‘Dirty Money – Corporate greenwash and RBS coal finance’ takes the case of the Royal Bank of Scotland, an international bank with interests across the fossil fuel sector that is promoting itself as a genuine actor in climate change efforts. RBS is the UK high street bank that has been most heavily involved in financing the hydrocarbon industry. It is sponsoring Climate Week, a nation-wide event involving hundreds of organisations around the country that is undermined by sponsorship from RBS.
In the years from 2008 to 2010 inclusive, RBS was involved in providing finance worth almost €8 billion to companies listed in the world’s 20 biggest operators of coal mines and generators of coal-based electricity.
See http://blog.platformlondon.org/content/new-report-released-today-rbs-coal-finance-launch-day-rbs-sponsored-climate-week.