Climate Activists Target HSBC HQ on Earth Day
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Activists said the bank has invested some $80 billion in fossil fuels since the Paris Agreement in 2015.
Activists from the Extinction Rebellion group hit HSBC’s London headquarters in Canary Wharf in an Earth Day protest on Thursday, shattering 19 windows.
HSBC has pledged to shrink its carbon footprint to net-zero by 2050. However, the bank’s current climate plan still allows it to finance coal power, and provides no basis to turn away or cancel contracts based on links to the fossil fuel industry, the group said.
Extinction Rebellion, formed in 2018, describes itself as a «non-violent a direct action movement demanding a response to the climate and ecological emergency.»
The group protested at the London headquarters of Barclays two weeks ago, accusing the bank of «continued investments in activities that are directly contributing to the climate and ecological emergency.
Its Money Rebellion campaign also saw its members take part in civil disobedience outside multiple banks in New York, including J.P. Morgan, Bank of America, TD Bank and Citibank.
Questions & Answers
Q.Which specific Extinction Rebellion campaign was involved in the protests against multiple banks in New York?
Which specific Extinction Rebellion campaign was involved in the protests against multiple banks in New York?
Extinction Rebellion's 'Money Rebellion' campaign saw members participate in civil disobedience outside various banks in New York, including J.P. Morgan, Bank of America, TD Bank, and Citibank.
Q.What is HSBC's stated long-term goal regarding its carbon footprint?
What is HSBC's stated long-term goal regarding its carbon footprint?
HSBC has pledged to reduce its carbon footprint to net-zero by 2050. This is a commitment the bank has made regarding its environmental impact.
Q.What was Extinction Rebellion's primary accusation against HSBC regarding its climate plan?
What was Extinction Rebellion's primary accusation against HSBC regarding its climate plan?
The group accused HSBC's current climate plan of still permitting the bank to finance coal power. They also stated it offers no grounds to decline or cancel contracts linked to the fossil fuel industry.
Q.What other bank did Extinction Rebellion protest at recently, and what was their accusation?
What other bank did Extinction Rebellion protest at recently, and what was their accusation?
Extinction Rebellion protested at the London headquarters of Barclays two weeks prior. They accused Barclays of ongoing investments in activities that directly contribute to the climate and ecological emergency.
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