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Bailed-out banks received billions of taxpayers’ money in 2008. Now it’s being used to finance deals that cost the earth and human lives. Since the bailout RBS has backed deals worth nearly £10bn for companies and projects linked to climate change and human rights abuses. The Treasury has done nothing to stop this.

This is why WDM, along with campaigning organisations People and Planet and PLATFORM, have launched a legal action (judicial Review) against the Treasury to ensure that public funds are not used for projects linked to climate change and human rights violations but are instead used to drive the transition to a low carbon economy.

Projects include:

EON -  £6 billion to controversial energy giant with Europewide new coal power plans

Tullow Oil - Irish company who operate on the border between the Democratic Republic of Congo and Uganda where conflict has recently displaced 30,000 people.

We must shift RBS investments aw ay from fossil fuels to renewable energy. Bailed- out banks should be helping to finance the UK’s transition to a low-carbon future.

This will:

• Create millions of new jobs
• Develop the UK’s renewables industry
• Safeguard the planet for future gener ations
• Stimulate a sustainable low-carbon economy

YOU own RBS , YOU decide

Take action online and sign our action to the Chancellor Alistair Darling.

Your message to the Chancellor

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Message
Dear Chancellor, I am appalled to hear that the Treasury is allowing bailed-out banks, including the Royal Bank of Scotland, to invest public money in companies and projects which are fuelling climate change and linked to human rights abuses. Bailed-out banks must be required to abide by the highest environmental and human rights standards when they invest taxpayers’ money. The Treasury must ensure that all bailed-out banks, including RBS: *Immediately stop investing in projects and companies that destroy fragile and irreplaceable eco-systems. *Refuse to finance businesses or ventures that fail to uphold human rights or have close links to oppressive regimes. *Set and publish annual reduction targets for the emissions resulting from lending to fossil fuel projects and companies. *Prioritise lending to low-carbon companies, technologies and infrastructure. As Chancellor it is your responsibility to ensure that bailed-out banks don’t use our money to finance deals that cost the earth. Yours sincerely,

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