The World Development Movement, PLATFORM and People & Planet have today launched legal action against the Treasury for allowing public money, poured into the Royal Bank of Scotland to be invested in energy companies, and projects linked to climate change and human rights violations.

Since RBS was bailed out in October 2008, it has contributed to loans worth an estimated £10 billion in coal, oil and gas companies. Coal is the biggest source of carbon emissions globally, which contributes to dangerous climate change. The campaigners believe that by investing in RBS, the Treasury is in direct conflict with the government's legislation and policies to reduce carbon emissions and prevent dangerous climate change.

Campagna per la Riforma della Banca Mundiale (Italy), Friends of the Earth (France), Netwerk Vlaanderen (Belgium), Platform (UK), SETEM (Spain) and Urgewald (Germany) expose investments in harmful practices and companies of thirteen large European banks in this new…read more

Germany, Austria and Switzerland will withdraw their export credit guarantees for the highly controversial Ilisu dam project in Turkey by July 6th, as the German daily Frankfurter Rundschau Online reported on Friday. This is an unprecedented step in the history of export…read more