Global Investment Giants' Greenhouse Gas Emissions Outpace Many Countries
A new study has revealed that the energy portfolios of the largest private equity firms produce 1.5 billion tons of greenhouse gases annually.
According to a report prepared by the Private Equity Climate Risks Consortium, the energy portfolios of the world's 20 largest private equity firms generate 1.5 billion tons of greenhouse gas emissions annually.
Carbon Footprint of Investment Portfolios
The energy portfolios of the world's 20 largest private equity firms produce more greenhouse gases than the total annual emissions of all countries except China, the US, India, and Russia.
Investments in Fossil Fuel Infrastructure
These companies manage a total of $7.3 trillion in assets, and their energy investments include significant fossil fuel assets such as natural gas and coal-fired power plants.
Scope of Infrastructure Assets
According to the analysis results, the companies in question own 15,000 miles of pipelines, 124 gigawatts of power generation capacity across 370 fossil-fueled plants, and hundreds of oil and gas fields.