Carney takes green investment position at Canada’s Brookfield
FORMER Bank of England governor Mark Carney is joining Canadian asset management company Brookfield to head its green investment programme in his first major business role since leaving Threadneedle Street in March.
Mr Carney, 55, who was governor of the Bank of Canada for five years until 2013 and started his career at Goldman Sachs, regularly spoke on environmental issues while at the BoE and encouraged banks to take a greater interest in the risks from global warming.
“Mark has been a vocal proponent of the positive role that private capital can play in climate action,” Brookfield chief executive Bruce Flatt said. Mr Carney had been giving Justin Trudeau, the Canadian prime minister, advice on economic policy, in addition to his role as a United Nations special envoy on climate change and finance, and helping the British Government prepare for a United Nations climate summit next year.
He will be a vice-chairman of Brookfield and oversee its environmental, social and governance-focused (ESG) investment strategies.
“An accelerated transition to a net zero economy (is) imperative for climate sustainability and one of the greatest commercial opportunities of our time,” Mr Carney said.