Mark Carney tells global banks they cannot ignore climate change dangers

Financial sector warned it risks losses from extreme weather and
its stakes in polluting firms

The global financial system faces an existential threat from
climate change and must take urgent steps to reform, the governors
of the Bank
of England
and France’s central bank have warned, writing in
the Guardian.

In an
article
published in the Guardian on Wednesday aimed at the
international financial community, Mark Carney, the Bank’s
governor, and Villeroy de Galhau, the governor of the Banque de
France, said
financial regulators, banks and insurers around the world had to
“raise the bar” to avoid catastrophe.

Source: FS – All-News2-Economy
Mark Carney tells global banks they cannot ignore climate change dangers