The analysis highlights that private equity firms are leveraging public sector workers' retirement savings to support fossil fuel projects, leading to over a billion tonnes of greenhouse gas emissions annually.
Researchers claim that public sector workers' money is being funneled into investments that could risk significant climate damage, without adequate transparency regarding the associated impacts.
With over $1 trillion invested in the energy sector since 2010, private equity firms are often buying into both legacy and emerging fossil fuels while operating with minimal public scrutiny.
The findings from the Americans for Financial Reform Education Fund depict a troubling scorecard for the private equity industry, notably emphasizing EIG's significant fossil fuel portfolio and emissions.
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