Dear Council Members,
I am a member of the Johnson County Green Party and an Iowa City resident. Our party opposes and I personally oppose the Dakota Access Pipeline that runs through 18 Iowa Counties on the path from the Bakken fracked oil fields of North Dakota to Patoka Illinois, threatening Iowa farm land, wildlife habitat, recreation areas and clean drinking water for the state residents and millions of other people along the pipeline route.
Wells Fargo is committing $467 million to the companies hoping to profit from the pipeline. US Bank has invested $275 million. We request that you move all funds from Wells Fargo and US Bank to local banking institutions and cease doing business with Wells Fargo and U.S. Bank.
Reasons for leaving Wells Fargo and U.S. Bank for local banks:
1. $3.75 of the $3.8 billion it costs to build the pipeline is on credit. Moving our money from the financial institutions funding the pipeline can make the difference.
2. The local financial institution is more likely to make local loans, benefitting small businesses and individuals in the area.
3. Wells Fargo has been outlawed in some communities for its fraudulent tactics of creating multiple additional accounts for its customers, without the knowledge or permission of the customers.