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But Wait, U.S. Bank Has Not Stopped Funding Pipelines
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YES! Magazine - Orphan
Despite announcing its intent to stop pipeline project loans, U.S. Bank still gives massive amounts of general financing to oil giants who build pipelines.
So while they may not be providing project-level loans, U.S. Bank is certainly responsible for the continuing construction of thousands of pipelines.
None of these has project-level financing, so the targets are the pipeline companies themselves: TransCanada, Enbridge, and Kinder Morgan.
Not surprisingly,the banks funding all four pipelines are nearly the same as the list of DAPL funders compiled by Food & Water Watch.
If U.S. Bank is going to stop financing pipelines, it has to stop lending at the corporate level, too.
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