Carney Backs Effort for Standard Company Climate Disclosure
- FSB's proposals would end piecemeal reports on pollution
- Issue has ensnared Exxon, Peabody in probe by New York
The Challenge of Paying for Climate Change Efforts
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Bank of England Governor Mark Carney backed a global effort to bring greater transparency to the way companies disclose the risks they face from climate change, wading into a debate that has ensnared some of the biggest fossil-fuel producers.
Carney, who leads the Financial Stability Board advising the Group of 20 nations on threats to the economy, named former New York Mayor Michael Bloomberg to lead a panel that will draw up voluntary reporting standards on environmental issues. will discuss the issue at a briefing at the United Nations climate talks in Paris on Friday, according to a statement released by the FSB.