Top private equity firms' energy assets emit 1.5bn tons of greenhouse gases annually, report finds
Analysis says 20 firms managing $7.3tn in assets are expanding datacenter and fossil fuel investments even as they shape the pace of the energy transition
The energy portfolios of 20 private equity firms produce 1.5 billion tons of greenhouse gases a year, an amount greater than the annual emissions of any country except China, the United States, India and Russia, according to a new report cited by the Guardian.
Together, the 20 firms manage $7.3 trillion in assets across all sectors, according to the report, giving them significant influence over the pace of the global shift away from fossil fuels.
Despite that scale of influence, the report found that the firms' energy investments include substantial fossil fuel assets, among them natural gas plants and coal-fired power stations. Some of these facilities are used to supply electricity to datacenters, according to the analysis.
The report indicates that private equity firms are increasing investment in both datacenter infrastructure and fossil fuel energy sources simultaneously, a trend that raises questions about the sector's role in efforts to reduce global carbon emissions.
Further details of the report's methodology and the specific firms named were not included in the available excerpt.
Sources
- Top 20 private equity firms’s energy assets emit $1.5bn tons of greenhouse gas a year, analysis finds — The Guardian — World
EGazette summarizes reporting from multiple sources; follow the links for the originals.
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