RBS annual results - Friends of the Earth Scotland comment
27 February 2013
Responding to the expected announcement by the Royal Bank of Scotland (RBS) of their annual results, Paul Daly, Corporate Accountability Campaigner at Friends of the Earth Scotland, said:
"When assessing the announcement by RBS of their annual results, we must remind ourselves that this is a publicly owned bank. RBS has been using our money to invest in environmentally devastating projects like the Canadian tar sands and removing mountain tops to access small reserves of coal. These crazy, climate-wrecking investments are symptomatic of the rot that has spread through our bank.
"It is time for RBS to disinvest in these projects, take bonuses off bankers and use our money to invest in renewable energy developments."
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2. Friends of the Earth Scotland is * Scotland’s leading environmental campaigning organisation * An independent Scottish charity with a network of thousands of supporters and active local groups across Scotland * Part of the largest grassroots environmental network in the world, uniting over 2 million supporters, 77 national member groups, and some 5,000 local activist groups - covering every continent. www.foe-scotland.org.uk