We — as customers and account holders — can pressure the lending banks to take a stand.
If you are thinking of moving your money to a bank not financing the Dakota Access Pipeline, please note where you currently bank so that we can have greater and more specific impact.
Petition to the 17 banks on the project loan for the Dakota Access Pipeline (Bank of Tokyo Mitsubishi UFJ, BayernLB, BBVA, BNP Paribas, Citigroup, Crédit Agricole, DNB ASA, ICBC, ING, Intesa Sanpaolo, Mizuho Bank, Natixis, SMBC, Société Générale, SunTrust Robinson Humphrey, TD Bank, Wells Fargo):
Stop supporting the Dakota Access Pipeline and disregarding the inherent sovereignty and rights of Indigenous peoples, including self-determination, Free, Prior and Informed Consent and the rights recognized and affirmed in the 1851 and 1868 Fort Laramie Treaties with the Sioux.
The vast majority of you have signed the Equator Principles, in which you commit to resolve differences to the satisfaction of Indigenous peoples. And, according to the United Nations Guiding Principles on Business and Human Rights, you all have a responsibility to respect human rights and remediate human rights violations linked to your business operations.
The militarized police actions against peaceful and unarmed water protectors have been widely and publicly condemned, and may result in a U.S. Department of Justice investigation into police misconduct and civil rights abuses.
Continuing to finance DAPL signals your approval of the use of militarized force against those asserting their First Amendment rights and traditional spiritual beliefs and practices, and disregard for Indigenous responsibilities to protect people, lands and water.
We demand that you discontinue DAPL loan disbursements until outstanding issues with the Standing Rock Sioux Tribe and the Seven Council Fires of the Great Sioux Nation – Oceti Sakowin are resolved, and Equator Principle 5, which requires Free, Prior and Informed Consent from Indigenous peoples, is upheld.
For months the Standing Rock Sioux Tribe, Oceti Sakowin headmen and elders, other Indigenous peoples and other water protectors and allies have been under siege while peacefully and prayerfully resisting the DAPL.
The pipeline was approved without environmental reviews, adequate assessment of cultural properties and sacred sites, or the Free, Prior and Informed Consent of the Standing Rock Sioux affirmed in the UN Declaration on the Rights of Indigenous Peoples.
In addition to violating sovereign Indigenous rights and responsibilities, continued pipeline construction and any spills pose significant and direct threats to sacred sites and water supplies for the Standing Rock Sioux, who live less than a mile downstream, and threaten direct harm to the Missouri River, which provides drinking water to millions of people.1
The companies responsible for the pipeline are Energy Transfer Partners (ETP) and Sunoco Logistics, who have a deplorable track record of pipeline spills and total disregard for Tribal rights, land and water.2
On December 4, the U.S. Army Corps of Engineers denied the easement needed to finish drilling under the Missouri River, saying it was necessary to produce an Environmental Impact Statement and analyze alternatives.3Yet ETP insists that the companies “fully expect to complete construction of the pipeline without any additional rerouting.”4
This could lead to banks financing an illegal activity. ETP and Sunoco are rushing to build a pipeline that is economically unnecessary today, and will become a stranded asset as the world moves away from climate-destroying fuels.
If DAPL does not deliver oil by January 1, shipper contracts will expire and the project will be in jeopardy.5 The Morton County Sheriff’s Department has violently repressed the water protectors in service of the corporate desperation to meet this timeline. Given further project delays as a result of the December 4 decision, that January deadline won’t be met.
The 17 banks financing the DAPL project have not yet disbursed all the loan funds they’ve committed. These banks now face a clear opportunity to reconsider further funding a project steeped in controversy and demonstrating material loss.
Public pressure is forcing DAPL’s lenders to confront the reality that they are backing companies who are openly defying the rule of law, undermining the regulatory process and authority of the U.S. Army Corps of Engineers and setting a dangerous precedent. Now these lenders must take a stand.
It is time for these banks to cut their losses and for us to turn up the heat.
Sign this petition to support the sovereignty and rights of Indigenous peoples and hold DAPL banks accountable.