Below is the current list of primary targets for the #NoBayouBridge solidarity campaign. The eight financial institutions on this list are major shareholders in Engery Transfer Partners (ETP) and have also loaned ETP money. We must pressure these banks to cut off all financial ties to ETP and their subsidiaries.
Also on this list is the Army Corps of Engineers, which is the top federal regulator for the project.
Please visit the TARGETS MAP to find the locations of corporate offices for the primary targets.
After the launch of the #NoBayouBridge Solidarity Campaign, Morgan Stanley has dramatically reduced their holdings in both Energy Transfer Partners and Energy Transfer Equity. In the first quarter of 2018 Morgan Stanley reduced their holdings in both companies by over 60%. Yet they still own over $500 million in ETE and ETP shares and in April Morgan Stanley signed a loan agreement to provide hundreds of millions of dollars to Energy Transfer Partners.
In 2015 Morgan Stanley agreed to stop financing certain coal mining projects, and they pride themselves on their "sustainability" efforts. Yet they still finance one of the most reckless fossil fuel companies in the world, Energy Transfer Partners.
Take Action and pressure Morgan Stanley to cut ties with ETP and ETE:
Office locations: Search for Morgan Stanley offices by zip code
Morgan Stanley's primary corporate offices can be found on the Targets Map.
Global Headquarters phone number: (212) 761-4000
Army Corps of Engineers
The Army Corps of Engineers is the main federal permitting agency for the Bayou Bridge Pipeline. The Army Corps has the power to shut down construction of the Bayou Bridge pipeline and call for an Environmental Impact Statement. At the very least, the Army Corps should enforce their own polices, something they have failed to do in Louisiana.
Call the Army Corps and urge them to stop construction of the Bayou Bridge Pipeline and conduct an Environmental Impact States for the project: 202-761-0001
Here is a list of Army Corps of Engineers office locations.
Bank of America
Bank of America is the 8th largest shareholder of ETP, holding $450 million in shares. Bank of America is also the 8th largest shareholder of ETE, with $410 million worth of shares. On the financing side of things, Bank of America has loaned money to ETP, ETE and their subsidiaries. In 2015 Bank of America declared that they were pulling back their investments in the coal industry, yet they still finance dozens of fossil fuel companies, including Energy Transfer Partners.
Take Action and pressure Bank of America to cut ties with ETP and ETE:
Office locations: Search for Bank of America branches by zip code.
Bank of America's primary corporate offices can be found on the Targets Map.
NYC Corporate Office number: (212) 764-0694 (then press 4)
After a series of direct actions targeting them, U.S. Bank declared that they would no longer directly fund oil and fracked-gas pipeline projects. Despite this rhetoric, U.S. Bank recently helped ETP secure a $5 billion line of credit and began buying shares in ETP. The #StopETP Coalition is leading a campaign targeting U.S. Bank, please visit their website for more information and to join the campaign.
Take Action and pressure U.S. Bank to cut ties with ETP and ETE:
Office locations: Search for U.S. Bank Branches by zip code
U.S. Bank's primary corporate offices can be found on the Targets Map.
U.S. Bank Investor Relations: 612-303-0778
Citibank has $366 million invested in ETP and they are the largest shareholder in ETE with $520 million in holdings. Citi has also loaned money to ETP, ETE and their subsidiaries. Since the launch of the solidarity campaign Citibank has sold off 29% of their shares in ETP.
UBS, a Swiss based bank, is the 6th largest ETP shareholder. UBS recently increased their holdings in ETP by 39%, now owning $883 million worth of shares. UBS also is the 10th largest shareholder in ETE with $444 million in shares.
From 2012-2015 a group called Hands Off Appalachia led a campaign that ultimately was successful in pressuring UBS to stop financing mountaintop removal coal mining. The campaign included a major direct action targeting UBS' North American headquarters in Connecticut. More information about this campaign can be found here.
Take Action and pressure UBS to cut ties with ETP and ETE:
UBS's primary corporate offices can be found on the Targets Map.
Office locations: Search for UBS branches.
Global Headquarters phone number: (203) 357-0700
Goldman Sachs is the top shareholder of ETP and the second largest shareholder of ETE. The combined value of the shares that they hold in ETP and ETE exceeds $2 billion. Goldman Sachs has also loaned money to ETP, ETE and their subsidiaries.
Wells Fargo has financed most major oil pipeline companies including Enbridge, Kinder Morgan, TransCanada and Energy Transfer Partners. Wells Fargo has faced waves of protests in response to these investments in oil pipelines and their awful track record with foreclosures and fraud. They are a shareholder in ETP and have financed ETE and ETP subsidiaries.
Take Action and pressure Wells Fargo to cut ties with ETP and ETE:
Office Locations: Search for Wells Fargo branches by zip code.
Wells Fargo's primary corporate offices can be found on the Targets Map.