© 2024 Hawaiʻi Public Radio
Play Live Radio
Next Up:
0:00 0:00
Available On Air Stations

Hawai‘i Democratic Party Leaves First Hawaiian Bank Over DAPL

Sierra Club Hawaii
Sierra Club Hawaii

The Hawaii Democratic Party is pulling its business from First Hawaiian Bankin support of Dakota pipeline protests.  First Hawaiian’s principal shareholder is BNP Paribas, a French bank that owns 82% of the company.  BNP Paribasis one of 17 banks investing in the Dakota Access Pipeline, and has individually invested more than $400 million dollars into the project.

Sierra Club Hawaii
Credit Sierra Club Hawaii

The Sierra Club of Hawaiisays organizations and individuals have withdrawn more than dollars $1.6 million from First Hawaiian since the initial call for action this past December.  In a statement yesterday, Hawaii Democratic Party Chair Tim Vandeveer urged people to back companies that support Native Rights and the environment.

In a statement, First Hawaiian said we are respectful of the concerns being expressed. First Hawaiian Bank has no involvement with the Dakota Access Pipeline.  We have not made any investment in this project. Our focus remains on our commitment to serving our customers and our community. First Hawaiian Bank’s core company values of giving back to our community and supporting individuals, families and businesses have remained consistent throughout our 158 years in Hawaii.  While BNPP is a major shareholder, First Hawaiian Bank is an entirely separate entity.  As a publicly traded company First Hawaiian has many shareholders and as such, does not control the actions of its shareholders. 

In adifferent release, BNP Paribas said it was reducing its stake in the company, selling more than 28 million shares of First Hawaiian stock.  The move would reduce BNP’s stake in First Hawaiian to around 62%. 

Nick Yee’s passion for music developed at an early age, as he collected jazz and rock records pulled from dusty locations while growing up in both Southern California and Honolulu. In college he started DJing around Honolulu, playing Jazz and Bossa Nova sets at various lounges and clubs under the name dj mr.nick. He started to incorporate Downtempo, House and Breaks into his sets as his popularity grew, eventually getting DJ residences at different Chinatown locations. To this day, he is a fixture in the Honolulu underground club scene, where his live sets are famous for being able to link musical and cultural boundaries, starting mellow and building the audience into a frenzy while steering free of mainstream clichés.
Related Stories