The Oil Bank of Scotland: RBS exposed as massive coal funders
Posted by Admin on 28 October 2008
The RBS was recently shamed as the coal industry’s biggest UK backer, putting up a massive $15.93 billion for new coal projects in the last two years. The bank was exposed in the report Cashing in on Coal, produced by a group of environmental organisations led by Platform and including SEAD and Friends of the Earth Scotland. They are are calling for a consumer-led campaign to pressure the bank into changing their funding policy.
Platform, the environmental organisation spearheading the Oil Bank of Scotland Campaign, are collecting email addresses of the bank’s customers to carry out a coordinated online campaign. They stress that customers of the bank shouldn’t feel guilty about their membership of RBS, rather they should use their consumer power to ask the bank to change the projects they fund and become more environmentally aware. Other ideas for action that could help bring community members together under this common cause include: petitions, meeting with bank managers en masse, demonstrations and letter writing campaigns. For copies of the report Cashing in on Coal contact [email protected], and for more information on the Oil Bank of Scotland campaign, and Platform’s demands visit http://www.oyalbankofscotland.com