Firms Ignoring Climate Crisis Will Go Bankrupt, Says Mark Carney – The Guardian
Article Synopsis – Mark Carney, the governor of the Bank of England, has warned that “companies and industries that are not moving towards zero-carbon emissions will be punished by investors and go bankrupt”. “The Bank of England has said up to $20tn (£16tn) of assets could be wiped out if the climate emergency is not addressed effectively.” In response, Jeremy Corbyn, the leader of the UK Labour party, said: “Labour will delist companies that fail to meet environmental criteria from the [London Stock Exchange], and reform the finance sector to make it part of the solution to climate change instead of lending to companies that are part of the problem.” To read the actual article click here.