Posted by on Mar 24, 2017 in Featured

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

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

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 by Norway’s Indigenous Sami peoples. KLP joins a growing list of cities and others in divesting funds from banks and companies affiliated with the Dakota Access pipeline. In February, the Seattle city council voted to divest $3 billion from Wells Fargo due to its financing of the Dakota Access pipeline. They have been joined by Davis, Santa Monica and San...

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Posted by on Mar 21, 2017 in Featured

Bank in Netherlands Sells Stake in Dakota Access Pipeline

Bank in Netherlands Sells Stake in Dakota Access Pipeline

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 the process by the government. Both ING and the Tribe acknowledged the general importance of respectful dialogue with groups potentially affected by large infrastructure projects. In the meeting, we also shared with the Tribe our willingness to either continue trying to positively influence the course of the project, or to distance ourselves by selling our stake in the loan. In...

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Posted by on Mar 21, 2017 in Featured

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

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

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. The flow of oil under Lake Oahe will devastate the practice of our religion. The shameful truth is that America can’t understand the holiness of our Grandmother Earth and her importance to our existence. But that is why we Lakota people were put on this earth—to fight for Unci Maka when the of rest world has forgotten her. We are...

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Posted by on Mar 20, 2017 in Featured

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

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

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 Rock Sioux Tribes sue U.S. Army Corps on religious grounds REJECTED March 7, 2017 Cheyenne River and Standing Rock Sioux Tribes appeal religious-based court case decision PENDING Largest indigenous march on Washington in history IGNORED March 10, 2017 Tribes ask Appeals Court of D.C. Circuit to halt oil flow REJECTED March 18, 2017 Cheyenne River and Standing Rock Tribes sue...

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