Michele Kearney's Nuclear Wire

Major Energy and Environmental News and Commentary affecting the Nuclear Industry.

Monday, December 30, 2019

Financial sector must 'move faster' on climate crisis, says Bank of England governor - World Nuclear News

Financial sector must 'move faster' on climate crisis, says Bank of England governor - World Nuclear News: 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.

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