US Bank just broke its promise to stop lending to oil and gas pipelines — pocketing millions in fees from a massive credit deal with Energy Transfer Partners, the company behind the Dakota Access Pipeline.
Now, as the Bank prepares for what it describes as it its biggest publicity event ever — the Super Bowl at US Bank Stadium in Minneapolis — we’re making sure the world knows that US Bank can’t be trusted.
Sign the petition, and we’ll deliver it to bank executives during a high-profile event in Minneapolis during Super Bowl week that’s sure to get the Bank’s attention.
Last April, US Bank CEO Andrew Cecere won praise from Indigenous and climate advocates when he promised shareholders that US Bank would stop lending to oil and gas pipelines. Then, in the closing weeks of 2017, US Bank quietly signed onto a $5 billion credit facility (think of it like a credit card) with ETP.
Unlike US Bank, leading financial institutions are withdrawing from the oil and gas industry. ING and DNB banks have both upheld their commitments to cut ties with ETP. Last Fall, BNP Paribas, France’s largest listed bank, announced that it would no longer work with oil and gas companies that primarily do business in shale or tar sands. Then last month, the World Bank announced that it would end all financing to oil and gas extraction by 2019.
Next month, US Bank will be in the global spotlight as US Bank Stadium in Minneapolis hosts Super Bowl LII. So we’re working with our friends at MN350 to be sure the bank cant use the biggest sporting event of the year to distract from its decision to bankroll the bulldozers behind Dakota Access and ETP’s other climate-destroying projects.
Sign the petition that we’ll deliver to US Bank during the bank’s biggest publicity event of the year.