How Saudi Aramco-Linked Bonds Ended Up in ESG Funds

The video discusses the complex financial engineering strategies employed by Saudi Aramco, particularly during the pandemic, involving the creation of oil and gas pipelines and the sale of stakes to investor groups. These groups used special purpose vehicles (SPVs) to secure bank loans and improve ESG scores, allowing them to issue bonds bought by ESG investors. The video highlights the challenges investors face in understanding these complex structures and the role of ESG ratings. It also covers the European Commission's proposal for more transparent ESG regulations, which could have global implications.

What recent proposal did the European Commission put forward regarding ESG ratings?

What implications could the EU's regulation of ESG ratings have on a global scale?