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Private Equity Firms Double Down on Fossil Fuels

Despite pressure from some governments and consumers for a global energy transition, private equity firms continue to invest heavily in some of the world’s largest greenhouse gas emitters.

  • Private equity firms invest in major greenhouse gas emitters despite ESG standards.
  • 20 firms fund companies responsible for 1.5 billion tonnes of annual emissions.
  • Fossil fuel investments increased to $4 billion in 13 deals by August 2025.

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