Why are we are being herded into buying part of the world's biggest polluter?

Pension funds will be stuffed with Saudi Aramco shares after the oil giant's floatation this weekendOn Sunday, the baroque-and-bling Ritz-Carlton in Riyadh (suites a mere ?6,500 a night) is expected to host the launch of the biggest privatisation in history. Aramco, the holder of Saudi Arabia's oil reserves, is likely to come to the market with a price tag as high as $2 trillion.The kingdom is only selling a small portion of the company, but if it achieves anywhere near that price, Aramco will be valued at more than BP, Shell, Google, Walmart and Netflix combined. Continue reading...