Honor the Earth joins numerous partners pushing NYC Mayor de Blasio to DIVEST from the banks funding Dakota Access.
Contact Mayor de Blasio HERE: http://www1.nyc.gov/office-of-the-mayor/contact-the-mayor.page
As groups supporting the Indigenous-led movement opposing the Dakota Access pipeline, we were heartened by your remarks on Friday indicating your openness to divesting the City’s pension funds from the banks that fund this destructive project. Many of the largest banks, which the City also uses for its business, are financing Energy Transfer Partners, Energy Transfer Equity and Sunoco Logistics to build the pipeline, threatening the drinking water of over 17 million people and contributing to further carbon emissions and climate change. Now, Trump is determined to force through Dakota Access. We urge you to follow through on your thoughtful statements by divesting New York City’s pension funds from the banks that are refusing to withdraw from financing the pipeline and also consider cancelling the city’s direct business with these entities.
Last week, the City of Seattle moved to end its long-time business relationship with Wells Fargo, which is one of the largest financiers of Dakota Access contributing $467 million in loans and credit guarantees as of September of 2016 to the $3.8 billion project, which would funnel 400,000 barrels of oil per day from the Bakken fields. (A full list of financial backers as researched by Food & Water Watch can be found below).
It is clear that Trump and the North Dakota government are acting with the best interests of corporations in mind, not the well-being of the people. The United States has a long history of trampling the rights of indigenous peoples, a history which Trump and North Dakota seek to continue. Pipeline spills and accidents are all too common, and this project will contribute to the ongoing climate crisis.
New York City must not stand idle as this attack on Native Americans, water quality, and our collective future unfolds. We applaud your willingness to consider action to help stop Dakota Access and assert our rights to have a say in how our money is invested. Please divest the city’s pension funds and its business from Wells Fargo and the other banks financing Dakota Access. We thank you for considering our request and thinking of the seventh generation. We have a duty to ensure clean drinking water for those yet to come.
Cc: NYCERS Trustees Hon. Scott Stringer, New York City Comptroller, Hon. Leticia James, New York City Public Advocate Hon. Gale Brewer, Manhattan Borough President Hon. Eric Adams, Brooklyn Borough President Hon. Roben Diaz Jr., Bronx Borough President Hon. Melinda Katz, Queens Borough President Hon. James Oddo, Staten Island Borough President Mr. Henry Garrido, Executive Director, District Council 37, AFSCME Mr. John Samuelson, President Transport Workers Union, Local 100 Mr. Gregory Floyd, International Brotherhood of Teamsters, Local 237