Royal Bank of Scotland is funding the destruction of our homes
As you might have read elsewhere Climate Camp is underway targeting the Royal Bank of Scotland [pdf]. To highlight the global destructiveness of RBS we’re joined by two indigenous representatives from Canada’s First Nations that are representing the North American-based Indigenous Environmental Network.
They are coming to Scotland to team up with Climate Camp which plans to take direct action to shut down RBS’s global headquarters tomorrow (Monday 23rd August).
The bank is being targeted for its role in financing fossil fuel developments around the world [pdf]– including the Canadian Tar Sands developments in Alberta, Canada and the Enbridge Northern Gateway Pipeline in British Colombia.
Since the British taxpayer bailout of RBS in 2008 (meaning RBS is now more than 80% owned by the UK taxpayer) the bank has arranged financing for more than US$5.2 billion in debt for companies operating in Canada’s Tar Sands.
This has earned the bank an estimated US $18 million in fees for supporting what is often called ‘the most destructive project in the world’.
One of these companies is Enbridge, whose proposed Northern Gateway Pipeline would be laid through British Columbia, across more than 50 First Nations’ territories and pristine ecosystems.
Members of two of these First Nation communities – who have committed to resist the construction of the pipeline – will be attending the Camp in Scotland to talk about the direct link between RBS and this threat to their traditional territories.
Jasmine Thomas, a member of the Frog clan from Saik’uz, which is a member of the indigenous Carrier Nation, has said:
“Tar Sands is a global phenomenon. It is the largest industrial project in the world. It is also the dirtiest. Tar Sands extraction produces three times as much CO2 per barrel as conventional oil. There’s enough under the ground to push us over the edge into runaway climate change. It should be everyone’s concern.”
Similarly, Riannon Ball, a member of the Crow clan from the Indigenous Tahltan Nation, has said:
“We are determined to prevent the Enbridge pipeline from passing through our territory. A spill from Enbridge’s Michigan pipeline has just released over 800,000 gallons of oil into the river system. We cannot allow this kind of risk to our sacred rivers and the salmon that our people depend on for our culture and subsistence. It is shocking that the Royal Bank of Scotland is using British taxpayers’ money to finance such a destructive project.”
Riannon and Jasmine will be at the Camp from Friday 20th August to Tuesday 24th August and will be available to chat with – or interview if you’re the media – throughout that time. If you would like to do so, please drop an email to tarsandsuk [at] gmail.com