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Milieudefensie (Friends of the Earth Netherlands) and Friends of the Earth Europe have filed a complaint with the Organization for Economic Cooperation and Development against the Dutch Rabobank. The complaint focuses on multiple loans from Rabobank to the Indonesian palm oil company Bumitama. The company is accused of managing an illegal palm oil plantation and of… read more >> | share >>
Protestors will target RBS at its AGM in Edinburgh on Wednesday, demanding that the bank pull its money out of coal. Protestors dressed as bankers will hand out lumps of coal disguised as luxury chocolates - fossil rochers - while others will hold placards reading ‘RBS out of coal'.
RBS invests more in coal mining worldwide than any other UK… read more >> | share >>
In yet another sign of major international banks' growing unwillingness to fund coal terminal projects that threaten the iconic Great Barrier Reef, Royal Bank of Scotland last night joined Deutsche Bank and HSBC in publicly ruling out financing of the controversial Abbot Point coal terminal near Bowen, Queensland. The terminal will export coal from the nine mega coal… read more >> | share >>