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Kaplan Proposes Stop Using Banks That Invest in Dakota Pipeline

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Oakland Councilmember Rebecca Kaplan submitted a resolution proposing for Oakland to not do business with financial institutions that have direct investments in the Dakota Access Pipeline (DAPL), and to seek to do business with financial institutions that are committed to fair and responsible business practices.

Kaplan has been a leader in her support for divestment from DAPL, authoring both a resolution proclaiming the city’s support for the Standing Rock Sioux Tribe’s opposition to DAPL and a resolution urging the California Public Employee’s Retirement System (CalPERS) to divest from DAPL.

“The Dakota Access Pipeline threatens the land, the water, and the treaty rights of the indigenous people,” said Kaplan.

“One of the ways we can stand in solidarity and fight for our shared values is by where we put our money.  We should work to end funding financial institutions that are invested in DAPL, and fight for socially and environmentally responsible banking,” she said.

“Part of our work to do this includes our efforts to launch a public bank.  And, in the city’s upcoming contracting processes, we should make clear our policy that we don’t want to do business with those who disrespect our community, tribal rights, and our planet,” Kaplan continued.

The resolution is scheduled to be heard at the April 11 Finance Committee meeting at 9:30 a.m. in Hearing Room 1, Oakland City Hall.

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Oakland Post: Week of April 2 – 8, 2025

The printed Weekly Edition of the Oakland Post: Week of April 2 – 8, 2025

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Oakland Post Endorses Barbara Lee

Barbara Lee will be able to unify the city around Oakland’s critical budget and financial issues, since she will walk into the mayor’s office with the support of a super majority of seven city council members — enabling her to achieve much-needed consensus on moving Oakland into a successful future.

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Congresswoman Barbara Lee. Courtesy photo, Office of Rep. Barbara Lee.
Former Congresswoman Barbara Lee. Courtesy photo.

As we end the celebration of Women’s History Month in Oakland, we endorse Barbara Lee, a woman of demonstrated historical significance. In our opinion, she has the best chance of uniting the city and achieving our needs for affordable housing, public safety, and fiscal accountability.

As a former small business owner, Barbara Lee understands how to apply tools needed to revitalize Oakland’s downtown, uptown, and neighborhood businesses.

Barbara Lee will be able to unify the city around Oakland’s critical budget and financial issues, since she will walk into the mayor’s office with the support of a super majority of seven city council members — enabling her to achieve much-needed consensus on moving Oakland into a successful future.

It is notable that many of those who fought politically on both sides of the recent recall election battles have now laid down their weapons and become brothers and sisters in support of Barbara Lee. The Oakland Post is pleased to join them.

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Oakland Post: Week of March 28 – April 1, 2025

The printed Weekly Edition of the Oakland Post: Week of March 28 – April 1, 2025

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