The climate impacts of the private equity industry create significant harm to BIPOC communities in Texas, Louisiana and British Columbia, Canada, reports Keerti Gopal for Inside Climate News. In a nutshell:Private equity giant Kohlberg Kravis Roberts & Co. faces criticism for its involvement in fossil fuel projects, despite its 2022 sustainability report claiming commitment to environmental responsibility. The Private Equity Climate Risks project's recent report highlights KKR's alleged empty promises and their adverse impact on marginalized communities. The big picture:Fossil fuel development carries significant health and environmental implications, particularly for marginalized communities. David Pellow, a professor of Environmental Studies at UC Santa Barbara, wrote a thought-provoking essay examining the link between environmental racism and criminalization.

Source: New York Times September 12, 2023 15:48 UTC