Find more information on the issues deeply affected by private equity investments:
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…
Filling in the Gaps on Blackstone’s energy investments Key Points – Private equity firm The Blackstone Group recently released a brochure describing its environmental, social, and governance (ESG) program that left out information about the firm’s extensive fossil fuel…
The largest alternative asset manager’s extensive fossil fuels investments face litigation, community opposition and environmental violations The risks of fossil fuel investments came into sharp focus for the world’s largest alternative asset manager, The Blackstone Group, over the past several…
Congress designed the Paycheck Protection Program (PPP) to help small businesses remain afloat and ensure they continued to pay their employees, rent, mortgage interest and utilities, during the coronavirus pandemic. The program came under fire early on when some…
