Today, shareholders will be attending the AGM of Vedanta Resources, a UK-listed mining company whose operations in Orissa, India, have been the subject of international criticism. An existing alumina factory at the foot of the …
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Question over funds for investment in Vedanta
Shell, RBS challenged over tarsands
Shell: investor campaigners strike blow on tar sands
Shareholders have fired another warning shot across the bows of an oil major with just under 11% of shareholder votes at today’s annual general meeting of oil …
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Actions against RBS
Week of action against RBS
Publicly-owned bank RBS was targeted last week for, among other things, its investments in coal, oil, tarsands and UK-registered mining company Vedanta. The company’s AGM was held in Edinburgh on …
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Audit Committee quizzes Treasury body on banks’ lending practices
British MPs have criticised the organisation responsible for managing government stakes in banks for financing climate change. The lending practices of the Royal Bank of Scotland (RBS) conflict with wider government objectives on climate change, …
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Money spent on tar sands projects could decarbonise western economies
The £250bn cost of developing Canada’s controversial tar sands between now and 2025 could be used to decarbonise the western economy by funding ambitious solar power schemes in the Sahara or a European wide shift …
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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 …
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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 …
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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 …
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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 …
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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 …
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