11 BIG BANKS BACK CARNEY’S CLIMATE FINANCE CAMPAIGN

Eleven major banks including RBC and TD said they’ll seek ways to address the financial risks of global warming, after Bank of England Governor Mark Carney urged investors to act on the threat. The group, representing more than $7 trillion, started a pilot project to implement the recommendations of a task force set up by Carney to increase financial reporting standards on issues related to the environment, according to a statement from the United Nations Environment Finance Initiative on Tuesday.

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