A second Norwegian bank has pulled its funding from the Dakota Access Pipeline (DAPL), according to a Nov. 25 story in EcoWatch. Odin Fund Management, one of Norway’s leading fund managers, said it sold $23.8 million worth of shares in companies involved with the pipeline.
We blogged earlier that DNB, Norway’s largest bank, had decided to divest its assets from DAPL (though it still has a line of credit to the project).
Norway is an ocean and a half-continent away from Standing Rock. Is it that Norway is simply a more socially-minded country? Perhaps. But there also is a fascinating backstory that could be part of the explanation. The Sámi people, indigenous people of northern Europe, seem to have played an important role in pressuring DNB to divest.
It’s a story of cross Atlantic indigenous connections and a bit of serendipity. Continue reading