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The HSBC banker has been criticized for failing to issue climate warnings

A HSBC the banker in charge of responsible investing has been criticized for offering “apocalyptic warnings”. climate change are “unreasonable.”

Stuart Kirk of HSBC Asset Management made comments in Fr. Financial Times The event “Moral Money” on Thursday, the newspaper reports.

He said that during his 25-year career in the financial industry there has always been some “nut work” that warned him of the “end of the world”.

Mr Kirk also compared the climate crisis to the Millennium Mistake, a widespread global computer crash in late 1999.

“Unreasonable, piercing, guerrilla, selfish, apocalyptic warnings are ALWAYS wrong,” he wrote on a slide accompanying his presentation, according to the FT.

It is also reported that he said, “Who cares that Miami will be under water six meters in 100 years?”, Adding: “Amsterdam has been six meters under water for centuries and it is a really beautiful place. We will deal with it. “

Mr Kirk did not question the science of climate change, but suggested that HSBC investors have more pressing issues.

His comments come amid rising climate change among the population and growing calls for banks and financial institutions to stop supporting fossil fuels and support the transition to renewable energy.

Activists condemned the comments and called for Kirk’s dismissal.

After all, O’Sullivan, a senior member of the Bank for Our Future campaign, said: “HSBC should ask Mr Kirk to resign: his comments are inadmissible and completely ignore the impact of the climate crisis now affecting the global south.

“Unfortunately, it’s probably not the only bad apple at HSBC, given its reputation for financing climate destruction.”

Nicholas More, executive director of HSBC Asset Management, said Mr Kirk’s remarks “do not in any way reflect the views of HSBC Asset Management or HSBC Group”. He added that HSBC is still striving to achieve net zero emissions by 2050.

The HSBC banker has been criticized for failing to issue climate warnings

Source link The HSBC banker has been criticized for failing to issue climate warnings

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