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Kate Blagojevic
Press Officer, World Development Movement
0207 820 4900/4913, 07711 875 345 Email: kate.blagojevic@wdm.org.uk.

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The World Development Movement (WDM) has said proposals to establish three new European banking regulators could help prevent food crises, as wheat price rises fuelled by financial speculation trigger bread riots in Mozambique.

The September issue of our monthly newsletter for WDM groups and activists, Think Global, is out now! Find out the latest on all our campaigns here, including new actions for our 'climate debt' campaign and full event listings for the autumn. 

Guest post by Howard Reed

The recently published report A Bank for the Future by James Leaton and myself recommends that the government should reform RBS into a Green Investment Bank to provide financial support for the UK's transition to a low carbon economy.

WDM condemns the link between public money and Cairn’s Arctic drilling. RBS underwrote loan to oil company one month before it acquired rig for arctic drilling.

WDM condemns the link between public money and Cairn’s Arctic drilling. RBS underwrote loan to oil company one month before it acquired rig for arctic drilling.

India has rejected plans by UK-based Vedanta Resources to mine bauxite from indigenous lands in Orissa, India.  The ruling has been described as a 'landmark victory' for indigenous rights.

WDM objects to Ayrshire Power's planning application to build a new coal power station at Hunterston in Scotland. Scotland's climate debt to developing countries will only worsen.

Guest post by Howard Reed

The recently published report A Bank for the Future by James Leaton and myself recommends that the government should reform RBS into a Green Investment Bank to provide financial support for the UK's transition to a low carbon economy. In the report we argue that the alternative to a Green Investment Bank – carrying on with 'business as usual' – risks imposing huge costs on the UK economy, in terms of making it more vulnerable to future systemic financial crises of the type that almost brought down the entire banking system.

By Sharon Jordan

Over the weekend hundreds of people concerned about human rights abuses and the environment have gathered outside the headquarters of the Royal Bank of Scotland in Edinburgh. They’ve set up camp for four days to educate and campaign against the root causes of climate change.