(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
After being caught on the wrong side of Vladimir Putin's war in Ukraine and the Adani scandal, hundreds of ESG fund managers are now dealing with the sting of having misjudged Silicon Valley Bank.
Florida will pull $2 billion from BlackRock over concerns expressed by Republican leaders that its investment policies will put social reforms over investment returns.