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Climate induced GFC a 'very real' risk: Hewson

Former Liberal leader John Hewson has said that over-investment by banks and pension funds in carbon-exposed industries could lead to a global financial crisis that dwarfs the 2008 crash.

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Read more: HewsonANZCBAInvestmentANUANU Vice Chancellor Ian YoungFormer Liberal leader John HewsonWestpac AGMAbbott cabinetACCRAsset OwnersAustralasian CentreCanberra TimesCNU Vice Chancellor Ian YoungCommonwealth BankDisclosure ProjectGFCHoward PenderHunter ValleyNABPrime Minister