For Immediate Release: BNP Paribas Bank stops funding tar sands, fracking -- Enbridge to lose $1.24B in corporate lending
On October 11, BNP Paribas, the 2nd largest bank in France and 4th largest corporate lender to Enbridge LLC, announced it will cease all funding of companies whose primary business is tar sands, fracking, or Arctic drilling. The news comes on the tail of several other banks divesting from the project level financing of Energy Transfer Partnership, the company behind the controversial Dakota Access Pipeline.
On February 1, 2016, four enrolled Ojibwe band members given citations last summer for exercising their treaty rights, appeared in court and pled not guilty, with a pre-trial conference scheduled for April 26, 2016. The MN Department of Natural Resources (DNR) gave the 4 citations on August 28, 2015. Two were cited for harvesting wild rice on Hole in the Day Lake without a Minnesota DNR permit (Morningstar and Harvey Goodsky) and two were cited for casting a gill net on Gull Lake (Todd Thompson and Jim Northrup). The four individuals were exercising their constitutionally-protected right to subsist off the land in the 1855 Treaty area. The civil disobedience action was organized by the 1855 Treaty Authority in an effort to have these rights clarified and validated by federal courts. Read more.....