Climate change is costing us

The chief executive of BT has become the first boss of a British company to admit that climate change is already affecting his company, and that environmental damage could threaten the stability of the world’s financial system.

Talking exclusively to The Observer, BT boss Ben Verwaayen reveals that extreme weather in the form of flooding and high winds has hit BT’s British operations, and he fears that this is just the beginning.

He says: ‘Since the beginning of the year, the media has been showing us images of Greenland glaciers crashing into the sea, Mount Kilimanjaro devoid of its ice cap and Scotland reeling from floods and gales. All down to natural weather cycles? I think not.

The Observer