Nr. dodgy deals
‘Clean the banks’ campaigners hopeful for Vince Cable backing on RBS and finance sector demands
United Kingdom, May 12 2010
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 by the banks even before the financial crisis began. Recently they have organised high profile protests targeting the use of taxpayers' money by the Royal Bank of Scotland to finance high-impact oil and gas extraction, including tar sands operations, which are having devastating impacts on indigenous communities in Canada and on the climate.
Doane, director of the World Development Movement said:
director of People & Planet said:
They are also encouraged by the senior Lib Dem MP's plans to launch a green investment bank, and hopeful that he will drive forward plans to raise money through a tax on speculative bank transactions.
co-director of PLATFORM said:
Kate Blagojevic, Press Officer World Development Movement
020 7820 4913
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