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Capturing the $100 Billion Carbon Management Opportunity in Texas
Texas can leverage its existing oil and gas infrastructure, geological assets, and federal tax credits under the One Big Beautiful Bill Act to become a global leader in carbon management, potentially attracting up to $94 billion in investments and creating up to 211,000 jobs by 2050.
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Document type: Policy brief
Urban Heat Hot Spots in 65 Cities
Climate Central's analysis of 65 major U.S. cities reveals that approximately 76% of the 6.2 million K-12 public school students in these areas attend school in 'extreme urban heat zones,' where the built environment adds at least 8°F of additional heat. The average student in these cities attends school in a neighborhood that is 8.3°F hotter due to the built environment, with the highest average additional heat found in New York City (9.6°F). The report highlights that children are particularly vulnerable to heat-related health risks, which can impair academic achievement and development, while noting that 41% of public school districts need to update or replace HVAC systems in at least half of their schools.
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Document type: Report
Monthly Attribution Overview May 2025
The report analyzes May 2025 temperatures across 192 U.S. cities, finding a moderate average anomaly of 0.1°F. While 102 cities were cooler than average, 24 recorded top 10 warmest May temperatures. Long-term trends show 185 of 191 analyzed stations have warmed since 1970, with Reno, Nevada, seeing the fastest increase. The Climate Shift Index (CSI) highlighted strong climate change influence in 35 cities, particularly in the West, South, and Southeast.
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Document type: Report
Private Equity Detention and Surveillance Tracker
The Private Equity Detention and Surveillance Tracker details the involvement of private equity firms in the US mass incarceration system, covering facility management, healthcare, food services, telecommunications, and surveillance tools. It highlights how profit motives lead to cost-cutting in critical services, high markups on basic necessities, and the deployment of controversial surveillance technologies.
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Document type: Report
Financing Solar Panels Just Became Much Easier. Thank the Climate Bill.
The Inflation Reduction Act (IRA) has introduced 'Direct Pay' (or elective pay), allowing tax-exempt entities and certain third-party financial organizations to receive cash back—between 30% and 70%—on clean energy project costs. This enables a model where a third party, such as the nonprofit RE-volv, pays upfront costs and leases the system to a recipient at a monthly rate lower than previous electricity costs. A 12kW project at the Watts-Willowbrook Church of Christ in Compton, California, serves as an example, expecting to save over $180,000 in electricity costs over 20 years with no upfront payment. RMI's RISE Cohort is working to scale this model by providing technical assistance to local governments and financial institutions.
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Document type: Case study
Decarbonizing U.S. transportation: Progress and opportunities
The U.S. transportation sector, responsible for nearly one third of national greenhouse gas emissions, is undergoing decarbonization through a combination of federal strategies, such as the U.S. National Blueprint for Transportation Decarbonization, and significant funding from the IIJA and Inflation Reduction Act. While progress is evident in the buildout of EV and hydrogen corridors and the growth of clean energy manufacturing jobs, the document argues that the U.S. is not yet on track to meet its goal of cutting all transportation greenhouse gas emissions by 2050. Regional efforts are concentrated in the West Coast (hydrogen and EV corridors), Midwest (battery manufacturing and freight networks), Gulf Coast (low-emissions shipping and hydrogen trucking), and East Coast (EV manufacturing and I-95 freight corridors). To accelerate progress, the document recommends a federal clean fuel standard, improved inter-agency coordination, and stronger community engagement.
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Document type: Briefing
Testimony for the Senate Democratic Policy Committee Hearing: Healthcare Accessibility and Hospital Closure Impacts
The Private Equity Stakeholder Project (PESP) testifies that private equity firms use extractive financial tactics—such as high leverage, sale-leasebacks, and debt-funded dividends—to maximize returns, often resulting in the bankruptcy or closure of hospitals. The document highlights specific cases including Prospect Medical Holdings, Steward Health Care, and Apollo Global Management's Lifepoint/ScionHealth, noting severe impacts on patient safety and staffing. PESP proposes state-level policy solutions including stricter merger reviews, financial transparency, anti-looting measures, and joint and several liability for investors.
