Private equity firm @blackstone has made big investments in companies that are destroying the Amazon rainforest. @repmarkpocan, @RepRaulGrijalva, @RepDebHaaland, @RepRashida, @RepChuyGarcia, @SenWhitehouse & I want them to explain their business practices. politico.com/news/2019/12/1…
It is deeply disturbing that a US private equity firm like @blackstone has invested in Brazilian logistics company Hidrovias to take advantage of weakened environmental safeguards & boost their short-term profits at the expense of our global climate & Indigenous communities.
My #StopWallStreetLooting Act with @repmarkpocan & others would hold private equity firms responsible for the liabilities of companies under their control & require greater transparency in private equity firms’ practices. Our economy – and our planet – can’t wait any longer.
