Britain’s biggest domestic bank Lloyds, recently announced that it is no longer directly financing new oil and gas projects. 

It came after campaigners voiced concerns about how banks are helping to lock in climate-damaging emissions. They welcomed the move from Lloyds and called on other banks to follow suit. 

HSBC has recently had misleading climate ads it ran before COP26 banned by the UK’s advertising watchdog. It said that any future campaigns must disclose the bank’s contributions to climate change. 

It shows that it can be hard to know how your bank may be contributing to the climate crisis – there’s no simple answer. But there are tools out there that could help in your search for a less environmentally damaging place to store your money. 

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