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Private Equity Firms Ploughing Billions Into Fossil Fuels, Analysis Reveals
Thursday October 3, 2024. 03:00 PM , from Slashdot
![]() 'Public sector workers' money, through national, state, and retirement pensions, provides much of the capital for private equity firms' energy investments, but there is limited disclosure to the pension fund managers that the deferred earnings of their beneficiaries have potential climate impacts,' it says. Researchers at Americans for Financial Reform Education Fund, Global Energy Monitor and Private Equity Stakeholder Project assessed the holdings of 21 private equity firms, overseeing a combined $6tn in assets under management. Together, the analysis found that the 21 firms were funding projects responsible for releasing more than 1.17bn tons of CO2 equivalent (tCO2e) a year. Read more of this story at Slashdot.
https://news.slashdot.org/story/24/10/03/0146246/private-equity-firms-ploughing-billions-into-fossil...
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