Claim: Wells Fargo and Chase are invested in the Dakota Access Pipeline.
Verdict: SUPPORTS

Retrieved passages:
title: Wells Fargo
text: to allege racketeering. Wells Fargo is a top investor in the Dakota Access Pipeline project in North Dakota, a 1,172-mile-long (1,886 km) underground oil pipeline project in the United States. The pipeline has been controversial regarding its necessity, and potential impact on the environment. In February 2017, Seattle, Washington's city council unanimously voted to not renew its contract with Wells Fargo "in a move that cites the bank's role as a lender to the Dakota Access Pipeline project as well as its "creation of millions of bogus accounts." and saying the bidding process for its next banking partner will involve

title: Dakota Access Pipeline
text: Norwegian bank DNB ASA announced in November 2016 to use its position as a lender of over $342 million credit "to encourage a more constructive process to find solutions to the conflict that has arisen." In February 2017, Seattle, Washington's city council unanimously voted to not renew its contract with Wells Fargo "in a move that cites the bank's role as a lender to the Dakota Access Pipeline project as well as its "creation of millions of bogus accounts" and saying the bidding process for its next banking partner will involve "social responsibility." The City Council in Davis, California, took

title: Dakota Access Pipeline
text: terminals in Nederland, Texas. The pipeline project costs $3.78 billion, of which $2.5 billion has been financed by loans, while the rest of the capital would be raised by the sale of a 49% stake in Dakota Access, LLC (36.8% indirect stake in the pipeline) to Enbridge and Marathon Petroleum. The loans have been provided by a group of 17 banks, including Citibank, Wells Fargo, BNP Paribas, SunTrust, Royal Bank of Scotland, Bank of Tokyo-Mitsubishi, Mizuho Bank, TD Securities, ABN AMRO Capital, ING Bank, DNB ASA, ICBC, SMBC Nikko Securities and Société Générale. Due to protests against the pipeline, the

title: Dakota Access Pipeline protests
text: bodies between Native elders and a privatized military force. We've stood in the face of fire before. We feel a responsibility to use the skills we have." In February 2017, Seattle, Washington's city council unanimously voted to not renew its contract with Wells Fargo in a move that cites the bank's role as a lender to the Dakota Access Pipeline project as well as its "creation of millions of bogus accounts" and said the bidding process for its next banking partner would involve "social responsibility." The City Council in Davis, California, took a similar action, voting unanimously to find a

title: Chase Bank
text: a "wide variety of merchants, including grocers and drug stores, that sell similar products". Financial documents from Energy Transfer Partners, the pipeline builder for the Dakota Access Pipeline, lists a number of large banking institutions that have provided credit for the project, including JP Morgan Chase. Because of these financial ties, Chase and other banks have been a target of the Dakota Access Pipeline protests during 2016 and 2017. Chase Bank J.P. Morgan Chase Bank, N.A., doing business as Chase Bank, is a national bank headquartered in Manhattan, New York City, that constitutes the consumer and commercial banking subsidiary of

title: Dakota Access Pipeline
text: Dakota Access, LLC, owns 75% of the pipeline while Phillips 66 owns a 25% stake. Energy Transfer Partners LP and Sunoco Logistic Partners LP owns together 51% and MarEn Bakken Company, the joint venture of Enbridge (75%) and Marathon Petroleum, owns 49% of the Dakota Access, LLC. It gives the following indirect stakes in the pipeline: Energy Transfer Partners and Sunoco Logistic Partners, both subsidiaries of Energy Transfer Equity LP, has announced their merger. Bakken Holdings Company and Phillips 66 also co-own another part of the Bakken system, the Energy Transfer Crude Oil Pipeline which runs from Patoka to storage

