WPLC CS Bank Divestment Letter

The attached document is a 13 page letter from WPLC Board Members Brandy Toelupe (President) and Robin S. Martinez (Secretary), in coordination with others, requesting Credit Suisse to stop funding pipeline projects without the Free, Prior, and Informed Consent of indigenous peoples.

Parts of the document read:

“We request that Credit Suisse (“CS”) immediately withdraw current and prohibit future lending commitments to Energy Transfer Partners, Enbridge, Kinder Morgan and TransCanada, four companies behind the Dakota Access, Keystone XL, and other pipelines planned without the Free, Prior, and Informed Consent of indigenous peoples. The Dakota Access Pipeline’s construction and use violates fundamental human rights, violates treaty-based customary “good faith” international law, policy, and the rights of indigenous peoples as expressed by the United Nations, violates the 1851 and 1868 Fort Laramie Treaties between the government of the United States and the Great Sioux Nation (the Oceti Sakowin), and conflicts with numerous international human rights standards, norms, and principles. The Keystone XL and other pipelines raise similar concerns with respect to treaty-based customary “good faith” international law, policy, and the rights of indigenous peoples…

Moreover, the actions of the Dakota Access Pipeline are contrary to human rights policies that include the following, Credit Suisse’s own stated:
o Water Contamination and use;
o Prevention, preparedness and response for oil spills and /or gas leaks; o Worker and community health and safety;
o Public involvement, consultation and disclosure;
o Human rights Credit Suisse will not finance or advise oil and gas companies against which there is credible evidence of involvement in grave human rights abuses such as, e.g., forced labor, employment of children or the use of violence against local communities and indigenous groups;
o Violations of local laws.

As this letter has discussed at length, the social and environmental impacts of DAPL are severe, and fall disproportionately on North Dakota’s indigenous population. Credit Suisse’s cannot respect human rights while providing credits, loans, and assistance to the perpetrator of America’s latest great human rights crisis.”

Read the letter in its entirety here: WPLC CS Bank Divestment Letter 5 31 2017