These Cities Are Pulling Billions From the Banks that Support the Dakota Access Pipeline
Original story at The Nation• 51 mentions • 2 months ago
The Nation 2 months ago
Last September, as water protectors faced down militarized police in North Dakota’s rural riverlands, activists in Seattle set out to withdraw municipal money from banks backing the Dakota Access Pipeline (DAPL). Above all, they sought to cut their city’s ties to Wells Fargo, the Wall Street leviathan that has generously financed and serviced the pipeline’s parent companies. From the start, the Seattle agitators saw their effort as the spark that might ignite a nationwide divestment drive. They meant to be a model. “We knew if we succeeded here we could create ripple effects in other communities around the country,” says ...