Does Your Money Fund Oil Pipelines?

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Does Your Money Fund Oil Pipelines? Funding Behind DAPL and Proposed Tar Sands Pipelines learn more at MazaskaTalks.org Deutsche Bank Bank of Tokyo $13 Billion Mitsubishi TRANSCANADA Mizuho Bank Keystone xl Pipeline Energy East Pipeline JP Morgan Chase Citibank Barclays $14 Billion Wells Fargo KINDER MORGAN Credit Suisse TransMountain Pipeline Royal Bank of Canada Bank of America Sumitomo Mitsubishi $18.9 Billion TD Bank Fund all four pipeline companies all four Fund Credit Agricole Enbridge Scotiabank Line 3 Pipeline Canadian Imperial Bank HSBC Bank Bank of Montreal BNP Paribas DNB Capital/ASA Morgan Stanley $ UBS Bank 27.9 billion Royal Bank of Scotland Societe Generale National Bank of Canada Export Development Canada Caisse Centrale Desjardins Alberta Treasury Branches ING Bank Natixis BBVA Compass SunTrust US Bank ICBC China Branch Bank & Trust Co. Huntington National Bank Mega International Bank E Sun Commercial Bank Regions Bank Banco Bilbao Vizcaya Argentina United Overseas Bank Ltd (Canada) Bank of China Bank of Taiwan First Commercial Bank Canada China Merchants Bank Co Ltd China Construction Bank Corp ENergy Transfer State Bank of India Loop Capital Markets Bank Hapoalim BM Dakota Access Pipeline PNC Bank Goldman Sachs Bayou Bridge Pipeline Intesa Sanpaolo Comerica Bank Fifth Third Bank (Ohio) Citizens Bank Taiwan Cooperative Bank Bayerische Landesbank Bank of Hawaii Hua Nan Commercial Bank Banca IMI ABN Amro Capital Community Trust Estimates of total liquidity provided by financial institutions to TransCanada, Kinder Morgan, Enbridge and Energy Transfer. As of May 2017, a review of corporate filings with the U.S. Securities and Exchange Commission, held up against finance industry databases, identified 28 credit facility and loan agreements totaling $41.5 billion in general corporate financing. Of the 28 lending agreements, half lack disclosure of individual bank commitments so equal distribution is assumed for the sake of illustration. Also included are underwriting commitments from January 1, 2014 through May 2017, altogether totaling another $32 billion in financing..

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