Fantastic News!!! Investors Urge Banks To Support Rerouting Dakota Access Pi

Fabulous news!

Investors Urge Banks To Support Rerouting Dakota Access Pipeline

[From HuffPost]
A group of more than 120 investors on Friday told 17 banks financing construction of the Dakota Access Pipeline that the project should be rerouted away from a Native American tribe’s reservation.

“We are concerned that if DAPL’s projected route moves forward, the result will almost certainly be an escalation of conflict and unrest as well as possible contamination of the water supply,” said the statement to banks, including Citibank and Wells Fargo, which have lent money to the companies behind the 1,172-mile oil pipeline.

The group of investors includes California’s giant public employee pension fund, CalPERS; New York City teacher and firefighter pensions; dozens of religious organizations; and asset management firms. They have a combined $653 billion in managed assets, according to the statement.

https://www.huffingtonpost.com/entry...b045cd34c1946e

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​The following article was forwarded by Maggie Coshnear, and it includes the text of the actual letter sent by the group of more than 120 investors:

Bank Investors Want Dakota Access Pipeline Rerouted
[Santa Monica Observer]
"We call on the banks to address or support the Tribe's request for a reroute and utilize their influence as a project lender to reach a peaceful solution that is acceptable to all parties, including the Tribe."

https://www.smobserved.com/story/201...39.html​

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​Also note in a Jan. 30, 2017 article, Fortune Magazine is advising investors to steer clear of the Keystone XL Pipeline (KXL) ​AND Dakota Access Pipeline (DAPL).

Investors Should Steer Clear of the Keystone Pipeline

"Public opposition to the project is so vast as to guarantee interminable litigation and the sort of costly headline civil disobedience that has worked so effectively against completion of the similarly financially rickety Dakota Access Pipeline."

https://fortune.com/2017/01/30/keyst...-donald-trump/


Awesome news!!!!


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this rocks!
:heart:

Actually, I saw this info a week ago ... Didn't know if it was true

https://i.redd.it/c7h9a11udtby.jpg