US Commercial Banks In For a Spring of Fossil Fuel Resistance

April 16, 2018Bayou Bridge, Mariner East, Press Release, Rover, US Bank

US commercial banks are gearing up for their annual general meetings, starting as early as this week, but they’re not alone in making plans for AGM season. A growing number of concerned communities and organizations are planning a series of interventions at this year’s bank shareholder meetings to pressure the banks to stop financing controversial oil and gas infrastructure projects.

StopETP coalition calls out U.S. Bank at annual Ethisphere gala

March 14, 2018Bayou Bridge, US Bank

Yesterday, a delegation from the StopETP coalition demonstrated outside the Ethisphere gala, an annual event honoring “the world’s most ethical companies.” Amazingly, U.S. Bank was among the honorees this year – despite their deeply hypocritical and deceitful lending practices in the pipeline and energy sector. At last year’s Annual General Meeting, U.S. Bank CEO Andrew … Read More

Hundreds gather in Minneapolis calling on US Bank to #DefundETP

February 12, 2018US Bank

Last week, the national spotlight was on Minneapolis for Super Bowl Sunday, where the Philadelphia Eagles pulled out a close victory over the New England Patriots. But much of the local spotlight in Minnesota was on the streets, where hundreds of activists braved frigid temperatures and blinding snow for a series of actions demanding the … Read More

Correspondence With US Bank

January 29, 2018US Bank

Here’s the letter we sent to US Bank outlining concerns about Energy Transfer Partners. And here’s the response from the bank.

US Bank’s Empty Promise

January 27, 2018US Bank

When ETP announced it was going to refinance its debt last November, our ears perked up. Amid the resistance to Dakota Access,  several of ETP’s lenders said they wouldn’t renew their loans. Now that the dust had settled at Standing Rock, would the banks follow through? Neither ING nor DNB joined ETP’s new $5 billion … Read More

US Bank Quietly Joins $4B Deal with Dakota Access Owner

December 20, 2017US Bank

Desmog summarizes the latest developments with US Bank. At a shareholder meeting this past spring, U.S. Bank announced it would be the first large American bank to completely stop issuing loans for oil and gas pipeline construction projects. Environmental groups, indigenous activists, and divestment advocates hailed U.S. Bank’s announcement as a triumph. Yet that triumph — and … Read More