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HSBC Exec Suspended For Telling The Truth On Climate Crisis (scam)

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Well, I’d love to go with the Wall Street Journal piece

A Financier Tells Some Climate-Change Truths
And for doing so, Stuart Kirk was suspended by HSBC.

HSBC executive Stuart Kirk gave a presentation at an investor conference last week, taking banking regulators to task for overbaking the financial risk of climate change. What was he thinking? As punishment for his heresy, the British bank has sent him to re-education camp.

But, the rest is behind a paywall. So

(NY Post) British banking giant HSBC has suspended a top executive who argued during a recent public presentation that the financial risks of climate change were overblown and exaggerated by central bank officials and other policymakers.

The suspended employee, Stuart Kirk, is global head of responsible investment at HSBC’s asset management division. He made the remarks during a presentation titled, “Why investors need not worry about climate risk.”

Kirk stated his view that warnings about climate change have “become so hyberbolic that no one really knows how to get anyone’s attention at all.”

“I wouldn’t normally mind that. Twenty-five years in the finance industry, there’s always some nutjob telling me about the end of the world,” Kirk said. “I’ve dealt with gold bugs my entire financial career, the roof’s going to cave down, Y2K. Does anyone remember Y2K, anyone old enough? The lifts didn’t stop.” (snip)

But sources familiar with the presentation’s planning told the outlet that its “theme and content” were “agreed internally” before the event took place.

It’s dangerous to tell the truth these days, if it goes against the Approved Doctrine.

Kirk had acknowledged that his stance that climate chance was not an existential financial risk would be taken as “heresy” among policymakers.

His speech began with a slide declaring that “unsubstantiated, shrill, partisan, self-serving, apocalyptic warnings are ALWAYS wrong.” The slide included commentary from the Bank of England, the United Nations, the World Economic Forum and others who have warned that climate change poses a major risk to global economies.

Heresy!

The post HSBC Exec Suspended For Telling The Truth On Climate Crisis (scam) appeared first on Pirate’s Cove.



Source: https://www.thepiratescove.us/2022/05/24/hsbc-exec-suspended-for-telling-the-truth-on-climate-crisis-scam/


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