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'Incredible' News as Banking Giant HSBC Ditches New Coal, Tar Sands, and Offshore Arctic Drilling Projects
'Incredible' News as Banking Giant HSBC Ditches New Coal, Tar Sands, and Offshore Arctic Drilling Projects
In another signal that "the era of fossil fuels is coming to a close," Europe's biggest bank, HSBC, announced Friday that it will no longer fund oil or gas projects in the Arctic, tar sands projects, or most coal projects.
The move was cheered by climate campaigners on social media, who said, "This is huge," and called it "incredible news."