If you still do your banking at HSBC (otherwise known as The Hongkong and Shanghai Banking Corporation), perhaps it’s time you didn’t. We think it’s time to “divest” from doing business with, and putting your money in this anti-fossil fuel organization. The so-called Climate Change section of HSBC recently circulated a note to investors (copy below) telling them they should divest from fossil fuel companies and if they don’t, they “may one day be seen to be late movers, on ‘the wrong side of history'”. We’d like to make a little history ourselves. If you have your checking and savings account with HSBC, personal or commercial, why not move it now? Don’t be a “late mover” or you may not get your money once the stampede to divest from HSBC begins…
