Hill Heat: Clinton Goes to Pennsylvania to Reap Windfall from Pennsylvania FrackersScience Policy Legislation Actiontag:www.hillheat.org,2005:TypoTypo2016-01-28T15:50:04-05:00Brad Johnsonurn:uuid:9108268e-1a5d-4039-99ae-04f4e2480a352016-01-28T11:34:00-05:002016-01-28T15:50:04-05:00Clinton Goes to Pennsylvania to Reap Windfall from Pennsylvania Frackers<div style='float:right;width:40%;font-size:x-small'><img src='/files/clinton_franklin_square.JPG' style='width:100%'>Clinton enters the Franklin Square Capital Partners headquarters through a back entrance. Credit: Yong Kim</div>Last night, Hillary Clinton <a href="http://www.philly.com/philly/news/politics/20160128_Clinton_raises_funds__meets_clergy_in_Philly.html">attended a gala fundraiser</a> in Philadelphia at the headquarters of Franklin Square Capital Partners, a major investor in the fossil-fuel industry, particularly domestic fracking. The controversial fracking industry is particularly powerful in Pennsylvania, which will host the <a href="http://www.phldnc.com/">Democratic National Convention</a> this July.
<p>Clinton has <a href="http://www.politico.com/story/2015/07/the-holes-in-hillary-clintons-climate-plan-120682">avoided taking any clear stand</a> on fracking. While she has <a href="https://www.washingtonpost.com/news/post-politics/wp/2015/08/02/hillary-clinton-promises-to-build-on-obama-climate-plan-as-president/">embraced</a> the Clean Power Plan, which assumes a strong increase in natural-gas power plants, she also supports a much deeper investment in <a href='http://www.greentechmedia.com/articles/read/can-the-us-reach-hillary-clintons-new-solar-goal'>solar electricity</a> than the baseline plan. The pro-Clinton Super <span class="caps">PAC</span> Correct the Record, run by David Brock, touts Clinton’s <a href='http://correctrecord.org/hillary-clinton-fueling-americas-energy-future/'>aggressive pro-fracking record</a>.</p>
<p>Numerous grassroots groups have risen to oppose the toxic fracking of Pennsylvania and its labor abuses, including <a href="http://www.marcellusprotest.org/">Marcellus Protest</a>, <a href='http://www.nofrackingway.us/'>No Fracking Way</a>, <a href='http://www.paagainstfracking.org/'>Pennsylvanians Against Fracking</a>, <a href='http://keeptapwatersafe.org/'>Keep Tap Water Safe</a>, <a href='http://www.stopfrackingnow.com/'>Stop Fracking Now</a>, and <a href='http://www.stopthefrackattack.org/who-we-are/'>Stop the Frack Attack</a>.</p>
<p>As reported by the Intercept’s Lee Fang, “One of Franklin Square Capital’s investment funds, the FS Energy & Power Fund” the Intercept’s Lee Fang <a href="https://theintercept.com/2016/01/26/hillary-clinton-doing-back-to-back-finance-industry-fundraisers-just-before-iowa/">reports</a>, “is heavily invested in fossil fuel companies, including offshore oil drilling and fracking.” The company <a href="http://mediacenter.merrillcorp.com/interface/viewer.asp?LocationID=6196315&ClientID=63&Purpose=HUMAN_VIEW&Caller=RETRIEVE_FILE">cautions</a> that “changes to laws and increased regulation or restrictions on the use of hydraulic fracturing may adversely impact” the fund’s performance.</p>
<p>Through its fund, Franklin Square <a href="http://www.franklinsquare.com/our-funds/fs-energy-power-fund/portfolio">invests</a> in private fracking and oil drilling companies across the nation, as well as Canada and the Gulf of Mexico. This includes heavy investment in Pennsylvania frackers.</p>
