Bank of England Says to Evaluate Fossil-Fuel Investment Risk
This article is for subscribers only.
The Bank of England will evaluate whether the U.K.’s exposure to investments in greenhouse gas-emitting industries poses a risk to financial stability, Governor Mervyn King said.
Responding to a Jan. 19 letter from Climate Change Capital Ltd. and more than 20 other investors, academics and campaign groups urging a probe, King said that while there is a “question” about whether any danger exists, he’ll try to investigate investments in polluting industries further.