Bank of England criticised for financing carbon-intensive firms
The Bank of England has been criticised by MPs for providing finance to carbon-intensive companies without attaching environmental strings.
The Environmental Audit Committee (EAC) has written to the Bank's governor, urging him to ensure any firms receiving Bank finance should disclose their climate-related activities.
The letter adds to the drumbeat for change in the financial sector.
The Bank said it was committed to reducing its impact on the climate.
It added it would reply to the MPs in due course
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