cover image: 93 MILLION: THE CARBON EMISSIONS KKR DIDN’T DISCLOSE - EXPOSING THE PRIVATE

93 MILLION: THE CARBON EMISSIONS KKR DIDN’T DISCLOSE - EXPOSING THE PRIVATE

29 Apr 2024

amounts of CO2e as other, larger financiers, such as KKR’s footprint spans numerous sectors in the fossil fuel Citigroup, which reported 100.3 million mt CO2e of industry and various stages of the supply chain, ranging greenhouse gas emissions from its energy investments from oil extraction to the burning of natural gas and in 2022.33 more. [...] In Bulgaria, the Eagle Ford and Barnett basins, but also exploration ContourGlobal’s Maritsa Itzok-3 coal plant sourced its and production operations like the Bridge Energy coal from Maritsa Coal Mine, a carbon bomb with project in the Brea-Olinda oil field–located in the highly expected lifetime emissions of 2.5 Gt CO2e.72 In 2021, the populated LA and Orange counties of California mine provided. [...] 77 2 companies own and operate vast networks of oil and gas In the United States, KKR has been a long-time investor pipelines and processing facilities, as well as large LNG in the Colonial Oil Products Pipeline, which in addition to terminals and fleets of oceangoing crude oil and gas significant annual emissions (estimated at over one tankers (Figure 4). [...] This caused a shutdown of nearly half of the gasoline and jet fuel supply to the East coast of the United States, and the resulting panic is believed to have KKR-backed companies own and triggered fuel shortages and price increases.80 The incident was cited at the time as possibly the largest operate vast networks of oil and gas known cyberattack on the U. [...] Such a program should involve the and dangerous compounds near communities in remediation of health and environmental harms, New Mexico.103 While KKR claims to be attentive to including but not limited to the infringement of land climate risks, its failure to disclose its emissions and its rights and the rights of Indigenous peoples, ongoing investment in heavy polluters undercuts its disruption t.

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