Departures From Climate Action 100+ Highlight U.S.-Europe Divide Over ESG Investing

By Mathilde Augustin

Over the past few months, a string of large American asset managers have left Climate Action 100+, a global investor group created to ensure that the largest corporate emitters of greenhouse gases take action on climate change. Their departure coincides with intensifying political debate over sustainable investing, as a variety of Republicans have sought to crack down on what they call a “climate cartel.”