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Empty Promise: US Bank Continues Pipeline Finance
Published by Oil Change International in partnership with Indigenous Environmental Network, Earthworks, Greenpeace, MN 350, and Rainforest Action Network, April 12, 2018
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Following waves of pressure over the controversial Dakota Access Pipeline (DAPL), US Bancorp (US Bank) CEO Andrew Cecere won praise from Indigenous rights and climate advocates when he announced to shareholders in April 2017 that US Bank would stop financing oil and gas pipelines.
Despite this landmark commitment, over the course of the last year, US Bank supplied finance worth more than USD 2 billion to companies building oil and gas pipelines. An
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