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RBS protests announced over controversial tar sands investments

By Anonymous, 28 February 2010

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.

Deborah Doane, director of the World Development Movement said: "It's deeply concerning to learn that so much of our money is being used to provide finance for tar sands extraction. These investments have a devastating impact on the lives of Indigenous communities in Canada, while fuelling climate change, just to service the rich world’s unquenchable thirsty for dirty energy.

"The consequences of climate change are already hitting the world's poorest people the hardest, and this completely cancels out efforts we take nationally to prevent catastrophic climate change. This is a huge injustice and during our week of protest we will be demanding that investment of our money into this 'blood oil' be stopped immediately."

This announcement coincides with the news that RBS have been involved in providing loans worth $7.5 billion in the last three years to companies carrying out highly controversial ‘tar sands’ mining [1] in Canada.

A coalition of NGOs including PLATFORM, the World Development Movement, People & Planet and Friends of the Earth Scotland are releasing a report, Cashing in on Tar Sands – RBS, UK Banks and Canada’s ‘Blood Oil’ which shows that outside of North America, RBS is involved in the highest quantity of loans to tar sands-related companies, equivalent to 8 per cent of the global total.

Exploitation of tar sands have been the subject of international criticism for its negative impact on climate change, Canadian ecosystems and the Indigenous communities that live in the region. On the 1st of February, executives of European and North American banks, including RBS, met in Toronto to discuss concerns over a public backlash over the banking sector’s involvement in the increasingly controversial projects. [3]

The report is being released on Monday, when WDM, PLATFORM and People & Planet are in court challenging the Treasury over RBS’ use of public money to provide finance for companies that exacerbate climate change and disregard human rights, including tar sands, coal, oil and gas and other forms of mining, for examples Vedanta's bauxite mines in India.

Mel Evans from PLATFORM, one of the authors of the report said: “RBS has been involved in providing more money in loans to destructive tar sands companies than any other UK bank. When RBS executives get their bonuses, they are being rewarded for enabling oil companies to devastate traditional ways of life for Indigenous communities in Canada, while making the problems of climate change much, much worse.”

Clayton Thomas-Muller, an Indigenous activist from Canada said: ““RBS must publicly commit to not providing finance to Canada's Tar sands. Failure to do so would be morally bankrupt given that the developments entail massive ecological destruction and human rights abuses particularly in First Nations Lands. Now that RBS is owned by the public, the bank should be transformed into a leader in the emerging green energy economy in the UK rather than causing so much destruction to the lands of Indigenous Peoples in Canada.

Notes

[1] Tar sands are a type of oil that is mixed up with a particulate matter that needs to separated. The process of obtaining the oil is around three times more carbon intensive than obtaining conventional oil. In addition the process creates enormous lakes of toxic byproducts that are leaking into water sources, and are being blamed by local communities for the abnormal rates of rare cancers they are experiencing.


[2] The full list of groups publishing the report is PLATFORM, the World Development Movement, People & Planet, the Indigenous Environmental Network, Friends of the Earth - Scotland, Friends of the Earth – England, Wales and Northern Ireland, Friends of the Earth – Europe, the New Internationalist, Indigenous Peoples Links, BankTrack and the Rainforest Action Network

[3] The meeting was hosted by the Royal Bank of Canada and was held at the RBC Plaza in Toronto Canada and attended by 41 banking executives from around the world, including Baba Abu, the RBS Head, Sustainable Business, Global Banking. The day included presentations by Jim Ellis, the Albertan Deputy Minister for the Environment, and Peter Watson, the Deputy Minister for Energy, and a presentation on ‘Public Opinion on Canada’s Oil Sands’ by Bruse Anderson of National Public Relations.


