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Top related persons:
Amin Nasser - 2 Nasser - 2 Bader Alsaad - 2 Natalie Grover - 1 Sharon Singleton - 1 — - 1 Larry Fink - 1 Hasnoor Hussain - 1
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BlackRock - 2 Saudi Aramco - 2 Saudi - 2 Aramco - 2 Arab Fund for Economic & Social Development - 1 Gulf - 1 Thomson - 1 London CNN — BlackRock - 1

Search resuls for: "Arab Fund for Economic"


2 mentions found


☆ BlackRock names Aramco boss to board
  + stars: | 2023-07-18 | by ( Natalie Grover | ) www.reuters.com   time to read: +2 min
LONDON, July 17 (Reuters) - The world's top asset manager BlackRock (BLK.N) has named Amin Nasser, the chief of the world's largest oil company Saudi Aramco (2223.SE), as an independent director. His expertise in the Middle East will fill the gap left by Bader Alsaad, chairman of the board of the Arab Fund for Economic & Social Development, who is not standing for reelection on BlackRock's board in 2024, the asset manager said on Monday. BlackRock has sought to strike a balance on the issue of climate change, continuing to invest in fossil fuel companies, while nudging them to adopt energy transition plans. Aramco, for its part last October unveiled a $1.5 billion sustainability fund to initially focus on areas including carbon capture and storage, greenhouse gas emissions, as well as hydrogen, ammonia and synthetic fuels. However, Nasser said the current global energy transition plan was flawed.
Persons: Amin Nasser, Nasser, Bader Alsaad, Natalie Grover, Sharon Singleton Organizations: BlackRock, Saudi Aramco, Saudi, Arab Fund for Economic & Social Development, Aramco, Gulf, Thomson Locations: Saudi Arabia, Riyadh, Paris, London
☆ BlackRock made a climate pledge. Then it appointed a Saudi oil executive to its board
  + stars: | 2023-07-18 | by ( Anna Cooban | ) edition.cnn.com   time to read: +4 min
London CNN —BlackRock, the world’s biggest asset manager, said Monday it has appointed Amin Nasser, chief executive of oil giant Saudi Aramco, to its board of directors — despite the New York-based firm’s pledge to accelerate investment in climate-friendly companies. Nasser joined the state-run oil giant Saudi Aramco in 1982 as a petroleum engineer, rising up the ranks to become CEO in 2015. Saudi Aramco is the world’s largest oil producer, with a market capitalization of 7.8 trillion Saudi riyal ($2.1 trillion). But, like other fossil fuel companies, pressure has built on Saudi Aramco to take more drastic action to curb its greenhouse gas emissions. President and CEO of Aramco Amin Nasser attends the Energy Asia conference in Kuala Lumpur, Malaysia June 26, 2023.
Persons: Amin Nasser, —, Bader Alsaad, Larry Fink, Nasser, Hasnoor Hussain, ” Nasser, BlackRock’s, Jeff Sonnenfeld, Nasser “ Organizations: London CNN — BlackRock, Saudi Aramco, New, BlackRock, Arab Fund for Economic, Social, Saudi, —, Energy Asia, World Petroleum Congress, Yale School of Management, CNBC, Aramco, CNN Locations: Saudi, New York, ”, Ukraine, Kuala Lumpur, Malaysia, decarbonize, United States, BlackRock
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