Brave New Films · August 31 2016 · A new investigation revealed that more than two dozen major banks and financial institutions are helping finance the Dakota Access pipeline. The investigation was published by the research outlet LittleSis. It details how Bank of America, HSBC, UBS, Goldman Sachs, Wells Fargo, JPMorgan Chase and other financial institutions have, combined, extended a $3.75 billion credit line to Energy Transfer, the parent company of Dakota Access LLC.
The Dakota Pipeline would transport 470,000 barrels of crude oil a day from North Dakota into Illinois.
The Standing Rock Sioux Tribe filed a complaint in federal court alleging that “the construction and operation of the pipeline … threatens the Tribe’s environmental and economic well-being, and would damage and destroy sites of great historic, religious, and cultural significance to the Tribe.” There are also concerns that digging the pipeline
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