RBS to stop lending to energy firms ‘without credible climate plan’

It has pledged to stop lending and offering underwriting services to companies with more than 15% activities related to coal as well as major oil and gas producers

RBS banks on boosting clean energy lending with £1.1bn deal

Projects that can receive financing include onshore and offshore wind, solar farms, smart meters, energy from waste and biomass power

ELF 2018: Sharing innovations ‘key to cutting energy usage and costs’

The Innovation Gateway brings public bodies and private businesses together to boost low carbon collaboration

RBS vows to stop financing new coal and Arctic oil projects

The bank’s new policy changes is part of its efforts to tackle climate change

RBS saves 10 tonnes of emissions with clean heat

The Royal Bank of Scotland (RBS) has saved more than 10 tonnes of carbon emissions in the last year through an efficient heating innovation. The bank installed Endo Enterprises’ EndoTherm technology across three of its branches and in doing so, reduced its gas consumption by 29%. The equipment reduces the energy needed to heat a […]

Four major UK banks ‘still investing heavily in fossil fuels’

Four big UK banks are said to be investing “heavily” in fossil fuels than in clean energy projects. Barclays, RBS, HSBC and Lloyds have been given a ‘D’ grade for a lack of climate policies and exposure to fossil fuels by charity Christian Aid. Its new report assessed policies of banks in relation to climate […]

RBS hits £1bn milestone for green loans

Royal Bank of Scotland (RBS) more than doubled its lending for sustainable energy projects las year. It provided around £1 billion of loans to businesses including SMEs and large corporates looking to become more energy efficient. RBS said the rise was driven by “significant increases” to solar and biomass projects, with lending for PV projects […]

RBS banks on Utilitywise for energy savings advice

The Royal Bank of Scotland (RBS) will be working with a consultant to offer energy efficiency advice to its customers. Under RBS Mentor, it currently provides business customers support with environmental law, health and safety and environmental management but is extending it into energy management. It will work with Utilitywise for three years in a […]

RBS banks on AD sector with £32m loan

A UK anaerobic digestion plant operator has been given a huge boost, thanks to a £32 million loan. The Royal Bank of Scotland (RBS) is providing what is claimed to be the first loan of its kind in the AD industry to Tamar Energy. The seven-year non-recourse project finance facility means the bank is only […]

RBS biggest lender to UK renewables

RBS was the biggest lender to renewables projects in the UK last year, lending more than double any other bank, according to the bank’s latest Sustainability report out yesterday. RBS loaned more than £228m  to UK renewable projects last year, according to figures from Infrastructure Journal. Across the sector, lending increased by nearly 200% on […]