Find more information on the issues deeply affected by private equity investments:
Last week, the Private Equity Stakeholder Project (PESP) presented at the annual Interfaith Center on Corporate Responsibility (ICCR) conference in New York City. ICCR is a coalition of faith- and values-based investors who…
Last week, S&P reported that Energy Capital Partners has entered into an agreement to acquire Lightstone Holdco LLC, the joint venture between Blackstone and ArcLight which owns the coal-fired Gavin Power Plant, one of the US’s largest and…
The U.S. Federal Energy Regulatory Commission (FERC) has approved BlackRock’s $12.5 billion acquisition of private equity firm Global Infrastructure Partners (GIP), BlackRock’s largest acquisition in 15 years. As part of the deal, BlackRock…
BlackRock, the world’s largest asset manager, with $10 trillion in assets under management, announced its plans to acquire private equity firm Global Infrastructure Partners (GIP) in January of this year. The $12.5 billion deal would be BlackRock’s largest…
Developer of GIP’s Rio Grande LNG project sees stock price drop The developer of Global Infrastructure Partners’ (GIP) proposed Rio Grande LNG terminal, NextDecade, saw its stock plummet by over 40% after a court ruling overturned the project’s…
The Gavin coal plant along the Ohio River, owned by the politically-connected private equity firm Blackstone, is losing money and poses significant environmental liabilities. The plant, owned by Blackstone and ArcLight Capital Partners, is considered the deadliest coal plant…
Common Dreams recently published an op-ed by PESP climate director Alissa Jean Schafer on the dangers of the Blackstone-owned Gavin Coal Plant in Ohio. The world’s largest private equity firm owns one of the US’s largest and dirtiest…
The proposed Rio Grande Liquified Natural Gas (LNG) terminal, backed by private equity firm Global Infrastructure Partners (GIP), is facing new headwinds. On August 6th, the D.C. Circuit Court issued a decision to…
The proposed Rio Grande Liquified Natural Gas (LNG) terminal, a project backed by private equity firm Global Infrastructure Partners (GIP), is encountering significant obstacles that call into question the viability of its future. The pension funds and other GIP investors…
Private equity giant, The Carlyle Group, announced in June it is building a new oil and gas drilling and exploration company in the Mediterranean. The firm kicked off this endeavor with a $945 million acquisition of a portfolio…
The Gavin Coal Plant (Gavin) is a 50-year-old 2,600 MW coal-fired power plant in Cheshire, OH,[1] originally developed and constructed by American Electric Power (AEP), an electric utility currently spanning 11 states[2]. Gavin is infamous for…
The Carlyle Group plans to establish an oil and gas company in the Mediterranean after acquiring projects in Italy, Egypt, and Croatia from Energean for up to $945 million. The new venture, chaired by former BP CEO Tony Hayward, will…
