Find more information on the issues deeply affected by private equity investments:
A special report in The American Prospect examined the tumultuous history of a string of private equity investors in coal-fired power plant Longview Power. The article says, “The coal plant’s roller-coaster history is a testament to the enduring appeal of…
KKR added to its expanding portfolio of fossil fuel assets with two deals in recent weeks, adding on a set of drilling assets and entering a new joint venture on gas pipelines even as the United Nations released a bleak…
Institute for Policy Studies associate fellow Sam Pizzigati asked if democracy in the United States could be disappearing and called the private equity industry a danger to American democracy. Counterpunch, February 22, 2022: From the Kingpins of Private Equity,…
The Carlyle Group announced on February 1st that the firm has set a net zero by 2050 goal while also setting “near-term climate goals” in order to carry out immediate action on reductions to emissions. The announcement lacks in…
Apollo Global Management plans to raise $25 billion for its next flagship buyout fund in 2022 and will not be investing in fossil fuels through the new fund, according to Bloomberg. The new fund will be one of the…
The Economist reported that some of the $44bn of mostly fossil-fuel assets that the oil and gas industry has shed since the start of 2018 are not being closed down, but bought up by private equity firms funded by university…
A new report by the Private Equity Stakeholder Project and LittleSis examines a “dirty dozen” of private equity executives whose fossil fuel investments drive climate crisis and environmental injustice. PESP and LittleSis examined how a group of super-rich private equity…
A new report by the Private Equity Stakeholder Project and LittleSis examines a “dirty dozen” of private equity executives whose fossil fuel investments drive climate crisis and environmental injustice. As The Guardian exclusively reported (see ‘Biggest oil barons’: the…
In January, Bloomberg reported that private equity giant Apollo Global Management, with $481 billion in assets under management, is pledging not to invest in fossil fuels in its next flagship buyout fund (See “Apollo to Shun…
The Environmental Protection Agency (EPA) issued an important set of proposed rules in November 2021 to curb methane emissions from oil and gas production operations. The Private Equity Stakeholder Project joined with 150 organizations representing environmental,…
Inequality.org reviewed the damages caused by Henry Kravis and George Roberts, the billionaire founders of KKR, “America’s first nationally celebrated “private equity” giant” as they step down as the company’s co-CEOs. According to Inequality.org, Kravis’ and Roberts’ KKR portfolio currently…
In the past two months, Warburg Pincus acquired two new oil and gas assets despite the private equity firm’s announcement that they are pivoting away from hydrocarbon investments and that their next flagship fund will be free of fossil…
