Banks Invested in Dakota Access Pipeline

Why?

Since August of 2016, thousands of Native Americans and allies from across the country have converged to camp in and around the Standing Rock Sioux reservation in North Dakota to oppose the construction of the multi billion-dollar Dakota Access oil pipeline. The pipeline, which would transfer crude oil to existing pipelines in Illinois, would come within a half-mile of the reservation and cross culturally significant ancestral sites. It would also run under the Missouri River, an important water source for the Standing Rock Sioux, which could be damaged if the pipeline were to erupt.  Since the protests have started, pipeline security personnel have attacked peaceful protesters with clubs, dogs, tasers, pepper spray, rubber bullets, pepper spray, and a water truck spraying protestors in below freezing temperatures giving 167 people hypothermia.

Read more about Standing Rock here.

 US Consumer Banks Investing in the Pipeline to Divest From

Bank of America

Citibank

PNC Bank

SunTrust

Wells Fargo

Democracy Now: Who is Funding The Dakota Access

 

Contact these Banks to Let Them Know Why You Are Divesting

According to the Yes Magazine article, How to Contact the 17 Banks Funding the Dakota Access Pipeline 

“Bill McKibben, founder of 350.org, recently wrote an article for YES! suggesting that banks are more susceptible to public pressure than the oil and gas giants, which depend on bank loans and lines of credit to build their pipelines. “It’s probably sustained public pressure that will do the most good,” he wrote.

Wondering what to say to a bank executive?

Food & Water Watch researcher Hugh MacMillan: “Ask these banks to clarify whether funds they are providing are being used, in any amount, to pay for the heavily militarized response to the Standing Rock Sioux, including the attack dogs, sound-cannon trucks, heavily armed officers.”

“People should also ask these institutions why they are sinking so much money into maximizing the amounts of oil and gas that can be brought to the surface and burned at a time when climate science is clear we have to maximize what we keep in the ground instead,” said MacMillan.

The organization’s deputy communications director, Seth Gladstone, suggests saying: “As a customer of your financial institution, I reject the notion of my money helping to support your investment in the Dakota Access pipeline, an inherently dangerous and unjust oil pipeline that threatens air and water quality in many states, and violates sacred lands of the Standing Rock Sioux tribe. I urge you to give up your financial stake in the Dakota Access pipeline immediately.”

Here are the names and contact info for the 5 consumer banks

 

Bank of America
President, CEO, and Chairman Brian Moynihan
brian.t.moynihan@bankofamerica.com
Executive Relations, Office of the CEO:
Matthew Task
813-805-4873
Corporate Office:
100 N Tryon Street
Charlotte, NC 28255

Citibank (CitiGroup)
CEO Michael Corbat
Michael.L.Corbat@citi.com
212-793-1201
Corporate Office:
388 Greenwich Street
New York, NY 10013
Phone: 800-285-3000 and 212-793-0710

PNC Bank
Chairman, President, and CEO William S. Demchak
Media Relations:
Fred Solomon
corporate.communications@pnc.com
412-762-4550
Investor Relations:
Bryan K. Gill
investor.relations@pnc.com
412-768-4143
Corporate Office:
300 Fifth Avenue
The Tower at PNC Plaza
Pittsburgh, PA 15222
412-762-2000

SunTrust
CEO William H. Rodgers Jr.
Corporate Office:
303 Peachtree Street NE
Atlanta, GA 30308
800-786-8787
Chief Communications Officer:
Sue Mallino
404-813-0463
sue.mallino@suntrust.com

Wells Fargo
CEO Timothy J. Sloan
timothy.j.sloan@wellsfargo.com
BoardCommunications@wellsfargo.com
866-249-3302
Corporate Office:
Wells Fargo
420 Montgomery Street
San Francisco, CA 94104

For a complete contact list for all 17 banks follow click here

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