What is MainePERS invested in?
By not implementing L.D. 99, MainePERS is remaining invested in an industry that is polluting and harming communities across the world.
Kohlberg Kravis Roberts & Co (KKR)
According to 2022 data, MainePERS has over $2 million invested in KKR, a private equity firm.
78% of KKR’s energy portfolio companies are rooted in fossil fuels, despite KKR’s claims of prioritizing the environment. The report shows that KKR has financed the:
Coastal GasLink Pipeline in British Columbia, Canada
Port Arthur LNG Project in Texas, United States
Cameron LNG Project in Louisiana, United States
Amnesty International published a report in December 2023 documenting human rights violations against Wet'suwet'en land defenders as the Coastal GasLink Pipeline has been constructed.
Read here how KKR-owned Spur Energy pollutes New Mexico communities.
ArcLight
According to 2022 data, MainePERS has over $80,000 invested in ArcLight.
ArcLight ranks second highest in Private Equity Firms Power Plant Holdings by Carbon Dioxide Emissions.
ArcLight has been behind the following projects:
The Gen J.M. Gavin coal plant, “which was the third dirtiest polluter of all GHG emitting facilities in the U.S. in 2020.”
The Oswego Harbor power plant, which spilled over 45,000 gallons of oil into Lake Ontario.
Blackstone
According to 2022 data, MainePERS has over $5 million invested in Blackstone, who co-owns the Gen J.M. Gavin coal plant with ArcLight.