HSBC suspends senior banker over claims climate warnings are ‘shrill’ – reports

Lending giant HSBC has reportedly suspended a senior banker after he dismissed climate change warnings as “unsubstantiated” and claimed central bankers have exaggerated global warming risks. Stuart Kirk – head of responsible investing at HSBC – has been suspended while the bank carries out an internal investigation into a controversial presentation he made at an event in London last week, according to the Financial Times, which first reported the story. The bank has come under pressure to sack Mr Kirk after he told a conference there is “always some nut job telling me about the end of the world” and showed slides stating that “unsubstantiated, shrill, partisan, self-serving, apocalyptic warnings are ALWAYS wrong”. I do not agree – at all – with the remarks made at last week’s FT Moral Money Summit. Our ambition is to be the leading bank supporting the global economy in the transition to net zero Noel Quinn, HSBC chief executive In the presentation, entitled “Why investors need not worry about climate risk”, he accused officials at the United Nations and the Bank of England of overstating the financial risks of climate change. “Who cares if Miami is six metres underwater in 100 years? Amsterdam has...

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