The pipeline is threatening not only to destroy sacred Sioux lands, but poison drinking water supplies.
The Standing Rock Sioux tribes that are protesting to stop the Dakota Access Pipeline have their work cut out for them. Not only are they fighting against oil and fossil fuel companies, but big banks as well.
A new investigation by Food & Water Watch is shedding light on the financial backers of the Dakota Access Pipeline. The pipeline is threatening to not only destroy sacred Sioux lands, but poison drinking water supplies. The protestors managed to halt the project at least until Friday, even after being attacked and peppered sprayed by private contractors.
Almost 40 different financial institutions are involved in financing the construction of the pipeline:
The pipeline, and the protests against it, has long been compared to the Keystone XL pipeline. Both have significant criticism against them, with thousands protesting, being arrested, and enduring physical attacks. Their routes are very similar as well.
The following is a full list of the banks financially involved in the building of the Dakota Access Pipeline:
Bank of Nova Scotia
JP Morgan Chase
Bank of America
Sumitomo Mitsui Bank
Royal Bank of Canada
Royal Bank of Scotland
Bank of Tokyo Mitsubishi UFJ
ABN Amro Capital
DNB First Bank
SMBC Nikko Securities