FILE PHOTO: A general view shows The Bank of England in the City of London financial district in London, Britain, November 5, 2020. REUTERS/John Sibley/File Photo
The House of Commons’ Environmental Audit Committee - which looks at public bodies’ impact on global warming - said buying bonds from firms such as energy companies with high carbon emissions contravened government goals to reduce global warming. The parliament committee has no formal power over the BoE, which is operationally independent, but finance minister Rishi Sunak could potentially change the BoE’s remit to require a greater focus on environmental issues.
Can’t make money when the planet is dead.
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Might have been a good idea to wait on China and other adversarial economies on that one. Especially when as accord partners, they are full steam ahead on coal. Thinking we are getting played.
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