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 Sands [...]
Bloody oil: the struggle against the Tar Sands
Three indigenous women from Canada are visiting the United Kingdom and Ireland conducting a 10-day tour to raise awareness about the Alberta Tar Sands. Dubbed ‘the most destructive project on earth’, the Tar Sands are devastating indigenous communities and driving global climate change. British companies such as BP, Shell and the Royal Bank of Scotland [...]
Bank bailout with no strings attached
If you had £54bn, what would you do with it? How about lending some to a hard-up extractive company scrambling for oil in the civil-war ravaged Congo? Or maybe backing a few climate-wrecking coal power plants? Or, if that gets boring, how about supporting a mining company with plans to blast a sacred mountain that [...]
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 [...]
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