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NYC Mayor Tells 17 Banks To Pull Dakota Access Financing

Law360, New York (February 21, 2017, 5:22 PM EST) -- New York City Mayor Bill de Blasio pressed 17 banks Friday to immediately withdraw their financing of the Dakota Access pipeline in a letter saying the threat the project poses to the Standing Rock Sioux Tribe, the environment and the banks themselves "is not worth the return it might generate."

The mayor sent the letter to Wells Fargo & Co., BNP Paribas, SunTrust, The Bank of Tokyo-Mitsubishi UFJ Ltd., Mizuho Bank Ltd., Citibank Inc., TD Securities, Credit Agricole, Intesa SanPaolo, ING Bank, Natixis SA, BayernLB, BBVA Securities Inc., DNB Capital LLC, ICBC (London) PLC, SMBC Nikko Securities Inc. and Societe Generale...

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