A leading private equity firm has claimed to be a climate leader – while increasing emissions

A leading private equity firm that claims to be a climate leader has actually nearly doubled its average annual greenhouse gas emissions from fossil fuel investments over the past decade, according to new research. Carlyle Group's portfolio of fossil fuel companies emit an estimated 277 million metric tons of carbon dioxide equivalent (CO₂(e) — a measure that includes methane and other potent global warming gases — from 2011 to 2021, according to the company's Energy Portfolio investigation. The research calculated that the multinational company's 10-year greenhouse gas footprint is roughly equivalent to the "carbon bomb" that Alaska's Arctic Willow drilling project is expected to emit during its decade-long operation, and would require an estimated 4.6 billion new trees per decade to remove from the atmosphere. (theguardian)