News Headline
Firms ignoring climate crisis will go bankrupt, says Mark Carney
Source
Guardian (UK)
Publication Date
2019-10-15
Companies and industries that are not moving towards zero-carbon emissions will be punished by investors and go bankrupt, the governor of the Bank of England has warned. Mark Carney also told the Guardian it was possible that the global transition needed to tackle the climate crisis could result in an abrupt financial collapse. He said the longer action to reverse emissions was delayed, the more the risk of collapse would grow.