Nordea’s team for Responsible Investments recommends an exclusion of the three companies behind the Dakota Access Pipeline. The three companies in question are Energy Transfer Partners, Sunoco Logistics and Philips 66.
The U.S. Department of the Army on Feb. 7, 2017, announced that it intends to grant the final permit for the pipeline. This allows for it to be constructed according to the current route, under Lake Oahe and close to the Standing Rock Sioux Tribe’s reservation. The department also cancelled the plan for an additional environmental-impact statement.
Nordea has sought a dialogue with the three companies behind the pipeline about an alternative route. The companies have declined any form of dialogue with Nordea.
Latest news by Nordea
Nordea won the awards for Best Private Bank in Norway, Sweden and Denmark when Global Finance named the world’s best private banks 2021
Businesses Digital banking
The results of Nordea’s newly released ‘Treasury 2025’ survey show four out of five corporate treasury functions expect to be strongly involved in the strate...
Sustainability Markets and investments
A consortium of investors has signed a letter to financial institutions and companies involved in the construction of the coal plant Vung Ang 2 in Vietnam.
Today we published our financial results for the third quarter