Find more information on the issues deeply affected by private equity investments:
The Guardian reported on the growth of pension fund investments in private equity over the past decade, making it more common that workers’ retirement savings go into funds that are buying up fossil fuel assets and squeezing them for profit…
New Private Markets contacted the 10 private equity firms featured in the Private Equity Stakeholder Project’s report: Private Equity Propels the Climate Crisis. The report found that these private equity firms, since 2010, have made energy investments dominated by…
The Wet’suwet’en First Nation’s resistance against the KKR backed Coastal GasLink Pipeline (CGL) in Canada, has been escalating at the construction site and through outreach to financial firms invested in the project. At least 29 people had been…
Selin Bucak reported on The Private Equity Stakeholder Project’s analysis of the portfolios of 10 private equity firms over the past decade (Private Equity Propels the Climate Crisis: The risks of a shadowy industry’s massive exposure to oil, gas…
Bloomberg reporter Sabrina Willmer assessed the difficulty of measuring the impact of private equity’s investments that the industry claims are helping the environment and society. She reported how detractors of private equity “question whether an industry known for buying companies…
The New Yorker has reported on another industry in which private equity has been quietly investing. According to the outlet: In the past five years, private-equity firms have acquired dozens of disaster-restoration companies. In 2019, Blackstone, one of the world’s…
The New Republic reported that “actual private equity investments frequently don’t align with their climate-friendly public posturing.” The New Republic, October 14, 2021: Private Equity Is Quietly Keeping Fossil Fuel Companies in Business Covering the Private Equity Stakeholder Project’s…
At a time when Maine and the country are taking actions to reduce fossil fuels in the face of climate change, with a gubernatorial climate action plan aiming to reach 80 percent renewable energy statewide by 2030, the Bangor…
The Private Equity Stakeholder Project (PESP) has submitted testimony for the U.S. Senate Banking Committee Economic Policy Subcommittee October 20 hearing: “Protecting Companies and Communities from Private Equity Abuse.” PESP’s written testimony for the US Senate Banking…
In its latest report on how private equity is contributing to the global climate crisis, the Private Equity Stakeholder Project examines the energy holdings for ten of the world’s largest alternative asset managers that manage a total of $3…
A new report by PESP reveals how the private equity industry has pumped hundreds of billions of dollars into fossil fuel companies—buying up offshore drilling in the Gulf of Mexico, propping up fracking operations, expanding infrastructure through pipelines and…
