Bank of England: “Climate change a ‘huge’ financial risk”

The only “financial risk” is being bilked into bankruptcy by the Green Cult and its cronies.

Watts Up With That?

climate-cash

Guest essay by Eric Worrall

The Bank of England has stepped into the climate fray, with a claim that climate change poses a huge financial risk to UK based businesses. For once I believe the Bank of England is absolutely correct (more below).

According to the Sydney Morning Herald;

Bank of England Governor Mark Carney said Britain’s insurers face potentially “huge” exposure to shifts in climate-change policy and Group of 20 nations need to do more to combat associated financial-stability risks.

“The challenges currently posed by climate change pale in significance compared with what might come,” Mr Carney said in a speech at a Lloyd’s of London dinner.

“Once climate change becomes a defining issue for financial stability, it may already be too late.”
England’s central bank has been looking into the economic and financial-stability risks posed by climate change and Carney spoke as the BoE published a report on…

View original post 444 more words

Comments are closed.

%d bloggers like this: