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Feb 24, 2020 · Disclosures show that Willett Advisors, Bloomberg’s family wealth fund, owned an equity stake in the fracking firm. The disclosure lists Briner, the Willett Advisors executive, as the...
In February 2020, The Intercept reported that Willet has invested in oil and gas and it had invested in White Star Petroleum, a fracking firm that filed for bankruptcy protection. It also reported that Willet has invested through corporate entities with opaque names such as "10413 Investment Holdings LLC" and "20213 Investment Holdings," with ...
- “It Makes Sense to Frack”
- “We Are Natural Gas Bulls”
- Big Green Cover
- Market Environmentalism
Bloomberg is a big advocate of fracking and the expansion of natural gas infrastructure. At the beginning of Climate of Hope, he writes: “I don’t want to ban fracking (just do it safely) or stop the Keystone pipeline (the oil is coming here one way or another), and I support nuclear power.” He later goes into write: “Natural gas, when safely and re...
Bloomberg invests his billions through a firm called Willett Advisors. Indeed, Willett exists solely to manage and invest Bloomberg’s assets. Its chairman and CEO is Steven Rattner, a private equity executive and former head of Obama’s Presidential Task Force on the Auto Industry in 2009, which created the agreement to bail out GM and Chrysler. Wil...
There are a range of self-professed environmental organizations that provide Bloomberg with cover to pose as a climate hero even as he remains dedicated to investing in and promoting fossil fuels. These groups – sometimes referred to as “Big Green,” who “greenwash” for the oil and gas industry – are funded and closely tied to the very same corporat...
Bloomberg is, in his own words, an “unrepentant capitalist” who envisions market forces and private corporations as driving the response to climate change. His well-funded supporters put a positive spin on Bloomberg’s market approach – he is merely being “practical.” The EDF director writesthat Bloomberg is “talking about common sense solutions to ...
Jan 13, 2024 · Steve Rattner, Willett Advisors Chairman & CEO tells us why Wall Street will not react well to a second Trump victory. He also shares his outlook for the US economy in 2024.
Dec 14, 2021 · The capital that launched them was $70 million in loans from a trust funded by their father. They have done well parlaying that stake; the three are now worth more than $700 million.
May 21, 2024 · Steve Rattner is the Chairman and CEO of Willett Advisors LLC, which invests former New York Mayor Michael Bloomberg’s personal and philanthropic assets. He is the Economic Analyst for MSNBC’s Morning Joe and is a Contributing Writer for the Op-Ed page of The New York Times.
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Jan 4, 2021 · Liberty Oilfield Services Inc. (NYSE: LBRT) and Schlumberger (NYSE: SLB) announced today the completion of the contribution of Schlumberger’s onshore hydraulic fracturing business in the United States and Canada (“OneStim®”) to Liberty on December 31, 2020, including its pressure pumping, pumpdown perforating, and Permian frac sand ...
