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New report: World s 60 largest banks have poured $3 8 trillion into fossil fuels since Paris Agreement; climate groups sound alarm as financing for fossil fuel expansion continues to rise

New report: World s 60 largest banks have poured $3 8 trillion into fossil fuels since Paris Agreement; climate groups sound alarm as financing for fossil fuel expansion continues to rise
nationofchange.org - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from nationofchange.org Daily Mail and Mail on Sunday newspapers.

Glasgow cityUnited kingdomFrance generalLucie pinsonBruno le maireBen cushingLorne stockmanTom goldtoothJohan frijnsOil change internationalSierra clubRainforest action networkFinancial advocacy campaignIndigenous environmental networkWells fargoSenior research analyst

Inaccuracies and falsehoods : oil giant Total and Greenpeace clash over greenwash claims

Inaccuracies and falsehoods : oil giant Total and Greenpeace clash over greenwash claims
rechargenews.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from rechargenews.com Daily Mail and Mail on Sunday newspapers.

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Insurer AIA agrees to pull out of all coal investments by 2028

Last modified on Wed 17 Mar 2021 17.03 EDT The Hong Kong-based insurance company AIA, whose logo features on Tottenham Hotspur shirts, has bowed to pressure from campaigners and announced it will pull out of all coal investments by 2028. AIA, the largest independent, publicly listed pan-Asian life insurance group, made the pledge in its environmental, social and governance report released this week. It is the first major insurance company in Asia to promise such a move. AIA has $326bn of funds under management and is estimated to hold up to $6bn in coal and coal-fired power assets, according to the Institute for Energy Economics and Financial Analysis.

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HSBC averts shareholder rebellion with vote on climate change plans

The bank has agreed to table a shareholder vote on plans to phase out the financing of coal after months of talks with a coalition of big investors.

France generalLucie pinsonNoel quinnJeanne martinOrganisation for economicParis agreementEconomic cooperationReclaim financeபிரான்ஸ் ஜநரல்லூசி பின்சன்நோயல் க்வின்ஜீன் மார்டின்ஆர்கநைஸேஶந் க்கு பொருளாதாரபொருளாதார ஒத்துழைப்புமீட்டெடுங்கள் நிதி

HSBC caves in over coal

HSBC caves in over coal Europe s biggest bank avoids investor protest by pledging to stop lending for new coal-fired power stations - but not until 2040 11 March 2021 • 11:04am HSBC has dodged a backlash from major investors at its next annual meeting by pledging to phase out financing of coal-fired power by 2040. The pledge, which will go to a vote at its annual meeting in May, follows months of pressure on Europe s biggest bank from investors and activists. A group of shareholders managing $2.4 trillion worth of assets have now agreed to withdraw their own resolution and back the bank s plans. HSBC said it will phase out the financing of coal-fired power and thermal coal mining in markets across the EU and the OECD by 2030 and in all other markets by 2040.

Lucie pinsonNoel quinnBecky jarvisReclaim financeExtinction rebellionStandard charteredBanks and financeClimate changeலூசி பின்சன்நோயல் க்வின்பெக்கி ஜார்விஸ்மீட்டெடுங்கள் நிதிஅழிவு ரெபெலியந்தரநிலை பட்டயவங்கிகள் மற்றும் நிதிகாலநிலை மாற்றம்