HSBC has suspended Stuart Kirk, global head of responsible investing at the HSBC’s asset management division following his presentation the Financial Times Moral Money event last Thursday, Stuart Kirk said “throughout my 25-year career in the finance industry, there’s always some nut job telling me about the end of the world”. One of the slides points out: “Unsubstantiated, shrill, partisan, self-serving, apocalyptic warnings are ALWAYS wrong,”
These statements are true, but telling the truth in an age of universal deceipt is a dangerous thing to do.
Watch the 16 minute presentation. It’s well supported, factual, and cuts the climate crisis off at the knees in terms of claimed economic and financial impacts. It turns out central banks have to introduce huge interest rate shocks into the models to get anything scary to happen. Just like the CO2 hockey jockeys introduce huge non-existant water vapour feedbacks into climate models.
But the UN’s tinpot tyrantess Christiana Figueres isn’t interested in evidence or argument. She just wants him fired.
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