An online petition is asking the city to discontinue its business relationship with Wells Fargo bank.
One of the concerns cited by petition organizers is Wells Fargo’s role in financing the Dakota Access Pipeline, a controversial oil pipeline project that is opposed by many Native Americans.
“Wells Fargo is the City of Decatur’s primary bank,” the petitions says. “Our property, business and other taxes and the City’s funds are deposited with Wells Fargo. According to Investopedia, deposits are the primary source of loanable funds for almost every bank. Wells Fargo loans our money to fund fossil fuel infrastructure projects, such the Dakota Access Pipeline (DAPL). We do not want our tax dollars to support the DAPL project.”