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Oakland Coalition Urges Hedge Fund Mogul to Stop Coal Threats

Oakland, CA —  Eighty-six organizations and nearly a thousand individuals released an open letter to Los Angeles hedge fund owner Jon Brooks today, calling for an “irrevocable commitment” not to build a coal export terminal in Oakland. Signatory organizations include neighborhood, labor, public health, faith, climate and environmental justice groups.

Jon Brooks entered Oakland’s ten-year conflict over coal four years ago. Brooks’ hedge fund loaned $7.1 million to a coal company executive who was working with local developer Phil Tagami to export coal through Oakland. When the coal executive’s company went bankrupt, Jon Brooks took possession of the company and its contested right to ship coal through the proposed terminal.

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