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DNB sells stakes in companies involved in Dakota Access Pipeline over indigenous rights concerns

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Banks

Dodgy Deals

By: BankTrack
2016

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Overview of DAPL route. Photo: courtesy of CTVnews

Norway's biggest bank announced in November 2016 that it has sold its stakes in companies that are involved in the construction of the Dakota Access Pipeline. DNB’s holdings were worth around $3 million (26 million kroner). Additionally, DNB is reconsidering three separate loans it has made to help finance the pipeline. Read more.

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DNB Norway

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Dakota Access Pipeline United States

energy distribution | oil and gas

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