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The outgoing governor of the Bank of England, Mark Carney, has said financial companies are failing to act quickly enough to curb their investment in fossil fuels. In an interview with BBC Radio 4's Today programme, he said some financial assets could end up worthless if investment firms don't adjust to a zero-carbon economy. Carney is due to start a new role next year as the United Nation's special envoy for climate action and finance.
- Source: World Nuclear News
- Date: Tuesday, 14 January 2020
- Original article: world-nuclear-news.org/Articles/Financial-sector-must-move-faster-on-climate-crisi
The outgoing governor of the Bank of England, Mark Carney, has said financial companies are failing to act quickly enough to curb their investment in fossil fuels. In an interview with BBC Radio 4's Today programme, he said some financial assets could end up worthless if investment firms don't adjust to a zero-carbon economy. Carney is due to start a new role next year as the United Nation's special envoy for climate action and finance.
- Source: World Nuclear News
- Date: Tuesday, 31 December 2019
- Original article: world-nuclear-news.org/Articles/Financial-sector-must-move-faster-on-climate-crisi