HSBC to stop funding new oil and gas fields as part of policy overhaul

Covering everything from biomass projects to hydrogen, nuclear and thermal coal, the policy was aimed at driving progress in sectors with different energy systems, Celine Herwijser, HSBC’s chief sustainability officer, told Reuters. Amid Russia’s invasion of Ukraine, and a resulting rise in energy costs, the policy was also “pragmatic”, she said, and the bank would […]