Government settles climate risk to bonds case, makes a key concession
Hannah WoottonReporter
The federal government has been forced to acknowledge the potential risks of climate change on the value of sovereign bonds, settling a landmark case on Monday that alleged it had misled or deceived investors.
Approving the settlement, Federal Court judge Bernard Murphy said global warming was likely to be a “huge drain on Commonwealth resources”.
Loading...
Subscribe to gift this article
Gift 5 articles to anyone you choose each month when you subscribe.
Subscribe nowAlready a subscriber?
Introducing your Newsfeed
Follow the topics, people and companies that matter to you.
Find out moreRead More
Latest In Financial services
Fetching latest articles