BoE’s Carney warns of bankruptcy for firms that ignore climate change

Businesses that fail to adapt to climate change will go bust, warned Bank of England Governor Mark Carney.

“Companies that don’t adapt – including companies in the financial system – will go bankrupt without question. (But) there will be great fortunes made along this path aligned with what society wants,” Carney told Channel 4 News.

“(What) the capitalist system needs to do is to manage the risks around climate change, be ready for the different speeds of the adjustment,” Carney said.

Via Reuters