NYC Comptroller Blasts BlackRock for Picking Aramco CEO for Board
- Brad Lander lambastes ‘climate-conflicted’ directors at firm
- Criticism follows appointment of Aramco CEO to BlackRock board
Brad Lander
Photographer: Christopher Goodney/BloombergThis article is for subscribers only.
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.
“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.”