Top 20 private equity firms’s energy assets emit $1.5bn tons of greenhouse gas a year, analysis finds
An analysis by the Private Equity Climate Risks Consortium reveals that the energy assets of the top 20 private equity firms emit 1.5 billion tons of greenhouse gases annually. These firms manage significant fossil fuel infrastructure, including power plants that support the growing demand for datacenters.
Why it matters
The opaque nature of private equity investments in fossil fuels complicates efforts to track and reduce global carbon emissions.
Half of the top 10 US datacenter owners are backed by private equity, said Matt Parr. Photograph: Getty Images Half of the top 10 US datacenter owners are backed by private equity, said Matt Parr. Photograph: Getty Images US news Top 20 private equity firms’s energy assets emit $1.5bn tons of greenhouse gas a year, analysis finds Companies are boosting datacenters and fossil fuels and together manage $7.3tn in investments
Prefer the Guardian on Google The energy portfolios of 20 private equity firms produce 1.5bn tons of greenhouse gases a year, more than the annual emissions of any country except China, the US, India and Russia, according to a new report.
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