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Supervisor Feuer urges treasurer to add Dakota Access Pipeline financing to city’s socially responsible investment screening
Summary
Supervisor Feuer introduced a resolution asking the City Treasurer to add the Dakota Access Pipeline and related financing to the city’s socially responsible investment screening factors and to act with urgency, rather than wait for the October annual update.
Supervisor Feuer introduced a resolution on March 7 urging the City Treasurer to add financing of the Dakota Access Pipeline (DAPL) to the City and County of San Francisco’s socially responsible investment screening factors.
The resolution noted media and advocacy attention to the Dakota Access Pipeline, a roughly $3.8 billion project led by Energy Transfer Partners set to carry as many as 570,000 barrels of crude oil per day from North Dakota to Illinois. Feuer said a portion of the city’s investments — she cited about $1.2 billion in issuers that provide financing used in the pipeline — creates a…
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