Legal action on RBS bailout
Date: 03 July 2009
Issue: Vol 159, Issue 7376
Categories: News, Banking
News In Brief
A judicial review is to be launched against the government to ensure taxpayers’ money used to bail out RBS is used only in projects that meet minimum green and human rights standards. Environmental groups, the World Development Movement, Platform and People & Planet, which are launching the action, claim RBS has failed to commit to basic low-carbon principles, and the Treasury, in bailing out the bank, has breached its own policy to tackle climate change.
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