Most mornings parents in Vietnam will put face masks on their children before they go to school because the air is too dirty to breathe.
It’s not hard to see why. Their cities are surrounded with giant coal plants churning out toxic air.
And guess who’s bankrolling these coal plants? HSBC.
HSBC announced last year that it would stop financing new coal-fired power in all countries around the world - except in Bangladesh, Indonesia, and Vietnam. British bankers are effectively deciding who gets to breathe clean air.
But with your help we can get HSBC’s attention and change this. Next week is HSBC’s big annual shareholder meeting. The big bank will want to look good in front of its shareholders making it sensitive to pressure.
We need your help to put as much pressure on HSBC in the lead up to its big meeting. Can you call on HSBC to join other big banks like Deutsche Bank and Royal Bank of Scotland and stop bankrolling coal projects everywhere?
From 2030, more than 40,000 people could die annually due to coal power pollution across Indonesia and Vietnam.
Yet HSBC is poised to potentially lend money to a big new coal project called Vinh Tan 3 in Vietnam, for which it has acted as a financial adviser.
If we want even a chance of protecting people and planet from climate change we must keep coal in the ground everywhere. That means rejecting any new coal-fired power plants and any coal expansion.
Bangladesh, Indonesia, and Vietnam have some of the world’s largest pipelines of new coal power projects, and they rely on overseas finance from banks like HSBC. HSBC like to talk to the talk on climate change to audiences at home but are cashing in on pollutive projects in the global south.
A powerful coalition of groups are coming together to heap the pressure on HSBC in the lead up to its annual shareholder meeting on 12th April - and if you join in, together we can push HSBC to close this massive loophole.
Public pressure works on HSBC: it’s pushed the bank to reject funding for a mega coal mine in Australia. It’s also made HSBC update its energy policy to “stop financing new coal-fired power in all countries in the world” (albeit huge loopholes) in the first place.
We can help make HSBC quit its coal addiction for good but we need your support to do it at this critical time.