As Wells Fargo Continues to Fund Oil and Gas Pipelines Indigenous, Environmental, and Climate Justice Groups Urge the Bank to Divest from Pipeline Companies

In December, 2017, Wells Fargo announced a $50 million grant to Native Americans for renewable energy & clean water programs, cultural awareness and language preservation projects, among other things. At around the same time, Wells Fargo agreed to extend two credit facilities totaling $1.5 billion for Canadian oil corporation, TransCanada, to build the Keystone XL pipeline. Many Native American communities have been directly impacted by fossil fuel development, extraction, and transportation.