Dakota Access pipeline: ING sells stake in major victory for divestment push

The financial giant is the first of a group of 17 banks to divest from the loan that financed the pipeline as the embattled project is set to begin transporting oil

The financial giant ING has sold its stake in the $2.5bn loan financing the Dakota Access pipeline, the latest victory for the anti-pipeline divestment campaign that comes as the project is set to begin transporting oil.

The Dutch banking and financial services company is the first of a group of 17 banks to divest from the loan that financed the project. ING's share in the loan was $120m.