Posted by on Mar 16, 2017 in Featured

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

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

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 Bank of America that entrusts $10 billion in City cash flow to the bank. The contract is set to expire August 31, 2018, and has already been in jeopardy under a San Francisco ordinance barring contracts with companies based in anti-LGBTQ states (Bank of America is based in North Carolina). The unanimous vote came after The Coalition, joined by Madonna...

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Posted by on Mar 15, 2017 in Featured

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

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

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 due to the increased capacity of transported oil and the lowering of the costs to transport the oil. Drilling is still taking place on the final phase of the pipeline, the hotly contested area underneath Lake Oahe on the Missouri River. Despite a recent executive order by the Trump administration to complete the pipeline, in addition to reviving the Keystone...

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Posted by on Mar 13, 2017 in Featured

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

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

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 in history, with over $5.44 trillion now committed to some form of divestment from fossil fuels. Institutions committed to divestment include the World Council of Churches, the Californian State employee pension board and the entire nation of Ireland. Yet, despite this, the City of Seattle’s pension fund is still heavily invested in coal, tar sands and other fossil fuel corporations,...

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Posted by on Mar 13, 2017 in Featured

Caricature of History by “Kuni” Tyrone Ross Thompson

Caricature of History by “Kuni” Tyrone Ross Thompson

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 where we begin because people are defined relentless division and enrollment subjugated For 162 years they had a few compromise creating a sick environment energies conflicting to our own demise as if they can fractionalize all 270 bones, four chambers of the heart, & demonize Anyone if they hint at any remembrance to our own indigenous roots accord with inherent...

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