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HSBC cause climate breakdown, profit from racist detention centres and fund weapons.
Their ads tell a different story - of social justice, sustainability and diversity. Ads are their only commitment to these values.
So we replaced them
1/
#FossilBanks #BigBankBullshit
Their ads tell a different story - of social justice, sustainability and diversity. Ads are their only commitment to these values.
So we replaced them
1/#FossilBanks #BigBankBullshit
For one, whatever their latest 'net zero ambition' statements, HSBC cause climate breakdown.
Since the Paris Agreement, HSBC have pumped $87Bn into fossil fuel companies, making them the second largest financier of fossil fuels in Europe! 2/
Since the Paris Agreement, HSBC have pumped $87Bn into fossil fuel companies, making them the second largest financier of fossil fuels in Europe! 2/
While they use their support for @BritishCycling to launder their reputation, and make themselves seem like they understand the climate emergency - they don't.
They even sunk $1.8 Bn into fossil fuel projects in the 4 months before their #NotZero Announcement last month!
They even sunk $1.8 Bn into fossil fuel projects in the 4 months before their #NotZero Announcement last month!
But it's important to note that @HSBC's dodgy deals go way beyond climate breakdown. Deadly fossil finance just reflects the broader contempt they have for human life.
For example, they invest huge sums in racist detention centres and private prisons: https://www.ethicalconsumer.org/money-finance/financing-racism-us-private-prisons
For example, they invest huge sums in racist detention centres and private prisons: https://www.ethicalconsumer.org/money-finance/financing-racism-us-private-prisons
As this work's creator artist @tamarajadekaz said 1/2
'HSBC's announcement that they intend to double the amount black staff in senior roles by 2025 is just an attempt at sticking a plaster on a longstanding wound. (cont in next tweet)
'HSBC's announcement that they intend to double the amount black staff in senior roles by 2025 is just an attempt at sticking a plaster on a longstanding wound. (cont in next tweet)
'HSBC can't align with Black Lives Matter when they invest in detention centres and private prisons. These are arenas where state violence against black people is played out. More black faces in board rooms does nothing to mitigate the racial injustice banks like HSBC perpetuate.
HSBC's current funding is a continuation of the climate colonialism that came before.
As this piece's artist, @RudyLoewe says: “The image I created reflects the resistance by local communities in Mozambique against climate colonialism. (cont next tweet)
As this piece's artist, @RudyLoewe says: “The image I created reflects the resistance by local communities in Mozambique against climate colonialism. (cont next tweet)
'as HSBC attempts to brand itself for local communities and 'heroes', they are complicit in the destruction of communities around the world. Local communities in Mozambique and around the world, are fighting against climate colonialism and that is who we should be supporting' 
As Rudy's quote and amazing artwork suggests, for this project, we're keen to amplify a current site battle against climate colonialism in Cabo Delgado, Mozambique, as this artwork by @SoofiyaC illustrates:
Anabela Lemos from @JA4change, said: If HSBC invests in the gas industry in Mozambique, it is just as responsible as the extractive companies for the irreversibly destructive impact on communities. Companies like Total, Eni and Exxon are only able to construct this type {...}
{...}of project, and step on thousands of communities, kicking them out of their homes and territories, destroying their livelihoods, their cultures, and their rights, and stealing their future because irresponsible financiers like HSBC make it possible... https://tinyurl.com/y249cysg
MZ has an extremely corrupt government-by investing in it, HSBC shows that they are as corrupt. For a country to be corrupt it needs powerful companies & banks that corrupt them. HSBC's a direct part & beneficiary, rewarding and enabling the gvmt & companies to act with impunity'
Thanks to @JA4change for their work, and to all groups working on the frontline of extraction. There's a lot of work to be done for climate activists in the West, and we're by no means perfect. With these kinds of actions for climate justice, we need to start with solidarity.
Not content with funding climate breakdown, and profiting from racist detention centres and private prisons, HSBC also funds arms production.
See here for more: https://caat.org.uk/resources/companies/bae-systems/
See here for more: https://caat.org.uk/resources/companies/bae-systems/
In total, we installed over 200 artworks across the UK, with local groups stepping forward to coordinate their call out.
Thanks to all of those, and to all our artists for making this possible with your inspiring pieces.
Love to all during this time
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Thanks to all of those, and to all our artists for making this possible with your inspiring pieces.
Love to all during this time
END/
