HSBC suspends banker who played down 'unsubstantiated, shrill' climate warnings
Chief executive distances company from comments by Stuart Kirk at London conference British financial company HSBC has distanced itself from comments by a senior banker in which he played down fears over climate change as “unsubstantiated, shrill, partisan, self-serving, apocalyptic warnings”. Stuart Kirk was suspended from HSBC pending an investigation , the Financial Times reported, after his remarks prompted a rebuke from the company’s chief executive, Noel Quinn. Mr Kirk had addressed a conference called Moral Money with a presentation entitled “Why investors need not worry about climate risk”, in which he told the audience there was “always some nut job telling me about the end of the world”. “Who cares if Miami is six metres underwater in 100 years? Amsterdam has been six metres underwater for ages and that’s a really nice place,” he told the London event. Mr Kirk was appointed as the head of HSBC’s responsible investing unit in July 2021, a role that involves looking at th...