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
Listening is caring - More than 100 employees – and several members of Nordea’s Group Executive Management (GEM) – have already joined our engaged colleagues...
Sign up for a webinar in your local language, and receive the report as soon as it comes out on 24 April.
Does it sound phishy? Don’t take the bait!
Our people Responsible investment Sustainability
Europe must become the global hub for sustainable investment – and Nordea is ready to help Europe bring sustainable finance into the mainstream. These are s...
Nordea's Responsible Investment team makes decision regarding Stars funds family