Americans for Financial Reform

News Category: Press Releases & Statements

Press Release: Wall Street’s Gas Addiction Fuels the AI Boom and Derails Climate Progress

A new analysis from the Private Equity Climate Risks (PECR) research consortium, “Mapping Private Equity’s Gas Fleet: Climate Footprint, Health Impacts, and AI-Driven Demand,” reveals that the world’s largest private equity firms collectively own or finance nearly 60 gigawatts of gas-fired power capacity—producing an estimated 82 million metric tons of greenhouse gas emissions each year, roughly equivalent to the annual electricity use of 17 million U.S. homes.