Find more information on the issues deeply affected by private equity investments:
A few weeks after KKR recommitted to fracking through a portfolio company merger, it’s picking up additional drilling assets from ConocoPhillips. ConocoPhillips reported it is selling all of its Wyoming assets to KKR’s Contango, which includes 446 billion…
NBC conducted an investigation on how private equity firms have poured money into fossil fuel investments, such as refineries, pipelines and coal and gas-fired power plants, with serious consequences for communities and climate change. NBC, July 5, 2021: Some…
While the rest of the world races to address the climate crisis, KKR is redoubling on fracking by merging its Independence Energy with Contango Oil & Gas Co to create a consolidation-focused oil and gas company with an enterprise value…
PESP to SEC on Climate Risk Disclosures: Private Equity Must Report Risks and Impacts In light of the accelerating climate crisis, the damage from corporate actors is coming under increasing scrutiny. The Securities and Exchange Commission (SEC) opened an opportunity…
Private equity KKR’s investment in the controversial Coastal Gaslink Pipeline was featured in an online forum organized by the University of Washington’s Harry Bridges Center for Labor Studies May 19. Trustees and representatives of dozens of institutional investors with…
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…
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…
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…
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…
