Clean up the bailed-out banks

The government now has a controlling interest in a number of banks. We recommend that the Treasury examine and report on how some form of environmental criteria for the investment strategies pursued by these banks...and what impacts this might have on UK sustainable development objectives.

- House of Commons Environmental Audit Committee

The UK government is ultimately accountable for the public funds invested in bailed out banks. Following the bail-out of the Royal Bank of Scotland, taxpayers now own 84% of the bank and the Treasury has done nothing to stop RBS from investing in projects linked to human rights abuses and climate change.

The World Development Movement together with People & Planet and PLATFORM are calling on the government to stop RBS' dirty and destructive investments and instead to start investing in projects that will help the transition to a low carbon economy. 

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