Carney wrote an article in the Guardian published on 17 April 2019, “If some companies and industries fail to adapt to this new [anti-carbon] world, they will fail to exist.”
So enamoured of his own phrase, he repeated it five months later in his UN Climate Action Summit speech on 23 September 2019: “Firms that align their business models to the transition to a net zero [carbon] world will be rewarded handsomely. Those that fail to adapt will cease to exist.”
He also told the Climate Action Summit that all investments, at least all energy-related investments, will have to become green to be permitted – one of “50 shades of green,” as he put it.
On 22 September 2019, the day before the Climate Action Summit, he gave a speech during what law firm Lathan & Watkins referred to as an “insurance industry event” in which Carney said: “Changes in climate policies, technologies and physical risks in the transition to a net zero world will prompt reassessments of the value of virtually every asset. The financial system will reward companies that adjust and punish those who don’t.”
At this point, it’s worth recalling that Carney, in his opening speech at the City of London’s 2020 Green Horizon Summit, said that total net zero transition represents “the greatest commercial opportunity of our time” and “our objective for COP26 is to build the framework so that every financial decision can take climate change into account.”
Every financial decision means EVERY financial decision. Carney has led the campaign for a green digital crypto-currency to replace the US dollar. Since his announcement of this crypto plan on 22 August 2019, the Bank of Canada quickly fell into line declaring its support of the agenda.
Carney’s colleagues in the United Nations Conference on Trade and Development amplified this message a couple of months later saying:
“What is needed is a Global Green New Deal that combines environmental recovery, financial stability and economic justice through massive public investment in decarbonising our energy, transportation and food systems while guaranteeing jobs for displaced workers and supporting low carbon growth paths in developing countries… through the transfer of appropriate technologies”.
Hellbound and Down 