Date: 27th November 2020
Author: BETTER FINANCE
Type: In the news
"The European Union's watchdog has ruled the European Commission failed to adequately consider conflicts of interest when it appointed BlackRock Investment Management, the world's second largest investor in fossil fuels, to advise on environmental regulations for the banking sector."
[...]
"In the report published this week, O'Reilly concluded the Commission needed to better police conflict of interests when awarding public contracts, concluding it was "questionable for the Commission to conclude that there were not legal grounds to exclude BlackRock Investment Management from the procurement procedure"."
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