Who's Banking on the Dakota Access Pipeline?

November 30, 2016
40% ownership60% ownership38.25% ownership25% ownershipGeneral Partner -- 100% ownershipGeneral Partner -- 90% ownershipGeneral Partner -- 10% ownership36.75% ownership50% ownership50% ownership$64,000,000$130,000,000$130,000,000$130,000,000$130,000,000$130,000,000$100,000,000$100,000,000$100,000,000$130,000,000$100,000,000$100,000,000$100,000,000$100,000,000$100,000,000$72,500,000$72,500,000$100,000,000$100,000,000$100,000,000$72,500,000$130,000,000$72,500,000$100,000,000$185,000,000$185,000,000$185,000,000$175,000,000$175,000,000$175,000,000$175,000,000$159,000,000$159,000,000$159,000,000$159,000,000$159,000,000$117,500,000$110,000,000$110,000,000$100,000,000$100,000,000$91,250,000$91,250,000$75,000,000$30,000,000$175,000,000$175,000,000$175,000,000$175,000,000$175,000,000Bank of AmericaCorporationJPMorgan Chase &Co.Goldman SachsMorgan StanleyWells Fargo &CompanyEnbridge EnergyPartnersEnergy TransferEquity, L.P.BNP ParibasThe Royal Bank ofScotland plcSunTrust BankCitizens Bank, N.A.HSBC Bank USA,N.A.PNC BankPNC Bancorp, Inc.Royal Bank ofCanadaCrédit Agricole Corporateand Investment BankIntesa SanpaoloBank of NovaScotiaBarclays Bank PLCDeutsche Bank AGTD Bank N.A.Marathon PetroleumCorporationEnergy TransferPartners, L.P.Phillips 66Sunoco LogisticsPartners LPThe Bank ofTokyo-MitsubishiUFJSumitomo MitsuiBankingCorporationING CapitalUS BankComerica BankBakken HoldingsCompanyDakota Access LLCMarEn BakkenCompanyCitibankCompass BankCredit SuisseMzuho BankDNB CapitalUBSCommunity TrustBank[Tips for phones:Touch lines for amounts committed;touch amount for data source.See below text, then click next$3.75 Billion$2.5 BillionBakkenPipelineto walk through the graph.By Food & Water Watch
 

Resistance to Dakota Access Grows

Energy Transfer Partners began construction of the Dakota Access Pipeline in May 2016, but the company's plans have hit a snag. 

In late July, the Army Corps of Engineers granted permits for the pipeline to cross beneath the Missouri and Cannon Ball Rivers without approval from the Standing Rock Sioux.

By late August 2016, more than 1500 people, mostly Native Americans, had responded to the tribe's call to action and converged at the Standing Rock Sioux Reservation to protect against construction of "the black snake." In an historic show of solidarity, 188 First Nations and American Indian tribes have united in opposition.

Also in August, Youth from Standing Rock completed a 2000-mile relay run to Washington, D.C., to bring the message of their #RezpectOurWater campaign to the White House, in their own show of opposition. 

The Dakota Access pipeline would run through the Dakotas and Iowa to Illinois, where oil would be sent to East Coast markets by train or to the Gulf Coast via another Energy Transfer Partners pipeline being converted to carry oil. 

Overall, the “Bakken Crude Pipeline” — to extend over 1,800 miles from near the Canadian border to the Gulf Coast of Texas — is costing about $4.8 billion, and is being sold as a key element of Energy Transfer Partners plans to "capitalize on U.S. energy exports," thanks to fracking.

This graph, made by Food & Water Watch for the Standing Rock Sioux and for the Bakken Pipeline Resistance Coalition, first revealed the banks banking against the Standing Rock Sioux and against all those responding to the tribe's call to action. (Food & Water Watch has since produced a second data visualization.)