Divestment Equals People Power!

According to an article put out by 350.org on the EcoWatch website (and reported elsewhere), U.S. Bank has become the first major bank to stop financing pipeline construction for oil and natural gas. In addition, they stated to their shareholders that the relationships with their clients in the oil and gas industry will be subject to “enhanced due diligence processes.”

The local 350.org group working in Minnesota (MN350) and involved in the fight against the Dakota Access Pipeline, said U.S. Bank made this decision in large part due to ongoing pressure from MN350 and many other local and national organizations and individuals calling for a divestment from banks who fund fossil fuel business and infrastructure projects. U.S. Bancorp is the parent company of U.S. Bank, which is based in Minneapolis and is the fifth largest bank in the United States based on assets.

The take-away here is this: Divestment Equals People Power!

The divestment movement is building momentum, but we ALL need to keep pushing and make our friends, colleagues and neighbors aware of the power they hold in their wallet to make change. We have a lot of work to do! Here’s where to begin:

  1. See if your bank is on the list. If they are, move your account(s) to one that is not on the list (a credit union is a safe bet) and be sure and let your old bank know that you have moved your accounts and tell them why. There is an example letter below.
  2. Check your credit cards. If the issuing bank is on the list identify a bank that isn’t and move the balance (if you have one) over to a new card and cancel the old card. Again, be sure and let them know why you canceled your card.
  3. Check your investments and retirement funds and insure you’re not investing your money in funds that support fossil fuels: http://app.greenamerica.org/fossil-free
  4. Write the banks funding the Atlantic Coast Pipeline: CHASE, Wells Fargo, RBC, Barclays, Bank of America, Scotiabank, Citi (see addresses below).
  5. Write the banks funding Fossil Fuels and DAPL: http://www.yesmagazine.org/people-power/how-to-contact-the-17-banks-funding-the-dakota-access-pipeline-20160929

Sample Letter Text:

Dear (Name of Bank Here),

I am writing to inform you that I am withdrawing all my funds from your institution and closing my accounts. I will work tirelessly to convince others to join me in doing so until your institution ceases investing in fossil fuels and related infrastructure (including all pipelines). I refuse to be a silent participant in your decision to support the destructive fossil fuel economy in general, and the Atlantic Coast Pipeline in particular. The Atlantic Coast Pipeline threatens air and water quality, farmland and violates sacred lands.

I strongly encourage you to broaden the care and integrity you reserve for your customers, shareholders, employees, and communities, to include your decisions about investing. When investment decisions affect the climate, then we are all stakeholders. Where investment decisions affect drinking water, the communities of greatest importance are those that are impacted.

I am satisfied with the service I have received from your institution, and I would welcome the opportunity to return as a customer. I will not do so until your actions reflect a standard of integrity that acknowledges the true impact of a financial institution.

Sincerely,

(Your Name Here)


Bank contact information from Yes Magazine:

Wells Fargo*

CEO Timothy J. Sloan
866-878-5865

BoardCommunications@wellsfargo.com
866-249-3302

Corporate Office:
Wells Fargo
420 Montgomery Street
San Francisco, CA 94104

BNP Paribas*

CEO Jean-Laurent Bonnafe
jean-laurent.bonnafe@bnpparibas.com

Corporate Office:
3 rue d’Antin
75002 Paris, France
00-33-157-082-200

U.S. Office:
787 Seventh Avenue – The Equitable Tower
New York, NY 10019
212-841-3000

SunTrust*

CEO William H. Rodgers Jr.

Corporate Office:
303 Peachtree Street NE
Atlanta, GA 30308
800-786-8787

Chief Communications Officer:
Sue Mallino
404-813-0463
sue.mallino@suntrust.com

The Bank of Tokyo-Mitsubishi UFJ*

Chairman Nobuyuki Hirano

CEO and President Takashi Oyamada

Corporate Office:
2-7-1, Marunouchi, Chiyoda-ku
Tokyo, Japan
81-3-3240-8111

U.S. Office:
1251 Avenue of the Americas
New York, NY 10020-1104
212-782-4000

Mizuho Bank*

President and CEO Nobuhide Hayashi

Corporate Office:
Otemachi Tower
1-5-5, Otemachi, Chiyoda-ku
Tokyo 100-8176, Japan
81-3-3214-1111

U.S. Office:
1251 Avenue of the Americas
New York, NY 10020
212-282-3000

Citibank (CitiGroup)*

CEO Michael Corbat
Michael.L.Corbat@citi.com
212-793-1201

Corporate Office:
388 Greenwich Street
New York, NY 10013
Phone: 800-285-3000 and 212-793-0710

TD Bank*

Group President and CEO Bharat Masrani
Bharat.masrani@td.com
416-982-9001

Corporate Office:

P.O. Box 1, TD Bank Tower
66 Wellington Street W
Toronto, Ontario
M5K 1A2

U.S. Office:

31 West 52nd Street
New York, NY 10019-6101
212-827-7000

Credit Agricole*

CEO Jean-Paul Chifflet
Jean-Paul.Chifflet@credit-agricole-sa.fr

Office:
12, Place des Etats-Unis
Montrouge, France 92545
33-1-43-23-52-02

U.S. Office:
1301 Avenue of the Americas,
New York, NY 10019
infoamericas@ca-cib.com

