Researchers at Americans for Financial Reform Education Fund, Global Energy Monitor and Private Equity Stakeholder Project assessed the holdings of 21 private equity firms, overseeing a combined $6tn in assets under management.
The Commodity Futures Trading Commission (CFTC) issued final guidance that outlines the terms and conditions that should be considered by designated contract markets (“DCMs”) when they list voluntary carbon credit (“VCC”) derivative contracts. The CFTC has rightly acknowledged the serious transparency and integrity challenges in the underlying, unregulated VCC market, but the guidance alone cannot prevent fraud and manipulation.
The bills coerce financial actors to ignore critical environmental, social, and governance (ESG) risks in investment decisions. This approach can only benefit corporate boards and fossil fuel interests at the expense of workers, investors, and long-term sustainability.
The U.S. Department of the Treasury, Federal Trade Commission (FTC), and Consumer Financial Protection Bureau (CFPB) announced a critical interagency effort that aims to protect consumers from solar fraud and scams, clamp down on bad actors and practices in the industry, promote safe green lending that can benefit consumers and responsible solar businesses, and mitigate climate change. This move comes as more consumers are being marketed and offered loans and leases for green products and projects, due in part to new federal financial incentives that make them more affordable
For immediate release: June 11, 2024 Researchers Unveil Searchable Database of Top Private Equity Energy Portfolios For the first time, the Private Equity Climate Risks project has released a list of the energy holdings of 21 of the largest private equity firms globally, compiling their
With over half a trillion dollars ($553 billion) in assets under management, Kohlberg Kravis Roberts & Co (KKR) has emerged as a major financier in the energy sector, yet the firm is not required to disclose the full scope of its investments or its impact due to regulatory loopholes. A new report by Private Equity Climate Risks consortium members Americans for Financial Reform Education Fund and Global Energy Monitor, 93 Million: The Carbon Emissions KKR Didn’t Disclose, finds that KKR holds investments in 188 fossil fuel assets in 21 countries, spread among the firm’s ownership of 17 portfolio companies.
The Environmental Protection Agency (EPA) announced its final program of the Greenhouse Gas Reduction Fund (GGRF): Solar for All. Sixty recipients will be awarded $7 billion, with funds expected to roll out late this summer. Solar for All will create new or expand existing low-income residential and community solar programs in all 50 states, the District of Columbia, Puerto Rico, and territories, and open up greater access to solar for Tribes through grants and low-cost financing.
Americans for Financial Reform made the following comments on item marked up by the House Financial Services Committee yesterday, On the bills related to climate and financial regulation, On the bills related to fintech regulation, On the bills related to systemic risk
New report highlights stark discrepancy between Brookfield’s reported emissions and its actual carbon footprint.
A new report examines how Kohlberg Kravis Roberts & Co. and its affiliates have run three liquefied natural gas (LNG) investments.