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KLP Pension Fund Divests $68 Million from Companies Affiliated with the Dakota Access Pipeline

Posted by on Mar 24, 2017 in Featured

KLP, a Norwegian pension fund that manages government employees’ pensions, has decided to remove its investments from companies behind the Dakota Access pipeline. In a statement released by KLP they state, “KLP has decided to exclude Energy Transfer Partners (“ETP”), Enbridge Energy Partners, Phillips 66 and Marathon Petroleum from investments by KLP and the KLP Mutual funds (‘KLP’) as of 13 March 2017 due to an unacceptable risk of contributing to serious or systematic human rights violations.” KLP had $68 million invested in Energy Transfer Partners (“ETP”), Enbridge Energy Partners, and Phillips 66. Read KLP’s full fact finding report here NPR reports that KLP’s decision stems from pressure applied...

Bank in Netherlands Sells Stake in Dakota Access Pipeline

Posted by on Mar 21, 2017 in Featured

3/20/17 – the Netherlands-based financial  institution, ING, has announced that it has sold off its share of loan debt to the Dakota Access pipeline.  In selling off its $120 million of DAPL debt, ING, one of 17 syndicate banks financing DAPL, becomes the first bank to cut ties with the project. According to ING, the decision came after a meeting with representatives from the Standing Rock Sioux Tribe. “In our meeting with the Standing Rock Sioux Tribe on 10 February, we discussed the Tribe’s concern regarding the pipeline’s proposed routing. The Tribe made its belief clear that its interests and position as a sovereign nation weren’t properly recognised in...

Cheyenne River Sioux Tribe Remains Committed to Court Fight After D.C. Circuit Denial of Injunction

Posted by on Mar 21, 2017 in Featured

Eagle Butte, SD — March 20, 2017 On Saturday, March 18, 2017, the D.C. Circuit Court of Appeals denied the Cheyenne River Sioux Tribe’s emergency motion for injunction pending appeal to stop the flow of oil in the Dakota Access Pipeline under Lake Oahe while the appeals court considers the Tribe’s challenge pursuant to the Religious Freedom Restoration Act (“RFRA”). The case in the D.C. Circuit is an appeal from the district court’s March 7, 2017 Order denying the Tribe’s motion for preliminary injunction under RFRA. Cheyenne River Sioux Tribal Chairman Harold Frazier stated: “The Cheyenne River Sioux Tribe of course is disappointed in the outcome of this motion....

Oil could flow through DAPL today; here’s how we can stop it by Jacqueline Fielder

Posted by on Mar 20, 2017 in Featured

Dakota Access LLC has claimed that oil could flow through the Dakota Access Pipeline as early as today. The Standing Rock and Cheyenne River Sioux tribes will continue to ask the courts to “order the pipeline turned back off.” We, as a movement, have exhausted many avenues to prevent the flow of oil, but there are still a few we have not yet exhausted. METHOD – RESULT Indigenous youth organize a petition & run to D.C. IGNORED August 6, 2016 Army Corps rejects easement for Dakota Access LLC REVERSED Jan. 24, 2016 Water Protectors resist in prayer at Sacred Stone FORCIBLY REMOVED Feb. 24, 2017 Cheyenne River and Standing...

San Francisco closer to divesting $10B cash flow from Bank of America and $1B investments by Jacqueline Fielder

Posted by on Mar 16, 2017 in Featured

On Tuesday, March 14, 2017, the indigenous-led San Francisco Defund DAPL Coalition pressured the San Francisco Board of Supervisors to unanimously pass a resolution urging the Treasurer to implement a DAPL screen in the City’s Social Responsibility Investment Policy. The following day, the Treasurer informed The Coalition that he will, indeed, add “DAPL investments” to the screen his office uses to evaluate investment products and financial contracts (i.e. depository services contracts) each month. The City currently has $1.3 billion worth of investment products with banks financing or owning shares in the Energy Transfer family of companies (Energy Transfer for short). The City also has a five-year financial contract with...

Construction of the Dakota Access Pipeline Could Bring North Dakota $100M Per Year

Posted by on Mar 15, 2017 in Featured

North Dakota is set to gain up to $100 million per year from the construction of the Dakota Access pipeline. According to North Dakota Tax Commissioner Ryan Rauschenberger, the state will gain the additional tax revenue due in part to savings from transportation costs. The 1,172-mile long pipeline, which has drawn international opposition by supporters of water protectors at the Standing Rock Sioux Tribe, has the capacity to transport up to 570,000 barrels per day. Currently, Bakken crude is transported largely by rail, which is a more expensive form of transportation. The completed pipeline will save oil companies roughly $3 per barrel, generating increased tax revenue for the state...

