Banking giant HSBC could rewrite our climate future in
the next 48 hours — if we don’t miss our chance.
Right now, HSBC is Europe’s second-largest fossil fuel financier.
But a group of major shareholders has forced a vote
at an upcoming AGM that could stop the bank from investing
in coal projects and companies — starting now.
This would be one of the biggest climate victories in recent
memory. And HSBC is under unprecedented pressure,
from major investors to activists at branches. Insiders say that
top execs will decide in the next 48 hours whether to
endorse the move -- or try to water it down. We can’t miss
this chance! Send a message to key decision-makers:
HSBC:
Break up with coal, now!
HSBC has long given lip service to climate change, but since the
Paris agreement was signed, it has pumped $87 billion into fossil
fuels. Even now, the CEO is talking a good game, promising to wean
off of coal. But the plan has no specifics, and is simply not fast
enough.
Now over 100 institutional and private investors — representing
over $2.4 trillion in assets — have changed the game. They’re
putting enormous pressure on HSBC to pass a resolution at
the AGM that will force the bank to put an expiration date on coal
and fossil fuels.
The bank is preparing a response, and the next 48 hours
will determine what they do. If execs are convinced not to
water it down — HSBC could be a massive domino to stopping
coal financing forever.
Our climate future could be riding on this — send an urgent
message to HSBC's CEO and Chairman:
HSBC:
end coal financing ASAP!
Coal is the deadliest fossil fuel. It wrecks communities,
pollutes water, and ruins the air we breathe. New projects are very
likely to impact frontline communities already experiencing the
worst of the climate crisis. These communities need and want
investment in renewable energy, not coal.
If we can convince HSBC, one of the premier fossil fuel
financiers on the planet — there might be no stopping us. Let’s get
this done.
