Link to the full report here

Checkout the Private Equity Stakeholder Project newest report, “KKR Energy Investments Troubled by Racial Injustice and Financial Loss.”

Here is the tldr:

“Kolhberg Kravis Roberts’ (KKR’s) energy portfolio has exposed investors to the risks of fossil fuels, with energy funds posting negative returns, portfolio companies filing for bankruptcy and valuations sinking under COVID-19’s impacts on oil demand and pricing.  At the same time, global movements to address climate change and racial injustice have intensified and KKR has faced allegations of harming Indigenous communities in Canada and Colorado, and has invested in fossil fuel companies in South Texas and New Mexico where communities of color are exposed to polluted air and water.”