In Response to Keystone XL Decision Activists Target JPMorgan Chase
SEATTLE, WA - November 21, 2017 (Investorideas.com Newswire) Yesterday, Nebraska's Public Service Commission granted the final permit required to build the Keystone XL pipeline. In response, activists in Seattle will be targeting JPMorgan Chase, the primary financier of TransCanada, the company behind the Keystone XL pipeline.
What: JPMorgan Chase - Don’t finance KXL!
Where: Meet at Westlake Park, Seattle
When: Tuesday, November 21st, 11:45 AM
On December 15th, two credit facilities totaling $1.5 billion for TransCanada, the corporation behind the Keystone XL, are due to expire. JPMorgan Chase is the lead bank on the credit arrangement and, with the agreement expiring, is legally entitled to walk way from the loan should it chooses to do so.
"JPMorgan Chase faces a crucial choice. If it chooses to renew this credit facility, it will be clear that Chase has decided to finance the Keystone XL and the expansion of the tar sands industry -- an industry that systemically violates indigenous rights and poses an existential threat to all life in earth," said 350 Seattle's Alec Connon
"In light of Nebraska's decision giving the green light for the destruction of our global climate system with the approval of the KXL Pipeline, we as indigenous peoples come together to protect all of the children of Mother Earth, to bring bring awareness to the fact that many big banks especially Chase Bank are investing in the cancerous deterioration of our stable climate and clean water by investing in KXL and tar sands oil projects. We must defund the killers of our children's climate," said Paul Cheoke'ten Wagner, Founder of Protectors of the Salish Sea.
JPMorgan Chase financing of the Keystone XL pipeline was also the target of activists earlier this year, when they shut down 13 branches simultaneously and 26 people were arrested. Earlier this year, the Seattle City Council took also took a stand, passing a resolution stating that it would seek to avoid banking with any bank that finances the Keystone XL.
Paul Cheoke'ten Wagner, 206-434-5229, firstname.lastname@example.org;
Alec Connon, 206-258-9176, alec@350Seattle.org
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