Thread by @money_rebellion, Climate breakdown. Oppression. Money laundering. Weapons.HSBC is making a killing.#RepairHarm #HSBC #FossilBanks [...]

Climate breakdown. Oppression. Money laundering. Weapons.

HSBC is making a killing.

#RepairHarm #HSBC #FossilBanks #MoneyRebellion

THREAD

'THIS IS AN ACT OF CARE'

This morning nine women broke windows at HSBC's Canary Wharf HQ

2/ http://xrb.link/Ql8bWb6k8yz

BREAKING: ‘This is an act of care’ - Extinction Rebellion women break windows at HSBC Canary Wharf...

At 7am on Thursday 22nd of April, the 51st year the world has marked Earth Day, nine women from Extinction Rebellion broke windows at the HSBC headquarters in Canary Wharf. The women wore patches...

http://xrb.link/Ql8bWb6k8yz

. @RAN found @HSBC has provided some of the world’s largest fossil fuel firms with £81 billion since the 2015 Paris Agreement

In 2020 alone, they gave @exxonmobil £2.5bn and @Shell £3.6bn – more than any year since Paris

3/ https://www.ran.org/bankingonclimatechaos2021/

Banking on Climate Chaos - Rainforest Action Network

Runaway funding for fossil fuel extraction and infrastructure fuels climate chaos and threatens the lives and livelihoods of millions. In the 5 years since the Paris Agreement, the world’s 60 biggest...

https://www.ran.org/bankingonclimatechaos2021/

And @HSBC is showing no sign of slowing down – fossil fuels are far too lucrative

They’re currently helping climate criminals @Chevron, @bp and @Total to frack on stolen Indiginous land in Argentina

4/

https://www.theguardian.com/environment/2019/oct/14/indigenous-mapuche-argentina-fracking-communities

In fact, @HSBC plans to pump money into fossil fuels for another three decades – a whole generation. They’re willing to sacrifice millions of lives to line their pockets to the max

5/ https://www.theguardian.com/environment/2018/dec/05/save-millions-of-lives-by-tackling-climate-change-says-world-health-organization

Save millions of lives by tackling climate change, says WHO

Global warming and fossil fuel pollution is already killing many, with the cost of action far lower than the benefits, UN climate summit told

https://www.theguardian.com/environment/2018/dec/05/save-millions-of-lives-by-tackling-climate-change-says-world-health-organization

In 2019 @HSBC was linked to finance with biodiversity risk to the tune of over $110bn

6/ https://portfolio.earth

Portfolio Earth | Bankrolling Extinction

Portfolio Earth looks at the banking sector’s role in the global biodiversity crisis and how they need to radically reduce their impact on nature.

https://portfolio.earth

The bank’s execs care almost as little about their workforce, announcing at least 35,000 job cuts last year

7/ https://www.bbc.com/news/business-53633550

Coronavirus: HSBC to speed up 35,000 job cuts as profits slump

Europe's biggest bank says it may cost up to $13bn to cover bad loans linked to the coronavirus.

https://www.bbc.com/news/business-53633550

As the world's local bank, @HSBC supports oppression across the globe. Whether it’s freezing the bank accounts of pro-democracy protestors in Hong Kong, investing in for-profit detention centres, or supporting the arms trade, this bank will profit from misery however it can

8/

. @HSBC also provides a world-class money laundering service

So good in fact that the Chief Executive overseeing the laundering of $881m of drug money was appointed to the House of Lords as an unelected life peer

9/ https://www.independent.co.uk/news/business/analysis-and-features/hsbc-drug-world-s-local-bank-8406737.html

HSBC: The drug world's local bank

It has a job on its hands to restore its reputation after having to pay a huge fine to settle a money-laundering probe

https://www.independent.co.uk/news/business/analysis-and-features/hsbc-drug-world-s-local-bank-8406737.html

Even the biggest laundering fine in history wasn’t enough to stop them. The FinCEN Files revealed @HSBC’s role in a $80m fraud and the laundering of over $900m from shell companies linked to criminal networks

10/ https://www.icij.org/investigations/fincen-files/hsbc-moved-vast-sums-of-dirty-money-after-paying-record-laundering-fine/

HSBC moved vast sums of dirty money after paying record laundering fine - ICIJ

FinCEN Files probe reveals Europe’s biggest bank aided massive Ponzi scheme while on probation over ties to drug kingpins.

https://www.icij.org/investigations/fincen-files/hsbc-moved-vast-sums-of-dirty-money-after-paying-record-laundering-fine/

HSBC must #ActNow to stop financing and enabling destruction

Wanna help us take on the twisted political economy that’s killing life on Earth?

Join #MoneyRebellion

11/ http://bit.ly/joinmoneyrebellion

XR Money Rebellion

It’s 2020. XRUK has been in rebellion demanding urgent action on the climate and ecological crisis for two years. But our government is still failing to keep us safe, while we cross deadly tipping...

http://bit.ly/joinmoneyrebellion

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