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HSBC’s Senior Bank gets whipped after defusing the climate crisis – Is it up for that?


Essay by Eric Worrall

h / t Vuk; “There is always some crazy work telling me about the apocalypse”, “the apocalypse warnings are ALWAYS false”. From HSBC bank Stuart Kirk frankly shares his frustration with climate alarmists’ lack of economic understanding, and the unrealistic assumptions he is being pressured to put into climate economic models to make they produce interesting results.

HSBC bankers are furious after accusing policymakers of exaggerating climate change

Stuart Kirk also claims central banks have engineered climate stress tests to yield alarming results.

Harriet Agnew, Simon Mundy and Stephen Morris in London

The global head of responsible investing at HSBC Asset Management has come under fire after accusing central banks and policymakers of over exaggerating the financial risks of climate change in the recent past. attempts to “hype the next guy”.

Speaking at a Financial Times Moral Money event on Thursday, Stuart Kirk said that during his 25-year career in the financial industry “there’s always been some dreary job telling me about the apocalypse,” for example. The climate crisis with the Y2K bug predicts a widespread computer crash at the turn of the millennium.

“The unwarranted, jarring, partisan, self-serving, apocalyptic warnings are ALWAYS false,” he wrote on the slide accompanying his presentation.

Read more: https://www.ft.com/content/1716d9fb-4c8f-4d05-a6b4-bb02a48a73a4

A video of Stuart’s speech;

The video is straight to the point, entertaining, well worth watching. Stuart is fed up with the government asking him to waste time examining climate risks that he knows are a pointless exaggeration, so he doesn’t take any punches. In this video, he shares his frustration.

Stuart’s video also contains a call for regulators to respond to pragmatism over the current economic crisis, which Stuart stresses has nothing to do with climate change.

You got my vote, Stuart. I hope Stuart keeps his job. His views are clearly contested, but these days clarity and honesty sometimes get you in trouble. Stuart is making lots of flames for his candlelight.



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