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Ares Management: Stop Funding Pilgrim Pipeline
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Add yourself and/or your organization to the following letter to Ares Management and its key investors. Contact Marcos Feldman at UNITE HERE with any questions at (872) 444-0022 or mfeldman@unitehere.org.
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Michael Arougheti
President
Ares Management, L.P.
2000 Avenue of the Stars
12th Floor
Los Angeles, CA 90067

Dear Mr. Arougheti:

WE, the undersigned opponents of the proposed Pilgrim Pipeline, urge you and your investors to stop funding this environmentally destructive project.

These two 170-mile bi-directional underground pipelines capable of carrying up to 400,000 barrels of crude oil and refined products per day would threaten densely populated areas, drinking water sources and wildlife habitats with potential leaks and explosions. These risks were detailed at length in a May 2016 letter from the Coalition Against Pilgrim Pipeline to Ares Management.

In addition to posing environmental risks, the pipelines face growing community and lawmaker opposition amidst significant regulatory hurdles:

• The pipelines are opposed by all of the municipalities along the pipelines' proposed route in New Jersey and both houses of the state’s legislature.
• The New Jersey utility Public Service Electric & Gas Co. has denied Pilgrim the use of a 27-mile right-of-way, stating that “it was not in the best interests of the utility or its customers to allow access to the right of way.”
• In New York, where village and city boards reportedly have “veto power” over pipelines crossing their borders under the Transportation Corporations Law, the project is opposed by more than 20 municipalities along the proposed route.
• A bill was filed in the New York State Assembly that would call on the New York Thruway Authority – the largest landholder along the route – to deny the use of its right-of-way. Pilgrim has stated that alternate routes off the Thruway are not feasible.

Opposition to your pipelines continues to grow. In July two more New York municipalities – one with “veto power” – passed resolutions opposing the pipelines.

We will continue to oppose this project to ensure a safe and healthy environment for our families and communities. We ask that you and your investors publicly commit to withdraw your funding for Pilgrim Pipeline.


CC:

KEY ARES MANAGEMENT INVESTORS:

California Public Employees Retirement System
Rob Feckner, President

New York State Common Retirement Fund
Thomas P. DiNapoli, Comptroller

Pennsylvania Public School Employees Retirement System
Melva S. Vogler, Chairman

State Teachers Retirement System of Ohio
Carol Correthers, Chairman

Florida State Board of Administration
Governor Rick Scott, Chairman

State of Wisconsin Investment Board
David Stein, Chair

Teachers Retirement System of the City of New York
John Adler, Chairperson

New York City Employees' Retirement System
Ray Sanchez, Chairperson

New York State Teachers' Retirement System
David Keefe, President

New Mexico State Investment Council
Governor Susana Martinez, Chair

Michigan Department of Treasury
Patrick J. Delvin, Chairperson

New York City Police Pension Fund
Patrick Hendry, Chairman

Colorado Public Employees’ Retirement Association
Maryann Motza, Chair

Kansas Public Employees’ Retirement System
Lois Cox, Chairperson

Los Angeles Fire and Police Pension System
Pedram Salimpour, President

California State Teachers' Retirement System
Dana Dillon, Chair

New Mexico Educational Retirement Board
Mary Lou Cameron, Chairperson


INVESTORS IN ARES’ ENERGY INVESTORS FUNDS:

Contra Costa County Employees’ Retirement Association
John B. Phillips, Chairperson

North Carolina State Treasurer
Janet Cowell, Chair

Teachers’ Retirement System of Illinois
Tony Smith, President

Arizona Public Safety Personnel Retirement System
Brian P. Tobin, Chairman

Montana Board of Investments
Mark Noennig, Chairman

North Dakota Investment Board
Drew Wrigley, Chair

Hawaii Employees' Retirement System
Vince Barfield, Chair

Maryland State Retirement and Pension System
Nancy K. Kopp, Chairman

Nebraska Investment Council
Gail Werner-Robertson, Chairwoman

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