4 Min Read LONDON (Reuters) - HSBC and Barclays, which have pledged to stop financing new coal projects, have been challenged by a legal group over a Japanese bond it says will contribute to the financing of coal-fired power in Vietnam. FILE PHOTO: HSBC logo is seen on a branch bank in the financial district in New York, U.S., August 7, 2019. REUTERS/Brendan McDermid/File Photo Both banks have come under pressure from investors keen to see them do more to help the world shift to a low-carbon economy and HSBC faces a shareholder vote over its fossil fuel financing at its annual meeting in April.
HSBC, Barclays challenged over bond linked to Vietnamese coal project wsau.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from wsau.com Daily Mail and Mail on Sunday newspapers.
HSBC, Barclays challenged over bond linked to Vietnamese coal project metro.us - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from metro.us Daily Mail and Mail on Sunday newspapers.
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5 Min Read (Thomson Reuters Foundation) - The melting of a glacier in the Peruvian Andes, which is raising the risk of flooding for about 120,000 nearby residents, is being caused by man-made global warming, scientists said on Thursday, providing new evidence for an ongoing climate lawsuit. Peruvian farmer Saul Luciano Lliuya lives in the town of Huaraz below the Palcaraju glacier that is pushing the waters of Lake Palcacocha dangerously high. He sued German energy utility RWE in 2015 over its role in fuelling global warming. Lliuya has argued that greenhouse gas emissions from RWE’s coal-fired power plants are partly to blame for melting the glacier, producing water that threatens to flood his home.
Last modified on Thu 4 Feb 2021 11.43 EST Human-caused global heating is directly responsible for the threat of a devastating flood in Peru that is the subject of a lawsuit against the German energy company RWE, according to groundbreaking new research. The study establishes links from human-made greenhouse gas emissions to the substantial risk of a dangerous outburst flood from Lake Palcacocha, high in the Peruvian Andes. The resulting flood would trigger a deadly landslide inundating the city of Huaraz, and threatening about 120,000 people in its path. Climate litigators say the research published in Nature Geoscience could be key to holding major polluters accountable for their contribution to climate change.