Marketplace Morning Report – One big bank halts new fossil fuel investments. Will others follow?

Marketplace Morning Report – One big bank halts new fossil fuel investments. Will others follow?

Marketplace Morning Report – Dec.29, 2022 Europe has been dealing with an energy crisis for much of this year, but there’s been some recent good news on the climate front on the Continent. HSBC, Europe’s largest bank, announced this month it will stop investing in new oil and natural gas fields. “It’s a pretty big deal,” McKibben said in an interview with Marketplace’s Nova Safo as part of our Economic Pulse series. “It’s the first time that one of the members of the club of really big banks has bowed to public pressure.