 I'm represent positive money and we're a organisation in NGO trying to do research in campaigns to reform the money and banking system so it's fairer, more democratic and sustainable. We actually own polled a lot of our supporters, we represent thousands of supporters across the country and over a thousand came back and they actually said that 22% of them said that climate change that climate change is the most pressing issue for the Bank of England right now, 35% setting inequality, 19% said risk of financial crash, 13% high private debt, 9% high house prices, 1% inflation etc etc. It shows you what a good job we're doing on inflation. Anyway the point is I think a lot of people feel that the Bank of England isn't doing enough about climate change Mynd i chi'n gweld y PPC yw hwn i wedi ceisio y fan hyn yn 12 ymgyrchu, ac yn y gallwch chi'n bryd o'r dysglosio, ac mae'n ddifeniau'n fydd yn mynd i edrych. Mae'r Bank of England yn ei gweithio i fynd i ddechrau'r maith. mae'n bwysig ei'r cyffredinol ar dweudio cyhoeddion 10 miliwn ffordd neu'r ddweudio'r ddeunydd, yn ffosgol ffordd i gael, a chyfodd yr ysgolwch ei wedi cael ei wneud ar y swyddiadau gwahanol. Mae'n ddweud i gydag y byddiol, oherwydd mae'n gweithio'n ddweudio'r ffordd i'n ddweudio'r ddweudio'r ffordd. Rydyn ni'n gydig i'r sgwp ffordd yn siaradol. o ffordd, i'w ffinansiol, yw ydych chi'n meddwl ymweld hwnnw yn ffordd o ffodol. Yn ymdweud yw... Yn ymdweud yw... Prydych chi rydyn ni? Yn ymdweud. Prydych chi'n meddwl ymdweud? Rydyn ni'n defnyddio chi'n meddwl i'r ysgol. Rydyn ni'n meddwl i'r ysgol a'i meddwl i'n meddwl i'r hyn o gyflynyddoedd yn gorffydd. Yn ymdweud yma, ond yw'n meddwl i'w fathogwch nesaf. Mae gyn gallwch, ffagafol, o hytrif, Ac mae gynnodd, os y gydig iawn, oedd ymweld ysgrif wedi'i Fedor Cymru. Felly mae'n gydig i ddoriadau yn gwyllwn yn ei wneud hynny. Ond y gyrhaf sydd wedi'u cyhoedd o gyrhaf, ond y gyrhaf yw f Theatre, ond y gyrhaf yw hanfael amser hon yn y Unedig Cymru, ond ond y gyrhaf yn y gyrhaf unedig gyrhaf ar y parpus. So we have very specific responsibilities that are given to us by governments, and our responsibilities are the thing that your poll is least worried about, monetary stability, inflation being low stable predictable, and the health of the financial system. So what we have said with respect to climate is that we can see a future risk, in some cases an insurance for example, that it has present implications, but for banks and others it's a future risk that the system has to get ready for, and I think it's fair to say that we have led amongst central banks in this thinking, but it's certainly amongst the leaders if not the leader in thinking about how the system has to get ready for the risk. Now the second thing is that, and we have catalyzed a lot of changes internationally, that $100 trillion figure is a significant, that is more, that's 20% more than global GDP. Again to put a number around it just in terms of the scale of interest in which companies are taking these risks seriously, which companies aren't, which have opportunities, which are part of the problem, which are part of the solution, that's what that means. Now disclosure is disclosure about what your risks are, where your opportunities are, how much greenhouse gases you emit, how much you plan to emit in the future, those types of issues. Disclosure is not making those decisions for companies, it's either you're there or it's providing the information for the market to then make a decision. With respect to, and last point, with respect to the purchases that the bank makes, if the bank ever makes purchases of securities, whether they're gilts of government bonds issued by Her Majesty's Government, or in the case that you referenced corporate bonds issued by companies, we are very conscious to make those purchases in a way that doesn't distort the market, because if we distort the market we are making, unelected officials are making a political decision. If somebody wants to change the tax system, if somebody wants to accelerate our climate policies, if somebody wants to build more schools or hospitals or fewer, for that matter, those decisions are taken by elected officials through Parliament. If somebody is concerned about keeping inflation low, stable, predictable, a financial system being secure, and adjusting the future of the financial system in a way that's consistent with those, that responsibility is devolved in a very specific way to the Bank of England. We can affect those, and climate comes into that in the sense of what the future of the system might be. Do you mind if I add very quickly that mark, which is just to say remember that that decision on that aspect of QE was by a committee of people, a monetary policy committee that is directly accountable to Parliament, and that committee on which the Government and I have said, and they thought, you know, considered that very carefully, and it was very clear that everyone on that committee, including the four external members, who have no business but to account to Parliament on all these questions, that is their only reporting line. They don't work for the Bank of England. We're very clear that it was very important that we should step back and buy what the market was rather than skewing decisions this way and that. And that is their primary responsibility. Hang on. It is monetary policy. Is their responsibility, their responsibility is to hear the inflation target, nothing else. And I think it's quite important that people fulfil the responsibilities they're asked to fulfil on more other thickness, which is what I'm talking about.