Private investor divests $34.8m from firms tied to Dakota Access pipeline

Storebrand, a sustainable investment manager in Norway, hopes pulling shares from three groups will 'make some sort of impact' amid Defund DAPL movement

Norway's largest private investor is divesting from three companies tied to the Dakota Access pipeline, a small victory for the Standing Rock movement one week after the eviction of the main protest encampment.

Storebrand, a sustainable investment manager with $68bn in assets, sold off $34.8m worth of shares in Phillips 66, Marathon Petroleum Corporation, and Enbridge, the company announced Wednesday. The three companies are partial owners of the pipeline.