NYC comptroller blasts BlackRock for picking Aramco CEO for board

New York City Comptroller Brad Lander slammed a decision by BlackRock Inc., its largest external money manager, to appoint the chief executive of the world’s biggest oil company to its board.
President and CEO of Aramco Amin Nasser attends the Energy Asia conference in Kuala Lumpur, Malaysia June 26, 2023 | Photo: Hasnoor Hussain/Reuters/Ritzau Scanpix
President and CEO of Aramco Amin Nasser attends the Energy Asia conference in Kuala Lumpur, Malaysia June 26, 2023 | Photo: Hasnoor Hussain/Reuters/Ritzau Scanpix
By Saijel Kishan and Alastair Marsh / Bloomberg

“BlackRock has clearly stated that climate risk is an investment risk, but actions speak louder than words,” New York City Comptroller Brad Lander said in an emailed statement. “At a time when financial institutions need to take a collective approach to addressing the financial risks from climate change, BlackRock shareholders expect climate-competent, not climate-conflicted, directors.”

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