Dakota Access Pipeline, banks and protests

12.04.2017 - Pressenza New York

This post is also available in: Italian

Dakota Access Pipeline, banks and protests
(Image by https://www.facebook.com/ienearth/)

It seems that applying pressure works: after the on line protest of March 30 Intesa SanPaolo declined to participate in a refinancing of Energy Transfer Equity (ETE), parent company financing the Dakota Access Pipeline. However, they are still involved and this is not over. For this reason Resistance Events Italy,Women’s March – Milan and American Expats for Positive Change have organized a follow-up online protest for Thursday April 27 to step up the pressure, asking Intesa SanPaolo to divest from DAPL.

Besides Intesa SanPaolo, four other banks previously involved in Energy Transfer Equity’s revolving credit chose not to support its new credit: ABN Amro (Netherlands), DNB (Norway), ING (Netherlands) and RBS (Scotland), while four banks that weren’t on ETE’s line of credit in March decided to finance the company: Bank of Nova Scotia (Canada), CIBC (Canada), Fifth Third Bank (U.S.), TD Bank (Canada).

Source: https://www.facebook.com/events/231071110700375/permalink/243022679505218/

Categories: Ecology and Environment, International
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