HSBC accused of ‘bulldozing through’ key climate policy with $1bn Glencore deal

‘We do not believe there is room for backtracking,’ said one group about HSBC’s climate policies - (PA Archive)

HSBC has been accused of “bulldozing” through one of its key climate pledges by helping raise $1 billion (£750bn) for the mining giant Glencore.

Following pressure from climate-conscious investors, HSBC promised in December 2021 to stop funding companies that were increasing coal production.