HSBC – the fracker’s local bank

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Saturday 11th October was the Global Frackdown Day.

We paid a visit to the Huddersfield branch of HSBC to draw attention to HSBC’s role in financing fracking in the UK, Algeria and the US.

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We displayed Frack Off London’s wonderful ‘subvertised’ image of the HSBC logo and strapline and distributed Friends of the Earth ‘The Fracking Word is a dirty word’ fliers – customised with additional information about HSBC’s role. We even offered one to the member of staff who came out to look at us but she wouldn’t accept it and dashed back inside!

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We wanted to highlight the fact that fracking wouldn’t be possible without the money and support of the banks. HSBC – the fracker’s local bank – not only provides banking services for Cuadrilla, but funds fracking around the worldIn Algeria, they are helping bring this water intensive process to the Sahara.  In the US, they are underwriting the BG Group which is responsible for fracking in large parts of the country.

On Saturday, people across the country – including those involved with Reclaim the Power and London Frack Off – targeted HSBC, ‘The fracker’s local bank’.

 

For photos and videos of the London demonstration see https://www.facebook.com/FrackOffLondon

To find out more about fracking and HSBC (including a useful factsheet) please see http://frackofflondon.wordpress.com/

Have a look at World Development Movement’s ‘fracking web of power’ infographic on the ways in which UK fracking is linked with the worlds of finance and politics here http://www.wdm.org.uk/fracking/

For more information on how our campaigning against fracking links with the rest of our ‘Keep Them in the Ground’ campaign please see https://kirkleescampaignagainstclimatechange.wordpress.com/campaigns/

 

 

 

Search tag: Keep*in*ground, Keep them in the ground

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