The UK Government and Bank of England must not be complacent about the risks of carbon exposure in the world economy, said Committee chair Joan Walley MP. Financial stability could be threatened if shares in fossil fuel companies turn out to be overvalued because the bulk of their oil, coal and gas reserves cannot be burnt without further destabilising the climate, she said. bbc/news/science-environment-26455763
Posted on: Sat, 08 Mar 2014 02:27:04 +0000