Jan 10, 2025 · Mark Carney’s global climate finance initiative has suffered its biggest blow yet with BlackRock, the world’s largest asset manager, announcing Thursday that it’s leaving the club. Once considered a leader in sustainable finance, BlackRock joins a string of large U.S. banks that have quit the climate alliance.

Jan 2, 2025 · Morgan Stanley has quit Mark Carney’s net zero banking group, joining a broader Wall Street exodus as Donald Trump prepares to re-enter the White House.

Jan 2, 2025 · Morgan Stanley & Co. LLC terminated its membership of a major climate-banking group, joining a wave of Wall Street firms that recently quit a global alliance intended to aid the reduction of greenhouse-gas emissions.

Aug 22, 2023 · Former Bank of England governor Mark Carney has been named chairman of a new board of directors at US financial information and media firm Bloomberg. Bloomberg's head of product Vlad Kliatchko...

Sep 21, 2022 · Major Wall Street banks have threatened to leave United Nations climate envoy Mark Carney's financial alliance over legal risks, the Financial Times reported on Wednesday, citing several...

Sep 25, 2024 · Mark Carney, Michael Bloomberg and other economists and philanthropists are touting carbon markets as one of the key ways of reaching net zero.

Oct 24, 2022 · Mark Carney has dismissed reports that Wall Street banks threatened to walk out of the climate-finance coalition he heads, but also said that “tension” within the group needed to be addressed.

Mark Joseph Carney (born March 16, 1965) is a Canadian economist and politician who was the eighth governor of the Bank of Canada from 2008 to 2013 and the 120th governor of the Bank of England from 2013 to 2020. He was the chair of the Financial Stability Board from 2011 to 2018.. Prior to his governorships, Carney worked at Goldman Sachs as well as the Department of Finance Canada.

Oct 29, 2021 · The veteran of central banks in Canada and the U.K. has to round up enough private capital to support climate goals set by the United Nations. It is a tough sell on Wall Street.

Sep 21, 2022 · Wall Street banks including JPMorgan, Morgan Stanley and Bank of America have threatened to leave Mark Carney’s financial alliance to tackle climate change because they fear being sued over...