New PLATFORM report reveals RBS is UK bank most involved in financing loans to tar sands companies
Tar sands extraction in Canada is devastating Indigenous communities, wildlife and vast areas of boreal forests, as well as being many times more carbon-intensive to produce than ‘conventional’ oil. “We are seeing a terrifyingly high rate of cancer in Fort Chipewyan where I live. We are convinced that these cancers are linked to the Tar [...]
Landmark case against Treasury chucked out
Campaigners have reacted angrily after a court case which saw the Treasury accused of breaking its own rules on the spending of public money when buying the Royal Bank of Scotland (RBS) was thrown out of court. The case, which sought a judicial review over claims that investing in RBS broke government promises to combat [...]
Treasury taken to court for RBS loans to Vedanta Resources, GCM
Ministers face embarrassment in the high court when the Treasury is forced to explain why the state-owned Royal Bank of Scotland has been lending money to the controversial mining firm Vedanta Resources, whose activities have been criticised by another government department. The legal battle will highlight the financial support being given by the bank to [...]
UK Treasury in court fight over RBS investments
The Treasury faces a potentially embarrassing court battle in October over its alleged failure to impose minimum environmental and human-rights standards on investments made by Royal Bank of Scotland, the state-owned lender. Three campaign groups – World Development Movement (WDM), Platform and People & Planet – have won a full hearing over whether the Treasury [...]
