Full Title: Private Equity Ownership of U.S. Power Plants: A Hidden Climate Threat
Author(s): Americans for Financial Reform Education Fund (AFREF)
Publisher(s): Americans for Financial Reform Education Fund (AFREF)
Publication Date: May 19, 2022
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Description (excerpt):
Private equity investment firms have quietly bought up close to 700 predominantly fossil fuel-fired electric power plants, making these Wall Street investment houses major greenhouse gas (GHG) emitters. The opaque nature of private equity ownership shields these major polluters from public scrutiny. Even as activist investors, climate divestment campaigners, and the public push for greater transparency in fossil fuel investments by energy companies and financial institutions like banks, the private equity investments in fossil fuel and climate-destroying companies have been shrouded from the public view.
This report presents the first comprehensive review of private equity ownership of power plants and climate warming emissions in the United States.