Standing Rock Applauds Netherlands-based Bank’s Move to Offload DAPL Debt*

Posted: March 22, 2017 in Uncategorized

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Standing Rock Sioux Tribal Chairman Dave Archambault II applauds the move by the Netherlands-based ING, a global financial institution based in Amsterdam with $120 million of DAPL debt. ING is the first bank to offload DAPL debt.

Hwaairfan's Blog

Standing Rock Applauds Netherlands-based Bank’s Move to Offload DAPL Debt*

A major bank financing the Dakota Access Pipeline has announced on Monday it has sold off its share of loan debt for the controversial pipeline.

Standing Rock Sioux Tribal Chairman Dave Archambault II applauded the move by the Netherlands-based ING, a global financial institution based in Amsterdam with $120 million of DAPL debt. ING is the first bank to offload DAPL debt.

In a meeting on 10 February, ING shared its willingness to either continue trying to positively influence the course of the project, or to distance itself by selling its stake in the loan. In the meeting we indicated we would appreciate ING selling its loan in the project, after which ING continued its sale process. ING has now signed an agreement to sell the loan.

“We are heartened that ING has made the conscience decision to remove itself…

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