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First Nations protest tar sands investment at Royal Bank of Scotland AGM
Canadian First Nations representatives to voice opposition in person at RBS AGM New research shows that, since public bail-out in 2008, RBS has raised more than ÂŁ5.6 billion for companies involved in controversial Canadian tar sands projects, ÂŁ2.2 billion of which was in the last twelve months Representatives from some of Canada’s First Nations are…
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Campaigners condemn link between public money and Cairn’s Arctic drilling
RBS provided loan to oil company one month before it acquired rig for arctic drilling Joint press release from PLATFORM, Friends of the Earth Scotland and the World Development Movement A coalition of environmental and social justice organisations in the UK are condemning the use of public money, through 83% publicly owned RBS, to provide…
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Transforming RBS into “Green Investment Bank” could create 50,000 green jobs
Transforming the Royal Bank of Scotland into the Green Investment Bank would kick start the green energy revolution. The research, by former PricewaterhouseCoopers consultant, James Leaton, finds that it would bring 50, 000 new green jobs a year, increase efficiency, reduce the UK’s carbon emissions and improve international competitiveness – whilst not increasing the budget…
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Unprecedented coalition from the arts condemns BP-sponsorship of the Tate
171 figures from the arts sign letter on the day Tate celebrates 20 years of BP funding A letter today was published in the Guardian today signed by 171 figures from the art world condemning BP’s sponsorship of cultural institutions in the UK. The letter has been published on the day that Tate Britain is…
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Taxpayers’ money involved in financing controversial tar sands companies
New report exposes RBS involvement in Canada’s “blood oil” Bank executives meet in Toronto and discuss concerns about public backlash over involvement in tar sands Environmental and development groups announce a week of protest around the RBS AGM in April over the bank’s tar sands investments It’s been revealed that RBS have been involved in…
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New legal action over latest RBS bail out
Last November’s ÂŁ25 billion cash injection deemed ‘unlawful’ by campaigners Treasury’s intervention in bankers’ bonuses strengthens campaigners case Three pressure groups today served the Treasury with their application to the High Court, challenging last November’s decision to provide a further ÂŁ25 billion of public money to the Royal Bank of Scotland. According to the Treasury’s…
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RBS – publicly owned for one year: where’s our money gone?
A year ago, the British public became the majority shareholder in the Royal Bank of Scotland and to make this inauspicious anniversary, this weekend 40 leading figures including environmental and anti poverty campaigners, faith groups, trade unions, academia, MPs and the author Iain Banks have written to Alistair Darling to call on him to transform RBS into…
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High Court decision: Treasury can ignore climate change and human rights in RBS’ investments
A High Court judge today blocked a request for permission to hold a Judicial Review over what campaigners say is the Treasury’s lack of adequate environmental and human rights consideration of Royal Bank of Scotland’s investments. Campaigners from the World Development Movement, PLATFORM and People & Planet, who brought the case against the Treasury expressed…
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Unprecedented legal battle over RBS’ unethical investments
Today, an unprecedented legal battle will take place in the High Court over the Treasury’s failure to stop the publicly owned Royal Bank of Scotland (RBS) investing in what campaigners describe as ‘some of the most environmentally damaging and socially irresponsible projects and companies around.’ The case is being brought by three small climate and…
