Report: Swiss fund managing $270 billions plans to blacklist bonds of major oil companies including Saudi Aramco

This decision was made following a recommendation from the Swiss Association for Responsible Investments (SVVK-ASIR), which suggested blacklisting the debt issued by companies including Chevron, ExxonMobil, Saudi Aramco, Marathon Petroleum, PBF Energy, Phillips 66, and Valero Energy. The proposed ban does not include equity investments; the association stated that for equity assets, members should continue to exercise their voting rights. (Bloomberg)