Why funds managers must come clean on climate risks
18 May 2016
Superannuation and other fund managers should be telling customers just how big a risk climate change is to their investments, says the government’s financial markets regulator.
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Banks, investment funds and superannuation funds are coming under increasing pressure from the divestment movement to remove fossil-fuel investments from their portfolios, and Bank of England governor Mark Carney has repeatedly warned that stranded fossil-fuel assets could severely damage the global economy.
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Story copyright © Carbon News 2016
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