Climate warning
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HSBC

Climate warning

HSBC Bank continues to finance Rosebank oil field despite a pledge made in the past

HSBC Bank was one of the leading banks who pledged to stop investing in the fossil fuel sector under the Paris Agreement, but we are yet to see any change. Two years ago, the bank had provided funding for the Rosebank oil field owned by Ithaca Energy. However, even after two years of making this pledge, we do not see the bank staying true to its promise.
Burning everything out: © 2013 Robert S. Donovan
Burning everything out: © 2013 Robert S. Donovan

HSBC is one of the members of the Net Zero Banking Alliance, which means that the bank should reach the 1.5 degree goal under the Paris Climate Agreement. This is an effort to invest towards clean energy.
It is high time that we stop fuelling the fossil fuel industry and we should have begun working towards it 'yesterday'! Sending a climate warning to HSBC and hoping they work on their pledge, as they had promised, and helping us work towards a livable planet.
Learn more about the banks investing in Ithaca Energy's Rosebank oil field:






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  • Boniface Kuria

    3 w

    HSBC Bank should be called out as outright liars. No sympathy for them

    5
    • George Kariuki

      3 w

      It's disappointing to see HSBC Bank's failure to uphold its pledge to divest from fossil fuels, particularly in light of its membership in the Net Zero Banking Alliance and commitments under the Paris Agreement. 🏦🛢️ Despite promising change, they continue to finance projects like the Rosebank oil field, contradicting their supposed dedication to clean energy investment.

      1
      • winnie nguru

        3 w

        I want to believe nobody forced them to make the pledge. Why not honor it if you did it out of your own volution after all?

        2
        • walter lungayi

          3 w

          This action shows the need for financial institutions to align with their promises and support efforts towards a greener future.

          4
          • Rashid Kamau

            3 w

            @walter_lungayi Efforts are needed to create a more conducive ecosystem for green finance.

            1
          • Esther Wanjiku

            3 w

            They are a bunch of blatant liars!

            3
            • We Don't Have Time

              3 w

              Dear Varsa Mahananda Your climate warning has received over 50 agrees! We have reached out to HSBC by email and requested a response. I will keep you updated on any progress! To reach more people and increase the chance of a response, click the Share button above to share the review on your social accounts. For every new member that joins We Don't Have Time from your network, we will plant a tree and attribute it to you! /Adam, We Don't Have Time

              5
              • Rukia Ahmed Abdi

                3 w

                The war against climate change cannot and will never be worn by hypocrisy and empty rhetorics. We need transparency and accountability. Shame on @HSBC for retreating on its commitment.

                4
                • Markus Lutteman

                  3 w

                  This needs to stop. @HSBC should make a 180 degree turn and start funding solutions instead. #MovetheMoney.

                  5
                  • Rotich Kim

                    3 w

                    This is inversely the bank is sponsoring the use of fossils behind the scenes

                    3
                    • Elizabeth Gathigia

                      3 w

                      If HSBC could not honor its promises stop funding fossil fuel sector , why pledge then? Big liar!

                      4
                      • Princess

                        3 w

                        I'm so disappointed with HBSC decision to finance the Rosebank oil field despite their previous pledge to refrain from such investments. HBSC should reconsider its decision and prioritize sustainability over profit.

                        14
                        • Sarah Chabane

                          3 w

                          Liars!

                          12
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