For Immediate Release
Jennifer K. Falcon, 218-760- 9958,
Critical Dakota Access Pipeline Bond Cancelled in Iowa
WASHINGTON - On January 7th, 2021 the Westchester Fire Insurance Company, a subsidiary of international insurance corporation Chubb, notified Energy Transfer Partners that it was cancelling a crucial $250,000 bond for the Dakota Access Pipeline (DAPL) segment in Iowa. Publication of this bond cancellation comes just days after a federal appeals court largely sided with the Standing Rock Sioux Tribe upholding lower court decisions that revoked a key permit for the line and required a federal agency to conduct a lengthy environmental review.
Surety bonds are used to protect the public from having to pay for any damages or pollution created by existing projects.
The following is a statement from Indigenous Environmental Network:
“Dakota Access Pipeline has no federal easement. It's now losing insurance coverage on the state-level which is a requirement for Iowa's state permit. It is time for President Biden to take action and shut down the Dakota Access Pipeline. This project is a danger to all communities along its path, including the Standing Rock and Cheyenne River Sioux Nations. It’s time to end this saga and do what’s right. Shut down DAPL.”
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Established in 1990 within the United States, IEN was formed by grassroots Indigenous peoples and individuals to address environmental and economic justice issues (EJ). IEN’s activities include building the capacity of Indigenous communities and tribal governments to develop mechanisms to protect our sacred sites, land, water, air, natural resources, health of both our people and all living things, and to build economically sustainable communities.