But one thing I realised again and again these past few days was quite the extent to which the RBS top dogs – and consequently the police – were frightened. – Sophie
RBS has blood on its hands. The tar sands extraction project in Alberta, Canada, is by all accounts (and that includes figures inside the business) the most carbon-intensive project we have ever come up with as a species. It is leaving a UK-sized hole that looks like Tolkien’s Mordor, full of poisonous tailing-ponds, in the Canadian wilderness. – Sophie
Concerted action to tackle climate change will happen only if the public demands it for the sake of future generations. – James Hansen
The Royal Bank of Scotland was exposed as rotten to the core when it speculated in the sub-prime market, almost brought down the banking system and had to be bailed out with billions of pounds of taxpayers money. This had a knock on effect of causing the economy to collapse and creating a mountain of public debt, for which we are all paying, especially the poor, with savage cuts to public services.
The bank is now accountable, is investing in small businesses the engines of any economic recovery, is helping to finance new and growing green and sustainable businesses which everyone recognises as the future?
Err no.
€2.3 billion has been invested in tars sands extraction in Canada.
RBS is investing in brutal resource wars in Africa. $100 million to Tullow Oil for drilling on the border between Congo and Uganda. So far 15 million people have been killed in the resource wars between these two countries. Tullow Oil together with their partners Heritage Oil have been arming both sides in the conflict.
RBS is financing Cain Oil to drill in the Arctic. The CEO of Cain welcomes global warming as more ice melts giving access to more oil.
RBS is Europe’s biggest financier of fossil fuel exaction accounting for 3% of global carbon emission, greater than the UK total carbon emission.
The People own the bank. They make the effort to recycle, walk not drive, use the car less, turn down the heating, insulate their homes, maybe not take that foreign holiday they were looking forward to, buy a greener car. All of which is to nought because of the actions of a bank that they own.
also see
Yes, we broke the law as climate change activists. And this is why
Am I an activist for caring about my grandchildren’s future? I guess I am
New Study Links Toxic Pollutants to Canadian Oil Sands Mining
Oil sands polluting Alberta river system
Climate Camp vs RBS – We’ve arrived
Ribs the Trojan Pig makes a mess at Cairn Energy
Tags: Climate Camp, climate change, energy, global warming, oil, pollution, RBS, tar sands
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