SEATTLE — A Seattle City Council committee voted Wednesday to divest $3 billion in city funds from Wells Fargo, which is one of the financial institutions that is financing the Dakota Access Pipeline.
More than 300 people showed up at the city council meeting to speak in support of the move. Others were forced to remain outside the council chambers as the room was at capacity.
The legislation will go to a full city council vote on Monday.
If the proposal does receive approval from the full council Monday, it means the city will put out bids to other banks for the city to do business with.
Supporters are saying they accomplished what was morally responsible.
passes, Seattle would be the first major municipality to end its relationship with a major funder of the pipeline, according to climate justice group 350 Seattle.
Wells Fargo released the following statement regarding Sawant's proposal:
© 2020 Cox Media Group