The Guardian Article on Black Rock

Description

Questions on the Guardian Article of April 12 https://www.theguardian.com/business/2020/apr/12/blackrock-eu-environmental-rules-for-banks
frederique thivoyon
Quiz by frederique thivoyon, updated more than 1 year ago
frederique thivoyon
Created by frederique thivoyon over 4 years ago
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Resource summary

Question 1

Question
What is "Black Rock"?
Answer
  • An investor in banks
  • An international bank
  • A large oil company

Question 2

Question
Black Rock has been hired by the European Union to...
Answer
  • Invest money in the European Union banks
  • block progress on environmental issues
  • advise the EU on adopting environmental rules for banks

Question 3

Question
ESG factors are
Answer
  • Economical, Social and General factors
  • Environmental, Social and Governance (ESG) factors
  • Eastern Society Group factors

Question 4

Question
The EU had to choose Black Rock because there was no other candidate
Answer
  • True
  • False

Question 5

Question
This article mentions concerns and worries about
Answer
  • a possible conflict of interest
  • a potential disagreement between shareholders
  • future hazardous investments

Question 6

Question
like letting the fox guard the henhouse (l.20) means that...
Answer
  • Black Rock is the most dangerous actor possible in an environmental counselling group
  • Black Rock will be a good guard for Europe
  • Black Rock was the best possible candidate to make recommendations on ESG factors

Question 7

Question
Black Rock is also a big investor in the industry of arms
Answer
  • True
  • False

Question 8

Question
Who says that “We are baffled* as to why the European commission didn’t think there would be a massive conflict of interest with this choice.”
Answer
  • A European commission spokesman
  • a climate and energy campaigner

Question 9

Question
Black Rock will advise the European commission for free
Answer
  • True
  • False

Question 10

Question
If European banking regulators decide to have less strict regulations
Answer
  • It could benefit unethical companies
  • it could be the effect of Black Rock conflict of interest
  • It could have a good effect on the environment

Question 11

Question
Black Rock is in fact not worse than any other investment company in terms of environmental issues
Answer
  • True
  • False

Question 12

Question
Black Rock has recently made a few efforts to appear greener
Answer
  • True
  • False

Question 13

Question
the Guardian has interviewed someone from the European Commission who admitted there was a conflict of interest
Answer
  • True
  • False

Question 14

Question
This article:
Answer
  • denounces a conflict of interest in the choice of Black Rock as an advisor for the European banking rules
  • defends the eligibility of Black Rock as a contributor to the environmental, social and governance (ESG) factors into the European banking supervision.
  • shows that the European commission will now invest only in sustainable companies
  • is concerned about the possible influence by a ruthless investment company on the future banking decisions of the EU
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