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

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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

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