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Norway’s sovereign wealth fund boss warns of anti-ESG backlash in the UK

Nicolai Tangen says climate change is 'about as political as gravity' and must be seen as an increasing financial risk

Labour’s defeat in Uxbridge shows green policies are rubbing the British electorate up the wrong way, according to the boss of Norges Bank Investment Management
Labour’s defeat in Uxbridge shows green policies are rubbing the British electorate up the wrong way, according to the boss of Norges Bank Investment Management Photo: Bloomberg/Getty Images

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The boss of Norway’s sovereign wealth fund has warned that an anti-ESG backlash is starting to take root in the UK.

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