Mark Carney


Mark Carney: Credible net-zero plans crucial for future financing

Former Bank of England Governor Mark Carney has urged businesses to establish credible net-zero strategies, warning that firms that fail to do so could struggle to secure future investment from banks and investors and risk alienating the consumers that will ensure their future profitability. In prepared remarks for a speech...
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Companies should pay more for pollution, says UN special envoy on climate action Mark Carney

Companies should be paying more for the pollution they generate, says Mark Carney, the United Nations special envoy on climate action and finance. "They've been set far too low — single digits on average globally, well short of the estimated $80 to $100 a ton needed by the end of this decade to keep us on track to net zero," he said during a virtual event organized by the INSEAD Hoffmann Global Institute for Business and Society.
PoliticsPosted by

Does banker Mark Carney have his eyes on Canada's top prize?

OTTAWA, April 15 (Reuters) - Mark Carney, who has led central banks in two Group of Seven nations, may be running out of time to enter politics in his native Canada and become a contender to replace Prime Minister Justin Trudeau. Speculation is rising inside the ruling Liberal Party that...
Energy IndustryPosted by
The Independent

Mark Carney should call a moratorium on new fossil fuel investments – or resign as UN Climate Finance Envoy

Can Mark Carney, former governor of the Bank of England, be both a leading climate finance negotiator – and an oil sands and coal private equity senior executive? The reason I pose this question is because Carney, as UN Climate Finance Envoy, is one of the most powerful people overseeing negotiations on climate finance in the lead up to November’s UN’s Climate Summit, Cop26.Unless CoP26 agrees an immediate moratorium on new fossil fuel investments, it will be almost impossible to avoid civilisational collapse, as the UK Environment Agency chair, James Bevan, has already warned.Carney gained praise as governor of...
Books & LiteratureThe Guardian

Value(s) by Mark Carney review – call for a new kind of economics

This weighty assault on the modern free market by the former governor of the Bank of England is a landmark achievement. If 25 years ago anyone had suggested that one of the world’s most prominent ex-central bankers would launch an intellectual broadside at free market fundamentalism for shredding the values on which good societies and functioning markets are based, I would have been amazed. If, in addition, it was suggested he would go on to argue that stakeholder capitalism, socially motivated investing and business putting purpose before profit were the best ways to put matters right, I would have considered it a fairy story. Although writing in this vein in the mid-1990s made my book The State We’re In one of the past century’s political bestsellers, the newly elected Labour government was terrified of going near most of it for fear of being cast as anti-business and interventionist. Now Mark Carney, governor of the Bank of England until this time last year, has turned his hand to driving ideas once considered eccentric into the mainstream.
EconomyNew Scientist

Mark Carney interview: Rethink capitalism to solve the climate crisis

MARK CARNEY made his name as a sound steward of money. He entered the public eye in 2008 when he was appointed governor of the Bank of Canada at the age of just 42, and his swift and decisive interventions there are credited with helping the country weather the storm of the global financial crisis better than any other rich nation. From 2011 to 2018, he was chair of the global Financial Stability Board, established in the wake of that crisis to strengthen oversight of the world’s banks and try to avoid a repeat. In 2013, Carney was appointed governor of the Bank of England, the first non-Briton to oversee the UK’s central bank since it was established in 1694.
EconomyThe Guardian

Mark Carney: ‘I didn’t want the Bank of England job. But I was asked to fix something’

Mark Carney is no ordinary banker. He is the banker’s banker, the superstar banker, the George Clooney of banking, possibly even the James Bond of banking. The accolades bestowed on him are many: he was named one of the 100 most influential people in the world by Time magazine in 2010, the world’s most trusted Canadian in 2011, and hailed as Britain’s most influential Catholic (by The Tablet) in 2015.
BusinessSilicon Republic

Who is Mark Carney, Stripe’s newest board member?

The growing payments company is adding financial heavyweights to its board of directors. Fintech giant Stripe has added Mark Carney to its board of directors. The news comes just a few days after the San Francisco company – founded by Irish brothers Patrick and John Collison – was reported to be planning a new primary funding round valuing it at more than $100bn.

Former BOE Governor Mark Carney Joins Stripe

Stripe, an online payment processing company, announced that the former Governor of the Bank of England (BOE) and the Bank of Canada (BOC) Mark Carney has joined the company’s board of directors. Carney is currently serving as the Vice-Chairman of the Toronto-based Brookfield Asset Management. According to the official announcement,...

Former Bank of England Governor Mark Carney Joins Board of Stripe

the former Bank of England Governor, has joined Stripe’s board of directors. Carney joins the board in advance of a new funding round that is said to value the Fintech at between $70 to $100 billion, according to reports. In early 2020, Stripe raised over $630 million from 20 investors.

Stripe Sees Former BoE Governor Mark Carney Join Board Of Directors

Stripe, a US-based payments company dedicated to the development of new commerce solutions for the Internet, has recently added a brand new member to its Board of Directors: Mark Carney. Carney joins up with Stripe after having served in the Bank of England (BoE) as one of its crypto pioneers.