title: Citibank
text: the Dakota Access Pipeline project in North Dakota, a oil pipeline project. The pipeline has been controversial regarding its potential environmental impacts and impacts to Siouan sacred lands and water supply. According to a statement by Hugh MacMillan, a senior researcher on water, energy and climate issues, Citibank has been "running the books on this project, and that's the bank that beat the bushes and got other banks to join in." On December 13, 2016, students of Columbia University protested outside of the Citibank location on Broadway and 112th Street, by holding cardboard signs, chanting and passing flyers. Earlier that

title: Dakota Access Pipeline
text: stake in Dakota Access, LLC for $2 billion. The deal was completed in February 2017 after the final easement was granted. In September 2016 the U.S Department of Justice received more than 33,000 petitions to review all permits and order a full review of the project's environmental effects. On September 9, 2016, the US Departments of Justice, Army, and Interior issued a joint statement to temporarily halt the project on federal land bordering or under the Lake Oahe reservoir. The US federal government asked the company for a "voluntary pause" on construction near the area until further study was done

title: Energy Transfer Partners
text: company was renamed as Energy Transfer LP after it merged with Energy Transfer Equity. Dakota Access, LLC is a subsidiary of the company, tasked with building the Bakken pipeline, also known as the Dakota Access Pipeline. In April 2016, three federal agencies — U.S. Environmental Protection Agency, U.S. Department of Interior, and Advisory Council on Historic Preservation — requested a full Environmental Impact Statement of the pipeline. In July, the Standing Rock Sioux Tribe filed an injunction against the US Army Corps of Engineers to stop building the pipeline. A group of young activists from Standing Rock ran from North

title: Dakota Access Pipeline
text: a pumping station), Polk, Jasper, Mahaska Keokuk, Wapello, Jefferson, Van Buren, and Lee. The system includes one electric pump station. In Illinois, the route traverses 12 counties. Energy Transfer Partners approved and announced the pipeline project on June 25, 2014. In October 2014, Phillips 66 acquired 25% stake in the project. In September 2014, Dakota Access held an initial informational meeting with the Standing Rock Sioux Tribal Council. Informational meetings for South Dakota and Illinois landowners were held in October 2014, and starting on December 1, 2014, in each of the affected counties in Iowa. Meetings in Fort Madison, Sioux

title: Dakota Access Pipeline
text: a similar action voting unanimously to find a new bank to handle its accounts by the end of 2017. In March 2017, ING sold its stake in the loan, while retaining a potential risk in case of non-payment under the loan. The pipeline route runs from the northwestern North Dakota Bakken and Three Forks sites. It starts in Stanley, North Dakota, and travels in a southeastward direction to end at the oil tank farm near Patoka, Illinois. It crosses 50 counties in four states. In North Dakota, the route traverses seven counties. The project consists of of oil gathering pipelines

title: Dakota Access Pipeline
text: Partners CEO Kelcy Warren contributed $103,000 to the Trump campaign. Trump has said that he supports the completion of the pipeline project. According to his transition team this position "has nothing to do with his personal investments and everything to do with promoting policies that benefit all Americans." A former staffer of Iowa Governor Terry Branstad re-election campaign, Susan Fenton, who is now the director of government affairs with the Des Moines public relations firm LS2, is handling public relations for Energy Transfer. Texas governor Rick Perry was member of the Energy Transfer Partners and Sunoco Logistics Partners boards of

title: Dakota Access Pipeline
text: complete the pipeline, the decision was challenged in a lawsuit by the Cheyenne River Sioux. Sacred Stone Camp was cleared by local law enforcement on February 22, 2017. In December 2016, it was reported that Dakota Access LLC had hired the firm TigerSwan to provide security during the protest. In May 2017, internal TigerSwan documents leaked to "The Intercept" and other documents obtained through public records requests revealed a close collaboration between the pipeline company and local, state, and federal law enforcement as they carried out "military-style counterterrorism measures" to suppress the protesters. TigerSwan also collected information used to assist

