ROYAL BANK OF SCOTLAND

A little local action in Brixton?

October 15th:
NATIONAL DAY OF ACTION AGAINST ROYAL BANK OF SCOTLAND

 

RBS provides oil companies with the cash to build and operate drilling rigs, pipelines and oil tankers. And through Aviation Capital, RBS help
airlines to launch ever more planes ? and carbon emissions ? into the
skies. From the Niger Delta to the Arctic, from the North Sea to the
Middle East, RBS loans play a key role in forcing open the new carbon
frontier, which contributes to environmental destruction
disruption of indigenous peoples and increased conflict across the planet.

RBS: FINANCING CLIMATE CHANGE

RBS is the second-largest bank in Europe and has global assets of over
$1120 billion, including UK brands NatWest, Direct Line and Churchill
Insurance. Despite creating a heavily greenwashed public image through
sponsorship of sports and the arts, RBS activities have major destructive
impacts on the environment and society. The thirty oil and gas finance
deals RBS signed between 2001 and 2006 locked us all into 655 million
tonnes of emissions over the next 15 years, more than the UK?s entire
annual emissions.

The financial institutions funneling cash into fossil fuel projects have
stood in the shadows for far too long. They may be many miles removed from
oil rigs and runways, safely ensconced in shiny glass towers, but if the
profit motive is at the heart of the climate crisis, the banks are as
culpable as the oil and airline industries. On 15th October, it?s time to
switch our spotlight onto one of the biggest climate criminals of all:
RBS, the leading financier of climate change.
 

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