rbs legal challenge c4 news 30/06/09

The World Development Movement, PLATFORM and People & Planet have 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 to loans worth an estimated £10 billion in coal, oil and gas companies. Coal is the biggest source of carbon emissions globally, which contributes to dangerous climate change. The campaigners believe that by investing in RBS, the Treasury is in direct conflict with the government's legislation and policies to reduce carbon emissions and prevent dangerous climate change.

more info: http://www.carbonweb.org/showitem.asp?article=371&parent=39

Facebook group: http://www.facebook.com/home.php#/group.php?gid=2370015501&ref=ts

Category:

News & Politics

Tags:

• RBS
• environment
• platform
• climate
• change
• WDM
• people
• planet
• coal
• oil
• gas