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BlackRock’s Fink defends as ‘not woke’ push for values as well as profits

January 18, 2022

Reuters BOSTON/LONDON -Larry Fink, chief executive of the world’s biggest asset manager BlackRock Inc, has defended its focus on the interests of society as well as on profits in the face of criticism from many sides. Asset managers increasingly analyse corporate performance on environmental, social and governance-related issues to bolster returns and to attract cash from investors focused matters such

BlackRock, Saudi asset manager Hassana sign deal for Aramco’s gas pipelines

December 6, 2021

Reuters Saudi Aramco said on Monday it has signed a $15.5 billion lease-and-leaseback deal for its gas pipeline network with a consortium led by BlackRock Real Assets and state-backed Hassana Investment Co. Gulf oil producers are looking at sales of stakes in energy assets and raising cash through long-term leases, capitalizing on a rebound in crude prices to attract foreign

Exclusive: BlackRock at The Oil & Gas Conference

September 28, 2021

BlackRock’s high-performance culture is what enables us to stay ahead of clients’ needs. It challenges us to be forward-thinkers, problem solvers and innovators. A high-performance culture also requires diversity, empathy, equity, respect and inclusion. About EnerCom, Inc. Founded in 1994, EnerCom, Inc. is an internationally recognized management consultancy advising companies on Environmental, Social & Governance (ESG), investor relations, corporate strategy/board

REPLAYS: EnerCom’s The Oil & Gas Conference®2021: Thank you to our sponsors, presenters and attendees!

August 26, 2021

Oil & Gas 360 Publisher’s Note: Thank you to our sponsors, presenters and attendees for their continued support and making EnerCom’s The Oil & Gas Conference 2021 a continued success! Replays are now available to watch. Sponsors of The Oil & Gas Conference® 26 include: Netherland, Sewell & Associates, Moss Adams LLP, Enverus, Bloomberg, CAC Specialty, Haynes and Boone, LLP, SMBC, AEGIS Hedging, Rystad

BlackRock CEO says Shell decarbonisation ruling “not a solution”

June 4, 2021

Reuters MILAN – Last week’s Dutch court decision against Royal Dutch Shell RDSa.L is not the way to solve the global decarbonisation issue and risks shifting the problem to private firms, the head of the world’s largest money manager said on Thursday. BlackRock BLK.N CEO Larry Fink said the ruling that requires Shell to deepen its planned greenhouse gas emission cuts was an

A $7 trillion climate change warning to the stock market from its biggest shareholder

December 14, 2020

CNBC The evidence of climate change — from global temperature records to Arctic ice melt, wildfires, hurricanes and flooding — is accelerating. So is investment pressure on corporations. In the past week, Exxon Mobil was targeted by activist investors, as well as CalSTRS, one of the nation’s largest pension funds. New York State’s $226 billion pension fund announced a plan to

Saudi Aramco and BlackRock, others, discussing deal worth over $10 billion – sources

October 13, 2020

Reuters DUBAI – Saudi Aramco 2222.SE is in talks with BlackRock BLK.N and other investors on a planned deal worth over $10 billion to sell a stake in its pipeline business, sources said. The deal, internally dubbed “Project Seek”, is still in its initial phase and there is no formal decision on the investors yet, one of the two sources familiar with the

Stakeholder capitalism set to become ‘more and more important,’ says BlackRock’s Fink

July 17, 2020

CNBC In the aftermath of the coronavirus pandemic, stakeholder capitalism — or the idea that companies have a greater purpose besides just providing returns for shareholders — is set to become even more important, BlackRock CEO Larry Fink said Friday. “The one thing that is very clear in this Covid world … [is that] stakeholder capitalism is only going to

BlackRock cast tougher climate votes, environmentalists want more

July 14, 2020

Reuters BOSTON – BlackRock Inc (BLK.N) released figures showing it took a tougher stance on climate matters in the springtime proxy season, though it drew criticism from environmentalists claiming the top asset manager failed to back up its recent emphasis on the area. BlackRock of New York said in a report on Tuesday that it voted against management at 53

Why the stock market is up even with historic job losses

May 8, 2020

CNBC A record number of Americans just lost their job, and yet stocks are moving higher. This seems paradoxical given the economic toll — to say nothing of the emotional toll — on millions of people across the country without a job. While some say this is further indication that the stock market has become decoupled from reality, others say

Bank of America CEO says clients want to invest in companies ‘doing right by society’

January 21, 2020

CNBC Bank of America CEO Brian Moynihan says money will keeping flowing to environment, social and governance funds (ESG) as more investors send the message that they want to own companies with a mission that aligns profits with broader social goals. “We have $25 billion in ESG funds, and more is going there,” Moynihan said on ” from the World Economic Forum in

Finance royalty descend on Saudi forum as Aramco listing looms

October 29, 2019

Source: Reuters RIYADH (Reuters) – What a difference a year makes. There was standing room only in the expansive halls of Riyadh’s Ritz-Carlton hotel on Tuesday as the world’s financial royalty attended Saudi Arabia’s Future Investment Initiative (FII) conference, aimed at courting global investors. Saudi Arabia said it signed over two dozen investment deals worth $15 billion, mostly in the

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