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Climate activism works - and HSBC proves it

Wednesday, 04 January 2023
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2022 was a successful year for climate finance activists. They started the year with all of the UK's 'big five' banks still funding new fossil fuel projects, but ended the year with only one left funding both new oil and gas projects - Barclays.December brought the biggest prize, with Europe's biggest bank HSBC, announcing an end to funding for new oil and gas projects. This followed Lloyds in October and Natwest in February. Santander told us that they have banned new oil, but they still fund new gas projects.