Celebrities call on UK banks to stop financing new oil, gas and coal fields

A raft of famous names including Stephen Fry, Emma Thompson and Mark Rylance have joined activists and businesses in calling on the UK’s big five banks to stop financing new oil, gas and coal expansion.

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** RECOMMENDED ** HSBC to end funding for new oil and gas fields

HSBC has announced it will stop financing new oil and gas fields, as part of its efforts to drive down global greenhouse gas emissions. Environment groups said the move sends "a strong signal" to fossil fuel giants that investment is waning.

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Fossil-Fuel Shares Lead the Stock Market. How Awkward.

If you want to make money in the market but also be a responsible citizen in a warming world, you’re in a tough spot. But there are some promising options, our columnist says. It is no secret that the stock market has been rocky since the start of the year.

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Bank of England tells banks to take climate action now or face profit hit

LONDON, May 24 (Reuters) - Banks and insurers that fail to manage climate risks as a "first-order" issue could face a 10% to 15% hit to annual profits and higher capital requirements, the Bank of England (BoE) said on Tuesday.

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The database of fossil fuel divestment commitments made by institutions worldwide

Notable Divestment Commitments

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The longshot campaign to get big banks out of fossil fuels

Climate activists lost this week against big banks. Don’t count them out just yet. This week, shareholders at Citigroup, Wells Fargo, Bank of America, and Goldman Sachs voted on resolutions recommending the companies stop any additional financing for fossil fuel projects.

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Texas stumbles in its effort to punish green financial firms

For years, fossil fuel producing states have watched investors shy away from companies causing the climate crisis. Last year, one state decided to push back.

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UK, Switzerland accused of undermining EU green treaty reforms

The UK and Switzerland have been accused of undermining the European Union’s push for green reforms of an investment treaty.

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Global exodus from fossil fuel holdings tops 1,500 institutions

TOKYO -- More than 1,500 pension funds, universities and other organizations around the world have announced that they will divest from fossil fuel assets, doubling from five years earlier and underscoring the surge in sustainable investing.

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HSBC says clients must have plan to exit coal by end-2023

LONDON, Dec 14 (Reuters) - HSBC (HSBA.L), Europe's leading banker to corporate Asia, laid out its long-awaited policy on financing thermal coal on Tuesday, and said it expected all its clients to have a plan in place to exit the fossil fuel by the end of 2023.

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