US Bank Promised to Stop Funding Pipelines.
Last spring, responding to pressure on the Dakota Access Pipeline, US Bank CEO Andrew Cecere won praise from Indigenous and climate advocates when he promised shareholders that US Bank would stop lending to oil and gas pipelines.
Eight Months Later, it Broke That Promise.
In the closing weeks of 2017, US Bank quietly signed onto a $5 billion credit arrangement with Energy Transfer Partners (ETP), the company behind the Dakota Access Pipeline, that is now building more than 1,200 miles of pipelines throughout the U.S.
Tell US Bank to join lenders already backing away from ETP and its reckless pipelines.