Gyasi Ross and Matt Remle: Divest from the Dakota Access Pipeline


The #NoDAPL encampment in North Dakota on December 25, 2016. Photo: Indigenous Rising Media

Matt Remle of Last Real Indians and Gyasi Ross of Indian Country Today offer a guide to divesting from the financial institutions that made the Dakota Access Pipeline a reality. Tribal citizens, tribal governments and municipal governments can take part in dismantling the controversial project:
Now that the Army Corps of Engineers rejected the easement for the Dakota Access pipeline to cross the Missouri River pending an Environmental Impact Statement, there is a momentary pause in construction. This pause allows water protectors the world over to direct energies toward strategies other than simply physically keeping Energy Transfer Partners from constructing the pipeline on a day-to-day level. Instead, there can be some focus on taking the fight to Energy Transfer Partners. That is the reason we have the opportunity for an unprecedented global effort to target the pipeline company’s financiers.

To divest.

According to research by Food & Water Watch 17 banks are directly financing the pipeline construction by Dakota Access LLC. Seven banks are financing both the pipeline and providing significant lines of credit offered to parent companies Energy Transfer Partners, Energy Transfer Equity, and Sunoco Logistics.

The financial backing of the Dakota Access pipeline is, of course, just one of the many reasons to not bank with the major banks such as Wells Fargo, Bank of America, US Bank, JP Morgan Chase and Citibank. These large institutions have a history of predatory lending practices to creating fake personal bank accounts. For many, financing the DAPL should be just another reason to take your funds from these institutions. Yet, for Native people, for Native institutions and for allies in this fight against the Dakota Access Pipeline, divesting from these banks is the next step in our multi-faceted fight against DAPL.

Read More on the Story:
Gyasi Ross and Matt Remle: Divest Now! Joint Statement Regarding the Next Stage in the Fight Against Dakota Access Pipeline (Indian Country Today 12/23)

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Dakota Access Pipeline lacks key approval to build by reservation (8/26)
Lummi Nation sends totem pole to #NoDAPL camp in North Dakota (8/26)
Dave Archambault: Why the Standing Rock Sioux Tribe is fighting (8/25)
Cheyenne River Sioux Tribe chair dispels rumors about camp site (8/25)
Sen. Bernie Sanders joining opposition to Dakota Access Pipeline (8/25)
Native Sun News: Thousands join #NoDAPL resistance movement (8/25)
Standing Rock Sioux Tribe sees strong support at pipeline hearing (8/24)
Kayla DeVault: Navajo Nation must take a stand on Dakota Access (8/24)
Cheyenne River Sioux Tribe seeks prayers ahead of pipeline hearing (8/23)
Lakota Country Times: Oglala Sioux Tribe joins fight against pipeline (8/23)
Brandon Ecoffey: The Horse Nations prepare for battle over pipeline (8/23)
Simon Moya-Smith: Hillary Clinton remains silent amid pipeline feud (8/23)
Steven Newcomb: Standing Rock Sioux Tribe challenges domination (8/23)
Sheriff mistook sacred pipes for pipe bombs at pipeline protest site (8/23)
Tribes prepare for critical hearing in Dakota Access Pipeline lawsuit (8/22)
Mark Trahant: Pipeline fight highlights power of political organizing (8/22)
Lakota Country Times: Tribes unite to stop Dakota Access Pipeline (8/22)
Vi Waln: Our water system is being threatened by energy pipelines (8/22)
Winona LaDuke: Bigger problems ahead for Dakota Access Pipeline (8/22)
Dallas Goldtooth: Tribes shut out of Dakota Access Pipeline process (8/22)
Native Sun News: Resistance grows against Dakota Access Pipeline (08/18)
Harold Frazier: Obama must put a stop to Dakota Access Pipeline (08/15)
Tribes and Native youth join forces in campaign to stop oil pipeline (08/11)
Democrats embrace tribal sovereignty in platform for convention (07/08)
Dakota Access Pipeline to go underneath tribal burial site in Iowa (06/22)
Native Sun News: Standing Rock Sioux Tribe battles oil pipeline (06/08)
Iowa board approves energy pipeline work amid tribal objections (06/07)
Native Sun News: Tribes score big in fights against energy projects (05/26)
Standing Rock Sioux Tribe seeks halt to construction of pipeline (05/12)
Native Sun News: Youth run 500 miles to protest new oil pipeline (05/11)
Native Sun News: Standing Rock Sioux Tribe aims to stop pipeline (04/27)
Standing Rock Sioux Tribe and Army Corps to discuss oil pipeline (04/26)
Native Sun News: Tribes gaining traction in war against pipelines (04/20)
Brandon Ecoffey: Tribes continue battle against energy pipelines (04/19)
Standing Rock Sioux Tribe sets up sacred camp to oppose pipeline (04/15)
Native Sun News: Tribes organize against Dakota Access Pipeline (04/13)
Iowa Tribe joins fight against oil pipeline on aboriginal territory (3/24)
Native Sun News: Standing Rock Sioux Tribe battles pipeline plan (3/14)
Native Sun News: Tribes fight another pipeline through Great Plains (07/07)
Meskwaki Tribe opposes oil pipeline through aboriginal territory (03/17)