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The Independent UK
The Independent UK
National
Via AP news wire

HSBC updates climate policy to stop funding new oil and gas

HSBC Oil
Copyright 2020 The Associated Press. All rights reserved

Europe's biggest bank HSBC announced Wednesday it will no longer finance new oil and gas fields as part of its updated climate strategy.

Climate campaigners welcomed the moved saying HSBC provided a new baseline for other major banks but urged the bank to go further.

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