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Carbon Capital: How the City bankrolls climate change

World Development Movement, March 2013


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Resource information:
Resource IDwdm20131
Resource titleCarbon Capital: How the City bankrolls climate change
Author/sourceWorld Development Movement
Date publishedMarch 2013
Summary text/ abstractThe City of London is at the heart of the UK financial sector. It's where shares are traded, corporate lending is arranged, and all manner of bets are made on the future price of commodities like oil. Through the Corporation of London, it maintains a powerful lobby for lower business taxes and fewer regulations. And while the UK finance sector is keen to talk up its green credentials, in reality it is bankrolling a global fossil fuels boom, driven on by high oil prices, a dash for gas in electricity supplies, and soaring global demand for coal.
Library categoriesClimate Change, Economics, Energy, Extreme Energy, Politics
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file iconCarbon Capital: How the City bankrolls climate change [1.2 megabytes]
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