Children’s Health Defense – The Defender
By
November 10, 2021
An effort by global financial giant HSBC to water down an industry climate pledge exemplifies the fact that banks and other profit-driven companies “cannot be trusted” to end their complicity in the human-caused climate emergency, critics charged on Tuesday.
According to new reporting by the Bureau of Investigative Journalism (BIJ), HSBC wrote to the Net-Zero Banking Alliance (NZBA) — the initiative started by Mark Carney, former head of the Bank of England — on behalf of 12 large banks, calling on the alliance to loosen restrictions and delay deadlines in order to keep the banks from having to commit to far-reaching climate action.