Gustavo Bernal Torres
Mines, Pipelines and Oil Rigs: What HSBC’s ‘Sustainable Finance’ Really Pays For
HSBC allegedly funneled billions of dollars into expanding fossil labeled fuels, air travel and other polluting activities and labelled it “sustainable finance”.
HSBC has committed to contribute up to $1 trillion in sustainable financing and investment by 2030. However, the Bureau can reveal that billions of dollars being counted towards this target are in fact helping to fuel the climate crisis.
In revelations that could be highly embarrassing, an investigation by the Bureau of Investigative Journalism and the BBC claimed that at least $2.4 billion of deals that HSBC counts towards this goal were funding activities that are adding to the climate crisis.