Question 5 – Environmental Destruction

Does the bank make loans to, invest in or hold accounts for fossil fuel companies or other businesses involved in environmental destruction? What support does the bank provide for renewable energy and other environmentally beneficial enterprises?

Several organisations and websites that assess banks’ ethical records place a major focus on their environmental impact. These include Your Ethical Money, Move Your Money and Ethical Consumer.

The World Development Movement (WDM) has investigated the role of banks and other corporations in funding environmental damage.

There are several organisations campaigning against banks’ funding of tar sands extraction. This has been linked with RBS in particular. Platform and the UK Tar Sands Network both have more information.

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