News

Seattle votes to divest billions of dollars from Wells Fargo over Dakota Access pipeline

Seattle could pull billions of dollars out of its longtime bank because of its role in the construction of the Dakota Access oil pipeline. On Wednesday, a Seattle City Council committee voted unanimously to divest nearly $3 billion of the city’s funds from Wells Fargo, one of 17 financial institutions involved in financing the contentious project. Although the bill still has to undergo a procedural vote by the full council on Tuesday, it is "widely expected to pass," activist Shaun King wrote in the Daily News. During the hearing, councilwoman Debora Juarez said that committee members all agreed that divestment was the city’s "goal."

by Jasmin Malik Chua

Full Story: http://inhabitat.com/seattle-votes-to-divest-billions-of-dollars-from-wells-fargo-over-dakota-access-pipeline/

Sorry, we couldn't find any posts. Please try a different search.

Leave a Comment

You must be logged in to post a comment.