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RBS 28th April – Public Shareholder Meeting: Because It’s Our Bank Now

Posted by Jeni on 26 April 2010

Since the Government bailout of the Royal Bank of Scotland in 2008, UK taxpayers now own an 84% share. Yet the Government is ignoring its own guidance by allowing RBS to continue using our money to finance projects and companies who actively ignore and exacerbate the dangers of climate change and human rights abuses, for short term profit.

RBS is holding its Annual General Meeting in Edinburgh on 28th April 2010.  But we are not invited, despite being the majority shareholder. We want RBS to listen to the public, so we are holding an RBS Public Shareholder Meeting at the Mercure Point Hotel, Bread St, Edinburgh at 6:00pm, on the same day, which anyone can attend.

The event will be chaired by Sunday Herald environment correspondent, Rob Edwards; we’ll have inspirational speakers representing indigenous communities around the world who are suffering the direct effects of RBS’s dirty investments, as well as representatives of the renewables industry that RBS currently underfunds:

Speakers:

  • ERIEL TCHEKWIE DERANGER, First Nations tribe member from Canada
  • SIMON CHAMBERS, Documentary-maker and campaigner
  • RICHARD GAULD, Founder and MD of Orkney Sustainable Energy
  • KEVIN SMITH, Climate & Finance Campaigner, PLATFORM

We want you – the public owners of RBS – to submit your own Motions for discussion.  Send us your suggestions for how RBS could become the Royal Bank of Sustainability and how you’d like to see your money invested for good.  We’ll vote on the motions at the meeting and send the winning ones to the UK Government and the Board of RBS. Read motions submitted so far here.

This event is organised by SEAD  Amnesty International Scotland, Friends of the Earth Scotland, People & Planet, Platform and the World Development Movement.

The event is free and open to everyone, but please register below if you want to come along.

If you want to get further involved on the day why not join the ‘public shareholders’ protest outside the RBS AGM (12 noon, Edinburgh International Conference Centre). Wear your smart suit; we are now shareholders after all! Find out more.

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