Truthout : Labor Organizers Launch a New Model for the Fight Against Private Equity
PESP’s and United for Respect’s May Day action and Labor Rights platform were featured in an investigative piece by Truthout…
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Find more information on the issues deeply affected by private equity investments:
Private Equity-Backed Companies Dominate 2020 Oil and Gas Bankruptcies
Private equity-backed companies comprised the majority of oil and gas producer bankruptcies in 2020. Of the companies that filed for bankruptcy last year, 57 percent are backed by private equity firms, or 26 of the 46 filings.[1] The high…
Blackstone’s Description of ESG Practices Leaves Out Key Information on its Fossil Fuel Investments
Filling in the Gaps on Blackstone’s energy investments Key Points – Private equity firm The Blackstone Group recently released a brochure describing its environmental, social, and governance (ESG) program that left out information about the firm’s extensive fossil fuel…
With High Debt, Dozens of Private Equity-Backed Oil & Gas Companies File for Bankruptcy
Oil company bankruptcies are on the rise, on track in the first nine months of 2020 to hit the highest number since the 2016 price downturn. However, compared to 2016, this year’s bankrupt companies are carrying substantially more debt.
PPP Loans Flow to Energy Companies Backed by Deep-Pocketed Private Equity
Congress designed the Paycheck Protection Program (PPP) to help small businesses remain afloat and ensure they continued to pay their employees, rent, mortgage interest and utilities, during the coronavirus pandemic. The program came under fire early on when some…
Blackstone investments driving Amazon deforestation and other climate concerns
In August, an article in The Intercept highlighted investments by private equity firm The Blackstone Group in a Brazilian infrastructure company that has spurred deforestation in the Amazon rainforest. In recent weeks, global attention has focused on the…
