Riverstone Energy

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Riverstone Energy Limited (LSERSE) is a Guernsey-domiciled, closed-ended company which invests in energy companies and assets worldwide. REL does so with a particular focus on the exploration, production, storage, and transportation of oil and gas.[1] Established by Riverstone Holdings in 2013, the Company's investment manager is Riverstone International Limited, which is majority-owned and controlled by affiliates of Riverstone. REL was the subject of a £760m Initial Public Offering in October 2013,[2] listed on the London Stock Exchange, and is a constituent of the FTSE 250 Index.

Corporate Governance[edit]

The company whose parent, Riverstone Holdings, is already in difficulty after the New York Attorney General Andrew Cuomo ordered Riverstone Holdings LLC to pay $30 million in restitution after Riverstone Holdings employed fixers to get them business from pension funds controlled by "corrupt" state officials,[3] caused further controversy when it was found that officials in the UK had also invested state pension fund money in the company's products.[4]

References[edit]

  1. ^ Riverstone IPO Reuters
  2. ^ Riverstone Energy confirms London IPO raising £760mln Proactive, October 24, 2013
  3. ^ "Pay to Play Scandal in NY Nabs Another Investment Firm". ABC. 11 June 2009. Retrieved 1 August 2016.
  4. ^ "Environment Agency investing pension fund in industries it regulates is 'clear conflict of interest'". The Independent. 28 December 2014. Retrieved 2 August 2016.