American Indian Rights, Bakken, Credit Suisse, Dakota Access, DAPL, Deutsche Bank, Evraz, Goldman Sachs, Indigenous peoples, liars, Mirror Trades, New York Swamp, ROMAN ABRAMOVICH, Russia, Russian money-laundering, US DOJ
Note the date – February 2, 2017. Trump issued a memo urging the pipeline to move forward on the 24th of January.
Oh, look who else is there with Credit Suisse! Deutsche Bank – biggest known lender to Trump (see post bottom) and being investigated by the US DOJ on allegations of Russian money-laundering via Mirror Trades and foreign trade manipulation. Not to mention that at least some of the pipe is from Evraz, owned by Russian oligarchs such as Roman Abramovich, believed to be Putin’s king-maker and whose wife was reportedly invited to Trump’s inauguration by Ivanka. Russians love Swiss bank accounts and real estate. Plus the historic New York Swamp company from which Trump has appointed so many – Goldman Sachs.
As reported by Greenpeace Switzerland (our translation):
Credit Suisse is the Principal funder of the Dakota Access Pipeline
Greenpeace Switzerland – February 23, 2017 at 9:52
Credit Suisse has invested a lot more money in the controversial Dakota Access Pipeline project than that which was known until now. Greenpeace’s research shows that the banking invested nearly $ 1.4 billion in the project and in the various companies involved. This sum makes Crédit Suisse the principal funder of this pipeline. Greenpeace Switzerland is demanding that the bank commit itself to respecting indigenous peoples and put an end to the financing of this project.
The construction of the Dakota Access Pipeline (DAPL) resumed at the beginning of February. The route of this pipeline crosses lands considered sacred by the local American Indian communities, openly trampling on their fundamental rights. The water supplies upon which these communities depend are also threatened by oil spills. Finally, this is a project that will accelerate, once again, the global warming.
The involvement of Swiss banks in the pipeline project has been known for awhile. An analysis of the financial flows by Greenpeace led to explosive discoveries. Notably, it appears that Credit Suisse made a loan of $850 million dollars to the company that constructs and operates the pipeline. This figure clearly shows that the bank is the principal funder of the project, especially since the documents studied clearly indicate that this money is allocated to the DAPL. In total, the banking giant invested nearly $1.4 billion dollar in the project and in the various implicated companies.
The double game of Credit Suisse
What is striking about Crédit Suisse’s involvement is that it violates its own guidelines. Obviously, the commitments made by the bank are essentially cosmetic and serve to give the general public the illusion that its activities are sustainable. Worse, during communications with Greenpeace and the Society for Threatened Peoples (SPM), officials of the banking giant affirmed that their participation in DAPL was “insignificant” and that they were closely monitoring the situation at Standing Rock. Since the autumn of 2016, security forces have been resorting to violence in an attempt to dislodge protestors.
Greenpeace Switzerland and the SPM contacted the company by mail following their discoveries. We demand that the bank respect the rights of indigenous peoples and withdraw its financial support from DAPL and all implicated companies. Credit Suisse has not yet taken the time to answer these demands.
Keywords climate, standing rock, dapl, dakota, trump, water, aboriginal
Our translation of the original French which is found here: http://www.greenpeace.org/switzerland/fr/publications/blog/climat/blog/58807/
See more detailed letter in English that we found after the above post had been translated: https://www.greenpeace.ch/wp-content/uploads/2017/02/2nd-Letter-CS-DAPL-16Feb17.pdf
SEC filings on the most recent document: https://www.sec.gov/Archives/edgar/data/1276187/000127618717000011/ete-seniortermloancreditag.htm
In German but with useful a diagram which can be easily interpreted: https://www.greenpeace.ch/wp-content/uploads/2017/02/Medien-Briefing_DAPL_CS.pdf
According to ProPublica.org: “Deutsche is Trump’s major creditor, having lent billions to the president since the late 1990s even as other American banks abandoned Trump, who frequently bankrupted his businesses. While the president hasn’t released his tax returns, he has made public some information about his debts. According to these incomplete disclosures and reports, the Trump Organization has roughly $300 million in loans outstanding from the bank.” Furthermore, Deutsche Bank is still being investigated by the US DOJ for what appears to have been aiding with Russian money-laundering, and it is also being investigated in relation to allegations of foreign exchange manipulation. Earlier this year Deutsche Bank settled for $630 million with New York State’s Financial Regulator and the UK Financial Conduct Authority related to the charges of what appeared to be Russian money-laundering (Mirror trades). See our repost of the ProPublica article here: https://miningawareness.wordpress.com/2017/02/16/deutsche-bank-remains-trumps-biggest-conflict-of-interest-despite-settlements-russian-money-laundering-probe-ongoing/
Steve Horn of DeSmog Blog brilliantly connected the dots regarding Evraz and Abramovich though it is widely available info, and pointed out last week that the Dakota Access pipes appear to be made, at least in part, by Evraz: “Much of Dakota Access Pipeline Steel Made by Russian Company Tied to Putin” Sunday, February 19, 2017. He also pointed out Abramovich’s wife’s attendance at the inaugaration, reportedly invited by Ivanka Trump Kushner.