Monday, December 30, 2019

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

Financial sector ‘not moving fast enough’ to divest from fossil fuels, Mark Carney says

It is said the wealthy aren't so worried much about climate change because they think their wealth will protect them, but I always thought their investments would be precarious in a world ravaged by climate change. 

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.

The Independent 

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