Banks Agree to Talk With Tribe (While Handing over Millions for Dakota Access)
Source: Yes! Magazine
Seven banks—including Wells Fargo, TD Bank, and Citibank—will meet with Standing Rock Sioux leaders after months of intense defund-DAPL pressure.
“We are pleased that some of the banks behind DAPL are willing to engage Standing Rock Sioux leadership, but maintain that all 17 should not be helping a company who deliberately ignores our concerns,” Dave Archambault II, the chairman of the Standing Rock Sioux tribe, said in a statement. “We call on the remaining banks to agree to a meeting with the tribe.”
The fact that most of the U.S.-based banks agreed to meet shows the pressure that pipeline opponents have been able to apply, says Daniel Apfel, a researcher at the Croatan Institute who has focused on divestment campaigns since 2011. He points out how similar tactics—a mix of meetings, protests, and account closures—successfully forced the bank PNC to stop financing mountaintop removal coal mining in 2015.
“Citi and Wells Fargo have their reputations on the line in a lot of ways right now,” he said.
Read more: http://www.yesmagazine.org/planet/banks-agree-to-talk-with-tribe-while-handing-over-millions-for-dakota-access-20170126?utm_source=YTW&utm_medium=Email&utm_campaign=20170127
At least $52 million has been withdrawn from these banks as part of the divestment campaign. Standing Rock campaign has been a hallmark leader of how to affect change when up against power & money.
We can learn from our indigenous peoples, I believe they will lead us out of self-destruction.
I stand in solidarity with Standing Rock!
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