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Banks need to clean up their green act

Before they benefit from any kind of bail-out, banks should commit to reducing their investment in fossil fuels. – This article was originally published at http://www.guardian.co.uk/commentisfree/2008/oct/08/fossilfuels.banks.   On the same day as it became apparent that RBS would need billions of pounds of taxpayers’ money to save it from collapse, the government’s climate change watchdog warned that we should...
BP and Shell: Rising Risks in Tar Sands Investment

BP and Shell: Rising Risks in Tar Sands Investment

This report details the range of existing and emerging risks that BP and Shell face from their expansion of production in the Canadian Tar Sands. We believe these risks are significant for BP and Shell shareholders and that investors should question the companies more deeply on their tar sands strategies, and call for greater transparency...
Cashing in on Coal - RBS, UK Banks and the Global Coal Industry

Cashing in on Coal – RBS, UK Banks and the Global Coal Industry

From concerns over air pollution and acid rain, to the recent rising awareness of carbon emissions and climate change, coal has been recognised as the dirtiest  and most inefficient fossil fuel option. Despite this, coal is experiencing a global boom, with corporations opening new mines and commissioning new power stations. High street banks are making...
The Oil & Gas Bank: RBS & the financing of climate change

The Oil & Gas Bank: RBS & the financing of climate change

The Royal Bank of Scotland is covering up involvement in carbon emissions greater than those of the whole country of Scotland. PLATFORM's report “The Oil & Gas Bank”reveals the extent to which RBS-NatWest is providing the financial fuel driving climate change. RBS is more "oil" than "royal", as the bank financing oil & gas extraction....