Private Equity Firms Use Pension Funds to Fuel Climate Crisis

Team S · 2024-10-02T09:43:08.000Z

Private equity giants are channeling billions from US public sector workers' retirement savings into fossil fuel projects, contributing over a gigaton of annual greenhouse gas emissions. These firms, managing $6 trillion in assets, are exploiting regulatory loopholes to invest heavily in coal, oil, and gas while evading public scrutiny. This practice not only jeopardizes the climate but also puts pensioners' financial futures at risk, as these investments face increasing regulatory and market pressures in the transition to clean energy. #PrivateEquity #ClimateRisk #PensionFunds #FossilFuels #SustainableInvesting https://www.theguardian.com/business/2024/oct/01/private-equity-firms-us-pensions-fossil-fuel-projects

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Private Equity Firms Use Pension Funds to Fuel Climate Crisis | Newnex