US cities pull $3 billion out of Wells Fargo over funding of Dakota Pipeline

Two U.S. cities have taken a stand against the construction of the Dakota Access Pipeline by announcing plans to cut ties with Wells Fargo, which is a key funder of the project, NPR reports.

Seattle’s City Council voted against renewing a contract with the bank next year, which will result in a loss of $3 billion in funds from the city. Soon after Seattle voted to pull funds from Wells Fargo, the Davis, California City Council followed suit and voted to find a new bank to handle its accounts in the next year.

http://www.rawstory.com/2017/02/us-cities-divest-from-wells-fargo-over-its-funding-of-the-dakota-access-pipeline/