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Banks funding Dakota Access Pipeline

Nov 29

Written by:
29/11/2016 10:12  RssIcon

Royal Bank of Scotland amongst those bankrolling the Dakota Access Pipeline 

 

The US campaign group Food & Water Watch has published the results of its investigation into which banks are financing the Dakota Access Pipeline project in the United States. The Royal Bank of Scotland is one of them, as is ICBC London. 

The pipeline has attracted huge controversy, particularly from Native Americans, who argue that it threatens their health, water supply and sacred sites.

Thousands of people have created a permanent protest camp at the Standing Rock Sioux Reservation in North Dakota to oppose its construction. 

 

Image: Protest against Dakota Pipeline

Solidarity with Standing Rock, Flickr via David Tong.


Saturday was the first day of a two-week protest aimed at the financial institutions behind the pipeline, and on Wednesday protests took place in Minneapolis against U.S. Bank.

In all, Food and Water Watch identified seventeen banks behind the pipeline. The others are Citibank, DNB Capital, SunTrust, Bank of Tokyo, Mizuho bank, ABN Amro Capital, TD Securities, Credit Agricole, Intesa Sanpaulo, ING Bank, Natixis, BayernLB, BBVA Securities, SMBC Nikko and Societe Generale. 

The Dakota Access pipeline project is connected to another project that would convert an existing pipeline to connect to its south end. Food and Water Watch also investigated the banks funding this project, which they found to include Barclays and HSBC.  

 

What can you do?

Banktrack are urging people to contact the banks involved and to ask them to #DivestfromDAPL. Thursday 1 December will be a global day of action. 

Our Carbon Divestment campaign helps consumers switch to banks investing in positive renewable projects.

 


 

 

 

 


 

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