NYC Pushes BlackRock Investors to Vote Against Aramco CEO

New York City Comptroller Brad Lander is pressing BlackRock Inc. shareholders to vote against the election of Saudi Aramco Chief Executive Officer Amin Nasser as an independent member of the company’s board.

As head of one of the world’s biggest oil companies, Nasser’s appointment would pose potential conflicts of interest, particularly concerning BlackRock’s decarbonization strategy, Lander wrote in a letter to fellow investors.