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Article

12 Mar 2007

Author:
Platform

The Oil Bank of Scotland - fuelling climate change

The Royal Bank of Scotland is covering up involvement in carbon emissions greater than those of the whole country of Scotland, according to new research published today...The report “The Oil & Gas Bank” reveals the extent to which RBS-NatWest is providing the financial fuel driving climate change....Bank loans play a key role in forcing open the new carbon frontier...By financing vast oil and gas projects, RBS loans lead to carbon emissions “embedded” in the activities of the fossil fuel sectors that tower above the bank’s direct, publicly disclosed carbon emissions that stem from its building use or business travel.