Climate Investors Warn the Right Is Winning the War on ESG

When global warming is politicized, professional investors are unable to do their jobs properly.

That’s the key message from the world’s biggest investor coalition on climate change after several of its largest members left the group this month. Climate Action 100+ said in a statement Monday that the climate crisis poses “an ever-increasing financial risk to long-term shareholder value and the broader economy, and we can’t afford to take a step back now.”

It’s also a message echoed by several of the initiative’s founders.

Take Betty Yee, California’s former state controller, who introduced CA100+ to heads of state and ...