Wednesday, July 12, 2023

ESG Loophole Leads to Billions in Investment in Saudi Aramco

ESG Loophole Leads to Billions in Investment in Saudi Aramco

An ESG loophole led investors to pile billions of dollars into Saudi Aramco, the world’s largest oil company, whose chief executive has criticized ESG investing.

Bloomberg reported that Saudi Aramco has become an unlikely beneficiary of anti-climate change investing funds.

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