Today, New York City Comptroller Brad Lander announced that the New York City Employees' Retirement System (NYCERS) will use its shareholder power to vote against Amin Nasser, CEO of Saudi Aramco, for a seat on the board of BlackRock, and is urging other shareholders to do so as well.
New York, NY – After successful shareholder engagements, New York City Comptroller Brad Lander and trustees of the New York City Employees’ Retirement System, Teachers’ Retirement System, and Board of Education Retirement System (the Pension Systems) have reached agreements with JPMorgan Chase, Citi, and the Royal Bank of Canada that the banks will regularly disclose their ratio of clean energy supply financing to fossil fuel extraction financing (Energy Supply Ratio) and their underlying methodology.
NEW YORK – This week, Citigroup has joined JPMorgan Chase in agreeing to disclose its relative levels of financing for low-carbon energy versus fossil fuels — also known as an energy supply financing ratio — in response to
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