New research released today finds that transforming the Royal Bank of Scotland into the Green Investment Bank would kick start the green energy revolution. The research, by former Pricewaterhouse Coopers consultant, James Leaton, finds that it would bring 50, 000 new green jobs a year, increase efficiency, reduce the UK's carbon emissions and improve international competitiveness - whilst not increasing the budget deficit.

It has recently been reported that amidst confusion and wrangling between George Osbourne and Vince Cable, the government may scrap plans to invest public money in a Green Investment Bank. Instead the government may rely on private capital to fund green projects such as wind farms, high-speed rail and electric cars.

The report was commissioned by pressure…read more

Activists from the London Camp for Climate Action and the UK Tar Sands Network attended the Annual International Bankers Conference [1] in London this morning to protest the Royal Bank of Scotland (RBS) using tax payers' money to finance destructive fossil fuel projects around the world.
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Vince Cable will oversee business and banking in the new UK government, which could signal good news for campaigners pushing for a clean-up of the financial sector. Campaign groups the World Development Movement, People & Planet and PLATFORM have been calling for a stop to reckless behaviour…read more