RBS finances 'blood oil' projects
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News

Euro-MPs yesterday voted overwhelmingly in favour of an EU "Robin Hood tax" on banks to help fund low-carbon development programmes for poor countries.

Last month the campaign for a global tax on banks' financial transactions was launched as a way of raising money to fight poverty, tackle climate change and boost public services. The Robin Hood tax is a way to re-balance the books after the economic damage wreaked by financial excesses.

The World Development Movement are today announcing a week of protests to be held simultaneously with the RBS AGM on Wednesday 28 April. This will involve protests outside the AGM centre in Edinburgh and RBS branches across the UK. We and oher organisations will be calling for a moratorium on RBS investments in tar sands because of their devastating impact on human rights and the climate.

Update from WDM ally Jubilee Debt Campaign:

Jubilee Debt Campaign has welcomed the successful passage of the Debt Relief (Developing Countries) Bill at its second reading in Parliament today, but the charity has expressed disappointment that the Conservative Party prevented the bill from taking a further step towards becoming law, by insisting it goes through full committee stage.

WDM are not happy about  today's Royal Bank of Scotland's annual results and bonuses announcements.

As you may know, we are campaigning for RBS to phase out its investments in mining companies like Vedanta and projects, like oil extraction from tar sands that are linked with controversial human rights violations. We are arguing that the bonuses awarded for investments that hurt the lives of ordinary people and the publically owned bank should be benefitting society in the UK and around the world.

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Events

WDM Activist Gathering and 40th anniversary party, Saturday 19 June 2010

Keynote speaker: Paul Mason

Ask International Development Secretary Douglas Alexander your questions at a public meeting about global poverty and climate debt in Paisley, Scotland on 19 March.

During 2010, we're organising a series of free training days to help local groups and activists to campaign more effectively.

Experience the ride of a lifetime! Cycle from London to Paris in 2010 and raise money to support WDM's campaigns.

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