(3) Investments were scrutinized of 26 banks from across the world, including Barclays, RBS and HSBC. The report looks at looks at the finance that RBS, Barclays and HSBC have made to companies that (a) have an ownership stake in existing tar sands projects and projects under development; or (b) own, operate or are developing pipelines primarily being used to transport tar sands oil over a three year period from January 2007 through to December 2009 and has been collated using a Bloomberg terminal
 

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You clearly know what youre talking about, why waste your intelligence on just posting videos to your site when you could be giving us something informative to read? Today, I went to the beach with my children. I found a sea shell and gave it to my 4 year old daughter and said "You can hear the ocean if you put this to your ear." She placed the shell to her ear and screamed. There was a hermit crab inside and it pinched her ear. She never wants to go back! LoL I know this is totally off topic but I had to tell someone! Yesterday, while I was at work, my sister stole my iphone and tested to see if it can survive a forty foot drop, just so she can be a youtube sensation. My apple ipad is now broken and she has 83 views. I know this is totally off topic but I had to share it with someone! I was wondering if you ever thought of changing the layout of your blog? Its very well written; I love what youve got to say. But maybe you could a little more in the way of content so people could connect with it better. Youve got an awful lot of text for only having 1 or 2 pictures. Maybe you could space it out better? Howdy, i read your blog occasionally and i own a similar one and i was just curious if you get a lot of spam remarks? If so how do you prevent it, any plugin or anything you can suggest? I get so much lately it's driving me crazy so any assistance is very much appreciated. This design is wicked! You obviously know how to keep a reader entertained. Between your wit and your videos, I was almost moved to start my own blog (well, almost...HaHa!) Great job. I really enjoyed what you had to say, and more than that, how you presented it. Too cool! I'm really enjoying the design and layout of your site. It's a very easy on the eyes which makes it much more enjoyable for me to come here and visit more often. Did you hire out a designer to create your theme? Exceptional work! Hey there! I could have sworn I've been to this site before but after checking through some of the post I realized it's new to me. Anyhow, I'm definitely happy I found it and I'll be bookmarking and checking back frequently! Good day! Would you mind if I share your blog with my twitter group? There's a lot of people that I think would really appreciate your content. Please let me know. Many thanks Hi, I think your site might be having browser compatibility issues. When I look at your blog site in Chrome, it looks fine but when opening in Internet Explorer, it has some overlapping. I just wanted to give you a quick heads up! Other then that, wonderful blog! Sweet blog! I found it while surfing around on Yahoo News. Do you have any suggestions on how to get listed in Yahoo News? I've been trying for a while but I never seem to get there! Thanks Hi there! This is kind of off topic but I need some advice from an established blog. Is it very hard to set up your own blog? I'm not very techincal but I can figure things out pretty quick. I'm thinking about making my own but I'm not sure where to start. Do you have any points or suggestions? Cheers Greetings! Quick question that's totally off topic. Do you know how to make your site mobile friendly? My website looks weird when browsing from my iphone. I'm trying to find a template or plugin that might be able to resolve this problem. If you have any suggestions, please share. With thanks! I’m not that much of a online reader to be honest but your blogs really nice, keep it up! I'll go ahead and bookmark your site to come back later. Many thanks I love your blog.. very nice colors & theme. Did you make this website yourself or did you hire someone to do it for you? Plz respond as I'm looking to create my own blog and would like to find out where u got this from. many thanks Incredible! This blog looks exactly like my old one! It's on a totally different subject but it has pretty much the same page layout and design. Excellent choice of colors! Heya just wanted to give you a brief heads up and let you know a few of the images aren't loading correctly. I'm not sure why but I think its a linking issue. I've tried it in two different internet browsers and both show the same results. Howdy are using Wordpress for your site platform? I'm new to the blog world but I'm trying to get started and create my own. Do you require any coding knowledge to make your own blog? Any help would be greatly appreciated! Hello this is somewhat of off topic but I was wanting to know if blogs use WYSIWYG editors or if you have to manually code with HTML. I'm starting a blog soon but have no coding know-how so I wanted to get advice from someone with experience. Any help would be greatly appreciated! Hey there! I just wanted to ask if you ever have any issues with hackers? My last blog (wordpress) was hacked and I ended up losing several weeks of hard work due to no data backup. Do you have any methods to protect against hackers? Hey! Do you use Twitter? I'd like to follow you if that would be ok. I'm definitely enjoying your blog and look forward to new updates. Hey there! Do you know if they make any plugins to protect against hackers? I'm kinda paranoid about losing everything I've worked hard on. Any suggestions? Howdy! Do you know if they make any plugins to assist with Search Engine Optimization? I'm trying to get my blog to rank for some targeted keywords but I'm not seeing very good success. If you know of any please share. Thanks! I know this if off topic but I'm looking into starting my own weblog and was curious what all is required to get set up? I'm assuming having a blog like yours would cost a pretty penny? I'm not very internet savvy so I'm not 100% sure. Any tips or advice would be greatly appreciated. Many thanks Hmm is anyone else experiencing problems with the images on this blog loading? I'm trying to determine if its a problem on my end or if it's the blog. Any feedback would be greatly appreciated. I'm not sure exactly why but this web site is loading extremely slow for me. Is anyone else having this problem or is it a problem on my end? I'll check back later and see if the problem still exists. Hello! I'm at work browsing your blog from my new apple iphone! Just wanted to say I love reading through your blog and look forward to all your posts! Carry on the superb work! Wow that was odd. I just wrote an really long comment but after I clicked submit my comment didn't show up. Grrrr... well I'm not writing all that over again. Anyways, just wanted to say superb blog! My blog post - s224.myip.net

