Riverstone Energy

Riverstone Energy Limited (LSE: RSE) 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

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

  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.
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