<p><strong>Franklin Square companies in the Pennsylvania fracking industry</strong></p>
<ul>
<li><a href="http://www.afglobalcorp.com/markets/oil-gas">Ameriforge Group</a></li>
<li><a href="http://www.atlasresourcepartners.com/operations/?location=6"><strong>Atlas Resource Partners</strong></a></li>
<li><a href="http://www.cactuswellhead.com/content/locations.html">Cactus Wellhead</a></li>
<li><a href="http://www.calpine.com/power/plant.asp?plant=269">Calpine</a></li>
<li><a href="http://www.chiefog.com/WhereWeOperate.aspx"><strong>Chief Oil & Gas</strong></a></li>
<li><a href="http://www.cimarronenergy.com/about-us/">Cimarron Energy</a></li>
<li><a href="http://www.crestwoodlp.com/operations/storage-and-transportation/#NMarcellus">Crestwood</a></li>
<li><a href="http://www.dynegy.com/downloads/Dynegy_Facilities.pdf">Dynegy</a></li>
<li><a href="http://www.eclipseresources.com/"><strong>Eclipse Resources</strong></a></li>
<li><a href="http://www.evenergypartners.com/assets/map.html"><strong>EV Energy Partners</strong></a></li>
<li><a href="http://www.exterran.com/">Exterran Partners</a></li>
<li><a href="http://www.gardnerdenver.com/company/energy_group/">Gardner Denver</a></li>
<li><a href="http://www.globalp.com/terminals/state.cfm?state=PA">Global Partners</a></li>
<li><a href="https://www.qc-energy.com/">Gruden Acquisition</a></li>
<li><a href="http://www.thekag.com/">Kenan Advantage Group</a></li>
<li><a href="http://www.moxieenergy.com/Moxie_Liberty_Generation_Plant.html">Moxie Liberty</a></li>
<li><a href="http://www.murrayenergycorp.com/production/">Murray Energy Corp</a></li>
<li><a href="http://www.peroxychem.com/markets/oil-gas-production">PeroxyChem</a></li>
<li><a href="http://www.vantageenergy.com/vantage-operations/appalachian/"><strong>Vantage Energy</strong></a></li>
<li><a href="http://www.warrenresources.com/pages/operations.html"><strong>Warren Resources</strong></a></li>
<li><a href="http://www.zachrygroup.com/markets#energy">Zachry Holdings</a></li>
</ul>
<p><strong>Bold</strong> indicates a company that runs fracking wells in Pennsylvania (Eclipse Resources is a Pennsylvania-based company with fracking operations in Ohio). The other companies listed are industry service companies with business in Pennsylvania, including pipelines, trucking, chemicals, and power plants. Murray Energy runs coal mining operations in Pennsylvania.</p>
<p>Tickets to the event ranged from $1,000 to $27,000. Contributors at the $2,700 level got a photo taken with Clinton, and the $27,000 contributors were afforded the opportunity to meet and hear Jon Bon Jovi perform an acoustic set.</p><div style='float:right;width:40%;font-size:x-small'><img src='/files/clinton_franklin_square.JPG' style='width:100%'>Clinton enters the Franklin Square Capital Partners headquarters through a back entrance. Credit: Yong Kim</div>Last night, Hillary Clinton <a href="http://www.philly.com/philly/news/politics/20160128_Clinton_raises_funds__meets_clergy_in_Philly.html">attended a gala fundraiser</a> in Philadelphia at the headquarters of Franklin Square Capital Partners, a major investor in the fossil-fuel industry, particularly domestic fracking. The controversial fracking industry is particularly powerful in Pennsylvania, which will host the <a href="http://www.phldnc.com/">Democratic National Convention</a> this July.
