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The Guardian - AU
The Guardian - AU
National
Ben Butler

Australian super funds must pressure companies to cut emissions, former Bank of England chief says

Former Bank of England governor Mark Carney
Former Bank of England governor Mark Carney says governments must make clear ‘coal is going to be phased out’ so businesses, super funds and investors can follow suit. Photograph: Yui Mok/PA

Australian superannuation funds need to do more to push the companies in which they invest to slash their carbon emissions, the former governor of the Bank of England says.

But Mark Carney, who is also a former governor of the Bank of Canada and now an executive at one of the world’s biggest investment groups, Brookfield Asset Management, says funds and companies can only make progress with a clear government commitment to net zero and a clear pathway to get there.

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