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Revealed: HSBC’s dirtiest deals will emit more pollution than Brazil or Canada

25 May 2021 | News, Press release

As HSBC prepares for its AGM on 28 May, new research reveals that a selection of HSBC fossil fuel financial transactions over the last five years will emit 523 million tonnes of CO2 every year for decades to come – more than the entire annual emissions of either...

HSBC-linked new coal plants will cause 19,000 air pollution deaths per year

12 May 2021 | News, Press release

In April, Market Forces revealed that HSBC’s proposed new coal policy won’t affect it’s asset management arm, allowing HSBC to continue to own stakes in coal companies that together plan 73 new coal plants, generating 99 gigawatts (GW) of energy from coal. Not...

Standard Chartered to face shareholder action if climate policies don’t improve

10 May 2021 | News, Press release

Standard Chartered will be in the sights of shareholders next year if its poor record on climate change doesn’t improve, according to environmental organisation Market Forces.  The news comes as Standard Chartered participates in a US$ 400 million, 5-year loan...

Barclays AGM 2021 – nearly 25% of shareholders defy bank management on climate

6 May 2021 | News

The 2021 AGM of the biggest fossil banker in Europe, Barclays, was rightly dominated by questions and discussions around climate change. One quarter of Barclays shareholders defied the bank board’s voting recommendation on climate change, with 14% voting for the...

Barclays AGM 2021: Investors have serious questions to answer

5 May 2021 | News, Press release

Reacting to the news that 14% of Barclays shareholders voted for the Market Forces shareholder resolution calling on the bank to phase out funding for fossil fuels (with a further 12% abstaining on Barclays’ management’s recommendation to vote against), Adam McGibbon,...

HSBC says it will phase out coal lending – with an Australia-sized loophole?

16 March 2021 | News

In response to a shareholder resolution coordinated by ShareAction, HSBC, Europe’s largest bank and one of the biggest backers of fossil fuels, has announced it will table its own resolution on plans to phase out financing for coal-fired power and thermal coal...

Barclays faces renewed shareholder challenge on fossil fuels

26 February 2021 | News, Press release

Barclays will face a second consecutive year of shareholder pressure on its position as Europe’s largest fossil fuel financier, after a shareholder resolution has been filed for the bank’s AGM on 5 May, calling for financing and exposure to coal, oil and gas to fall...
Next Entries »

Recent Posts

  • Has Lockton put ethics aside to back Adani’s disastrous coal mine?
  • Standard Chartered AGM – shareholders rebel against management on climate change
  • ANALYSIS: Standard Chartered funds fossil fuel projects in 2021 that will emit five times the entire UK’s annual emissions
  • Standard Chartered Bank hit with protests on opposite sides of the world as AGM vote on ending fossil fuel expansion finance approaches
  • London-based financial services company GLAS latest to risk shattering its reputation on Adani’s coal project

Recent Comments

  • London-based Convex Insurance could insure one of the most environmentally destructive projects on Earth – Market Forces UK #StopAdani #StopEcocide #auspol #NoNewCoal Stop stealing our children’s future! – Climate Action Australia on London-based Convex Insurance could insure one of the most environmentally destructive projects on Earth

About Market Forces

Market Forces believes that the banks, pension funds and governments that have custody of our money should use it to protect not damage our environment.

Our work exposes the institutions that are financing environmentally destructive projects and helps people to hold these institutions accountable. We work with the community to prevent investment in projects that would harm the environment and drive global warming.

Market Forces is an international organisation headquartered in Australia.

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