Mark Carney reckons most fossil fuels “un-burnable”

Governor of the Bank of England Mark Carney appears to agree most fossil fuels can’t be used if the world is to avoid climate change. At a World Bank event on Friday, he is quoted as saying: “The vast majority of reserves are unburnable.” This is a reference to the idea of a so-called carbon bubble […]

UK to introduce ‘greener’ plastic banknotes in 2016

Plastic banknotes which are believed to be more environmentally friendly than the current cotton paper currency are set to be issued in the UK in the next three years. The Bank of England made the announcement this week following a three year research programme and public consultation. The new polymer banknotes (pictured) will replace the […]

“All eyes” on Bank of England boss for effect on gas prices

“All eyes” will be on the new Governor of the Bank of England tomorrow morning in case he announces a new policy direction which could have a knock-on effect on gas prices, according to energy market experts. Whatever the Bank’s new Canadian boss Mark Carney announces during a press conference on inflation targets at 10.30am, […]