Despite the growing urgency for climate action and investors prioritizing environmentally responsible investments, The Carlyle Group remains focused on oil and gas. Its investments over the past decade have resulted in significant emissions of CO2 and other greenhouse gasses.
Their lack of a credible energy transition plan exposes investors to potential financial risks and suggests a disconnect between their public commitments and their actual investment practices.
As one of the world’s largest private equity firms, the Carlyle Group invests heavily in fossil fuels, despite the urgent need to transition to renewable energy. For every $1 invested in renewable energy, Carlyle invests $16 in fossil fuels, exacerbating the global climate crisis.
Carlyle’s energy investments from 2011-2021 is heavily skewed toward fossil fuels with $22.4 billion in carbon-based energy and only $1.4 billion in renewables. This resulted in an estimated 277 million metric tons of CO2 emissions, which would take 4.6 billion newly planted trees ten years to remove.
Learn more about the financial and reputational risks of Carlyle’s fossil fuel investments and their impact on the planet and communities.
Carlyle Group has a heavily fossil fuel-focused energy portfolio, with $22.4 billion in carbon-based energy and only $1.4 billion in renewable energy.
Carlyle’s energy investments significantly contributed to the firm’s earnings, generating around half of profits in 2022.
Private equity firms like Carlyle exploit regulatory exemptions and loopholes to contribute to greenhouse gas emissions without much public scrutiny or oversight.
Carlyle’s fossil fuel investments from 2011 to 2021 emitted an estimated 277 million metric tons of CO2e, with yearly emissions exceeding those of entire countries.
Institutional investors face significant climate risks through private equity’s investments in fossil fuels. To safeguard investments and contribute to a sustainable future, consider the following steps:
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About the Private Equity Stakeholder Project
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