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NEW YORK (Reuters) - Goldman Sachs Group Inc’s board of directors on Monday nominated the chief financial officer of Royal Dutch Shell plc to become its newest member.
FILE PHOTO: A sign is displayed in the reception of Goldman Sachs in Sydney, Australia, May 18, 2016. REUTERS/David Gray
If her appointment is approved by shareholders, Jessica Uhl will be the fifth woman director on Goldman’s board and its only member to come from the fossil fuel industry.
The bank has backed away from fossil fuel development in recent years.
In 2019, it said it would no longer finance certain drilling and coal activities and set a target of making $750 billion in loans, underwriting, advisory services and investments in projects that fight climate change or help financially disadvantaged people.