Last November’s £25 billion cash injection deemed ‘unlawful’ by campaigners Treasury’s intervention in bankers’ bonuses strengthens campaigners case Three pressure groups today served the Treasury with their application to the High Court, challenging last November’s decision to provide a further £25 billion of public money to the Royal Bank of Scotland. According to the Treasury’s…

A year ago, the British public became the majority shareholder in the Royal Bank of Scotland and to make this inauspicious anniversary, this weekend 40 leading figures including environmental and anti poverty campaigners, faith groups, trade unions, academia, MPs and the author Iain Banks have written to Alistair Darling to call on him to transform RBS into…

A High Court judge today blocked a request for permission to hold a Judicial Review over what campaigners say is the Treasury’s lack of adequate environmental and human rights consideration of Royal Bank of Scotland’s investments. Campaigners from the World Development Movement, PLATFORM and People & Planet, who brought the case against the Treasury expressed…

Today, an unprecedented legal battle will take place in the High Court over the Treasury’s failure to stop the publicly owned Royal Bank of Scotland (RBS) investing in what campaigners describe as ‘some of the most environmentally damaging and socially irresponsible projects and companies around.’ The case is being brought by three small climate and…

The World Development Movement, PLATFORM and People & Planet have today launched legal action against the Treasury for allowing public money, poured into the Royal Bank of Scotland to be invested in energy companies, and projects linked to climate change and human rights violations. Since RBS was bailed out in October 2008, it has contributed…

The Royal Bank of Scotland is intimately involved in controversial oil projects from Africa to the Arctic, according to new research published today, Monday 12 March 2007.[1] As the government prepares to publish its draft Climate Change Bill, the report “The Oil & Gas Bank” reveals the extent to which RBS-NatWest is providing the financial…