Is it true that PNC provides funding for the Dakota Access Pipeline (also referred to as the Bakken pipeline or DAPL)?
PNC does not provide, and never has provided, project financing for the Dakota Access Pipeline. We understand that there is a specific, bank-provided project financing facility for the Dakota Access Pipeline, and we are not and have not been a participant in that financing.
Does PNC provide any financing to energy companies?
Yes. PNC recognizes the opportunities associated with providing financing to energy companies. This includes helping them to create economically viable renewable energy solutions and to develop innovative alternative energy sources.
We also recognize the complexities associated with energy financing, so PNC conducts an environmental risk assessment prior to making lending decisions across all industries. This includes reviewing the borrower’s past and present environmental compliance with laws and regulations. Learn more about our commitment to corporate social responsibility.
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