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10.06 - 04:11
09.06 - 02:11
HSBC exec suspended after ‘who cares if Miami is six metres underwater in 100 years?’ remarks
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HSBC has suspended its asset management arm's global head of responsible investing following comments he made about climate change at a London conference last week — remarks that have drawn criticism from the bank's chief executive and other senior leaders.
Stuart Kirk, who was speaking at a Financial Times Moral Money conference in London on 19 May, gave a speech titled “why investors need not worry about climate risk” in which he criticised central bankers and policymakers for overstating climate risks by trying to “out-hyperbole...
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