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Private equity firms increase investment in major greenhouse gas emitters

The article says the deal activity is continuing even as some governments and consumers press for a global shift away from fossil fuels and toward decarbonisation.

Reported · Written up by our desk · Energy

OilPrice says private equity firms are continuing to invest heavily in some of the world’s largest greenhouse gas emitters despite pressure from governments and consumers for a global energy transition.

The outlet adds that, after the Covid-19 pandemic, some companies, banks, and even energy firms introduced stronger environmental, social, and governance standards, including measures aimed at decarbonising operations.

OilPrice frames the trend as private equity doubling down on fossil fuel exposure while ESG standards expand elsewhere in parts of the energy sector.

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