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USA: Environmental NGOs criticise banks' funding of Dakota Access Pipeline, concerned about pollution, indigenous rights

Through the controversy over the Dakota Access Pipeline, NGOs have questioned the role of banks in financing the pipeline's construction and the companies developing it.  In February 2016, after the US Government issued final permits for the pipeline's construction, Rainforest Action Network said, "Disbursement of this project loan is a key test of the seriousness of these banks’ commitments to human and Indigenous rights."

We invited the banks named by Rainforest Action Network to respond. The responses received from banks are below.

For further details regarding the Dakota Access Pipeline; concerns over environmental impacts, indigenous peoples' rights, and rights of protesters; and the perspectives of companies and other stakeholders, see our In-depth area on human rights concerns regarding the pipeline.

Company Responses

Citigroup View Response
Mizuho Financial Group View Response
Bank of Tokyo-Mitsubishi UFJ (part of Mitsubishi UFJ)

No Response

SMBC Nikko Securities

No Response

Toronto-Dominion Bank (TD Bank) View Response
Wells Fargo View Response

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