Top 20 PE firms' energy assets emit 1.5bn tons CO2e annually, report finds

A new report finds the energy portfolios of 20 major private equity firms emit 1.5 billion tons of greenhouse gases annually, exceeding the emissions of all countries except China, the US, India, and Russia. The firms manage $7.3 trillion in assets, giving them significant influence over the pace of the energy transition, yet their holdings include substantial fossil fuel assets such as gas and coal plants. The finding underscores the scale of private capital's role in global emissions and the potential for portfolio shifts to impact energy markets.