Jane Fonda, Lily Tomlin Pull Fortunes from Wells Fargo

LETTER FROM FONDA to Bank Pres:

Mr. Timothy Sloan CEO
Wells Fargo
420 Montgomery Street San Francisco, CA 94104
Dear Mr. Sloan,

st 2016
Dec. 21,

As a customer of your bank, I reject the notion of my money helping to support your investment in the Dakota Access Pipeline (DAPL), an inherently dangerous and unjust oil pipeline that threatens air and water quality in many states and violates sacred lands of the Standing Rock Sioux Tribe.
The fact that Wells Fargo has invested money in DAPL indicates corporate irresponsibility and hypocrisy. As a signatory to the Equator Principles, how can Wells Fargo be associated with these companies? Even minimal due diligence shows that Energy Transfer Partners and Sonoco, the companies that own and operate the pipeline, have the worst oil spill records in the United States. How can I trust a bank that was not aware of this or the National Lawyers Guild's list of lawsuits against ETP for contaminating groundwater in the states of New Jersey,
Vermont, Pennsylvania, the Commonwealth of Puerto Rico and the City of Breau Bridge Louisiana; in addition to citations for releases of hazardous materials in Ohio, Oklahoma, Louisiana, Missouri Texas, Pennsylvania and Hawaii?
DAPL already crosses a vast stretch of land and is asking to dig beneath the
Missouri River. Yet, shockingly, despite its horrific record of contaminations, DAPL has not been required to do a full Environmental Impact Statement. And why is your bank sinking so much money into maximizing the amounts of oil and gas that can be brought to the surface and burned at a time when climate science is clear: we must maximize what we keep in the ground.
Oil prices have dropped and production from the Bakken Fields has declined a stunning 25% from its peak in 2014. This means that, on top of everything else' DAPL is redundant —there is no economic rationale to increase the regional pipeline capacity.