Repeat offenders HSBC & Standard Chartered line up to bankroll ‘bet against the Paris Agreement’
HSBC and Standard Chartered are amongst eighteen global banks that have loaned to a gas processing facility that paves the way for a carbon bomb [1] at the scale of 15 coal power stations. HSBC and Standard Chartered are among the banks named as lenders to Global...Santa delivers coal to Convex Insurance in Bermuda and puts Stephen Catlin on naughty list over coal underwriting
Santa delivers coal to Convex and Stephen Catlin in Hamilton, Bermuda Convex continues to refuse to join 42 major insurers in ruling out insuring controversial Adani Carmichael mega-coal mineSanta delivers stockings full of coal for Stephen Catlin and Convex outside...HSBC new coal policy ignores elephant in the room of bank’s ownership of new coal power
Policy allows HSBC Global Asset Management’s huge investment in companies building 99 gigawatts of new coal plants to continue, Financing able to continue for problem coal companies like Adaro (Indonesia) and Adani (India) HSBC’s long-awaited new coal policy, a...
Convex Insurance clinch ‘Coal Holdout’ Award at 2021 Insurance Times Awards
Market Forces awards London-based insurer with prize for refusing to rule out coal mine that will result in emissions 10 times the UK’s annual carbon footprint Ceremony attendees handed leaflets highlighting Convex’s coal holdout status “Stephen Catlin” accepts...London-based Convex Insurance could insure one of the most environmentally destructive projects on Earth
The Adani Carmichael coal mine in Australia is one of the most environmentally and socially destructive projects on Earth. It will emit 4.6 billion tonnes of CO2 – equivalent to more than eight years of Australia’s annual greenhouse gas emissions – and...Standard Chartered’s new climate policy aims for failure
Policy fails to rule out oil and gas expansion, as required by the IEA’s Net Zero by 2050 scenario,Major coal mining clients to continue to enjoy Standard Chartered’s financing,Market Forces-coordinated shareholder resolution stands, and will go to StanChart AGM...
Standard Chartered shareholders challenge bank to live up to net zero promise on fossil fuels
Shareholders file climate resolution as StanChart CEO co-chairs Sustainability Council of G20 business summit (B20)Resolution calls on bank to match ‘net zero by 2050’ rhetoric with action and end the bank’s misaligned financing of fossil fuelsInternational...UK banks competing in ‘Race to Disaster’ ahead of UN Climate talks
HSBC and Barclays neck-and-neck for funding fossil fuels this year so far – funding US$4.5 billion and $4.4 billion respectively in fossils – despite climate pledges. The top UK fossil-funding banks – Barclays, HSBC and Standard Chartered –...
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