Ariadne<p>" <a href="https://climatejustice.social/tags/HSBC" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#<span>HSBC</span></a> and <a href="https://climatejustice.social/tags/NatWest" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#<span>NatWest</span></a> accused of financing <a href="https://climatejustice.social/tags/NorthSea" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#<span>NorthSea</span></a> <a href="https://climatejustice.social/tags/oil" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#<span>oil</span></a> <a href="https://climatejustice.social/tags/extraction" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#<span>extraction</span></a> despite pledge<br>Two major <a href="https://climatejustice.social/tags/UK" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#<span>UK</span></a> high street <a href="https://climatejustice.social/tags/banks" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#<span>banks</span></a> have been accused of continuing to finance <a href="https://climatejustice.social/tags/FossilFuel" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#<span>FossilFuel</span></a> expansion in the North Sea despite signing a pledge to align their activities with the net zero <a href="https://climatejustice.social/tags/climate" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#<span>climate</span></a> goal.</p><p>HSBC and NatWest have provided tens of millions in finance to <a href="https://climatejustice.social/tags/Ithaca" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#<span>Ithaca</span></a> Energy, a <a href="https://climatejustice.social/tags/British" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#<span>British</span></a> oil and <a href="https://climatejustice.social/tags/gas" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#<span>gas</span></a> company that is playing a key role in plans to exploit the controversial <a href="https://climatejustice.social/tags/Rosebank" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#<span>Rosebank</span></a> oilfield north-west of the <a href="https://climatejustice.social/tags/Shetland" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#<span>Shetland</span></a> Islands. Another high street bank, <a href="https://climatejustice.social/tags/Lloyds" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#<span>Lloyds</span></a>, also provided finance but has since sold down the debt.</p><p>A group of more than 80 organisations including <a href="https://climatejustice.social/tags/GlobalWitness" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#<span>GlobalWitness</span></a>, <a href="https://climatejustice.social/tags/Greenpeace" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#<span>Greenpeace</span></a> and the <a href="https://climatejustice.social/tags/RainforestActionNetwork" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#<span>RainforestActionNetwork</span></a> have written to the banks’ chief executives calling on them to cease funding Ithaca and to end their relationship with the company." </p><p><a href="https://www.theguardian.com/business/2024/mar/22/hsbc-and-natwest-accused-of-financing-north-sea-oil-extraction-despite-pledge" rel="nofollow noopener noreferrer" translate="no" target="_blank"><span class="invisible">https://www.</span><span class="ellipsis">theguardian.com/business/2024/</span><span class="invisible">mar/22/hsbc-and-natwest-accused-of-financing-north-sea-oil-extraction-despite-pledge</span></a></p><p><a href="https://climatejustice.social/tags/FossilFuels" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#<span>FossilFuels</span></a> <a href="https://climatejustice.social/tags/Capitalism" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#<span>Capitalism</span></a> <a href="https://climatejustice.social/tags/UKPolitics" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#<span>UKPolitics</span></a> <a href="https://climatejustice.social/tags/UK" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#<span>UK</span></a> <a href="https://climatejustice.social/tags/Carbon" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#<span>Carbon</span></a> <a href="https://climatejustice.social/tags/CO2" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#<span>CO2</span></a> <a href="https://climatejustice.social/tags/ClimateCrisis" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#<span>ClimateCrisis</span></a> <a href="https://climatejustice.social/tags/ClimateChange" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#<span>ClimateChange</span></a> <a href="https://climatejustice.social/tags/Klima" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#<span>Klima</span></a> <a href="https://climatejustice.social/tags/Klimakrise" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#<span>Klimakrise</span></a> <a href="https://climatejustice.social/tags/GlobalWarming" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#<span>GlobalWarming</span></a> <a href="https://climatejustice.social/tags/ClimateChange" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#<span>ClimateChange</span></a></p>