Climate investing is ‘a matter of value, not values,’ says State Street’s O’Hanley

That’s Ron O’Hanley, head of State Street, which is among the world’s largest stock index-fund companies, addressing mostly Republican political backlash against climate-conscientious investing.

These arguments “have left facts aside” and lost sight of the needs of long-term shareholders who might be exposed to stranded assets in oil or outmoded technologies, as well as missing out on growth opportunities, O’Hanley said in an interview Monday with the Financial Times.