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Report: Warburg Pincus Excluding Fossil Fuel Investments from Next Fund
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Private equity firm Warburg Pincus is cutting investments in fossil fuel-related ventures from its next fund, according to a report by the Wall Street Journal.
The decision will have no impact on its energy projects that have already secured funding from Warburg, per the report.
Most recently, Warburg made an investment in newcomer Delta Midstream on March 4, 2020.
They aren't the only firm making such a move. On July 27, Deutsche Bank unveiled a new strategy for energy sector investments, which cuts all funding for all projects focused on Canadian oil sands and the Arctic. It also will end all investments in coal projects by 2025.
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