On a global level, Friends of the Earth campaigns for corporate accountability, demonstrating the damaging effects that businesses can have when they act recklessly and with disregard to the environment, citizens and established regulation.
In the media there is a never ending stream of revelations about our banking institutions, businesses and those in power. While these are continually shocking they serve as a good reminder that we now, more than ever, require moderation of corporations and institutions. Left unchecked they may plunder our planet of resources that are increasingly more scarse.
In Scotland we have a long established and well respected history of banking and business. But with this legacy comes a great deal of responsibility; our institutions hold a great deal of power and influence across the globe.
Our Corporate Accountability campaign focusses on two Scottish companies:
Cairn Logo Cairn have a varied portfolio of oil exploration and extraction on their books, as well as a dubious past with regard to spills and human rights violations across the globe. We are currently concerned about Cairn's exploration for marginal oil in the Arctic. This is a sensitive environment - if there was an oil spill there it would have disastrous and far reaching consequences.
RBS RBS is one of Scotland's biggest corporations and a massive player in the world of banking. Since the Government's bail out of the banks, it is 81% owned by the British tax payer. We feel that the UK public should have a say in the investment choices it makes. Currently RBS is investing in Canadian tar sands, which have been called the 'most destructive project on earth'.