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Private Equity’s Fossil Fuel Problem

Monday, October 17, 2022 (2:40pm-4:00pm EST)

Seth Feaster and Alyssa Giachino and Dennis Wamsted

Monday, October 17, 2022 (2:40pm-4:00pm EDT)

Private equity (PE) firms have invested billions of dollars into the fossil fuel sector in the past 10 years. Often PE owners are not disclosed and PE is used to circumvent institutional climate commitments while many of these same firms are making significant climate-friendly investments as well. How can the flow of capital into green energy resources be increased and what options are available to cut fossil fuel investments?

Presentation Slides: Available here

Session Materials:

Seth Feaster

Seth Feaster is an Energy Data Analyst whose work focuses on the coal industry and the U.S. power sector.

Before joining IEEFA, he created visual presentations at the New York Times for 25 years with a focus on complex financial and energy data; he also worked at The Federal Reserve Bank of New York. 

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Alyssa Giachino

Alyssa Giachino is Climate Campaigns Director at the Private Equity Stakeholder Project, a nonprofit organization focused on the impacts of private equity and other private fund investments on communities, workers and the environment. For more than fifteen years, she has worked in research, journalism and policy advocacy. Her experience includes corporate accountability, climate policy, worker justice and capital stewardship.

Giachino holds an MA in Journalism from New York University and a BA in Political Science, Spanish, and Gender Studies from Whitman College.

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Dennis Wamsted

At IEEFA, Dennis Wamsted focuses on the ongoing transition away from fossil fuels to green generation resources, focusing particularly on the electric power sector.

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