DNB Bank Divests - Responses from Standing Rock
Indigenous Women's Divestment Delegation to Norway
OSLO, NORWAY (March 27, 2017) - Having travelled 5,000 miles from the United States to deliver an urgent message regarding the human rights and Indigenous rights violations in their homelands, the
Indigenous Women's Divestment Delegation to Norway and allies is pleased with the announcement from Norwegian bank, DNB, regarding the cancellation of its $2.5 billion USD credit line to fund the Dakota Access Pipeline (DAPL).
Through inputs from diverse groups and an independent investigation, DNB confirmed the
lack of consultation with the Standing Rock Sioux and violation of Indigenous rights. As a result, the financial institution has fully and completely divested from the project.
The Indigenous Women's Divestment Delegation to Norway, organized and supported by the
Women's Earth and Climate Action Network (WECAN) International in response to requests from frontline Indigenous women leaders, traveled to Norway late last week to share experiences from Standing Rock and request that financial institutions divest from DAPL and other fossil fuel developments, which threaten the cultural survival of their nations and peoples.
In strategic platforms, the Delegation members are providing direct testimony on the impacts of extractive industries, oil spills, and contamination - particularly on women and children. The Delegation has called for immediate fossil fuel divestment and is encouraging the pursuit of investment in a just transition to renewable energy.
The Delegation hopes DNB's decision to divest will reverberate to the 15 other international banks involved in DAPL and the Oil Fund to further actions for divestment in respect to human rights, inherent tribal sovereignty and treaty rights, water rights, and processes of consultation and consent of Indigenous peoples as recognized and required by the UN Declaration on the Rights of Indigenous Peoples.
Today, Monday March 27, the Delegation will continue in action towards this goal during a meeting with the Council on Ethics of the Oil Fund. Later this week, public events and a press conference will be held during which spokeswomen will share their firsthand experiences from Standing Rock, and analysis of the recent DNB divestment.
Members of the press are encouraged to reach out with questions and media requests for spokeswomen -
Dr. Sarah Jumping Eagle (Oglala Lakota and Mdewakantonwan Dakota living and working on the Standing Rock Sioux Reservation);
Wasté Win Young (Ihunktowanna/Hunkpapa of the Standing Rock Sioux Tribe, Former Tribal Historic Preservation Officer);
Tara Houska (Anishinaabe, tribal attorney, National Campaigns Director of Honor the Earth, and former advisor on Native American affairs to Bernie Sanders);
Autumn Chacon (Diné/Navajo writer and performance artist); and
Michelle Cook (Diné/Navajo, human rights lawyer and a founding member of the of the Water Protector Legal Collective at Standing Rock).
[Full spokes-women biographies available here]
"DNB divesting from the Dakota Access Pipeline and Energy Transfer partners is encouraging. This is the first wave of funders and corporations being held accountable by the people who want a future for our children based on renewable energy." explains Dr. Sarah Jumping Eagle, Oglala Lakota and Mdewakantonwan Dakota living and working on the Standing Rock Sioux Reservation
"We are thrilled with DNB's decision to divest from DAPL and respect indigenous human rights and tribal sovereignty. We hope that this decision will spread to the other 15 banks and the Oil Fund to completely divest." explains Michelle Cook, Diné/Navajo, human rights lawyer and a founding member of the of the Water Protector Legal Collective at Standing Rock)
"As the divestment of DNB from the Dakota Access Pipeline shows, this fight is far from over, and we do have the power to expose and alter the practices of those funding and constructing such devastating extraction projects. With the voices of frontline Indigenous women leaders at the forefront - we are spreading a clear message across the country and across the world. It is far past time to respect and uphold the rights of Indigenous Peoples and human rights, and it is far past time to end the desecration of our common home, Earth. Global citizens must become keenly aware of the violations being perpetrated by state actors and corporations, and we must continue to demand full fossil fuel divestment now. A healthy and just world is possible, and we will continue to raise our voices and act ceaselessly until it has come to fruition." explained Osprey Orielle Lake (Executive Director of the Women's Earth and Climate Action Network, WECAN)
"I am happy with DNB bank's decision to fully divest from DAPL. This proves that there is a wave of social consciousness sweeping through Norwegian financial institutions that set the global stage on what constructive dialogue looks like in terms of respecting the rights and hearing the voices of Indigenous people. For every dollar spent on projects like DAPL, there are families being torn apart, voices being suppressed, military states being financed and natural resources being stripped from our future generations in the name of a fuel source that is a dying breed." explained Tanyette Colon, Activist and Filmmaker
The Women's Earth and Climate Action Network (WECAN International) is a solutions-based, multi-faceted organization established to engage women worldwide as powerful stakeholders in climate change, climate justice, and sustainability solutions. WECAN International was founded in 2013 as a project of the 501(c)3 Women's Earth and Climate Caucus (WECC) organization.
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