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What is Energy Democracy and how do we pay for it?

What is Energy Democracy and how do we pay for it?

To build energy democracy we need to break the control of corporations over our energy. Companies like BP and Shell and the Big Six play an enormous role in determining which fuels are used to generate energy, how much we pay for electricity, and where the profits go. These big companies work hard to convince...
The Arctic in New York - shareholders scrutinise Shell’s next move

The Arctic in New York – shareholders scrutinise Shell’s next move

Mika Minio-Paluello, Anna Galkina and James Marriott travelled in North America as part of a tour over September and October to promote The Oil Road – Journeys from the Caspian to the City of London. The eighth of a series of blogs on the journey comes from New York… It was Maurice Bridgeman who really...
The true story behind Channel 4's 'Secret State' - RBS's dirty deals

The true story behind Channel 4’s ‘Secret State’ – RBS’s dirty deals

Sometimes Platform is really late off the mark, but luckily a friend in Liverpool gave us a nudge.  Thanks Lena. WARNING – this blog post contains spoilers. Channel 4’s recent 4-part political thriller ‘Secret State’ has an oil and finance storyline, elements of which uncannily mirror some of Platform’s current and recent campaigns. The plot...
The Oil Road - Journeys from the Caspian Sea to the City of London

The Oil Road – Journeys from the Caspian Sea to the City of London

The new Paperback edition has a brand new Afterword… “★★★★★…The Oil Road opens the lid on the often-shady energy economy, weaving absorbing travel reportage into powerful investigative journalism…. If you want to know why oil matters, read this book.” – Time Out (book of the week) “An elegantly written travel book…will make you think the next...
Care about the climate? Move Your Money out of RBS/Natwest

Care about the climate? Move Your Money out of RBS/Natwest

Pinch and a punch, first day of the Move Your Money month! All over the country, people are cutting up their cash cards from the main big banks and shifting their cash to ethical banks, credit unions and building societies, as part of Move Your Money’s sustained campaign to get people to stop providing banks...

Fossil Fuel Finance

Finance, both as equity – shares in companies – and debt – loans to companies or specfic projects – is a fundamental part of the Carbon Web of institutions that support the international fossil fuel industry.  A shift away from fossil fuels will require a redirection of the flows of capital. The extraction of oil,...
A Bank for the Future: Maximising public investment in a low-carbon economy

A Bank for the Future: Maximising public investment in a low-carbon economy

The recent financial crisis cost the UK £129 billion in annual GDP and increased the structural deficit by £93 billion. The initial budget cuts announced by the coalition government demonstrate the pain this is causing to public services. The UK can't afford another meltdown, yet short term, high risk, carbon intensive investments are still business...

Should RBS get credit for going green?

CLIMATE change protesters are threatening direct action protests against the Royal Bank of Scotland over dealings with the oil industry. They say the bank invests more in the fossil fuel industry than any other in the UK and claim this is damaging the planet. The Government-owned bank, however, prides itself on its environmental record. The...

Royal Bank of Sustainability?

At the end of 2008, UK taxpayers became majority owners of the Royal Bank of Scotland, one of Britain’s largest banks. So, since we’ve paid for it, shouldn’t we have some say in how it is run? Kevin Smith, from the campaigning organisation Platform, puts the case – http://www.redpepper.org.uk/Royal-Bank-of-Sustainability/.   In the year since it was...
Towards a Royal Bank of Sustainability: protecting taxpayers' interests; cutting carbon risk

Towards a Royal Bank of Sustainability: protecting taxpayers’ interests; cutting carbon risk

This report has been commissioned by People & Planet, World Development Movement, Platform, Friends of the Earth Scotland, and BankTrack to investigate whether and how the Government should align its recent investment in the Royal Bank of Scotland (RBS) with social and environmental objectives, in particular to combat climate change. Although many of its recommendations...

Nationalised banks must go green

Environmental groups are suing the Treasury in an effort to ensure that RBS invests only in sustainable and ethical projects – This article was originally published at http://www.guardian.co.uk/commentisfree/2009/jun/30/rbs-nationalised-banks-green.   Since the banking crisis last year, RBS has remained firmly in the public eye as the most controversial bank in the UK. Beyond the populist pillorying of Fred Goodwin’s...

The Oil and Gas Bank

The Royal Bank of Scotland has long ploughed money into fossil fuels – but now we own it, shouldn’t it stop? Kevin Smith looks at the campaign to get the bank to take responsibility for climate damage. First published at http://www.redpepper.org.uk/The-oil-and-gas-bank/ by Kevin Smith. One of the main causes of the current banking crisis has been the...