As a pledge signer, I wanted to share some exciting news with you today. We’ve been pressing the banks providing project-level loans to the Dakota Access Pipeline to renegotiate or cancel their loan agreements.
Today we joined Indigenous leaders in announcing that 7 of the 17 banks have agreed to meet with tribal leadership. But this is still a long way from meeting our demands, since 10 of 17 banks have refused to even meet with indigenous leaders, and none of them have agreed to cancel or renegotiate their loans. In fact, Energy Transfer Partners, the company behind the pipeline, just got a cash infusion from its parent corporation to repay debt.1
Click here to read all about it on our website – and then share the news on social media with everyone you know.
As I said in our release today: DAPL is simply the wrong kind of investment, and people don’t want their money behind it. With government mandates to scale up clean energy investments, a market increasingly supportive of a low carbon future, and unprecedented consumer and investor interest in moving money into climate and community solutions, the question now is which banks will lose the most in this historic energy transition.
Thanks again for all you do,