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United Kingdom: Mark Carney: most fossil fuel reserves can't be burned

2014-10-13 14:04:00| Climate Ark Climate Change & Global Warming Newsfeed

Guardian: 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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