The Standing Rock Sioux Tribe and a historic number of allied tribes continue to work to prevent the construction and operation of the Dakota Access Pipeline (DAPL) across Tribal lands. After months of opposition, the Army Corps of Engineers recently announced they will not grant the permit for the pipeline to drill under the Missouri river, handing a major win to Tribes and environmental activists. The Army Corps will undertake an environmental impact statement and look for alternative routes. Energy Transfer Partners (the pipeline company), supported by police forces, have subjected demonstrators to violence and human rights abuses under international laws. After a protracted struggle, some Native leaders voiced caution, noting the incoming Republican president and hints that the energy company will appeal the Army Corps decision.
Asset owners may hold investments with banks and companies involved in or benefiting from DAPL and are wondering how to respond. What can concerned investors do to support the DAPL Water Protectors? How can investors ensure that the recent win for Tribes is upheld, and that similar scenarios do not play out in future projects? See a diagram of the companies invested in DAPL here. Investors and other asset owners can use three commonly available tools – advocacy, shareholder engagement and divestment – to make an impact. Several investment managers and their clients are supporting the action with investor letters and shareholder actions. Still more are considering divestment from these holdings.
Our panelists will share their personal perspectives and discuss what they are doing to answer these questions. Winona LaDuke, esteemed Tribal Leader, environmentalist, economist, and writer will share an update from Standing Rock, and her perspective about what needs to be done to ensure the project is halted. She will be joined by Ivan Frishberg at Amalgamated Bank. The Bank recently announced divestment of its $4 billion USD commercial assets from fossil fuel holdings. The discussion will be moderated by Sarah Shanley Hope at the Solutions Project, which works towards the vision of a 100% renewable energy economy.
This webinar is organized by Confluence Philanthropy in partnership with Divest-Invest Philanthropy.
Questions? Please contact Josh Ente, Membership Program Manager, josh@confluencephilanthropy.org
12/20/16 1:00pm — 2:30pm
The Standing Rock Sioux Tribe and a historic number of allied tribes continue to work to prevent the construction and operation of the Dakota Access Pipeline (DAPL) across Tribal lands. After months of opposition, the Army Corps of Engineers recently announced they will not grant the permit for the pipeline to drill under the Missouri river, handing a major win to Tribes and environmental activists. The Army Corps will undertake an environmental impact statement and look for alternative routes. Energy Transfer Partners (the pipeline company), supported by police forces, have subjected demonstrators to violence and human rights abuses under international laws. After a protracted struggle, some Native leaders voiced caution, noting the incoming Republican president and hints that the energy company will appeal the Army Corps decision.
Asset owners may hold investments with banks and companies involved in or benefiting from DAPL and are wondering how to respond. What can concerned investors do to support the DAPL Water Protectors? How can investors ensure that the recent win for Tribes is upheld, and that similar scenarios do not play out in future projects? See a diagram of the companies invested in DAPL here. Investors and other asset owners can use three commonly available tools – advocacy, shareholder engagement and divestment – to make an impact. Several investment managers and their clients are supporting the action with investor letters and shareholder actions. Still more are considering divestment from these holdings.
Our panelists will share their personal perspectives and discuss what they are doing to answer these questions. Winona LaDuke, esteemed Tribal Leader, environmentalist, economist, and writer will share an update from Standing Rock, and her perspective about what needs to be done to ensure the project is halted. She will be joined by Ivan Frishberg at Amalgamated Bank. The Bank recently announced divestment of its $4 billion USD commercial assets from fossil fuel holdings. The discussion will be moderated by Sarah Shanley Hope at the Solutions Project, which works towards the vision of a 100% renewable energy economy.
This webinar is organized by Confluence Philanthropy in partnership with Divest-Invest Philanthropy.
Questions? Please contact Josh Ente, Membership Program Manager, josh@confluencephilanthropy.org