PHOTOS: Bank of England Governor and Alberta Premier Rachel Notley at yesterday’s brief news conference in the provincial Legislature Building. (CBC Photo) Below: Rick Strankman and Michael Bloomberg. Who’re ya gonna believe, huh? Mark Carney, form… . . . → Read More: Alberta Politics: NDP environmental policies: Who’re ya gonna believe? Mark Carney or Rick Strankman?
The former governor of the Bank of England said it. The current governor of the Bank of England is saying the same thing – to anyone who’ll listen. Mark Carney who recently left the top perch at the Bank of Canada to sit on the top perch of the Bank of England says, unless we . . . → Read More: The Disaffected Lib: Mark Carney Again Warns of Climate Change Induced Financial Collapse. Is Anyone Listening?
We’ve already seen climate refugees and climate wars, yet the business world has been rather slow to react. Many businesses operate with the denial of the economic effects of climate change. Today the head of the Bank of England, Mark Carney, has warned the financial world that climate change is the biggest challenge we will . . . → Read More: Things Are Good: Economic Discussion of Climate Change Gets Real
The Bank of England’s warning is pretty clear – beware the Carbon Bubble. The bank is urging major insurance companies, top tier investors, to divest from fossil fuels, get out while the getting’s good.
Insurance companies could suffer a “huge hit” if their investments in fossil fuel companies are rendered worthless by action on . . . → Read More: The Disaffected Lib: While the Getting’s Good
Revealed: Bank of England disarray in the face of financial crisis | Business | The Guardian.
The full extent of the Bank of England’s emergency action to prevent the collapse of the banking system is revealed on Wednesday as it releases previously secret documents detailing its frantic day to day efforts to prop up high . . . → Read More: Parchment in the Fire: Revealed: Bank of England disarray in the face of financial crisis | Business | The Guardian
Thanks to Mark Carney, former governor of the Bank of Canada and current governor of the Bank of England, for his warning that the “vast majority” of the world’s oil and coal reserves will never be used due to advancing climate change.
The value of these reserves is factored into the . . . → Read More: Cowichan Conversations: Oil and Gas Investors Get Warning–Pension Funds at Risk
Wife of Bank of England governor turns herself into a guillotine-magnet:
Diana Carney – wife of the new Bank of England governor (and former Bank of Canada head) – had a Mary Antoinette moment on March 25, 2013 when she whined on Twitter that she and her husband were having trouble finding suitable . . . → Read More: The Ranting Canadian: Wife of Bank of England governor turns herself into a guillotine-magnet