Food and Water Watch Demands that Ares Divest from Pilgrim Pipelines at Morgan Stanley Financials Conference
Last Wednesday environmental advocates with Food and Water Watch protested at the Morgan Stanley Financials Conference where Ares Management CEO Michael Arougheti and CFO Michael McFerran were presenting.
Food and Water Watch is a national environmental advocacy organization and a leading member of the Coalition Against Pilgrim Pipeline, a 76-member alliance of community groups in New York and New Jersey. Eric Weltman of Food and Water Watch told conference attendees that “Ares should stop investing in climate chaos and stop sinking money into that losing venture, Pilgrim Pipelines.”
Ares committed $195 million to the proposed Pilgrim Pipelines, which faces significant community and lawmaker opposition. For more information see UNITE HERE’s report, Is Ares Management Building a Pipeline to Nowhere?