Private equity firms in the United States are profiting from climate disasters by acquiring companies specializing in disaster cleanups and restoration, according to research by the Private Equity Stakeholder Project and Resilience Force. These firms often also invest in fossil fuels, contributing to the climate emergency. The demand for skilled disaster workers is increasing due to the destructive effects of climate change. The industry is plagued by wage theft, lack of protective clothing, and unsafe conditions. Private equity acquisitions in the industry are rising, with 14 in the first six months of 2022 compared to 13 in all of 2020.
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