Climate Changed
Sweden’s Central Bank Ditches Bonds Issued by Major Polluters
- Securities from Alberta, Queensland and Western Australia sold
- Central banks face growing pressure to tackle climate change
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Sweden’s central bank will no longer hold bonds issued by local authorities in Canada and Australia with high carbon-dioxide emissions after yielding to critics who say it’s not doing enough to tackle climate change.
The Riksbank said on Wednesday it had sold its holdings of securities from the Canadian province of Alberta, where greenhouse gas emissions per capita are three times higher than in Ontario and Quebec. It also sold debt issued by the Australian states of Queensland and Western Australia.