Deutsche Bank

Fund

all

four

pip

elin

e co

mpa

nies

Bank of TokyoMitsubishi

Mizuho Bank

JP Morgan Chase

Citibank

Barclays

Wells Fargo

Credit Suisse

Royal Bank of Canada

Bank of America

Sumitomo Mitsubishi

TD BankCredit Agricole

Scotiabank

Canadian Imperial Bank

HSBC Bank

BNP Paribas

DNB Capital/ASA

Morgan Stanley

UBS BankRoyal Bank of Scotland

Societe Generale

Bank of Montreal

SunTrust

BBVA Compass

NatixisING Bank

US Bank

National Bank of CanadaExport Development Canada

Caisse Centrale DesjardinsAlberta Treasury Branches

ICBC China

Mega International Bank

Huntington National Bank

Branch Bank & Trust Co.

E Sun Commercial Bank

Regions Bank

Banco Bilbao Vizcaya Argentina

Taiwan Cooperative Bank

PNC Bank

Intesa Sanpaolo

Hua Nan Commercial Bank

Goldman Sachs

Fifth Third Bank (Ohio)

Community Trust

Comerica Bank

Citizens Bank

Bayerische LandesbankBank of Hawaii

Banca IMIABN Amro Capital

United Overseas Bank Ltd (Canada)

State Bank of IndiaLoop Capital Markets

First Commercial Bank CanadaChina Merchants Bank Co Ltd

China Construction Bank Corp

Bank of TaiwanBank of China

Bank Hapoalim BM

Does Your Money Fund Oil Pipelines?Funding Behind DAPL and Proposed Tar Sands Pipelines

learn more at MazaskaTalks.org

$27.9 billion

ENergy TransferDakota Access PipelineBayou Bridge Pipeline

KINDER MORGANTransMountain Pipeline

TRANSCANADAKeystone xl PipelineEnergy East Pipeline

$18.9 Billion$14 Billion

$13 Billion

EnbridgeLine 3 Pipeline

Estimates of total liquidity provided by financial institutions to TransCanada, Kinder Morgan, Enbridge and Energy Transfer. As of May 2017, a review of corporate filings with the U.S. Securities and Exchange Commission, held up against finance industry databases, identified 28 credit facility and loan agreements totaling $41.5 billion in general corporate financing. Of the 28 lending agreements, half lack disclosure of individual bank commitments so equal distribution is assumed for the sake of illustration. Also included are underwriting commitments from January 1, 2014 through May 2017, altogether totaling another $32 billion in financing.