Private equity still investing billions in dirty energy despite pledge to clean up

Carlyle, Warburg Pincus and KKR are the worst offenders according to a new scorecard of private equity climate risks

Private equity firms pumping billions of dollars into dirty energy projects are exposing investors, including pensioners, to unknown financial risks as the planet burns and governments face escalating pressure to act, new research finds.

The first-of-its-kind climate risks scorecard ranks Carlyle, Warburg Pincus and KKR as the worst offenders among eight major private equity companies with significant fossil fuel portfolios.