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The report details how private equity firms utilize institutional capital to invest in companies providing healthcare, labor, food, electronic monitoring, telecommunications, and construction services for the U.S. detention and surveillance industry. It argues that these investments often lead to substandard care, exploitative wages, and inflated costs for captive audiences, disproportionately affecting working-class, Black, indigenous, and immigrant communities.

The report profiles 12 private equity firms—including Blackstone, Carlyle, and KKR—detailing their substantial portfolios of oil, gas, and coal assets. It argues that these firms fuel the climate crisis and environmental injustice while their executives accumulate immense wealth and social prestige. The document provides specific examples of environmental violations, such as oil spills and methane leaks, and highlights the firms' tendency to avoid global climate pledges like those made at COP26.