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Article

6 Dec 2004

Author:
BBC News

HSBC bank to go carbon neutral

Starting in 2005, [HSBC] will plant trees, reduce energy use, buy green electricity and trade carbon credits to cut carbon dioxode flows..."Becoming carbon neutral is great and we thoroughly support many of the steps HSBC is taking, " said Doug Parr, Greenpeace's chief scientist in the UK. "But planting trees is of questionable benefit: what if there is a forest fire?" [also refers to Swiss Re]