Private Equity Funds, Sensing Profit in Tumult, Are Propping Up Oil

These secretive investment companies have pumped billions of dollars into fossil fuel projects, buying up offshore platforms, building new pipelines and extending lifelines to coal power plants.

#alternative-and-renewable-energy, #amplify-energy-corp, #avenue-capital-group, #california, #energy-and-power, #global-warming, #greenhouse-gas-emissions, #methane, #oil-petroleum-and-gasoline, #private-equity, #regulation-and-deregulation-of-industry, #the-blackstone-group

California Oil Spill Closes Beaches and Renews Call for Drilling Ban

A pipeline transporting oil from offshore platforms spilled at least 126,000 gallons of oil in Southern California, the state’s largest such leak since 2015.

#amplify-energy-corp, #beta-offshore, #offshore-drilling-and-exploration, #oil-petroleum-and-gasoline, #oil-spills, #orange-county-calif-oil-spill-2021, #pipelines, #water-pollution, #wetlands