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Planet group plan capital protest Planet group in capital protest
(about 2 hours later)
Climate change campaigners are expected to protest in Edinburgh in a bid to urge the Royal Bank of Scotland to invest in renewable energy projects. Climate change campaigners are staging a protest in Edinburgh in a bid to urge the Royal Bank of Scotland to invest in renewable energy projects.
The People And Planet Group are thought to be planning demonstrations ahead of the RBS annual meeting, which is taking place in the capital at lunchtime. The People and Planet Group is demonstrating outside the RBS annual meeting, which is taking place in the Scottish capital.
Its members are calling on the bank to help create a "low-carbon economy" and abandon investment in fossil fuels.Its members are calling on the bank to help create a "low-carbon economy" and abandon investment in fossil fuels.
They plan to don feather dusters and dress as cleaners and "comedy bankers". Some protesters are dressed as cleaners and "comedy bankers".
They are to protest outside the RBS meeting in Edinburgh and also in the centre of London. Campaigners are also protesting in the centre of London.
Energy efficiencyEnergy efficiency
People And Planet's Hannah Schling said: "The public have cleaned up RBS's finances, whilst the bank continues to mess up our climate. The People and Planet Group's Hannah Schling said: "The public have cleaned up RBS's finances, whilst the bank continues to mess up our climate.
"The most toxic of RBS's assets are their fossil fuel investments."The most toxic of RBS's assets are their fossil fuel investments.
"We need them to focus on investments in renewable energy and energy efficiency."We need them to focus on investments in renewable energy and energy efficiency.
"This would secure tens of thousands of jobs as well as contribute to the transition to a low-carbon economy, desperately needed to tackle climate change.""This would secure tens of thousands of jobs as well as contribute to the transition to a low-carbon economy, desperately needed to tackle climate change."
Royal Bank of Scotland shareholders are to attend its annual meeting on Friday after a catastrophic year for the bank. Royal Bank of Scotland shareholders were attending its annual meeting on Friday, which started at 1300 BST, after a catastrophic year for the bank.
RBS has posted the biggest UK loss in corporate history, £24.1bn, and is now majority-owned by the taxpayer after a £20bn bail-out last October.RBS has posted the biggest UK loss in corporate history, £24.1bn, and is now majority-owned by the taxpayer after a £20bn bail-out last October.