Seattle Severs Ties with Wells Fargo in Protest of the Dakota Access Pipeline

Seattle Severs Ties with Wells Fargo in Protest of the Dakota Access Pipeline

Seattle is the first city to end its relationship with Wells Fargo in order to protest the Dakota Access pipeline. The nine-member council voted to approve an ordinance to end its 20-year relationship with Wells Fargo. This bank has been the city’s primary financial provider. Many people question how effective this move will be.

The United States Army Corp Of Engineers has reportedly began following President Trump’s orders. The proposed pipeline will run from North Dakota to Illinois. It will run 1,170 miles and cost $3.8 billion to build. This pipe has been controversial because it threatens the Standing Rock Sioxx Tribe. The tribe has stated that the pipeline will threaten their sites and water supply. The Standing Rock Sioxx Tribe has stated that they will continue to fight against the pipeline.

Hundreds of people have been protesting against this pipeline. They have also protested in harsh conditions, such as snow. Lisa Herbold is a council member. She stated that she is touched by seeing so many people come together and protest. Many people have traveled hundreds of miles to protest.

The reason that Seattle decided to cut ties with Wells Fargo because the bank has invested in the pipeline. Wells Fargo has released a statement. The company stated that they are disappointed that Seattle decided to end the 20-year relationship. However, they stated that they are willing to support Seattle again if they need financial services in the future.