Intesa SanPaolo*

CEO Carlo Messina

Corporate Office:
Piazza San Carlo, 156
10121 Torino, Italy
39-011-555-1

Corporate Social Responsibility Unit:
39-02-8796-3435
CSR@intesasanpaolo.com
sostenibilita.ambientale@intesasanpaolo.com

Natixis*

CEO Jean Raby

Corporate Office:
Natixis Global Asset Management, S.A.
21 quai d’Austerlitz
75634 Paris Cedex 13, France
33-1-78-40-90-00

U.S. Office:
Natixis Global Asset Management, L.P.
399 Boylston Street
Boston, MA
617-449-2100

BayernLB*

CEO Johannes-Jorg Riegler

Head of Communications:
Matthias Priwitzer
Matthias.Priwitzer@bayernlb.de
49-89-2171-21255

Corporate Office:
Brienner Straße 18
80333 Munich
49-89-2171-27176

U.S. Office:
560 Lexington Avenue
New York City, NY 10022
212-310-9800

BBVA Securities*

CEO Carlos Torres Villa

Executive Chairman Francisco Gonzalez Rodriguez

Corporate Office:
Calle Azul, 4
28050 Madrid, Spain

34-902-22-44-66

ICBC London*

CEO and Managing Director Jin Chen

Corporate Office:
20 Gresham Street
London EC2V 7JE, United Kingdom
44-203-145-5000

U.S. Office:
520 Madison Avenue 28th Floor
New York, NY 10022
212-407-5000

SMBC Nikko Securities*

President and CEO Yoshihiko Shimizu

Corporate Office:
3-1, Marunouchi 3-chome, Chiyoda-ku
Tokyo 100-8325, Japan
81-3-5644-3111

Societe General*

CEO Frederic Oudea
frederic.oudea@socgen.com
33-1-41-45-9825 (Paris number)

Chiarman of the Board Lorenzo Bini Smaghi
lorenzo.binismaghi@socgen.com
33-14-21-30941 (Paris number)

Corporate Office:
29 boulevard Haussmann 75009
Paris, France
2.0@societegenerale
33-1-42-14-20-00

U.S. Office:
245 Park Avenue
New York City, NY 10167
212-278-6000
The following banks are involved in funding for the entire Bakken pipeline:

Royal Bank of Scotland

CEO Ross McEwan
ross.mcewan@rbs.co.uk

Director of Media Relations:
Chris Turner
44-20-7672-4515

Corporate Office:
Gogarburn
175 Glasgow Road
Edinburgh, United Kingdom
44-131-626-3263

U.S. Office:
600 Washington Boulevard
Stamford, CT 06901
203-897-2700

ABN Amro Capital

Chairman of the Board Gerrit Zalm

Corporate Office:
ABN AMRO Bank N.V.
Gustav Mahlerlaan 10
1082 PP Amsterdam
The Netherlands
31-10-241-17-23

U.S. Office:
100 Park Avenue, 17th floor
New York, NY 10017
917-284-6800

Bank of Nova Scotia (Scotiabank)

CEO and President Brian J. Porter

Corporate Office:
Scotia Plaza
44 King Street W
Toronto, Ontario
Canada M5H 1H1
416-866-6161
email@scotiabank.com

U.S. Office:
250 Vesey Street,
23rd and 24th floors
New York, NY 10281
212-225-5000

Scotia Howard Weil (“Energy Investment Boutique”):
Energy Centre
1100 Poydras Street Suite 3500
New Orleans, LA 70163
504-582-2500 and 800-322-3005
howardweil@howardweil.com

Citizens Bank

Chairman and CEO Bruce Van Saun
bruce.vansaun@rbs.com

Head of Media Relations:
Peter Lucht
Peter.Lucht@citizensbank.com
781-655-2289

Consumer Lending, Business Banking, Wealth Management, Corporate:
Lauren DiGeronimo
Lauren.Digeronimo@citizensbank.com
781-471-1454

Corporate Office:
1 Citizens Plaza
Providence, RI 02903
401-456-7000

Comerica Bank

Chairman and CEO Ralph W. Babb Jr.
rbabb@comerica.com

Investor Relations:
214-462-6831

Corporate Contacts:
Wendy Bridges
wwbridges@comerica.com
214-462-4443

Wayne Mielke
wjmielke@comerica.com
214-462-4463

Corporate Office:
Comerica Bank Tower
1717 Main Street
Dallas, TX 75201
800-521-1190

 

PNC Bank

Chairman, President, and CEO William S. Demchak

Media Relations:
Fred Solomon
corporate.communications@pnc.com
412-762-4550

Investor Relations:
Bryan K. Gill
investor.relations@pnc.com
412-768-4143

Corporate Office:
300 Fifth Avenue
The Tower at PNC Plaza
Pittsburgh, PA 15222
412-762-2000

