Norwegian Private Investment Manager Divest $34.8 Million from firms Tied to the Dakota Access PipelineTweet
Norway – A Norwegian private investor is divesting $34.8 million from companies tied to the Dakota Access pipeline.
According to the Guardian, “Storebrand, a sustainable investment manager with $68bn in assets, sold off $34.8m worth of shares in Phillips 66, Marathon Petroleum Corporation, and Enbridge, the company announced Wednesday. The three companies are partial owners of the pipeline.”
“We hope that our actions and the actions of other like minded investors in either divesting or calling for an alternative [pipeline] route will make some sort of an impact.” Matthew Smith Storebrand
A growing movement to divest from banks and companies tied to the Dakota Access pipeline and Energy Transfer has been steadily growing after the Seattle City Council voted on February 7th to divest $3 billion from Wells Fargo due to its ties to the Dakota Access pipeline.
by Wakíƞyaƞ Waánataƞ (Matt Remle- Lakota)