HSBC Asset Management: Common Sense Prevailed.

HSBC suspends banker over ‘nut job’ climate comments, say reports – BBC News

A good news story after some dreadful comments from Stuart Kirk of HSBC Asset Management.

Last week, Stuart Kirk, a leader in the bank’s responsible investing team, said: “There’s always some nut job telling me about the end of the world.”

In the address he made light of the risks of major floods and said that he had to spend his time “looking at something that’s going to happen in 20 or 30 years”.

During the 15-minute address at the FT Moral Money Summit, Mr Kirk said “Climate change is not a financial risk that we need to worry about.”

“Unsubstantiated, shrill, partisan, self-serving, apocalyptic warnings are ALWAYS wrong,” a slide shown as part of the presentation said.

Courtesy of The FT

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