Account for the earth

Published: Wednesday 31 July 1996

the latest spinoff of the much-debated phenomenon of global warming is a bank account which aims to help combat the climatic problem. The Dutch-based Triodos Bank recently launched the Earth Saver Account in uk which aims to use the amount raised "primarily to finance renewable energy projects and energy projects and energy conservation projects in the uk". The new scheme is being promoted by Friends of the Earth (foe), the uk environmentalist pressure group, who are urging British savers to transfer their savings into the account. foe has invested us $306,000 in the new financial scheme.

Those who deposit their money in the Earth Saver Account will get gross interest rates of up to five per cent per annum. Depositors have been guaranteed protection from losses in the event of the scheme's failure.

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