HSBC, Europe's biggest bank, announced on Wednesday it would no longer finance new oil and gas fields as part of its updated climate strategy.

Climate campaigners welcomed the move, saying HSBC provided a new baseline for other major banks, but urged the bank to go further.

Premium + Digital Edition

Ad-free access


P 80 per month
(billed annually at P 960)
  • Unlimited ad-free access to website articles
  • Limited offer: Subscribe today and get digital edition access for free (accessible with up to 3 devices)

TRY FREE FOR 14 DAYS
See details
See details