#DefundDapl has divested $40 million from Dakota Access Pipeline

03.01.2017 - Pressenza New York

This post is also available in: Italian

#DefundDapl has divested $40 million from Dakota Access Pipeline
(Image by https://www.facebook.com/Sacred-Stone-Camp-255672288125349/?pnref=story)

On January 1st, 2017, during the Vikings/Bears football game at the Minneapolis US Bank Stadium, two water protectors rappelled from the rafters to display a large banner urging US Bank to divest from the Dakota Access Pipeline. Some livestream videos reached over one million views.

After the recent month of #NoDAPL action, individuals have pulled over $40.5 million from the various banks that back the project. Two major Norwegian investors have already sold their assets in the project while others have promised to divest if DAPL fails to “respect the Standing Rock Sioux Tribe’s demand to not lay the pipeline near their reservation”.

Several cities are joining the movement to divest from banks funding DAPL and fossil fuels at large. Seattle recently introduced legislation that would end the city’s $3 billion contract with Wells Fargo while Boulder, Portland, and Minneapolis have publicly announced similar considerations.

About one thousand water protectors remain in the Standing Rock encampments and continue to face brutality at the hands of local law enforcement.



Categories: Ecology and Environment, Indigenous peoples, North America
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