Cleanup Carlyle campaign shines light on Rubenstein’s powerful positions
The Carlyle Group’s ties to prominent cultural and academic institutions have been under fire due to the firm’s extensive investments in fossil fuels. The firm ranked last…
Explore the issues
Find more information on the issues deeply affected by private equity investments:
Private Equity Climate Risks Briefing
Americans for Financial Reform Education Fund (AFREF) and the Private Equity Stakeholder Project (PESP) released their NEW scorecard that sheds light on eight of the largest private equity firms in the world, their collective holdings of billions of dollars…
New Scorecard Shows Private Equity’s Race to the Bottom on Climate: Carlyle ranks last, earns an ‘F’
New Scorecard Shows Private Equity’s Race to the Bottom on Climate Carlyle ranks last, earns an ‘F’ The Carlyle Group, Warburg Pincus, and KKR are the top three offenders on climate among private equity firms,…
Watching the Private Equity Funds behind Ithaca’s Decarbonization Plan
Last year the city council of Ithaca, New York, voted to fully decarbonize by 2030, requiring grid decarbonization, electrifying transportation and rolling out heat pumps to the city’s 6,000 aging commercial and residential…
Warburg Pincus chasing false solutions to the climate crisis
Despite a long history of investments in fossil fuels, global private equity firm Warburg Pincus is showing signs of cleaning up its image with a recent investment in ClimeCO, a decarbonization advisory firm…
Biden’s Climate Adviser Has Ties to Big Oil
The Nation reported on how White House National Climate Advisor Ali Zaidi spent the Trump years at law firms that represented fossil fuel companies and private equity giants profiteering from the climate crisis. The Nation, May 17, 2022: Biden’s…
Divest Harvard Students: If Harvard Wants to Lead on Climate, It Must Drop David Rubenstein
Student organizers from Harvard published an Op-Ed in the Harvard Crimson calling for billionaire Carlyle co-founder David Rubenstein to “recuse or resign” from his seat on the Harvard Corporation. According to the Op-Ed, Rubenstein, who was appointed tothe…
Private Equity Stakeholder Project Joins with Resilience Force, State Treasurers and Others at an Investor Briefing on Climate Resilience and Risk
Resilience Force’s Saket Soni, and other allied investors and stakeholders helped lead a March 31 briefing and strategy session, “Climate Resilience and Risk” on workers’ rights and climate disasters. Resilience Force organizer LaTanja Sylvester shared with investors, “These…
Smuggling Oil The Latest Possible Maneuvering by Private Equity
Oaktree Capital has been named in reports of alleged illicit Iranian oil smuggling in possible violation of sanctions, in addition to the private equity firm’s extensive portfolio of oil and gas investments. A non-profit organization that monitors Iran identified…
Oregon Treasury’s Private Equity Investments in Fossil Fuels Draw Criticism
Oregon continues to commit new capital to private equity funds that are likely to pursue fossil fuel investments, even as civic groups criticize the pension’s exposure to dirty energy.Divest Oregon partnered with Environment Oregon, Oregon Physicians for Social…
PESP Participates in STMP’s Webinar: Wall Street’s Evil Twin – How Private Equity Propels the Climate Crisis
Private Equity Stakeholder Project joined with Stop the Money Pipeline coalition, Earthworks, the Action Center on Race & the Economy, Public Citizen and Americans for Financial Reform in a webinar to discuss how private equity is fueling climate chaos…
Real Change: Inslee board appointees’ investments at odds with governor’s climate pledges
Real Change wrote how “Over the past decades, the Washington State Investment Board (WSIB), which manages the pensions of state employees, has invested billions into fossil fuel companies. According to the environmental group Stand.earth, the WSIB owns at…