RBS protests announced over controversial tar sands investments

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Time to get serious about transport?

I can perfectly well imagine the government not wanting to get involved in prohibiting a loan like this, simply because it might make for bad relations with Canada. The Canadian government seems to be very much behind the tar sands mines for what seems to be to be understandable reasons. Apart from the understandable greed motives of wanting to become another Norway, there is the understandable motive of oil independence from the middle east. Having heard some of the arguments particularly from Albertans with first hand experience with the mines, I too am inclined to see the whole thing as not so clear cut. Every industry is polluting. Where do you draw the line? The majority of pollution from oil, no matter how you get it, still comes out of the tail pipes of the cars that are using it. Well to wheel tar sand oil is at *most* 40% worse than conventional, and some claim it is as low as 10%. But this doesn't count the amount of environmental damage caused by the wars stemming from our oil dependence. The choice between slightly less polluting oil that supports terrorists and more polluting oil produced domestically is not such an easy one. Rather than simply using this as an excuse to go after a popular scapegoat, this should be seen as a real wake up call to make getting off the oil a number 1 priority in the environmental activist scene. This means that transport, where the vast majority of oil is used, needs to be center stage. Forget about the rivalry between public transport solutions and alternative vehicles. This needs to be fought on all fronts. It's no good for somebody in London to tell somebody in Alberta that they should walk or take public transport more when their average January temperature is -15, and their distances are probably inconceivable to you. If environmental groups had taken more than a luke warm and sometimes even hostile attitude toward alternative vehicles, perhaps the gas being used to make petrol out of tar sands could now instead be used either directly to power CNG vehicles, or for the electricity to run electric vehicles. The awareness is not going to be raised to make it happen, though, when the only thing environmental groups have to say about electric vehicles is that they are climate pigs. http://www.greenpeace.de/themen/verkehr/nachrichten/artikel/elektroautos...

Hi Gordon. We did take the

Hi Gordon. We did take the government to court over the impact RBS' investments would have on human rights and the environment. Unfortunately the judge of the case did not agree with us. You can read more here: http://www.wdm.org.uk/new-legal-action-over-latest-rbs-bail-out-0 You can email George Osborne asking him to stop taxpayers' money funding climage change here: http://www.wdm.org.uk/action-scotland/take-action-stop-taxpayers-money-f...

