ocean oil rig collaged with downward stock chart arrow (Photo: Shutterstock)

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

Related: Fed researcher warns climate change could spur financial crisis

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Marlene Satter

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

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