Eileen McQuade sent a message to Ross McEwan that said:
Dear Ms Rose
Iâve banked with RBS for 34 years. But as you continue to finance the fossil fuel industry which the UN says is driving the planet towards âsevere, widespread and irreversible impacts,â I am being forced to switch my banking to a bank who does not fund fossil fuels.
I feel let down that RBS is continuingâdespite the warnings of the IMF, World Bank, Bank of England and othersâto invest in companies who arenât just endangering the future of life on earth, but whose resources are also set to become âstranded assetsâ within a matter of years.
I urge you to reconsider your position and commit to withdrawing support from fossil fuels of all kinds as soon as possibleâas you must, to comply with the Paris Agreement. I look forward to a response detailing exactly when youâll end support (financial and advisory) for coal, oil, gas, and other dirty fuels like tar sands.
Although Iâm just one customer out of millions, the fossil fuel divestment movement that Iâm part of is growing all the timeâand until you listen to its demands and act with moral and financial responsibility, youâll continue to lose customers to more ethical banks