2016-09-06 17:51:34

New Investigation Names Wall Street Banks Behind $3.8 Billion Dakota Access Pipeline

Over 1,000 people representing more than 100 tribes are gathered along the Cannonball River by the Standing Rock Sioux Reservation to resist the construction of the $3.8 billion Dakota Access pipeline. It’s been described as the largest unification of Native American tribes in decades. On September 3, the Dakota Access pipeline company attacked Native Americans with dogs and pepper spray as they resisted the construction of the $3.8 billion pipeline on a sacred tribal burial site. Saturday was also the first day of a two-week call for actions against the financial institutions that are bankrolling the $3.8 billion Dakota Access pipeline project. A new investigation has revealed that more than two dozen major banks and financial institutions are helping finance the Dakota Access pipeline. The investigation was published by the research outlet LittleSis. It details how Bank of America, HSBC, UBS, Goldman Sachs, Wells Fargo, JPMorgan Chase and other financial institutions have, combined, extended a $3.75 billion credit line to Energy Transfer Partners, the parent company of Dakota Access.

Meet the Banks Financing Attacks on Protesters

 

Big Banks Citi Bank Dakota Access Pipeline Goldman Sachs JP Morgan Morgan Stanley Wall Street Wells Fargo

Related

The David Pakman Show

Goldman Sachs Report Says Biden Would be Great for Economy

Goldman Sachs Report Says Biden Would be Great for Economy

Economic Update with Richard D. Wolff

Economic Update: Capitalism's Anxiety About the State

Economic Update: Capitalism's Anxiety About the State

Rising Up With Sonali

10 Years After Financial Reforms, Public Wants More Regulation

10 Years After Financial Reforms, Public Wants More Regulation

The Thom Hartmann Program

Democracy Was Just Sold To Wall Street

Democracy Was Just Sold To Wall Street