HSBC to Phase Out Fossil Financing after 99% Shareholder Landslide – The Energy Mix:

The vote to drop coal and embrace Paris represents a strong gallop toward climate action, reports Nikkei Asia. “The resolution, supported by over 99% of votes at an annual shareholders meeting…was spearheaded by a coalition of investors managing US$2.4 trillion in assets led by UK-based non-profit ShareAction.” A 75% majority was all that was needed to make the resolution binding.

HSBC to Phase Out Fossil Financing after 99% Shareholder Landslide – The Energy Mix: The vote to drop coal and embrace Paris represents a strong gallop toward climate action, reports Nikkei Asia. “The resolution, supported by over 99% of votes at an annual shareholders meeting…was spearheaded by a coalition of investors managing US$2.4 trillion in assets led by UK-based non-profit ShareAction.” A 75% majority was all that was needed to make the resolution binding.Read More