Green Investment Funds Ended Up In The Hands Of A Saudi Arabian Oil Company: REPORT. : Money invested in environmental, social and governance (ESG)-sensitive investment funds inadvertently found its way into the coffers of a major Saudi Arabian state-owned oil company, Bloomberg News reported Wednesday. Saudi Aramco, the world’s largest oil company, utilized a web of subsidiaries to raise a combined $28 billion to finance major pipeline construction projects, with some of the financing coming from bonds issued by subsidiaries of western investment consortiums led by BlackRock and institutional energy investor EIG Partners, according to Bloomberg News.