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Document type: Statement
Comment to Teacher Retirement System of Texas
The Private Equity Stakeholder Project warns the Teacher Retirement System of Texas that Blackstone's acquisition of Tricon Residential will exacerbate the housing affordability crisis and harm tenants. The author highlights that Blackstone would own 9,000 single-family rental homes in Texas following the deal and cites a history of poor property management at Invitation Homes and Home Partners of America, including maintenance failures and inflated rents.
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Document type: Statement
How Cities Can Scale On-Site Solar with New Federal Incentives
The City of San Antonio has approved a deal with Big Sun Solar to install approximately 13 MW of solar capacity across 42 city-owned facilities and parking lots. This project is notable for being among the first to use the 'direct pay' (Elective Pay) mechanism established by the Inflation Reduction Act (IRA) of August 2022, which allows tax-exempt entities to receive tax credits to reduce upfront costs. The project is expected to offset about 11 percent of electricity consumption for City operations and generate net savings of $7–$11 million over 25 years. The guide outlines four lessons for other cities: aggregating small projects for economies of scale, leveraging tax credit bonuses for low-income or energy communities, planning for the time lag in receiving direct pay refunds, and maintaining flexibility in procurement to compare different financial structures using net present value.
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Document type: Guide
Many US Communities Face EV ‘Charging Deserts.’ 5 Strategies Can Help
The document argues that the U.S. transition to electric vehicles risks leaving behind low-income, rural, and minority communities due to 'charging deserts' and financial barriers. It outlines five strategies for local governments to ensure equitable access: utilizing community input for siting, prioritizing multifamily housing and charging deserts, expanding urban curbside charging, increasing pricing transparency, and supporting diverse e-mobility modes. The guide emphasizes that overcoming disparities in homeownership and energy burdens is essential for a just energy transition.
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Document type: Guide
HOW PRIVATE EQUITY RAIDED SAFETY NET HOSPITALS
The report details how Pipeline Health, backed by firms including Stanton Road Capital, Davidson Kempner Capital Management, and Deerfield Management, utilized sale-leaseback transactions and complex subsidiary structures to monetize hospital real estate. It highlights the closure of Westlake Hospital in Illinois, which occurred despite promises to regulators, and the sale of Weiss Memorial Hospital's parking lot for luxury housing. The document concludes that these practices led to Pipeline's own Chapter 11 bankruptcy in 2022 and recommends stricter state and federal oversight of private equity acquisitions of safety net hospitals.
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Document type: Report
How Private Equity Raided Safety Net Hospitals and Left Communities Holding the Bag
The report details the ownership of Prospect Medical Holdings by Leonard Green & Partners from 2010 to 2021, alleging that the firm used dividend recapitalizations and sale-leaseback transactions to siphon $658 million in fees and dividends. This financial extraction occurred while Prospect hospitals suffered from low quality ratings, staffing shortages, and severe financial losses, eventually leading to service cuts and facility closures in states like Pennsylvania and Texas. The document argues that Leonard Green exited its majority stake in 2021, leaving the hospitals with substantial liabilities and diminished resources.
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Document type: Case study
GreenLatinos Statement Regarding SCOTUS Landmark Rulings
GreenLatinos condemns the US Supreme Court's ruling in West Virginia v. EPA, stating it undermines the EPA's ability to reduce greenhouse gas emissions from power plants and harms communities of color. The organization links this legal setback to broader human rights issues and climate-induced migration, calling on Congress to pass a $550 billion reconciliation package and invest in a just transition to renewable energy.
