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Early day motion tabled by primary sponsor Tony Lloyd (Labour), on Thursday, 19 January 2023, in the House of Commons. It is signed by 6 members in total.


HSBC and the Garzweiler coal mine

That this House notes the role of HSBC in allowing for the expansion of the Garzweiler opencast coal mine in Germany; highlights reports that HSBC made a secretive multimillion-dollar loan to the energy company involved, RWE; considers this to be in contravention of HSBC’s stated commitment to withdraw financing from clients that are expanding the production of thermal coal and phase out funding for coal-fired power and thermal coal mining; believes that reports stating HSBC told RWE not to publicise the bank’s involvement indicate that HSBC is aware that providing these funds runs against its own stated policies and commitments; and calls on HSBC to stand by its own climate commitments and halt funding to organisations involved in the expansion of coal mining.


Secondary information

Type
Early day motion
Reference
781 
Session
2022-23
Other sponsors
John McDonnell
Hywel Williams
Rachael Maskell
Liz Saville Roberts
Ben Lake
Subjects
Germany Mining Loans HSBC RWE AG
Link
View this Early day motion on edm.parliament.uk