While election madness reached full tilt in recent days, opposition to the Dakota Access Pipeline experienced a quiet victory — Norway’s largest bank, DNB, will consider pulling its hefty investment in the project if concerns from the Standing Rock Sioux Tribe are not addressed.
DNB, EcoWatch reports, has reportedly loaned around $350 million to Energy Transfer Partners for the construction of the pipeline — fully 10 percent of the total cost — but is worried the rights of Native Americans are being trampled in the process.
“DNB looks with worry at how the situation around the pipeline in North Dakota has developed,” the financier said in a statement cited by Reuters. “The bank will therefore take initiative and use its position to bring about a more constructive process to find a solution to the conflict.
If these initiatives do not give appeasing answers and results, DNB will consider its further involvement in the financing of the project.
Apprehension over solicitous violence police have employed against the Standing Rock Sioux water protectors and their supporters drove the bank to review its investment in the enormously controversial pipeline. Multiple clashes between law enforcement and peaceful opposition finally began leading international headlines after American corporate media largely ignored escalating tensions.