Divestment Activists Target Seattle’s Pension Fund over Investments in Fossil Fuels

Posted by on Mar 13, 2017 in Featured

Following Seattle’s historic divestment from Wells Fargo, activists are now calling on the City to unload its $2.5 billion pension fund from all fossil fuels. “Climate Justice requires us to move away from what is harming our communities. Seattle’s investment in fossil fuels is irresponsible when there are sources for renewable energy that we should be harnessing in a transition towards a healthier relationship with our ecosystems and environment.” said Rashad Barber of Seattle-based environmental justice group, Got Green. The movement to divest from fossil fuels started back in 2011 on just a few university campuses. Over the next six years it grew to become the largest divestment movement...

Caricature of History by “Kuni” Tyrone Ross Thompson

Posted by on Mar 13, 2017 in Featured

As a Wyampum our identity is not limited to western narrative we can define our humanity exposing the contradiction of oppressors false non fiction The skulls wars battling the distortion of conquer contradiction in writing our Washani patriarch idolized after death but in life wasn’t heard In a western story the Wyampum patriarch was compared to an athlete of legacy Jim Thorpe remains powerful both figures influential For a near century the athlete’s departed body didn’t have merit adoration of limited loyalty oppressors only love one image not voices labeled with rage Or the words of our origin that connects to the world Wyam patriarch planted seeds to know...

Water Protectors to Flood the Streets of Downtown LA Calling to #DivestLA !

Posted by on Mar 11, 2017 in Featured

FOR IMMEDIATE RELEASE: Water Protectors to Flood the Streets of Downtown LA Calling to #DIVESTLA! Friday, March 10th WHEN: 11am Friday, March 10, 2017 WHERE: March begins at Pershing Square through LA’s Financial District to Hope and 3rd -Rally in front of Wells Fargo, continue to Grand Park, end at the west steps of City Hall to Rally. WHY: We are calling on the City Council of Los Angeles to cut financial ties with Wells Fargo to DIVESTLA and join with Seattle, Santa Monica and Davis, CA in Defunding DAPL. VISUALS include: Giant inflatable pipeline and more TBA LOS ANGELES – On Friday, March 10th, Angelenos will be marching...

Bill to Limit Oil Spill Reporting Advances in North Dakota

Posted by on Mar 10, 2017 in Featured

North Dakota – A bill to set limits on oil spill reporting has been passed through the North Dakota state House of Representatives. If approved, House Bill 1151 would allow for companies to conceal any spills of oil, natural gas, and/or contaminated water. Specifically, it would, “end a requirement that fossil fuel companies report spills at well sites of less than 10 barrels, or 420 gallons.” The bill unanimously passed that House and has moved onto the State Senate who will began hearings on HB 1151 on March 9th. According to the Associated Press, from a two-year span starting in January 2012, North Dakota experienced over 300 oil spills...

San Francisco Takes First Steps Towards Defunding DAPL by Jacqueline Fielder

Posted by on Mar 7, 2017 in Featured

San Francisco is taking its first steps to divest $1 billion from DAPL and break up with Bank of America. Supervisor Sandra Lee Fewer, with Supervisor Hillary Ronen cosponsoring, will introduce a resolution on Tuesday urging the San Francisco Treasurer to include a DAPL screen in the Socially Responsible Investment Matrix. The resolution also directs the Budget & Legislative Analyst to explore alternative cash management contractors that are not Bank of America. Stay tuned for an invite to mobilize to the next SFBoS meeting (3/14) where they will vote on this resolution. We need it to pass unanimously, so also stay tuned for directions and a script to call...

Suppressed Memo Shows Army Corps Failures in Reviewing the Dakota Access Pipeline

Posted by on Mar 7, 2017 in Featured

On January 24th, the Trump administration directed the Army Corps of Engineers to stop its Environmental Impact Statement and fast-track the construction of the Dakota Access pipeline [DAPL]. Shortly after, four memos that were highly critical of the Army Corps of Engineers and Energy Transfer Partners many failures relating to the DAPL and lack of consultation with the Standing Rock Sioux Tribe were pulled from the Interior Departments web-page. According to MINNPOST the memos, written by Interior Solicitor Hilary Tompkins, “details many failures of the Corps and of Energy Transfer Partners, which is building the project, to meet the requirements of federal law in dealing with the Standing Rock and...

Europeans Press for Divestment from Dakota Access Pipeline and Fossil Fuels

Posted by on Mar 6, 2017 in Featured

March 6 2017 – For Immediate Release: First fruits of the Geneva mobilization for Standing Rock and the Climate at the Swiss Credit Bank: The bank was forced to recognize its important stake in the Dakota Access Pipeline, and the UNIA trade union of Geneva has asked its pension fund to divest. The Swiss Credit Bank is the biggest funder of the Dakota Access Pipeline (DAPL) – destructive project relaunched by the Trump regime – financing $1,4 billion out of a total of $3.8 billion. Several organizations and 150 people rallied thursday, 2nd of March 2017, in front of Swiss Credit headquarters in Geneva to denounce its decisive involvement...