Tag Archives: U.S. Rep. Bill Keating

Massachusetts: Lawmakers call for answers in wake of Blue Harvest Fisheries bankruptcy sale

Questions continue to surround the bankruptcy and sale of Blue Harvest Fisheries, the largest groundfish operation in New England, including its impact on the New Bedford fishing industry. The New Bedford company filed for Chapter 7 bankruptcy in September 2023. For U.S. Senators Elizabeth Warren (D-Mass) and Edward Markey (D-Mass) and Rep. William Keating (D-Mass) it’s part of a pattern, and they are seeking answers from Bregal Partners, a Dutch-owned private equity firm, and Blue Harvest’s majority equity holder that owned 89.5 percent of the company. more, >>click to read<< 08:05

Warren, Markey and Keating demand answers from Blue Harvest owners

“After years of putting private equity profits ahead of workers and small businesses, Bregal Partners — which owned and stripped Blue Harvest of its assets — owes the community an explanation,” wrote Sen. Elizabeth Warren, Sen. Ed Markey and U.S. Rep Bill Keating. They each signed the joint letter addressed to Gene Yoon, managing partner of Bregal Partners, which owned 89.5% of New Bedford-based seafood giant Blue Harvest Fisheries prior to the company declaring bankruptcy in September of 2023. “Bregal’s actions with respect to Blue Harvest have left local small businesses and workers holding the bag after your firm spent years price gouging, mistreating workers, saddling consumers with junk fees, and stripping assets,” the letter continued. “Your actions have harmed New England’s fishing industry and left over 1,000 independent contractors, businesses, and other creditors saddled with debt.” more, >>click to read<< 07:18

When interlopers bullshit ignorant politicians! – Offshore wind experts testify in Washington

At a virtual hearing of the House Foreign Affairs Subcommittee on Europe, Energy, the Environment, and Cyber hosted by U.S. Rep. Bill Keating, D-Bourne, offshore wind experts gave testimony on the progress of the industry to date and what would benefit its ongoing development in America. Keating prefaced the hearing by describing offshore wind as a “burgeoning, clean, and job-creating energy industry.” Keating called the hearing an opportunity for learning and cooperation and noted America is positioned to establish offshore wind farms thanks to “monumental achievements” made by European pioneers, starting with a 1991 Danish farm, Europe’s first. >click to read< 08:52