Huppert joins demo to stop bank fuelling climate change

April 27, 2010 12:33 PM

Julian HuppertJulian Huppert, Liberal Democrat Parliamentary Candidate for Cambridge will be supporting a demonstration in Cambridge on Wednesday (April 28) to stop taxpayers' money fuelling climate change.

He will join members of the Cambridge World Development Movement, People and Planet group members from Cambridge and Norwich, students from Hills Road Sixth Form College, the Environment Society and other groups.

They are objecting to the Royal Bank of Scotland's investment in fossil fuels including Canadian tar sands - widely acknowledged as the world's dirtiest fuels.

The government has an 84 per cent stake in RBS and between 2007 and 2009 RBS funded tar sands with $12.7 billion including $1 billion since the bank was nationalised.

Julian has already joined a national campaign by pension scheme members fighting to make sure their pension money is invested responsibly.

They called on major oil companies BP and Shell to stop investing in this highly destructive activity.

Julian said: "RBS was bailed out with massive amounts of taxpayers' money and that money is being invested in an industry which is a major contributor to global climate change.

"This is totally unacceptable. I would urge everyone to back this demonstration. This bank is making decisions backed by your money and clearly cannot be trusted to do that responsibly."

The demonstration will take place at 12.30pm outside the Cambridge branch of NatWest - an RBS subsidiary - on the corner of Emmanuel Street and St Andrew's Street.

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