HSBC shareholders vote to end coal financing in 99% landslide

One of Europe's top banks commits to phase-out by 2040, aligning with Paris Agreement

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The Belchatow power station in Poland: After a shareholder vote, HSBC will join a growing movement against financing coal power projects. © Reuters

RHYANNON BARTLETT-IMADEGAWA and NARAYANAN SOMASUNDARAM, Nikkei staff writers

LONDON/HONG KONG -- HSBC shareholders overwhelmingly voted to phase out coal financing by 2040 and align the bank's lending with Paris Agreement climate goals

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