Search Climate Insights Directory

The Private Equity Stakeholder Project (PESP) testified in support of Illinois bills S.B. 3118 and H.B. 4728, arguing that private equity ownership of intellectual or developmental disability (IDD) services prioritizes short-term profits over patient care. PESP highlights risks such as 'dividend recapitalization'—where firms like Centerbridge Partners and Vistria Group extracted over $737 million from providers Sevita and Help at Home—and the case of Bain Capital's Broadstep Behavioral Health, whose license to operate group homes in Illinois was revoked in July 2024 due to repeat quality standard violations.

The testimony by Dr. Karl Hausker of the World Resources Institute outlines decarbonization strategies for the United States, including energy efficiency, electrification, clean electricity generation, and carbon capture and storage, to align with the 1.5°C warming limit established by the 2018 IPCC report.

The Private Equity Stakeholder Project (PESP) supports California AB 3129, arguing that the bill is necessary to protect the financial stability of state health systems from the negative impacts of private equity consolidation. PESP cites examples of private equity-owned entities in California, such as Prospect Medical Holdings and Pipeline Health, as evidence of profiteering and poor patient care. The testimony highlights a broader trend of private equity healthcare buyouts, which peaked in 2021 with 515 deals valued at $151 billion, and argues that such investments often involve looting safety net hospitals and cutting essential services for short-term profit.

The document outlines the systemic health and environmental costs of plastics, from fossil fuel extraction to waste management, and warns that projected production growth will consume a substantial portion of the remaining global carbon budget.

The document argues that the United States must address market failures to reduce carbon pollution and greenhouse gas emissions, specifically focusing on reducing methane leakage from natural gas systems, to balance its energy boom with environmental protection.