Tag Archives: fossil fuels

Testimony: AFR Testimony in Support of Connecticut HB 7174, Which Assesses a Five Percent Surcharge to Insurance Companies Supporting Fossil Fuel Infrastructure

Americans for Financial Reform Education Fund submitted testimony to the Connecticut General Assembly on a bill that would assess a five percent surcharge on insurers for policies that support fossil fuel infrastructure in the state. The funds collected would then help fund resilience and flood data transparency.

News Release: Landmark report reveals hidden fossil fuel portfolio of private equity titan KKR, finds major underreporting of climate emissions 

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.