---
title: Christian Busken Comments on Fossil-Fuel Sectors for Institutional Investors
description: A recent survey showed the percentage of Black and female asset management employees declined last year. FEG Managing Director of Institutional Services explained how FEG intends to monitor managers in the next few years, and if this downward trend continues it will become clear which diversity programs in the industry were empty promises.
---

[News and Press Releases ](https://www.feg.com/news)

# [Christian Busken Comments on Fossil-Fuel Sectors for Institutional Investors](https://www.feg.com/news/christian-busken-comments-on-fossil-fuels-for-institutional-investors)

 Written by [FEG](https://www.feg.com/news/author/feg) | January 31, 2024

Breakwall Capital, a new private-capital firm founded by three former Riverstone Holdings fund managers, expects to raise a roughly $500 million clean energy-focused fund while continuing to invest in the traditional oil-and-gas sector through a separate vehicle backed by commodity trader Vitol Group.

"A recovery from a pandemic-driven slump in global oil prices, combined with increased capital discipline among producers, is attracting some investors back to the sector. But, it remains difficult to raise capital to invest in oil and gas," said FEG Director of Real Assets Christian Busken.

 

[View full post](https://www.feg.com/news/christian-busken-comments-on-fossil-fuels-for-institutional-investors)

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