A human rights campaigner from Madagascar was in the UK recently to demand that the Royal Bank of Scotland withdraw its financing of companies mining tar sands in her country. The Royal Bank of Scotland (RBS) has a long track record of financing companies operating in the Canadian tar sands, which are devastating the land and lives of First Nations people in Alberta. The bank has also financed French oil giant Total’s test mining of tar sands in Madagascar over the last three years. Total is expected to decide next month whether to go ahead with larger scale exploitation of tar sands in the country. If it does, the water supply of more than 120,000 people in one of Madagascar’s poorest areas could be disrupted and poisoned and its unique biodiversity severely threatened.
Jun 09, 2011