UK banks join pledge to come clean on climate change risks

Mark Carney says big six British banks have joined global initiative for firms to disclose climate change exposureBank of England governor Mark Carney has announced growing global support for a new initiative designed to help pave the way to a low-carbon economy by persuading firms to come clean about their exposure to climate-change risks.Speaking at the One Planet Summit in Paris, Carney said he was delighted that 237 companies with a combined market capitalisation of $6.3tn (£4.7tn) were now backing the scheme. Related: Insurance giant Axa dumps investments in tar sands pipelines Related: Banks should disclose lending to companies with carbon-related risks, says report Continue reading...