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Dallas-based - Energy Transfer Partners' bank may withhold loans over Dakota Access pipeline issues | Energy | Dallas News

9.11.16

Dallas-based - Energy Transfer Partners' bank may withhold loans over Dakota Access pipeline issues | Energy | Dallas News: "DNB is concerned about how the situation surrounding the oil pipeline in North Dakota has developed. The bank will therefore use its position as lender to the project to encourage a more constructive process to find solutions to the conflict that has arisen. If these initiatives do not provide DNB with the necessary comfort, DNB will evaluate its further participation in the financing of the project."

Protesters are objecting to two aspects of the pipeline: potential water pollution from a failure of the giant project and whether its route is running through lands sacred to the Standing Rock Sioux Indian Tribe.


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