Stop Climate Chaos

Global Deal

Royal Bank of Scotland sells its shares in Phulbari mine scheme

British bank Royal Bank of Scotland has sold its shares in Global Coal Management Resources (GCM ltd), the British company behind the Phulbari open-cast mine project in Bangladesh.

In August 2008, 110 organisations from across the world wrote to RBS calling on it to withdraw its investment from the disastrous Phulbari project. The British bank has now responded by selling its shares, held through subsidiary ABN Amro, and telling campaigners RBS is “no longer an investor in GCM Resources”.

Final nail in the coffin for Heathrow expansion and Kingsnorth

Today’s, report from the influential committee on climate change has recommended that the UK cuts greenhouse gases emissions by at least 80 percent and that this target should include emissions from aviation and shipping. The World Development Movement welcomes this news as a potential ‘reprieve’ for the poorest people in the world.

Benedict Southworth, director of the World Development Movement said:
“These recommendations will potentially be a reprieve for the world’s poorest people, whose lives and livelihoods are threatened the most by dangerous climate change.

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