City Comptroller Brad Lander had proposed the moves, alleging the firms have failed to meet the funds’ net zero plans.
Decarbonization Partners aims to invest in firms that support the acceleration of decarbonization.
The kingdom, one of the top producers of carbon-based fuel, and the asset management kingpin form an investment partnership.
How will institutional investors adapt to a population that is living longer?
Despite seeming goodwill blooming with GOP officials in Texas, the asset management firm still draws ire due to ESG considerations.
After the Lone Star State blacklisted the asset manager over a fossil fuels issue, the firm’s ESG-minded CEO offers big bucks to improve the state's power grid.
The asset manager is investing $550 million in a joint venture with the oil and gas giant’s 1PointFive subsidiary.
The firm aims to raise $1.2 billion to invest in the country’s climate infrastructure.