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HSBC Divests From New Coal Projects Everyhwere Except Bangladesh, Indonesia, and Vietnam


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HSBC Divests From New Coal Projects Everyhwere Except Bangladesh, Indonesia, and Vietnam

Brett Fleishman

HSBC, Europe’s largest bank, recently announced it would no longer finance new coal power plant projects, new greenfield tar sands projects, and no offshore oil or gas projects in the Arctic. The announcement is a significant step forward in what is shaping up to be an industry policy trend in regards to fossil fuel finance.