Mark Carney, soon to become UN special envoy on climate action and finance, says things ‘are not moving fast enough’
London — On Monday,
“A question for every company, every financial institution is: what’s your plan? We now have $120-trillion of balance sheets of banks and asset managers wanting this type of disclosure.”Asked whether pension funds should divest from fossil fuels even if the returns are attractive, Carney said: “Well, that hasn’t been the case, but they could make that argument.
Shell’s gas and new energies director Maarten Wetselaar acknowledged the need for “urgent action” on climate change by companies, but he said regulators and customers need to play their part, too.
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