RBS tar sands investment etc

I am wondering are there are actions, initiatives to press government, mps to act on this given that RBS is nearly all publicly owned? i.e. Certainly government owned companies and indeed all investment should fully and as a priority consider climate change and impact on enviromnet biodiversity etc I am not sure but I cant recall seeing this and I am surprised. I wouldnt break RBS windows etc myself, which one of their employees told me about (not knowing my views), and I am sure WDM doesnt support that either. I do wonder though what does it takes to get the obvious seriousness of climate change etc across to people, if melting icecaps doesnt do it.

How about cutting waste & renewables !?

To suggest there are 'clean' methods for extraction doesn't deal with the fact that this remains very dirty oil, and will take us dangerously close to runaway climate change. Just imagine if this enormous investment was going into renewable R&D and solutions. I'm writing to my pension company today. I don't want my money used for this.

Clean Solution to Canadian Tar Sands Pollution Problems

RBS can solve its tar sands PR problems by financing the next-generation of cleaner, environmentally-friendlier tar sands extraction technologies and companies that offer cost-effective solutions that really work. I've done my research and found a proven, tested and demonstrated a clean tar sands extraction solvent that can clean and dry existing tailing ponds by removing the bitumen and leaving water free of oil/bitumen residue and clean, dry sand/gravel that can grow new plantlife. See the videos of this new, non-toxic, chemical-based technology working at: www.encapsol.com/tar-sands-and-oil-shale-extraction/ And then look at these videos -- bet you've never seen oil/bitumen flow like this in ice water!: www.encapsol.com/media I'm writing this because I think the public needs to know that there really are some viable solutions to the tar sand and oil sand pollution problem. But don't depend just on what I say. Do your own research and decide for yourself what solutions you think may work or not work -- but how valid an opinion or how informed a decision can someone make if they don't even know about these available chemical-based solutions to fix the tar sand problems.

Royal Bank of Canada (RBC Bank) : Corporate Bully

RBC Bank President Gordon Nixon - Salary $11.73 Million $100,000 - MISTAKE (FISHERMEN'S LOAN) I'm a commercial fisherman fighting the Royal Bank of Canada (RBC Bank) over a $100,000 loan mistake. I lost my home, fishing vessel and equipment. Help me fight this corporate bully by closing your RBC Bank account. There was no monthly interest payment date or amount of interest payable per month on my loan agreement. Date of first installment payment (Principal + interest) is approximately 1 year from the signing of my contract. Demand loan agreements signed by other fishermen around the same time disclosed monthly interest payment dates and interest amounts payable per month.The lending policy for fishermen did change at RBC from one payment (principal + interest) per year for fishing loans to principal paid yearly with interest paid monthly. This lending practice was in place when I approached RBC. Only problem is the loans officer was a replacement who wasn't familiar with these type of loans. She never informed me verbally or in writing about this new criteria. Phone or e-mail: RBC President, Gordon Nixon, Toronto (416)974-6415 RBC Vice President, Sales, Anne Lockie, Toronto (416)974-6821 RBC President, Atlantic Provinces, Greg Grice (902)421-8112 mail to:greg.grice@rbc.com RBC Manager, Cape Breton/Eastern Nova Scotia, Jerry Rankin (902)567-8600 RBC Vice President, Atlantic Provinces, Brian Conway (902)491-4302 mail to:brian.conway@rbc.com RBC Vice President, Halifax Region, Tammy Holland (902)421-8112 mail to:tammy.holland@rbc.com RBC Senior Manager, Media & Public Relations, Beja Rodeck (416)974-5506 mail to:beja.rodeck@rbc.com RBC Ombudsman, Wendy Knight, Toronto, Ontario 1-800-769-2542 mail to:ombudsman@rbc.com Ombudsman for Banking Services & Investments, JoAnne Olafson, Toronto, 1-888-451-4519 mail to:ombudsman@obsi.ca http://www.pfraser.blogspot.com http://www.corporatebully.ca http://www.youtube.com/CORPORATEBULLY http://www.p2pnet.net/story/17877 "Fighting the Royal Bank of Canada (RBC Bank) one customer at a time"

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