Sunday, July 17, 2016

MARK CARNEY: ALARMIST-IN-CHIEF

Carney was introduced as the former governor of the Bank of Canada “whose calm and steady hand helped guide our country, and arguably the global financial system, on the heels of the global financial crisis.” And today “the world again is looking to him as we face uncertainty in the wake of Brexit.”  And also now, apparently, the world continues to turn to Mark Carney for climate change salvation.
Terence Corcoran of the National Post tears a strip off Carney for portraying climate change as a potential financial catastrophe unless steps are taken now by the world’s financial players to integrate climate and carbon risks into all their decision-making and financial disclosure.
 

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