Private-equity owned Ameredev comes out as sector leading in terms of flaring of methane in the Permian Basin. Surprisingly, our analysis finds that key financiers, through an EnCap fund, are a number of Californian public pensions funds. AFII opines that unncessary CO2 emissions are not in the interest of those funds' beneficiaries. Nor are massive flaring efforts good for PE exit valuations.
(9 June 2021)