But Wait, U.S. Bank Has Not Stopped Funding Pipelines

Los Angeles, California, USA - March 23, 2016: Aerial view of the Us Bank Tower and sign in the Los Angeles downtown, Is visible also an helicopter flying around the tower. Image taken at sunset from a doorless helicopter.

A recent viral article published by EcoWatch has inaccurately reported that U.S. Bank is the “first major bank to stop financing pipeline construction.” If you take a close look at U.S. Bank’s 2017 Environmental Responsibility Policy, you’ll see it only committed to cease “project financing.” There’s the rub. Despite this new policy, U.S. Bank continues to provide hundreds of millions of dollars of corporate financing to pipeline companies for general use, including pipeline construction.

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