Find more information on the issues deeply affected by private equity investments:
The energy funds of private equity firm The Carlyle Group have underperformed the Pitchbook private equity benchmark, and its NGP funds all posted negative returns as of 4Q2020. Carlyle’s extensive exposure to oil and gas assets resulted in…
The University of Washington’s Harry Bridges Center for Labor Studies hosted a forum that explored the relationship between pension funds and other institutional investors, the climate crisis, and the impacts on communities and the environment. Trustees and representatives of…
In the race to mitigate the effects of climate change, there is growing urgency to interrogate the role private equity plays in exacerbating the climate crisis, using labor-affiliated pension fund capital. Even as publicly traded companies begin to commit to…
Last week, the Wall Street Journal reported that private equity firm EIG Global Energy Partners is leading a group of investors acquiring $12.4 billion stake in Saudi Aramco’s oil pipelines.[i] EIG’s recent investments in fossil fuels have performed…
While institutional investors increasingly eschew fossil fuels, private equity faces a reckoning The Private Equity Stakeholder Project released a report today that analyzes the energy fund returns for private equity over the past decade. This report finds that private…
Kolhberg Kravis Roberts’ (KKR’s) energy portfolio has exposed investors to the risks of fossil fuels, with energy funds posting negative returns, portfolio companies filing for bankruptcy and valuations sinking under COVID-19’s impacts on oil demand and pricing. At the same…
Politico reports on private equity firms spending nearly $154 billion on oil, gas and coal since 2010. These firms aren’t required to disclose to regulators their holdings or risks, and any information such funds release to their investors is subjective…
Earlier this week, Bloomberg reported that private equity firm Apollo Global Management is leading a group of investors trying to buy a roughly $10 billion stake in Saudi Aramco’s oil pipelines. The deal would reportedly be one of Apollo’s largest…
Two dozen climate justice organizations are calling upon private equity firms to develop a plan with clear benchmarks to shift to pollution-free energy portfolios; plan for a just transition for workers and communities impacted by current fossil fuel holdings; and…
Reuters reported recently on several U.S. private equity firms that have bought coal plants, despite the industry’s decline, using a strategy in markets where regulators pay to be on standby for emergency power capacity. In a March 2, 2021,…
Private equity-backed companies comprised the majority of oil and gas producer bankruptcies in 2020. Of the companies that filed for bankruptcy last year, 57 percent are backed by private equity firms, or 26 of the 46 filings.[1] The high…
