Get all your news in one place.
100's of premium titles.
One app.
Start reading
The Guardian - US
The Guardian - US
Business
Nina Lakhani climate justice reporter in New York

Private equity still investing billions in dirty energy despite pledge to clean up

Uniformed workers clean an oil-stained beach.
Cleaning crews work to remove oil from a beach in the Peruvian province of Callao earlier this year. Photograph: Cris Bouroncle/AFP/Getty Images

Private equity firms pumping billions of dollars into dirty energy projects are exposing investors, including pensioners, to unknown financial risks as the planet burns and governments face escalating pressure to act, new research finds.

The first-of-its-kind climate risks scorecard ranks Carlyle, Warburg Pincus and KKR as the worst offenders among eight major private equity companies with significant fossil fuel portfolios.

Sign up to read this article
Read news from 100's of titles, curated specifically for you.
Already a member? Sign in here
Related Stories
Top stories on inkl right now
Our Picks
Fourteen days free
Download the app
One app. One membership.
100+ trusted global sources.