Barclays

CEO Jes Staley
jes.staley@barclays.com

Chairman John McFarlane
john.mcfarlane@barclays.com

Corporate Office:
Barclays Bank PLC
1 Churchill Place
London E14 5HP, United Kingdom
44-20-7116-1000

U.S. Office:
Barclays
745 7th Avenue
New York, NY 10019
212-526-7000

Press Office:
212-526-7000
CorporateCommunicationsAmericas@barclays.com

JPMorgan Chase

Chairman and CEO Jamie Dimon
jamie.dimon@jpmchase.com
212-270-1111

Corporate Contacts:
Andrew Gray
andrew.s.gray@jpmchase.com

Jennifer Lavoie
jennifer.h.lavoie@jpmchase.com

Brian Marchiony
brian.j.marchiony@jpmorgan.com

Corporate Office:
270 Park Avenue
New York, NY 10017-2014

Bank of America

President, CEO, and Chairman Brian Moynihan
brian.t.moynihan@bankofamerica.com

Executive Relations, Office of the CEO:
Matthew Task
813-805-4873

Corporate Office:
100 N Tryon Street
Charlotte, NC 28255

Deutsche Bank

CEO John Cryan
John.Cryan@db.com

Corporate Contact:
Renee Calabro
renee.calabro@db.com
212-250-5525

Corporate Address:
Deutsche Bank AG
Taunusanlage 12
60325 Frankfurt Am Main (for letters and postcards: 60262)
Germany
49-69-910-00

U.S. Office:
Deutsche Bank AG
60 Wall Street
New York, NY 10005
212-250-7171

Compass Bank

Chairman and CEO Manolo Sanchez

Director of External Communications:
Christina Anderson
christina.anderson@bbva.com

Communications:
Al Ortiz
al.ortiz@bbva.com
281-433-5640

Corporate Office:
15 S 20th Street
Birmingham, AL 35233
205-297-1986

Credit Suisse

CEO Tidjane Thiam
tidjane.thiam@credit-suisse.com
41 44 334 06 89

Board Chairman Urs Rohner

Suisse Banking Ombudsman:
Bahnhofplatz 9
P.O. Box 1818
CH 8021 Zurich, Switzerland
41-43-266-14-14

Corporate Office:
Uetlibergstrasse 231
P.O. Box 700
CH 8070 Zurich, Switzerland
41-44-333-11-11

U.S. Office:
650 California Street
San Francisco, CA 94108
Phone: 415-249-2100

Sumitomo Mitsui Bank

President and CEO Takeshi Kunibe

Corporate Office:
1-1-2, Marunouchi, Chiyoda-ku
Tokyo, Japan
81-3-3282-8111

U.S. Office:
277 Park Avenue
New York, NY 10172
212-224-4000

Royal Bank of Canada

CEO David I. McKay
david.mckay@rbc.com
1 416 974 6415

CEO and Board Communications:
Paul French
paul.french@rbc.com
416-974-3718

Corporate Media Relations:
Catherine Hudon
catherine.hudon@rbc.com
416-974-5506

Corporate Address:
200 Bay Street P.O. Box 1
Royal Bank Plaza
Toronto, Canada
416-974-5151 and 416-842-2000

UBS

CEO Sergio Ermotti

https://www.linkedin.com/in/sergiopermotti

Head Group External Communications:
Mark Hengel
mark.hengel@ubs.com
Phone: 41-44-234-32-21

Chief Communication Officer-Americas:
Marsha Askins
marsha.askins@ubs.com
212-713-6151 office and 917-226-4743 cell

Corporate Office:
Bahnhofstrasse 45, CH-8098
8001 Zurich, Switzerland
41-44-234-11-11

U.S. Office:
1285 Avenue of the Americas
New York, NY 10019
212-713-2000

Goldman Sachs

Chairman and CEO Lloyd C. Blankfein
lloyd.blankfein@gs.com
917-743-0939 and 212-902-0593

Media Contacts Americas:
212-902-5400

Corporate Address:
Goldman, Sachs & Co.
200 West Street
New York, NY 10282
212-902-1000

Morgan Stanley

CEO James P. Gorman
jgorman@morganstanley.com
212-761-4000

Corporate Office:
Morgan Stanley
1585 Broadway
New York, NY 10036
212-761-4000

Origin Bank (formerly Community Trust)

Chairman, President, and CEO Drake Mills
https://www.linkedin.com/in/drake-mills-554a3a20
www.ctbonline.com
318-768-3048

Corporate Office:
3921 Elm St.
Choudrant, LA 71227

HSBC Bank

Group Chief Executive Stuart Gulliver
stuart.t.gulliver@hsbc.com
managingdirectoruk@hsbc.com
Chairman Douglas Flint

Corporate Address:
8 Canada Square
London E14 5HQ, United Kingdom
44-20-7991-8888

U.S. Office:
HSBC Headquarters
425 5th Avenue
New York, NY 10018
212-525-5600

Head of Media Relations, HSBC USA:
Rob Sherman
212-525-6901

*The information here is from Yes Magazine, which references Food and Water Watch as per their online article: http://www.yesmagazine.org/people-power/how-to-contact-the-17-banks-funding-the-dakota-access-pipeline-20160929

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