A report, shared exclusively with the Guardian, provides a snapshot of industry’s involvement in some of the country’s most controversial fossil fuel investments.
Fossil fuels will be with us for decades, no matter what pledges are made at the UN climate summit in Glasgow. With banks and pension funds cutting investment, who will control oil, gas and coal supply in the future?
These secretive investment companies have pumped billions of dollars into fossil fuel projects, buying up offshore platforms, building new pipelines and extending lifelines to coal power plants.
The fossil fuel power plant that a private equity firm revived to mine bitcoin is at it again. Not content to just pollute the atmosphere in pursuit of a volatile crypto asset with little real-world utility, this experiment in free marketeering is also dumping tens of millions of gallons of hot water into glacial Seneca Lake in upstate New York.
