Community campaign halts bank investment in nuclear reactors


Dutch banking group ING has withdrawn financial support for nuclear reactors in Slovakia after receiving information from environmental organisations about the risks associated with the project.

ING had been the lead bank co-coordinating an 800 million Euro loan for the Slovak utility Slovenske Elektarne’s (SE) investment project, 85% which was allocated for the nuclear power stations. After pressure from environmental groups, ING said it will not invest a single Euro in the project and that it will neither invest through project loans, nor indirectly through corporate loans.

Finsec Campaigns Director Andrew Campbell says that there is growing community demand for banks to invest only in ethical projects. “Similar pressure is coming on New Zealand banks. It’s clear that our Better Banks campaign is in step with community expectations of banks. Customers are demanding that their banks act in the interest of our communities and our environment and banks are starting to respond to those demands.”


2 Responses to “Community campaign halts bank investment in nuclear reactors”

  1. 1 Dorthea 4 June, 2013 at 9:01 pm

    I like the helpful information you provide in your articles.
    I’ll bookmark your blog and check again here frequently. I am quite sure I’ll
    learn lots of new stuff right here! Best of luck for the next!

  2. 2 causes of neck pain 6 August, 2013 at 8:17 am

    I loved as much as you will receive carried out right here.
    The sketch is attractive, your authored material stylish.
    nonetheless, you command get bought an edginess over that you wish be delivering the following.
    unwell unquestionably come more formerly again since exactly the same nearly a lot often inside case
    you shield this increase.

Leave a Reply

Fill in your details below or click an icon to log in: Logo

You are commenting using your account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s

You can contact us at:

0800 FINSEC (0800 346 732)

Creative Commons License
Join Now 0800 FINSEC

RSS LabourStart – act now to help other workers

  • An error has occurred; the feed is probably down. Try again later.

Finsec Photos



%d bloggers like this: