As financial institutions face growing pressure to cut emissions, many are selling their fossil fuel holdings — and private equity firms are stepping up as buyers.
Private equity firms and their billionaire CEOs have pumped hundreds of billions of dollars into fossil fuels with little scrutiny. Because these firms are exempt from many financial regulations, they largely operate under the radar. This needs to change.
You might be asking yourself: Why should I care about private equity? What are the community and human impacts of this industry? How can I fight back against big money fueling the climate crisis?
This is the third of a 5-part Toxic Money Training Series to expose the financial institutions fueling the climate crisis, and organize collective action to rein them in —for this training, we’re partnering with the Action Center on Race & the Economy, Public Citizen, Private Equity Stakeholder Project, and Americans for Financial Reform.
In solidarity,
– Jackie, Stop the Money Pipeline team
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