DD Support Board and Research Team

[12yearplan]

 Mark Carney said the financial sector had begun to curb investment in fossil fuels – but far too slowly.

 “A question for every company, every financial institution, every asset manager, pension fund or insurer: what’s your plan?

 “Now $120tn worth of balance sheets of banks and asset managers are wanting this disclosure [of investments in fossil fuels]. But it’s not moving fast enough.”

 Recently, investment bank Goldman Sachs ruled out future finance for oil drilling or exploration in the Arctic.
The bank said it would not invest in new thermal coal mines (for power stations) anywhere in the world.

It also announced plans to help its clients manage climate impacts by selling weather-related catastrophe bonds.

Insurance giant AXA said it would stop insuring any new coal construction projects, and totally phase out existing insurance and investments in coal in the EU, by 2030.

Scientists say the risks associated with an increase of 4C include a nine metre rise in sea levels - affecting up to 760 million people – searing heatwaves and droughts, and serious food supply problems.
 
https://www.bbc.com/news/business-50868717

Australia fires: Fires worsen as every Australian state hits 40C
https://www.bbc.com/news/world-australia-50938504

Sums up most in the trading game ... no understanding, no system, no money in the end