Norway.. and the Dakota pipeline

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  • November 2, 2016 at 7:56 am #56626
    Avatar photowv
    Participant

    Interesting little site.
    w
    v

    News in English : News and views from Norway
    link:http://www.newsinenglish.no/2016/11/01/norway-caught-in-pipeline-uproar/

    …Oil Fund mum
    A spokesman for the Oil Fund, which has invested around NOK 6.7 billion in some of the companies involved, refused to comment on the individual investments. “But we expect that companies in which we invest respect human rights and keep them in consideration in their business activities,” he told Aftenposten.

    Several indigenous Sami people from Norway have traveled to the US to take part in the pipeline protests. Now they’ve also written a letter to the Norwegian Finance Ministry’s ethics council that monitors Oil Fund investments. “We’re asking the ethics council to evaluate whether the Oil Fund should withdraw its investments in companies tied to the oil pipeline,” Silje Karina Muotka of the Sami Parliament told Aftenposten.

    The Oil Fund has stressed that it has no direct interest stakes in the pipeline project, rather in the companies owning the project. The council responded that “responsible management” is an important part of the Oil Fund’s work.

    DNB ‘can understand the concerns’
    DNB’s stake in the pipeline project is more direct and “worthy of criticism,” Sjåfjell said. “This issue illustrates the banks’ power very well. It’s the banks that have made the pipeline project possible (by financing it).”

    She thinks DNB is heading into an ethical…. see link

    November 2, 2016 at 8:56 am #56629
    Avatar photoBilly_T
    Participant

    Thanks for the article and the site, WV.

    This is a huge deal, this stand. And the Native peoples standing up to Big Oil and its backers in Congress, the White House, the courts, etc. etc. . . . are heroes in my book.

    HRC has caught well-deserved flak for remaining silent — until a few days ago. Likely far too many corporate and donor ties for that half of the money party. The Guardian has an article about Trump’s investments in the pipeline here:

    Dakota Access pipeline company and Donald Trump have close financial ties

    We have to go outside the duopoly to find folks who actually and actively care about the environment, tragically. Like Stein.

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