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Private Equity’s Role in Climate Crisis Spurs Transparency Demand

The industry’s giants say that while they hear the critics of their multibillion-dollar investments, they’re sticking with fossil fuels for now.

SK Corporation Oil Refinery In South Korea
Photographer: Chung Sung-Jun/Getty Images AsiaPac

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Private-equity firms are under increasing pressure to be more transparent about their massive fossil-fuel holdings and the damage they’re causing to the environment.