HSBC backs nuclear power in Indian earthquake zone

Posted by jamie — 11 May 2011 at 11:34am - Comments
Site of the proposed nuclear power station in Jaitapur, India
All rights reserved. Credit: Apoorva Salkade / Greenpeace
Site of the proposed nuclear power station in Jaitapur, India

Two months ago, an earthquake and tsunami hit Japan. This not only resulted in a huge natural disaster and humanitarian crisis, but also triggered an unprecedented man-made tragedy. And yet plans are afoot to build a nuclear power plant in another earthquake zone, this time in India.

Nestle won! HSCB next!

HSBC drops shares in forest trashing Sinar Mas

Posted by jamie — 8 July 2010 at 8:21am - Comments

Wahey, you've scored another victory! After receiving nearly 10,000 emails (and seeing some excellent spoof adverts), HSBC has sold its shares in Sinar Mas, one of the worst companies responsible for ripping up the Indonesian rainforest for palm oil and pulp plantations. It's fantastic news (as The Guardian was quick to agree) that has shone a light on the financial side of deforestation. And you made this happen - thanks!

HSBC adverts are just greenwash, so why not make your own?

Posted by jamie — 3 June 2010 at 10:08am - Comments

If this man's tree-top home was in the way of profit, do you think HSBC would really stop the bulldozers? 

Update: Thanks to the thousands of emails sent and the videos you made, HSBC have since sold their shares in Sinar Mas.

HSBC's advertising creates a world where this monolithic financial institution truly empathises with the cultural, environmental and deeply symbolic relationships people have with trees and rainforests. It's a make-believe world, of course. The bank's actions speak far louder than the syrupy voiceovers and twee sentiments in their adverts, so just like BP's logo, they're ripe for a makeover. So why not make one of your own?

HSBC forest policy has loopholes you could drive a bulldozer through

Posted by jamie — 19 May 2010 at 11:04am - Comments

Given we've turned our sights away from Nestle towards HSBC, a few more details might be in order about why we've gone from chocolatey giant to banking colossus as the next stage in our campaign to stop Indonesia's rainforests being replaced with palm oil and paper plantations. It's a lateral step but then our intent has always been to tackle the palm oil industry at every level, from production to consumption and all points in between.

Success! You made Nestlé drop dodgy palm oil! Now let's bank it with HSBC

Posted by jamie — 17 May 2010 at 9:28am - Comments
Nestle won! HSCB next!
All rights reserved. Credit: Greenpeace

You'll never guess what. Nestlé has only gone and agreed to our campaign demands! And you've made this possible. We really, seriously could not have done it without you. Now we need to move straight on to the next big player in the palm oil industry - banking giant HSBC.

Drowning in greenwash

Posted by jamie — 9 January 2008 at 3:03pm - Comments

Watching TV used to be a relaxing pleasure but now it makes my blood boil. It's not the programmes so much (although a lot of it is rubbish) but the advert breaks overflowing with greenwash, filled with images of doe-eyed creatures and tranquil woodlands by companies trying to convince me that they're really very green and, actually, always have been.

World Bank Group finances company involved in the illegal destruction of the Congo rainforest

Last edited 29 August 2007 at 2:40pm
29 August, 2007

The World Bank's International Finance Corporation (IFC) is financing a Singapore-based trading group, Olam International Ltd, which has been involved in trading illegal timber in the rainforest of the Democratic Republic of Congo (DRC). The world's 'local bank', HSBC, is also providing financial services to the company, in breach of its environmental policy. Olam is today expected to report much improved profits in its half yearly financial results.

How the World Bank and HSBC are investing in deforestation

Posted by jamie — 29 August 2007 at 1:53pm - Comments

Timber being sawn up in Bandundu province, DRC

Back in April, at the World Bank's spring meeting, there was much talk about the plight of the Congo rainforest. We'd just published a big report detailing how in the Democratic Republic of Congo (DRC) logging titles were being granted in breach of a moratorium that the bank had been instrumental in establishing. The report launch was so high profile, we were able to force DRC's rainforest high onto the agenda of the World Bank meeting and have also managed to secure another session at the upcoming autumn meeting.

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