"They want to squeeze as much profit as possible while they can from this outdated, dangerous coal plant.” The Gavin plant is the nation's deadliest coal plant, yet its private equity owner Blackstone has no plan to fix or retire the plant. Story by: Oliver Milman, The Guardian
Private Equity Stakeholder Project
Research Services
Chicago, Illinois 911 followers
The mission of PESP is to identify, engage, and connect stakeholders affected by private equity
About us
The private equity industry is massive, hugely influential, and playing a role in more and more aspects of life in the US and around the world. The industry manages nearly $7.5 trillion in assets and owns companies that employ more than 11 million American workers, plus millions more around the world. The industry touches a growing number of stakeholders, from workers and their unions, to communities and community groups, to those concerned about the environment. Private Equity Stakeholder Project is a non-profit organization whose mission is to identify, engage, and connect stakeholders affected by private equity with the goal of engaging investors and empowering communities, working families, and others impacted by private equity investments.
- Website
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https://pestakeholder.org/
External link for Private Equity Stakeholder Project
- Industry
- Research Services
- Company size
- 11-50 employees
- Headquarters
- Chicago, Illinois
- Type
- Nonprofit
- Founded
- 2017
- Specialties
- Research, Private Equity, Stakeholder Engagement, Data Analysis , Policy, Healthcare, Climate, Labor, Housing, and Civil Rights
Locations
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Primary
Chicago, Illinois 60647, US
Employees at Private Equity Stakeholder Project
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Alissa Jean Schafer, M.S.
Climate Director at Private Equity Stakeholder Project & Managing Owner of Copper Stamp Strategy
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Jordan Ash
Strategic Research Director | Corporate Accountability Campaigns | Housing & Economic Justice | Labor | Organizer & Movement Builder
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Nichole Heil
Senior Research and Campaign Coordinator, Private Equity Stakeholder Project
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Eileen O'Grady
Director of Programs at Private Equity Stakeholder Project
Updates
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As the hearing over the proposed Kroger-Albertsons merger unfolds, concerns are mounting that it will lead to higher prices for shoppers and further erode labor conditions, with private equity firms poised to pocket the gains at the expense of both consumers and workers.
Concerns mount about proposed Kroger-Albertsons merger during court battle
https://pestakeholder.org
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“Blackstone is used to playing that political game and it’s in their interest to keep the status quo so coal plants don’t face accountability,” PESP's Alissa Jean Schafer, M.S. told the Guardian.
A coal plant bulldozed an Ohio town displacing residents. Now its owners include a big Trump donor
theguardian.com
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The U.S. Federal Energy Regulatory Commission (FERC) has approved BlackRock’s $12.5 billion acquisition of private equity firm Global Infrastructure Partners, BlackRock’s largest acquisition in 15 years. PESP disagrees with FERC’s approval of this acquisition. BlackRock’s control over large public utilities and the expansion of its infrastructure portfolio pose risks to market competition. Find our full statement here: https://lnkd.in/gTRm2s2G
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For over a year, farmworkers at Instar-owned Windmill Farms have been fighting for better treatment and improved working conditions. Although Instar has assured its investors that labor issues on the farm have been resolved, evidence suggests otherwise.
Instar-owned Windmill Farms faces risks from ongoing labor dispute
https://pestakeholder.org
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Solar and wind power are among the energies creating a greener future in the face of climate change. Workers at private equity-owned renewable companies, however, are getting burnt by low wages, dangerous working conditions, and unpredictable schedules. Learn more in PESP's latest report ➡️
Private equity investments in green energy transition plagued by dangerous working conditions, reliance on unstable jobs
https://pestakeholder.org
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Private equity has created a near-duopoly in VRS interpretation, an essential online service that provides the Deaf and hard-of-hearing community with ASL interpretation to communicate with family, medical providers, emergency services, and others. As ASL interpreters face increasingly grueling working conditions in the industry, they’re demanding their right to organize be respected. Learn more: pestakeholder.org/asl
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This Labor Day, PESP celebrates the unions and organizers committed to creating better futures for every worker. As a proud union shop ourselves, we're honored to stand with the thousands of workers organizing at private equity-owned workplaces to advocate for their rights to fair wages, job protections, and better labor standards.
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As renewable energy plays an increasingly important role in the race to mitigate climate change, private equity's poor labor track record is throwing a wrench into the green transition. PESP's latest report dives into the subpar and sometimes dangerous working conditions faced by solar and wind workers at companies owned by firms like Blackstone and American Securities.
A Dark Side to Green Energy: Private Equity Risking the Future Economy by Neglecting Renewable Workers
https://pestakeholder.org
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Last month, members of the Los Angeles Tenants Union testified to CalPERS about the alleged harassment they experienced from K3 Holdings, a real estate firm backed by private equity firm TPG Capital.
LA Tenants Union Testifies about harassment in apartments financed by TPG
https://pestakeholder.org