissions from oil & gas by 34% by 2030

    22 February 2022

    HSBC has announced emissions reductions targets for 2030 covering pollution financed by its lending activities, which include a 34% cut in oil and gas emissions as well as 75% in the power and utilities sector.

  • Coal terminal developer issues 'ridiculous' sustainability-linked bond

    19 January 2022

    An Indian port operator developing a coal terminal has sparked controversy after it raised $400 million from its debut sustainability-linked bond.

  • Carney criticised for 'greenwashing' net-zero financial firm alliance

    07 October 2021

    Former Bank of England governor Mark Carney has been criticised by more than 90 non-governmental organisations that the Glasgow Financial Alliance for Net Zero (GFANZ) that he chairs provides a means for banks to 'greenwash' their activities.

  • HSBC, Standard Chartered and Barclays provide $12bn in fossil fuel financing in 2021

    19 August 2021

    HSBC, Standard Chartered and Barclays have supported a combined $12 billion in fossil fuel financing in the first six months of 2021, which campaigners said undermines the climate pledges made by the lenders ahead of the COP26 climate summit in the country later this year.

  • BHP criticised as confirms oil and gas exit with Woodside deal

    17 August 2021

    Pressure has been building on BHP to exit its fossil fuel assets, but its proposed deal to shift its oil and gas assets to Woodside has been criticised - and considered 'disastrous' for Woodside shareholders and the environment. Ahren Lester reports

  • HSBC faces criticism after Paris-aligned finance pledge

    09 October 2020

    Banking giant HSBC has become the latest bank to commit to align its financed emissions - the carbon emissions of its portfolio of customers - to the Paris Agreement goal to achieve net zero by 2050 or sooner.

  • Westpac abandons thermal coal funding in tighter climate policy

    04 May 2020

    Westpac has committed to exit its funding of thermal coal firms by 2030 and to align its financing business to the Paris Agreement, as it launched its updated climate change position statement.