The key Dakota Access loan, says Rainforest Action Network’s Amanda Starbuck, is still pending. It’s a multibillion-dollar line of credit, but only $1.1 billion of the loan can be doled out until the company “resolves certain governmental permits.” Citi, Mizuho, Bank of Tokyo MUFJ, and Mizuho Bank are leaders on that loan.
…
“Oil companies are always going to drill for oil and build pipelines—it’s why they exist,” says RAN’s Scott Parkin. “But the banks funding this pipeline have a choice as to where they put their money. Right now, Citibank, TD Bank, and others have chosen to invest in a project that violates indigenous rights and destroys the climate.” (read more)