Banks Continue to Prop Up the Fossil Fuel Industry
Union of Concerned Scientists
FEBRUARY 5, 2024
Some of HSBC’s dealings were on behalf of Saudi Aramco, the world’s second-ranked company in Fortune’s Global 500 and often dubbed the world’s biggest polluter for being the largest corporate emitter of greenhouse gases. It also requires a deep reduction in fossil fuel finance and an opening of the vaults for clean energy.
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