Climate camps erected by protesting activist groups outside Bank of Scotland
More than one hundred protesters gathered outside the Royal Bank of Scotland headquarters today, to protest the company’s recent investments in the oil industry.
The bank has made a multi- billion pound investment in the local oil exploration market, causing the so called climate camps to sprout up outside Edinburgh, next to the bank’s main offices. The protest was expected by the bank’s officials who warned the police, yet protesters arrived a day early in order to set up camp before the authorities’ arrival.
Toilets, kitchens and marquees were put in place outside the bank’s offices, and with the coming Edinburgh festival being sponsored by the Scottish oil and gas industries, the protests may potentially take a long time to dissolve.
As the week dwindles down, and the weekend arrives, hundreds more of protesters are expected to join the climate camps, which are located on the bank’s lawns and are heavily surrounded by police and bank security.
Protesters have invited all those interested to join them over BBC, stating that the setting is beautiful, with rural Edinburgh scenery, and plenty of food and water for all.
The bank which experienced a partial collapse a few years ago, when the recession was peaking, is currently known to be a national leader in oil and gas investments.
Before its financial woes, the bank had several interests in the clean energy sector, yet since its shares plummeted, the new owners have stirred the company towards the conventional fuel market.
Protesters have expressed their outrage over the bank’s investments into harmful fossil fuels, and its turning away from low- carbon causes that are emerging in Scotland, a country which is quickly rising in the ranks as one of the most environmentally conscious nations in the EU.
The bank’s representatives have commented in the press by saying that despite this most recent investment, the company is still very active in its support of clean energy causes, and in the past few years, it has allotted more money to green causes than it has towards conventional fuel opportunities.
They added that as any striving financial institution, the bank has a wide range of causes that it supports, as well as the obvious monetary and marketing gain in mind, prompting its investments to carry a diverse nature in all sorts of industrial and manufacturing fields.
Protesters have stated that the bank’s initial reputation of an institution that cares for its people and environment is being marred by its current operations.