RBS pulls back fossil fuel investments as green deals grow

Figures show bank cut investments by 70% in oil and gas firms in 2015 and doubled UK green energy loans to 1bn a year

Royal Bank of Scotland has reduced its global lending to oil and gas companies and doubled its green energy loans in the UK to 1bn a year, according to new figures released to the Guardian.

The move may indicate a change of direction for the bailed-out bank, which was until recently one of the world's biggest financiers of fossil fuels and has been repeatedly targeted by climate change campaigners.