Gas export protesters shut down Bank of America over $4B credit line for Dominion

On the 21st of January, opponents of Bank of America’s investments in Dominion’s fracked gas export facility at Cove Point showed up at the branch across the street from the White House. Some of them were from Lusby in Calvert County, in the area an accident at the gas plant could incinerate. When one of the activists tried to deliver a letter to the bank manager, the bank refused to accept it and locked their doors in response to several more activists going inside. The bnak branch remained locked and shut down for the duration of the protest

Outside, more and more activists showed up for a picket with noisemakers. These were deemed necessary since Bank of America did not seem to be listening to the people who live near Dominion’s Cove Point LNG (liquified natural gas) facility. The former gas import plant is one year into a three year project to turn it into a much larger export facility for fracked gas, and running about six months behind schedule due to activist pressure and nervous financial institutions. Other bankers and investors have expressed “concern” that this facility has become a risky investment in ways other than the physical safety of those living inside the 1.8KM incineration radius of an LNG accident. As that “concern” spreads, Dominion could become the Huntingdon Life Sciences of fossil fuel production and export. Right now they have a $ 4 billion line of credit from Bank of America making possible things like the Cove Point expansion and the Atlantic Coast pipeline to feed it. If Bank of America dumps Dominion, their dreams of fracked gas export could well go belly-up. The amount of money necessary to bail out Dominion would then be at least that $4 billion, or almost 40 times as much as it cost US Bank to bail out Huntingdon Life Sciences after activists severed their $100 Million lifeline to Fortress Inc. In other words, activist should only have to kill the gas export plant once for it to stay all the day dead.

Video from both the team inside Bank of America and the protest outside



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