HSBC under fire for $340m loan to energy firm involved in coal mine expansion

Despite pledge to halt fossil fuel financing

Valeria Martinez
clock • 3 min read

HSBC has extended a revolving credit facility to an energy company that is tearing down a German village to expand a large coal mine, despite its promise to “phase down” fossil fuel financing.

To continue reading this article...

Join Investment Week for free

  • Unlimited access to real-time news, analysis and opinion from the investment industry, including the Sustainable Hub covering fund news from the ESG space
  • Get ahead of regulatory and technological changes affecting fund management
  • Important and breaking news stories selected by the editors delivered straight to your inbox each day
  • Weekly members-only newsletter with exclusive opinion pieces from leading industry experts
  • Be the first to hear about our extensive events schedule and awards programmes

Join now

 

Already an Investment Week
member?

Login

Trustpilot