US BANK: #DEFUNDETP
US Bank, after promising to stop funding oil and gas pipelines, quietly helped to finance a $5 Billion line of credit to ETP. Tell US Bank to join lenders already backing away from ETP and its reckless pipelines. Sign the petition:
US Bank Promised to Stop Funding Pipelines.
Last spring, responding to pressure on the Dakota Access Pipeline, US Bank CEO Andrew Cecere won praise from Indigenous and climate advocates when he promised shareholders that US Bank would stop lending to oil and gas pipelines.
Eight Months Later, it Broke That Promise.
In the closing weeks of 2017, US Bank quietly signed onto a $5 billion credit arrangement with Energy Transfer Partners (ETP), the company behind the Dakota Access Pipeline, that is now building more than 1,200 miles of pipelines throughout the U.S.
Campaign Blogs & Press Releases
The pressure on US Bank to end its relationship with oil and gas pipeline companies has been mounting over the last five months. Late last year, dozens of groups sent the bank a letter, demanding an end to its financing of Energy Transfer Partners (ETP). Instead, US Bank doubled down and joined a massive new … Read MoreRead More
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.Read More
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 MoreRead More