Oops they did it again: Carlyle omits dirtiest investments
Carlyle played with the data, got lost in the ESG game In June of this year, private equity firm The Carlyle Group released their ESG report for 2023 titled the “EBITDA of ESG.”…
Explore the issues
Find more information on the issues deeply affected by private equity investments:
Private equity oil and gas drillers saddle taxpayers with costly cleanup risk
Public could face up to a $380M bill if buyout firms leave western communities with abandoned wells as investors use greenwashing to promote fossil fuel expansion Investments by private equity firms in nearly 2,700 oil and gas wells…
Private Profits, Public Risks
Investments by private equity firms in nearly 2,700 oil and gas wells on federal and tribal lands across the western United States could leave taxpayers with a cleanup bill of up to $380 million, according to a new report released…
Ares founder Tony Ressler contributes to controversial Cop City project
As Ares Management’s housing investments drive gentrification in Atlanta, Ares founder Tony Ressler contributes to controversial Cop City project Founded in 1997, Ares Management is a private equity firm that had $360 billion in assets…
OilPrice.com : Private Equity To Revive Asian M&A With A Focus On Oil And Gas
According to a new OilPrice.com story, mergers and acquisitions (M&A) in Asia have experienced a significant decline this year, with total M&A value dropping by 41% year on year to $362 billion, the lowest…
Carlyle Group chair leaves Harvard after calls to resign
Rubenstein to leave Harvard Corp, following calls by advocates and community groups for him to resign over massive fossil fuel investments The Carlyle Group’s co-founder, billionaire David Rubenstein will step down from the Harvard Corporation’s board with six years remaining…
New climate risk guidelines released to aid institutional investors
Along with new reports on the climate risks private equity firms pose with their fossil fuels investments, PESP strives to be a resource to institutional investors whose capital is used to fund these energy acquisitions. The Private Equity Climate…
Private equity profits from detaining activists charged with domestic terrorism in Atlanta
Since December 2022, Atlanta-area officials have charged 42 people with domestic terrorism for protesting the construction of Cop City, a police training facility that would sit on 85 acres…
Report on Carlyle fossil fuel emissions covered in multiple publications
A new investigation released by the Private Equity Climate Risks consortium revealed that The Carlyle Group, a private equity titan with $373 billion in assets under management, has been quietly scooping up fossil fuel assets over the past decade, in contradiction…
PESP responds to SEC Expansion of Form PF
On Wednesday, May 3, 2023, the U.S. Securities and Exchange Commission (SEC) adopted new amendments to enhance private fund reporting. According to the SEC, the rule amendments will “enhance the ability of the Financial Stability Oversight Council (FSOC) to…
Carlyle Group fundraising drops by half as head of private equity, other executives depart
Private equity firm The Carlyle Group reported earlier this week that its fundraising declined by 48% over the last twelve months through March 2023.[1] Carlyle reported raising $27.6 billion during the twelve months ending March 31, 2023…
Private Equity is Cashing in on LNG
What Is LNG and what role does it play? Liquified natural gas (LNG) is natural gas transformed into a liquid for more efficient storage and shipping, from producing regions to markets. Private equity has played a significant role in enabling…
