Former National Climate Advisor Gina McCarthy works for two private equity firms with climate change portfolios investing in China.
McCarthy currently works as an advisor to private equity firms Pegasus Capital Advisors LP and TPG, she said. website, Both invest in China and are funds that use environmental and social indicators to invest. As the first climate change emperor in history, McCarthy served in the Biden administration and pushed for legislation on climate change. Bipartisan Infrastructure Law And the Inflation Control Act “resulted in the most aggressive climate policy in US history,” she argues. (Related article: ‘Climate change idealism meets reality’: Green energy failed to meet power demand when it was needed most)
Pegasus Capital Advisors, to which McCarthy serves as a managing advisor, reportedly manages the Green Climate Fund’s (GCF) Global Regional Climate Fund (SnCF), which reportedly has a “significant amount of climate change financing.” It was created in 2021 to “address the deficit.”liberation from GCF.The Biden administration donated $2 billion to the GCF, a UN project aimed at “accelerating the clean energy transition,” according to a White House report. release. GCF has invested $1.4 billion in China’s Shandong province, according to reports. website.
McCarthy is also a senior adviser to TPG, which has aggressively invested in Chinese companies such as Du Xiaomang Financial and Zhao Ke Eye. website. TPG rising climate fund According to one study, it closed at $7.3 billion in 2022. press release.
Pegasus Capital Advisors says, “We are focused on sustainability and wellness solutions.” website. “From green infrastructure to improved health and well-being, our investment themes and strategies are based on long-term value creation that provides the scale and depth of our environmental and social impacts.”
TPG Inc. has its own public interest organization, Y Analytics, whose mission, according to TPG, is to “not only increase the amount of capital allocated to influence, but also to increase the amount of capital that is invested for greater returns.” to improve capital effectiveness”. website.
President Joe Biden on climate change: ‘This is the most serious problem facing humanity’ pic.twitter.com/bEUtcS5N0a
—NEWSMAX (@NEWSMAX) June 22, 2023
McCarthy had previously been accused of ethics violations by Republican congressmen after meeting with Natural Resources Defense Council (NRDC) chairman and CEO Manish Bapna, it said. White House Visitor logs, this is a suspected Biden breach “No Revolving Doors”. The ban prohibits appointees from engaging with parties associated with their former employers, and McCarthy previously served as NRDC’s president and CEO.
McCarthy has previously called on big tech companies to censor companies that hold different views on environmental issues and energy policy, saying, “Tech companies don’t allow certain individuals to spread false information over and over again. It should stop,” he said. Axios.
TPG confirmed to the Daily Caller News Foundation that McCarthy works as a senior advisor to the company.
Pegasus Capital Advisors, GCF and McCarthy did not respond to requests for comment.
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