Private Equity Firms Are Still Pumping Billions Into Fossil Fuels

Despite the growing pressure to stop funding fossil fuel companies and support decarbonization efforts, several private equity firms are still pumping billions of dollars into the oil and gas industry. Meanwhile, most of these firms are overstating their support for a green transition and the decarbonization of the economy. The lack of transparency in the sector is allowing many firms to make risky investment decisions and finance some of the dirtiest fossil fuel projects with few repercussions. A new report from Americans for Financial Reform...