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 […]
Platform [1], UK Tar Sands Network [2] and the Indigenous Environmental Network [3] have revealed that in the past year the Royal Bank of Scotland underwrote bonds worth $131.25 million [4] for controversial Canadian tar sands pipeline company Enbridge Energy Partners [5]. At the RBS AGM tomorrow in Edinburgh student groups are planning to protest […]
The Royal Bank of Scotland has reported its fourth year of losses since the bank’s bailout in 2008. The bank posted an attributable loss of £2bn in 2011, up from a loss of £1.1bn in 2010. In reaction to the annual results, Chancellor George Osborne said RBS is “cleaning up the mess after the biggest […]