Private equity's dirty dozen: the 12 US firms funding dirty energy projects
Nina Lakhani Climate justice reporter
Tue 15 Feb 2022 05.00 EST
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American private equity tycoons are profiteering from the global climate crisis by investing in fossil fuels that are driving greenhouse gas emissions, a new investigation reveals.
Oil and gas pipelines, coal plants and offshore drilling sites linked to Indigenous land violations, toxic leaks and deadly air pollution are among the dirty energy projects financed by some of the country’s largest private equity firms, according to an investigation by the corporate accountability non-profits LittleSis and the Private Equity Stakeholder Project (Pesp).
Private equity refers to an opaque form of financing away from public markets in which funds and investors buy and restructure companies including startups, troubled businesses and real estate.
https://www.theguardian.com/environment/2022/feb/15/us-private-equity-firms-funding-dirty-energy-projects
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