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Climate Change and HSBC

“Climate change is not a financial risk that we need to worry about..there’s always some nut job telling me about the end of the world.”

Banks are “neglecting more pressing problems in order to consider climate risks. I work at a bank that is being attacked by crypto, we’ve got regulators in the US trying to stop us, we’ve got the China problem, we’ve got a housing crisis looming, we’ve got interest rates going up, we’ve got inflation coming down the pipes, and I’m being told to spend time and time again looking at something that is going to happen in 20 or 30 years hence, the proportionality is completely out of whack. Humanity should be focused on adapting to a changing environment”

“Who cares if Miami is six meters underwater in 100 years, Amsterdam’s been six meters underwater for ages, and that’s a really nice place. We will cope with it.”

Stuart Kirk, HBSC (Fined $6,512,909,407 since 2000) - Head of Responsible Investing



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