DAPL Bankers Face Big Losses

Bankers across the globe get hit hard for investing in DAPL. The same week as the City Council of  Santa Monica, CA. voted to divest  from Wells Fargo with a 2.5 billion dollar impact following the 3.0 billion bite from the city of Seattle, WA approving to divest from Wells Fargo the second week in February 2017 against DAPL.

CalPERS  a California Retirement system with a  staggering 6.5 Billion dollar investments has shareholders and investors in 16 or the 17 banks backing DAPL has written a formal request to the banks on rerouting the DAPL pipeline to avoid the treaty territory.

lastchildcamp
Picture courtesy of Digital Warriors

With over 100 investors signatures from across the U.S representing 653 billion dollars in assets on six page of the PDF formal request published on February 17th, 2017.

Sacred Stone Camp has been surrounded this last week with militarized police, National guard and DAPL security within yards of the camp.The tension mounts at Oceti Skewing camp with barricades being installed in multiple places on the road and check points, the clean up, and an eviction notice handed to water protectors on Wednesday February 15,2017 video from Digital Smoke Signals .

“We are pleased to join our fellow investors to help address the community concerns and caliper_editedenvironmental risks that can impact the long-term returns of our investments,” said Anne Simpson, CalPERS’ investment director, sustainability. “We believe that engaging with the companies we own is the first course of action to effect change and a preferred option over divestment where we lose our voice as an investor.”  stated Communications & Stakeholder Relations

 

Update : February 23, 2017 German Bank Divests

“BayernLB, who currently has $120 million invested into the Dakota Access pipeline, has been a target of environmental groups and supporters of water protectors at the Standing Rock Sioux Tribe to divest from both the pipeline and fossil fuels and to invest in a green future.”

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