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

Failed low-carbon transition could wipe one third of pension fund returns

Failed low-carbon transition could wipe one third of pension fund returns

Ortec Finance finds high warming scenario could slash projected returns from pension funds by 2050

Jasmine Urquhart, Professional Pensions
clock 23 October 2025 • 2 min read
'Little progress': LSE study warns top banks are continuing to back new fossil fuel projects

'Little progress': LSE study warns top banks are continuing to back new fossil fuel projects

Analysis reveals no bank has fully committed to ending financing for all new oil and gas fields or coal projects

James Murray
clock 22 October 2025 • 3 min read
National Wealth Fund announces over £100m financing for flagship wind and heat network projects

National Wealth Fund announces over £100m financing for flagship wind and heat network projects

Government investment vehicle confirms fresh funding for major wind projects in Orkney and Norfolk, as well as support for Hull's new heat network

Stuart Stone
clock 21 October 2025 • 6 min read