Bank of England governor Mark Carney has reiterated his warnings over the risks of financial exposure to fossil fuels, saying pension funds were particularly vulnerable as oil, coal and gas investments could become “worthless” over time. Up to 80% of global coal assets and up to half the world’s proven oil reserves could become stranded assets as the world moves to curb carbon emissions and supplies of clean, renewables energy continue to replace fossil fuels, Carney told BBC Radio 4’s Today program Monday. Despite continued attractive returns from oil majors and some coal miners, pension funds should consider telling their clients that it is better to become cutting fossil fuels […]