Flash mob protests against pipeline loans

MADISON (WKOW) – Climate activists staged a lightning dance outside a downtown bank as part of a protest to pressure Wall Street banks to end their loans for the “Line 3 replacement pipeline project”.

The “Stop the Money Pipeline” coalition has launched the national “# DefundLine3” campaign and the organization calls for “defining” the banks involved in lending for pipelines: Chase, Citibank, Wells Fargo, Bank of America and Royal Bank of Canada.

Organizers of the 350 Madison Climate Action Team, which hosted Saturday’s protest, said it was an opportunity to raise awareness and draw attention to their mission.

“Banks could easily and legally end their funding relationship with Enbridge Corporation, the company behind line three,” said organizer Dianne Brakarsh. “That’s why we are doing this now.”

According to Enbridge Inc., a Canadian pipeline company funding the project, the “Line 3 Replacement Project” passes through Alberta, Canada, and to Superior, Wisconsin; the original pipeline was built in the 1960s.

In defending the pipeline, the Enbridge site says there are petroleum products that “are an integral part of our daily lives.”

The pipeline’s website states that during an assessment of the pipeline, they “determined that a Line 3 replacement was best to maintain the integrity of the system while minimizing disruption to landowners and communities.” .

A spokesperson for JPMorgan Chase said the bank accepts climate change as real and referred to what it calls a “funding strategy aligned with the Paris Agreement”.

“By aiming to fund and facilitate $ 1 trillion for green initiatives, such as renewables and clean technologies – as part of a $ 2.5 trillion goal to advance climate action and sustainability, ”said spokesperson for JPMorgan Chase.

27 News contacted Enbridge INC., Who did not immediately respond.

“There are actually things happening right at the front line of the pipeline. So I just hope people educate themselves and get involved in any way they can,” Brakarsh said.


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