As part of a broader change to its sector policy, HSBC announced on Wednesday that it will stop funding new oil and gas projects and will demand more information from its energy clients regarding their efforts to reduce carbon emissions. The majority of activist groups that have criticized HSBC in previous years applauded the decision by one of the largest lenders to the energy sector as a long-awaited upgrade that will push businesses toward a greener future. The biggest bank in Europe claimed that it decided after consulting with international energy experts. It follows earlier criticism of HSBC for supporting … Continue reading HSBC To Halt Financing Of New Oil & Gas Field