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Reports: Mark Carney lends weight to carbon bubble theory

2014-10-13 12:08:00| Climate Ark Climate Change & Global Warming Newsfeed

BusinessGreen: The Governor of the Bank of England has reiterated his warning that fossil fuel companies cannot burn all of their reserves if the world is to avoid catastrophic climate change, and called for investors to consider the long-term impacts of their decisions. According to reports, Carney told a World Bank seminar on integrated reporting on Friday that the "vast majority of reserves are unburnable" if global temperature rises are to be limited to below 2C. Carney is the latest high profile figure...

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