The Global Fossil Fuel Asset Tracker

Key Findings 

• In the August 2026 update, the Private Equity Climate Risks team expanded the global fossil fuel asset tracker to include several additional fossil fuel asset types, which doubled the size from 600 to 1,220 fossil fuel assets backed by the 20 private equity scorecard firms. 
• Of the 1,220 fossil fuel assets included in the tracker:
  • 569 are midstream assets, which include fossil fuel pipelines, terminals, tankers, and storage facilities.
  • 374 are downstream assets, which include fossil fuel-fired power plants and refineries.  
  • 277 are upstream, oil and gas extraction assets
• The top five private equity firms with the most fossil fuel assets in the asset tracker were EIG Global Energy Partners, KKR, BlackRock GIP, Brookfield (Oaktree), and Blackstone.

•  These 20 private equity firms own fossil fuel assets in at least 60 countries, including:
  • Algeria
  • Australia
  • Belgium
  • Brazil
  • Canada
  • Equatorial Guinea
  • France
  • Germany
  • India
  • Indonesia
  • Mexico
  • Philippines
  • Republic of Congo
  • Switzerland
  • The Netherlands

Expand map here

Understanding the Database

The full dataset includes the name of the fossil fuel asset, the current company that owns/operates the asset, and the current private equity investor(s) of that company as of January 2026. These names can all be used as leads to look into the business practices and environmental records of each of these assets. To see which fossil fuel assets each of the 20 private equity firms were invested in, see above.

The dataset also provides the following available details for each fossil fuel asset: 

• Year the asset was acquired by the private equity-backed energy company
• Asset energy sector (upstream, midstream, or downstream)
• Asset energy type (e.g., extraction site, transportation/storage terminal, pipeline)
• Asset energy source (e.g., oil, gas, or coal)
• Location details including:
  • Basin
  • State
  • Country/Area
• Most recent asset operating status (many assets have more than one unit; this column will show the operating status of each unit)

Finally, the Asset Ownership Verification Date field shows the date the asset data was last verified by a Private Equity Climate Risks researcher. 

The dataset is sortable by any field and can be downloaded into a CSV file for further analysis and research.

Private Equity Climate Risks researchers will continue to update and add assets to this tracker.

If you have questions, leads, updates, corrections or comments about any of these assets or their status, please reach out to us. We’d love to hear from you!

Methodology

Methodology and Research Process for Fossil Fuel Asset Verification

Since private equity firms do not provide comprehensive disclosures of current or former investments, the research team has built a data set based on a variety of sources. First, we verified the companies in each of the 20 private equity energy portfolios. Please see the Private Equity Energy Company Tracker for more information on that stage of the process.  Researchers then drew on company websites, press releases, SEC and other regulatory filings, news articles, and other oil and gas databases such as The Global Energy Monitor Global Oil and Gas Extraction Tracker (GOET), the Global Gas Plant Tracker, the LNG Carrier Tracker, and Urgewold’s Global Oil and Gas Exit List (GOGEL) to identify additional companies and build a data set of verified private equity fossil fuel asset investments including the assets locations and capacities. 

The asset tracker is not comprehensive. Private Equity Climate Risks researchers will be updating the data and adding new assets. The tracker will update live as changes or additions are made. Please see the Asset Ownership Verification Date to see when each asset has been most recently reviewed. 

Private equity firms invest in portfolio companies and assets through various strategies, including leveraged buyouts, majority stake investments, minority stake investments, control or non-control investments, credit or lending investments, joint ventures, via intermediaries or directly, and others. The precise nature of each investment arrangement is often not disclosed, but these investments all provide capital to portfolio companies that enable their operations and the associated emissions and environmental impacts. The 20 firms’ current energy portfolio and their fossil fuel assets reflect the private equity firms’ financial interests via any one or more financial strategies listed above to “invest in,” “own,” or “back” each portfolio company, thereby facilitating the activity of the company and its assets, and financing the company’s emissions.