Contents
Executive Summary
4
RBS - The Oil & Gas Bank
6
Climate Chaos
7
Making it happen – the Oil & Gas Team Case Study: North Sea Oil
8-9
The emissions embedded in RBS transactions Case Study: LNG
10-11
Breaking open the oil & gas frontier Case Study: Sakhalin Case Study: Niger Delta Case Study: BTC
12-13
Two opposing choices RBS faces: Renewables vs Oil Sands
14
The Responsible Bank of Scotland?
15-16
Conclusion
17
Appendix 1: Methodology
18
Appendix 2: Companies bankrolled by RBS
20
Appendix 3: References
22-26
Appendix 4: List of Loans
28-30
Researched & written by Mika Minio-Paluello of PLATFORM www.carbonweb.org Published by BankTrack, Friends of the Earth - Scotland, nef (new economics foundation), People & Planet and PLATFORM in March 2007. Advice and comments received from Johan Frijns (BankTrack), Nick Hildyard (Corner House), Victoria Johnson (nef), James Leaton (WWF-UK), Duncan McLaren (FoE Scotland), James Marriott (PLATFORM), Greg Muttitt (PLATFORM), Annie Rolington (PLATFORM), Mark Roberts (PLATFORM), Andrew Simms (nef), Bronwen Thomas (People & Planet), Jan Willem van Gelder (Profundo) Design by the UHC Collective. www.uhc.org.uk Printing by Calverts. www.calverts.coop