News Formal

ESG Loophole Leads to Billions in Investment in Saudi Aramco

  • 📰 BreitbartNews
  • ⏱ Reading Time:
  • 31 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 16%
  • Publisher: 51%

대한민국 뉴스 뉴스

대한민국 최근 뉴스,대한민국 헤드 라인

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.

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

In order to generate cash to repay the bank loans, the EIG and BlackRock consortiums created two special purpose vehicles:and GreenSaif Pipelines Bidco, both registered at the same Luxembourg address. These SPVs then sold bonds, which, since they had no direct links to the fossil-fuel industry, ended up getting an above-average score in a widely-used JPMorgan Chase & Co. sustainability screening based on third-party ESG scores.

Ulf Erlandsson, CEO of the Anthropocene Income Institute, said that these complex financial structures complicate investing in purportedly climate-friendly funds.

이 소식을 빠르게 읽을 수 있도록 요약했습니다. 뉴스에 관심이 있으시면 여기에서 전문을 읽으실 수 있습니다. 더 많은 것을 읽으십시오:

 /  🏆 610. in KR
 

귀하의 의견에 감사드립니다. 귀하의 의견은 검토 후 게시됩니다.

대한민국 최근 뉴스, 대한민국 헤드 라인

Similar News:다른 뉴스 소스에서 수집한 이와 유사한 뉴스 기사를 읽을 수도 있습니다.

Major business group slams disclosure rules as House Republicans probe ESG investingHouse Republicans scheduled several hearings this month to probe ESG investing, which has become a big target on the right.
출처: CNBC - 🏆 12. / 72 더 많은 것을 읽으십시오 »