Nasser has led the world’s biggest oil producer since 2015, including overseeing its public listing, and provides BlackRock with “a unique perspective” on key issues facing the company and its clients, CEO Larry Fink said Monday in an emailed statement.
(Bloomberg) BlackRock Inc. has named Saudi Aramco Chief Executive Officer Amin Nasser to its board, underscoring the asset manager’s commitment to the oil industry in the middle of a highly politicized debate about its role in ESG investing.Most Read from BloombergMassive US Oil Caverns Sit Empty and Will Take Years to RefillUS Plans Narrow China Tech Investment Limits, Likely by 2024Singapore House Speaker Resigns in New Blow to Ruling PartyDollar’s Busted Bull Run Has Bears Calling End of a
Money invested in U.S. environment, social and governance (ESG)-sensitive funds inadvertently found its way into the coffers of a Saudi Arabian oil company.
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