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Bank of England risks creating ‘moral hazard’ with bonds from carbon-intensive companies, MPs warn

The Bank of England should not offer no-strings finance to major carbon producers, MPs say

A group of MPs has written to Bank of England governor Andrew Bailey to warn that the Bank risks creating a “moral hazard” by providing no-strings financing to carbon-intensive companies.

The Environmental Audit Committee (EAC) is asking Bailey to align the Bank’s corporate bond purchasing programme with the goals of the Paris climate agreement.

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U.S.’s Biggest Asian Allies Ready Last-Ditch Trade Appeal to TrumpExternal link

U.S.’s Biggest Asian Allies Ready Last-Ditch Trade Appeal to Trump