Red Lake Nation News - Babaamaajimowinan (Telling of news in different places)

Upsetting Billionaires at Standing Rock


At the center of the Dakota Access pipeline fight are some of the country's most impoverished and most economically powerful people.

One section of the four-state pipeline would run through North Dakota's Standing Rock Sioux reservation, where 41 percent of 8,200 residents live below the poverty level and nearly a quarter are unemployed. Thousands of people have joined the Standing Rock tribe in opposing the pipeline over concerns it will contaminate their water supply and damage sacred sites and cultural artifacts.

On the opposite side is Energy Transfer Partners (ETP), whose CEO, Kelcy Warren, has a net worth of more than $4 billion. While ETP is the majority investor, a number of Wall Street banks have lined up to finance the project.


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