title: Dakota Access Pipeline protests
text: The Dakota Access Pipeline, a part of the Bakken pipeline project, is a underground oil pipeline project in the United States. The pipeline was planned by Dakota Access, LLC, a subsidiary of the Dallas, Texas corporation Energy Transfer Partners, L.P. It begins in the Bakken oil fields in Northwest North Dakota and travels in a more or less straight line southeast, through South Dakota and Iowa, ending at the oil terminal near Patoka, Illinois. According to court records, the pipeline was due for delivery on January 1, 2017. Routing the pipeline across the Missouri River near Bismarck was rejected because

title: Sasja Beslik
text: of multinationals such as Boeing and Lockheed Martin. Beslik's approach was at the heart of a general shift towards long-term and sustainable investments in Nordic countries. When the Dakota Access Pipeline project became the target of protests in early 2016, Beslik visited the affected Sioux tribe and concluded that Native Americans had not been properly consulted. He quarantined three of Nordea's partner companies for the six months needed for a risk assessment and consultations with Greenpeace, which described it as a breakthrough. Beslik announced that Nordea would pull out if the companies breached the tribe's rights. When they refused to

title: Dakota Access Pipeline
text: Partners, L.P., started constructing the pipeline in June 2016. Its minor partners were Phillips 66, Enbridge, and Marathon Petroleum. The pipeline was completed by April 2017 and its first oil was delivered on May 14, 2017. The pipeline became commercially operational on June 1, 2017. Protests of the Dakota Access Pipeline occurred at several places because of concerns about the pipeline's impact on the environment and to sites sacred to American Indians. Indigenous nations around the country began opposing the pipeline, along with the Sioux tribal nations. In North Dakota, next to and on the Standing Rock Indian Reservation nearly

title: Dakota Access Pipeline
text: Dakota Access Pipeline The Dakota Access Pipeline (DAPL) or Bakken pipeline is a underground oil pipeline in the United States. It begins in the shale oil fields of the Bakken formation in northwest North Dakota and continues through South Dakota and Iowa to an oil terminal near Patoka, Illinois. Together with the Energy Transfer Crude Oil Pipeline from Patoka to Nederland, Texas, it forms the Bakken system. The $3.78 billion project was announced to the public in June 2014, and informational hearings for landowners took place between August 2014 and January 2015. Dakota Access, LLC, a subsidiary of Energy Transfer

title: Dakota Access Pipeline protests
text: SXL fully expect to complete construction of the pipeline without any additional rerouting in and around Lake Oahe. Nothing this Administration has done today changes that in any way. On January 24, 2017 newly elected President Donald Trump signed an executive order allowing the pipeline's construction to proceed. On February 8, 2017, the U.S. Army Core of Engineers (USACE) granted Dakota Access, LLC an easement based on the Mineral Leasing Act to cross Lake Oahe and finish construction of the pipeline. On February 9, 2017, the Court dismissed the Cheyenne River Sioux Tribe's motion for a restraining order citing Religious

title: Dakota Access Pipeline protests
text: On September 3, 2016, during Labor Day weekend, the Dakota Access Pipeline brought in a private security firm when the company used bulldozers to dig up part of the pipeline route that contained possible Native graves and burial artifacts; it was subject to a pending injunction motion. The bulldozers arrived within a day after the tribe filed legal action. Energy Transfer bulldozers cut a two-mile (3200 m) long, 150-foot (45 m) wide path through the contested area. When unarmed protesters crossed the perimeter fence to stop the bulldozers, the guards used pepper spray and guard dogs to attack. At least

title: Dakota Access Pipeline
text: in the region extending 20 miles (32 km) around Lake Oahe. Energy Transfer Partners rejected the request and resumed construction. On September 13, 2016, chairman and CEO of Energy Transfer Partners Kelcy Warren said concerns about the pipeline's impact on the water supply were "unfounded", that "multiple archaeological studies conducted with state historic preservation offices found no sacred items along the route" and that the company would meet with officials in Washington "to understand their position and reiterate our commitment to bring the Dakota Access Pipeline into operation." On November 1, 2016, President Obama announced his administration was monitoring the