A warning on fossil fuel pension holdings: Don't get left holding the bag

BOE's Carney warns pension funds and other investors could incur massive losses as fossil fuel investments become 'worthless.'

By Marlene Satter | January 09, 2020 at 03:51 PM

ocean oil rig collaged with downward stock chart arrow

With fires raging in Australia and floods ravaging Indonesia,Mark Carney, outgoing governor of the Bank of England, warned thatpension funds too could be in a world of hurtif they end up holding the bag on fossil fuel assets.

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Marlene Y. Satter has worked in and written about the financial industry for decades.

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A warning on fossil fuel pension holdings: Don't get left holding the bag

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1 Here's what self-funded health plans pay indie carriers for administration

2 Pennsylvania governor signs pharmacy benefit manager bill

3 DOL's new fiduciary rule on hold, as judge grants insurer groups' request for injunction

4 House Republican proposes making PBMs fiduciaries

5 Medical stop-loss premiums rise 11.5% for self-funded plans

Financial planning webinars: A new way to highlight a company's full benefits package

DOL's new fiduciary rule on hold, as judge grants insurer groups' request for injunction

IRS: New guidance on required minimum distributions, reflecting SECURE 2.0 changes

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A warning on fossil fuel pension holdings: Don't get left holding the bag

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1 Here's what self-funded health plans pay indie carriers for administration

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3 DOL's new fiduciary rule on hold, as judge grants insurer groups' request for injunction

4 House Republican proposes making PBMs fiduciaries

5 Medical stop-loss premiums rise 11.5% for self-funded plans

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