HSBC to (almost) stop financing coal power

Madeleine Cuff
clock • 2 min read

Europe's biggest bank announces intention to halt financing for coal-fired power plants as part of low-carbon drive - but lists Bangladesh, Indonesia and Vietnam as exceptions

HSBC, the biggest bank in Europe, has today announced it will stop financing coal-fired power stations, oil sands and Arctic offshore drilling projects in a move to support the low-carbon economy. Announced...

To continue reading this article...

Join BusinessGreen

In just a few clicks you can start your free BusinessGreen Lite membership for 12 months, providing you access to:

  • Three complimentary articles per month covering the latest real-time news, analysis, and opinion from Europe’s leading source of information on the Green economy and business
  • Receive important and breaking news stories via our daily news alert
  • Our weekly newsletter with the best of the week’s green business news and analysis

Join now

 

Already a BusinessGreen member?

Login

More on Investment

SSE unveils £33bn grid, renewables, and flexible generation investment plan

SSE unveils £33bn grid, renewables, and flexible generation investment plan

Energy giant sets out 'fully funded' five year capital investment plan to bolster grid and build 'cleaner, more secure, and more affordable energy system'

Michael Holder
clock 14 November 2025 • 2 min read
UK Export Finance agrees clean energy deal with Brazil's export credit agency

UK Export Finance agrees clean energy deal with Brazil's export credit agency

Government's export credit agency inks alliance that aims to boost exports of UK and Brazilian clean tech

BusinessGreen staff
clock 13 November 2025 • 3 min read
'A sustainable economic transition is underway': How green investment is now a 'systemic consideration'

'A sustainable economic transition is underway': How green investment is now a 'systemic consideration'

Environmental and responsible investment approaches now apply to hundreds of trillions of dollars of assets worldwide, according to new Global Sustainable Investment Review

Michael Holder
clock 11 November 2025 • 6 min read