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