HSBC has questions to answer after ‘responsible investment’ chief’s climate rant

CEO Noel Quinn has distanced himself from the comments, but the incident has invited scrutiny of the bank’s stated commitment to net zero, writes James Moore

Monday 23 May 2022 21:30
<p>Extinction Rebellion activists protest outside HSBC’s AGM in London</p>

Extinction Rebellion activists protest outside HSBC’s AGM in London

Seems climate denialism is a tougher nut to crack than we might have hoped.

HSBC has reportedly suspended a senior banker who had accused central bankers and policymakers of overstating the financial risks of climate change. They were, Stuart Kirk opined, guilty of trying to “out-hyperbole the next guy”.

“There was always some nut job telling me about the end of the world,” Kirk explained at a Financial Times “Moral Money” event last week. He also referred to climate warnings – which have been backed by, you know, science – as “shrill”.

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