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Pin to quick picksHSBC Holdings Share News (HSBA)

Share Price Information for HSBC Holdings (HSBA)

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Share Price: 705.50
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UPDATE 3-Activists dump fake coal outside Lloyd's of London in fossil fuel protest

Fri, 23rd Apr 2021 07:29

* Activists protest outside Lloyd's of London

* Activists says Lloyd's insures fossil fuel mining

* Particular anger over huge Australian coal mine

* Lloyd's says it is moving toward more sustainable market
(Adds Lloyd's comment)

By Natalie Thomas and Henry Nicholls

LONDON, April 23 (Reuters) - Climate activists dumped fake
coal outside Lloyd's of London's headquarters on Friday,
targeting the global insurer in a protest against the industry's
backing for major fossil fuel mining projects including a giant
mine in Australia.

Activists from the Extinction Rebellion group unfurled
banners with slogans including "Climate Criminals" and dumped
the blackened boulders in the road outside the building on Lime
Street in the heart of the City of London.

The group said that Lloyd's facilitated the fossil fuel
industry.

"The dumped coal highlighted Lloyd's support for the most
polluting projects – tar sands and coal mines," notably Adani
Enterprises' giant Carmichael thermal coal mine in
Australia, Extinction Rebellion said in a statement.

Lloyd's, the world's leading insurance and reinsurance
marketplace, said it was committed to accelerating its
transition towards "a more sustainable insurance and reinsurance
marketplace".

"We are actively involved in constructive engagement on the
issue of climate change and continue to explore the ways in
which Lloyd’s can support a responsible transition," a Lloyd’s
spokesman said.

Some major Lloyd's insurers have ruled out insuring the
Carmichael mine, from which Adani plans to start producing 10
million tonnes of coal per year from 2021.

Lloyd's has asked members to stop providing new insurance
cover for thermal coal, oil sands, or new Arctic energy
exploration from Jan. 1, 2022, with a target of 2030 to phase
out the renewal of existing cover.

Extinction Rebellion wants to prompt a wider revolt against
the world's political, economic and social structures to avert
the worst scenarios of devastation outlined by scientists
studying climate change.

Activists from the group smashed the window frontage of
HSBC's headquarters in Canary Wharf on Thursday and two
weeks ago shattered windows at Barclays.

On Thursday, the United States and other major
industrialised countries hiked their targets for slashing
greenhouse gas emissions at an Earth Day global climate summit
hosted by President Joe Biden.

(Reporting by Natalie Thomas, Henry Nicholls and Carolyn Cohn
Writing by Guy Faulconbridge
Editing by Alistair Smout, John Stonestreet and Frances Kerry)

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2 May 2024 13:49

UK dividends calendar - next 7 days

Friday 3 May 
Anglo American PLCdividend payment date
Beazley PLCdividend payment date
BP Marsh & Partners PLCdividend payment date
CT UK High Income Trust PLCdividend payment date
CT UK High Income Trust PLC - Class Bdividend payment date
European Smaller Cos Trust PLCdividend payment date
Glanbia PLCdividend payment date
Hikma Pharmaceuticals PLCdividend payment date
i3 Energy PLCdividend payment date
Marble Point Loan Financing Ltddividend payment date
Maven Income & Growth VCT 3 PLCdividend payment date
Maven Income & Growth VCT 5 PLCdividend payment date
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Pearson PLCdividend payment date
Segro PLCdividend payment date
Synectics PLCdividend payment date
TwentyFour Income Fund Ltddividend payment date
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Monday 6 May 
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Tuesday 7 May 
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Nexus Infrastructure PLCdividend payment date
Pebble Group PLCdividend payment date
Pinewood Technologies Group PLCspecial dividend payment date
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Wednesday 8 May 
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Thursday 9 May 
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AG Barr PLCex-dividend payment date
Aurora Investment Trust PLCex-dividend payment date
Balanced Commercial Property Trust Ltdex-dividend payment date
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Coca-Cola Europacific Partners PLCex-dividend payment date
Custodian Property Income REIT PLCex-dividend payment date
CVC Income & Growth Ltd EUROex-dividend payment date
CVC Income & Growth Ltd GBPex-dividend payment date
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JPMorgan Global Core Real Assets Ltdex-dividend payment date
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Comments and questions to newsroom@alliancenews.com
  
A full 14-day events calendar is provided each day with a subscription to Alliance News UK Professional.
  
Copyright 2024 Alliance News Ltd. All Rights Reserved.

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*

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*

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