Tuesday 31 December 2019

Climate change could render assets ‘worthless’, Bank of England governor warns

Climate change could render assets ‘worthless’, Bank of England governor warns

Climate breakdown could render investments held by millions of people “worthless”, the outgoing governor of the Bank of England has warned. Mark Carney suggested the financial sector had not yet woken up to the looming crisis and was “not moving fast enough” to divest from fossil fuels.
Read more: https://www.independent.co.uk/environment/climate-change-finance-assets-worthless-mark-carney-bio-divestment-a9263861.html?source=Snapzu

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