Who's Banking on the Dakota Access Pipeline? - powerful financial & corporate interests on Wall St
The Standing Rock Sioux are inspiring the world with their resistance against the pipeline. But its not just Big Oil and Gas that theyre opposing.
When the Army Corps of Engineers issued a permit for the 1,100-mile Dakota Access Pipeline in July, executives at the corporations behind the plan probably thought their path forward was clear. Theyd moved easily through the permit process, seemingly dodging the concerns of people affected by the pipeline, and were ready to go ahead with construction.
But the communities in the pipelines path, especially local tribes, had other ideas. Thousands of people, mostly Native Americans, have converged at the Standing Rock Sioux Reservation in North Dakota in an effort to stop the pipeline from being built. The Standing Rock Sioux call the pipeline a black snake, and they know that if it were to rupture and spill a serious risk, given the well-documented history of pipeline leaks in the U.S. it could poison their drinking water and pollute their sacred land.
As we will detail, the Standing Rock Sioux are not just up against the oil and gas industry and the federal government, as daunting a challenge that alone would be. They are up against the many of the most powerful financial and corporate interests on Wall Street, the profit-driven institutions that are bankrolling this pipeline plan and so many others like it throughout the country.
http://www.foodandwaterwatch.org/news/who's-banking-dakota-access-pipeline