FTSE LIVE: Carney says climate change will damage pension funds; Rio Tinto miners return to work after shooting in South Africa; Small business confidence slumps to eight-year low

  • Carney said the curbing of investment into fossil fuels was too slow
  • Rio Tinto miners in South Africa return to work following a shooting
  • Confidence among small businesses in the UK has slumped to eight-year low 

By Jane Denton For Thisismoney

Published: | Updated:

Bank of England Governor Mark Carney has urged pension fund managers to wake up to climate change to stop their investments from becoming worthless.

‘A question for every company, every financial institution, every asset manager, pension fund or insurer: what’s your plan?’, Carney said when he was interviewed for Radio 4’s Today programme.

Carney told BBC Radio 4 Today that the financial sector had begun to curb investment in fossil fuels – but far too slowly. 

Elsewhere, Rio Tinto workers have returned to a South African titanium and iron mine, weeks after the shooting of an employee forced the site to close. 

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