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Document type: Statement
Microsoft Word - NRC.ISP
Governor Greg Abbott opposes the licensing of an Interim Storage Partners (ISP) facility in Andrews County, Texas, citing risks to public safety, national energy security, and the economic stability of the Permian Basin. He argues that the facility would be a high-value target for terrorism and that the lack of a permanent geologic repository makes the 'interim' nature of the storage unreliable. Additionally, he notes that the transportation of radioactive waste would disrupt the region's critical oil and agricultural logistics.
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Document type: Statement
RAIDING THE SAFETY NET
The report details how Leonard Green & Partners acquired Prospect Medical Holdings in 2010 and subsequently extracted between $570 million and $658 million in fees and dividends. This occurred despite a dramatic decline in EBITDA from $142 million in 2015 to $17 million in 2018 and the accumulation of $260 million in unfunded pension liabilities. The document highlights systemic failures, including the complete closure of the Nix Health system in Texas, 'immediate jeopardy' patient conditions in Connecticut, and legal disputes over pensions in Rhode Island and community funding in Pennsylvania. It concludes by urging the Pennsylvania Attorney General to block a change in ownership until Leonard Green returns the extracted funds to support hospitals during the COVID-19 pandemic.
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Document type: Report
RAIDING THE SAFETY NET: LEONARD GREEN & PARTNERS SEEKS TO WALK AWAY FROM PROSPECT MEDICAL HOLDINGS AFTER COLLECTING $570 MILLION IN FEES AND DIVIDENDS
The report details how Leonard Green & Partners extracted $570.44 million in fees and dividends from Prospect Medical Holdings while the health system faced widespread operational failures, including facility closures in Texas, quality rating declines in Connecticut, and legal disputes over pensions and taxes in Rhode Island and Pennsylvania. By November 2019, Leonard Green sought to sell its 61% stake to minority owners for $12 million, a fraction of its original investment, leaving behind a legacy of financial distress and deteriorating care at several safety net hospitals.
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Document type: Report
Health Risks in Texas from Oil and Gas Industry Air Pollution
The document details the health impacts of oil and gas industry air pollution in Texas, noting that toxic emissions increase cancer risks in 82 counties and ozone smog causes approximately 145,000 annual asthma attacks in children. It highlights that 2.3 million Texans and over 900 schools are located within a half-mile of active operations, and argues that the suspension of EPA standards for leak inspections further endangers the population.
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Document type: Fact sheet
Comunidades Latinas en Riesgo
The report finds that millions of Latinos in the US are disproportionately exposed to toxic air pollutants and ozone from oil and gas infrastructure, leading to significant health burdens. It highlights that 1.81 million Latinos live within a half-mile of such facilities and 1.78 million live in counties where cancer risks exceed EPA concern levels. The document argues that poverty and lack of health insurance exacerbate these risks, and calls for the EPA to regulate existing facilities, not just new ones, to protect public health and address climate change.
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Document type: Report
Latino Communities at Risk
The report finds that millions of Latinos are exposed to toxic air pollutants and ozone smog from oil and gas facilities, leading to elevated cancer risks and childhood asthma attacks. These health threats are exacerbated by higher poverty rates and lower health insurance coverage within Latino populations. The authors argue for comprehensive EPA regulations covering both new and existing oil and gas infrastructure to reduce methane and toxic emissions.
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Document type: Report
Increasing Home Value Through Home Energy Upgrades
The document highlights that energy efficiency upgrades, particularly attic insulation, can provide a high return on investment in terms of home resale value. It references the Remodeling magazine Cost vs. Value Report to show that attic insulation was the only project with a greater-than-100-percent cost vs. value ratio nationally, yielding a 166 percent return. Beyond resale value, the briefing identifies operational cost savings, improved thermal comfort, and health benefits—such as an 85 percent drop in hospital admissions for children with asthma following comprehensive retrofits—as key drivers for homeowners. Other value-adding upgrades mentioned include solar PV systems, high-efficiency HVAC systems, envelope improvements, and advanced water heating technologies.
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Document type: Briefing