<p>Clinton has <a href="http://www.politico.com/story/2015/07/the-holes-in-hillary-clintons-climate-plan-120682">avoided taking any clear stand</a> on fracking. While she has <a href="https://www.washingtonpost.com/news/post-politics/wp/2015/08/02/hillary-clinton-promises-to-build-on-obama-climate-plan-as-president/">embraced</a> the Clean Power Plan, which assumes a strong increase in natural-gas power plants, she also supports a much deeper investment in <a href='http://www.greentechmedia.com/articles/read/can-the-us-reach-hillary-clintons-new-solar-goal'>solar electricity</a> than the baseline plan. The pro-Clinton Super <span class="caps">PAC</span> Correct the Record, run by David Brock, touts Clinton’s <a href='http://correctrecord.org/hillary-clinton-fueling-americas-energy-future/'>aggressive pro-fracking record</a>.</p>
<p>Numerous grassroots groups have risen to oppose the toxic fracking of Pennsylvania and its labor abuses, including <a href="http://www.marcellusprotest.org/">Marcellus Protest</a>, <a href='http://www.nofrackingway.us/'>No Fracking Way</a>, <a href='http://www.paagainstfracking.org/'>Pennsylvanians Against Fracking</a>, <a href='http://keeptapwatersafe.org/'>Keep Tap Water Safe</a>, <a href='http://www.stopfrackingnow.com/'>Stop Fracking Now</a>, and <a href='http://www.stopthefrackattack.org/who-we-are/'>Stop the Frack Attack</a>.</p>
<p>As reported by the Intercept’s Lee Fang, “One of Franklin Square Capital’s investment funds, the FS Energy & Power Fund” the Intercept’s Lee Fang <a href="https://theintercept.com/2016/01/26/hillary-clinton-doing-back-to-back-finance-industry-fundraisers-just-before-iowa/">reports</a>, “is heavily invested in fossil fuel companies, including offshore oil drilling and fracking.” The company <a href="http://mediacenter.merrillcorp.com/interface/viewer.asp?LocationID=6196315&ClientID=63&Purpose=HUMAN_VIEW&Caller=RETRIEVE_FILE">cautions</a> that “changes to laws and increased regulation or restrictions on the use of hydraulic fracturing may adversely impact” the fund’s performance.</p>
<p>Through its fund, Franklin Square <a href="http://www.franklinsquare.com/our-funds/fs-energy-power-fund/portfolio">invests</a> in private fracking and oil drilling companies across the nation, as well as Canada and the Gulf of Mexico. This includes heavy investment in Pennsylvania frackers.</p>
<p><strong>Franklin Square companies in the Pennsylvania fracking industry</strong></p>
<ul>
<li><a href="http://www.afglobalcorp.com/markets/oil-gas">Ameriforge Group</a></li>
<li><a href="http://www.atlasresourcepartners.com/operations/?location=6"><strong>Atlas Resource Partners</strong></a></li>
<li><a href="http://www.cactuswellhead.com/content/locations.html">Cactus Wellhead</a></li>
<li><a href="http://www.calpine.com/power/plant.asp?plant=269">Calpine</a></li>
<li><a href="http://www.chiefog.com/WhereWeOperate.aspx"><strong>Chief Oil & Gas</strong></a></li>
<li><a href="http://www.cimarronenergy.com/about-us/">Cimarron Energy</a></li>
<li><a href="http://www.crestwoodlp.com/operations/storage-and-transportation/#NMarcellus">Crestwood</a></li>
<li><a href="http://www.dynegy.com/downloads/Dynegy_Facilities.pdf">Dynegy</a></li>
<li><a href="http://www.eclipseresources.com/"><strong>Eclipse Resources</strong></a></li>
<li><a href="http://www.evenergypartners.com/assets/map.html"><strong>EV Energy Partners</strong></a></li>
<li><a href="http://www.exterran.com/">Exterran Partners</a></li>
<li><a href="http://www.gardnerdenver.com/company/energy_group/">Gardner Denver</a></li>
<li><a href="http://www.globalp.com/terminals/state.cfm?state=PA">Global Partners</a></li>
<li><a href="https://www.qc-energy.com/">Gruden Acquisition</a></li>
<li><a href="http://www.thekag.com/">Kenan Advantage Group</a></li>
<li><a href="http://www.moxieenergy.com/Moxie_Liberty_Generation_Plant.html">Moxie Liberty</a></li>
<li><a href="http://www.murrayenergycorp.com/production/">Murray Energy Corp</a></li>
<li><a href="http://www.peroxychem.com/markets/oil-gas-production">PeroxyChem</a></li>
<li><a href="http://www.vantageenergy.com/vantage-operations/appalachian/"><strong>Vantage Energy</strong></a></li>
<li><a href="http://www.warrenresources.com/pages/operations.html"><strong>Warren Resources</strong></a></li>
<li><a href="http://www.zachrygroup.com/markets#energy">Zachry Holdings</a></li>
</ul>
<p><strong>Bold</strong> indicates a company that runs fracking wells in Pennsylvania (Eclipse Resources is a Pennsylvania-based company with fracking operations in Ohio). The other companies listed are industry service companies with business in Pennsylvania, including pipelines, trucking, chemicals, and power plants. Murray Energy runs coal mining operations in Pennsylvania.</p>
<p>Tickets to the event ranged from $1,000 to $27,000. Contributors at the $2,700 level got a photo taken with Clinton, and the $27,000 contributors were afforded the opportunity to meet and hear Jon Bon Jovi perform an acoustic set.</p>