“New Investigation Names Wall Street Banks Behind $3.8 Billion Dakota Access Pipeline”

Democracy Now

Over 1,000 people representing more than 100 tribes are gathered along the Cannonball River by the Standing Rock Sioux Reservation to resist the construction of the $3.8 billion Dakota Access pipeline. It’s been described as the largest unification of Native American tribes in decades. On September 3, the Dakota Access pipeline company attacked Native Americans with dogs and pepper spray as they resisted the construction of the $3.8 billion pipeline on a sacred tribal burial site. Saturday was also the first day of a two-week call for actions against the financial institutions that are bankrolling the $3.8 billion Dakota Access pipeline project. A new investigation has revealed that more than two dozen major banks and financial institutions are helping finance the Dakota Access pipeline. The investigation was published by the research outlet LittleSis. It details how Bank of America, HSBC, UBS, Goldman Sachs, Wells Fargo, JPMorgan Chase and other financial institutions have, combined, extended a $3.75 billion credit line to Energy Transfer Partners, the parent company of Dakota Access. For more, we speak with the author of this investigation, Hugh MacMillan, a senior researcher with Food & Water Watch.

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