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For any copyright, please send me a message. Speaking as climate change protestors brought chaos to London and other major cities, Mr Carney said the risk of abrupt financial collapse would continue to grow the longer action to reverse emissions was delayed. He told the Guardian disclosure by companies of the risks posed by climate change to their business was key to a smooth transition to a zero-carbon world as it enabled investors to back winners. He said: “There will be industries, sectors and firms that do very well during this process because they will be part of the solution. “But there will also be ones that lag behind and they will be punished.” Mr Carney said the financial sector had to face up to dangers of increasing extreme weather disasters to a potential fall in asset values such as fossil fuel company valuations. The Bank of England has warned up to £16tn of assets could be wiped out if the climate emergency is not addressed effectively. Scotland Yard today confirmed 1,309 people had now been arrested in connection with the ongoing Extinction Rebellion protests across London. Thousands of protesters marched through London's best-known shopping street yesterday in what they called a funeral march to express their grief and rage over climate change. Carrying skeletons, a large skull and a banner saying "Act Now", the protesters marched down Oxford Street to mark the middle weekend of a two-week campaign of civil disobedience. A post on social media by protest organisers said: "We unite in grief, rage and love for life on Earth." Earlier, police arrested members of Animal Rebellion after they staged a demonstration at Billingsgate Fish Market in east London. Trending The animal rights group stopped traffic from entering the market, leading to multiple arrests. The Metropolitan Police said 23 arrests had been made at Billingsgate. A spokesman said 22 of those arrests were for failing to comply with a condition imposed under Section 14 of the Public Order Act. One person was also arrested for aggravated trespass. Extinction Rebellion rose to prominence in April when it caused traffic chaos in central London for 11 days. The group wants governments to take more radical steps to reduce greenhouse emissions. It also wants to promote a rebellion against the political, economic and social structure of the modern world to avert the worst case scenarios outlined by scientists studying the climate.
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