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.
Despite billions of dollars of investment in the Minnesota Pollution Control Agency to carry out environmental stewardship duties, the State of Minnesota insists on having the Department of Commerce do the environmental review for the largest fossil fuel infrastructure mega-project in state history. On May 18 meeting, the Environmental Quality Board voted to deny the people's request to transfer control of the Sandpiper/Line 3 EIS to the environmental agencies. Read on for more details and to watch the video of the Honor the Earth team (Winona LaDuke, Korey Northrup, Don Wedll, and Thane Maxwell) testifying at that meeting....Read more
This Thursday, September l0 at 9:00 am, Federal Judge Michael Davis will hear White Earth Nation v. Kerry. Plaintiffs, including the White Earth Band of Ojibwe, Honor the Earth and the Sierra Club, charge that the US State Department secretly approved Alberta Clipper aka the “switcheroo project,” skirting the environmental review required under the National Environmental Policy Act (“NEPA”) and the National Historic Preservation Act (“NHPA”). The State Department’s action has allowed Enbridge to switch lines at the border from the Alberta Clipper Line to an expanded and improved, (but aging) Line 3. The l6 mile border segment moves oil between the Clipper line and the Line 3 segment to, ostensibly, according to plaintiffs, avoid federal law. Read moreRead more