Noel Quinn, HSBC CEO, said remarks made by Stuart Kirk ‘are inconsistent’ with the bank’s strategy. Stuart Kirk also said: ‘Who cares if Miami is six metres underwater in 100 years? Amsterdam has been 6 metres underwater for ages, and that’s a really nice place. We will cope with it.’ The bank 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. Mr Kirk also criticised central bankers and policymakers for overstating climate risks by trying to ‘out-hyperbole’ in a speech titled ‘Why investors need not worry about climate risk’ He was speaking at a Financial Times Moral Money conference in London . . .
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