Private Equity’s Dirty Dozen: 12 firms dripping in oil and the wealthy executives who run them
February 15, 2022
A new report by the Private Equity Stakeholder Project and LittleSis examines a “dirty dozen” of private equity executives whose fossil fuel investments drive climate crisis and environmental injustice.
PESP and LittleSis examined how a group of super-rich private equity executives run firms that own dozens of dirty energy companies while they sit on the boards of prestigious cultural, higher education and policy organizations. These Wall Street heavyweights burnish their reputations through hundreds of millions of dollars in philanthropy, even as their investments help drive climate catastrophe.
The report, “Private Equity’s Dirty Dozen: 12 firms dripping in oil and the wealthy executives who run them,” profiles a dozen private equity firms with some of the most extensive oil, gas and coal investments on Wall Street. The report profiles private equity billionaire and multi-millionaire executives, such as Blackstone’s Stephen A. Schwarzman, Carlyle Group’s David Rubenstein, KKR’s Henry Kravis, and Ares’s Tony Ressler.
See the full report HERE.