The Governor of the Bank of England, Mark Carney first came to the attention of BH readers when, at the time of his appointment, it was noted that his wife Diana was (and is) a fervent supporter of the green movement (and redistribution as well as being against conspicuous consumption).
It's therefore interesting to read today that Mr Carney has told a World Bank seminar that fossil fuels must remain unused:
Mark Carney has re-emphasised his support for the idea that oil companies’ reserves could be stranded assets – still valued by investors, but ultimately going to embody losses. “The vast majority of reserves are unburnable,” the Bank of England governor said – if the world is to avoid catastrophic climate change. Thinking of hydrocarbon deposits as stranded assets has gained prominence in recent years, helped by movements like the US student drive to persuade university endowments to disinvest from fossil fuel companies. Apparently Mr Carney wants companies to report more holistically on their business strategy and "how it relates to stakeholders of all kinds, now and in the future...[so that] all groups can express their view, and influence the allocation of capital and credit today". Given Mrs Carney's views on equality, and Mr Carney's views on outsiders giving their opinions on allocation of private assets, could the Carney family please allocate some of their (considerable) capital to mine?