Stuart Kirk is the global head of responsible investing at HSBC Asset Management. He said 'nutjobs' were always predicting the 'end of the world'
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Storm over banker’s anti-climate change tirade: HSBC faces calls to sack financier over speech saying ‘who cares if Miami is underwater’ and ‘nutjobs are always warning about end of world’

  • A top HSBC banker went on a tirade about how climate change affects finance 
  • Stuart Kirk’s commented that ‘nutjobs are always warning about end of world’ 
  • The head of responsible investing added ‘who cares if Miami is underwater’
  • Banking chief Nicolas Moreau said Kirk’s opinions ‘do not reflect views of HSBC’

A major bank is facing calls to sack one of its top financiers over a climate change tirade he made where he said ‘who cares if Miami is underwater’ and ‘nutjobs are always warning about end of world’.

Stuart Kirk, the global head of responsible investing at HSBC Asset Management, made an anti-climate change speech at a conference this week. 

HSBC, one of the biggest banks in the world, was forced to condemn his comments he made at a conference on Thursday during a talk called Why Investors Need Not Worry About Climate Risk.

Mr Kirk said: ‘I feel like it’s getting a little bit out of hand, the constant reminder that we are doomed.

Stuart Kirk is the global head of responsible investing at HSBC Asset Management. He said 'nutjobs' were always predicting the 'end of the world'

Stuart Kirk is the global head of responsible investing at HSBC Asset Management. He said ‘nutjobs’ were always predicting the ‘end of the world’

He added: 'Who cares if Miami is six metres underwater in 100 years? Amsterdam has been six metres underwater for ages and that's a really nice place.' Pictured: Front side beach, Miami (File image)

He added: ‘Who cares if Miami is six metres underwater in 100 years? Amsterdam has been six metres underwater for ages and that’s a really nice place.’ Pictured: Front side beach, Miami (File image)

‘There’s always some nutjob telling me about the end of the world.

‘What bothers me about this one is the amount of work these people make me do, the amount of regulation coming down the line.’

He added: ‘Human beings have been fantastic at adapting to change, adapting to climate emergencies, and we will continue to do so.

‘Who cares if Miami is six metres underwater in 100 years? Amsterdam has been six metres underwater for ages and that’s a really nice place.

Mr Kirk has been a banker for close to 30 years. He decried how many climate change regulations were making more work for him

Mr Kirk has been a banker for close to 30 years. He decried how many climate change regulations were making more work for him

He said: 'Human beings have been fantastic at adapting to change, adapting to climate emergencies, and we will continue to do so'

 He said: ‘Human beings have been fantastic at adapting to change, adapting to climate emergencies, and we will continue to do so’

‘I don’t doubt the science but we do need to adapt.’

While HSBC refused to say whether Kirk was at risk of losing his job because of the comments, the bank’s asset management chief Nicolas Moreau said Kirk’s opinions ‘do not reflect the views of HSBC Asset Management nor HSBC Group in any way’.

He added: ‘HSBC regards climate change as one of the most serious emergencies facing the planet, and is committed to supporting its customers in their transition to net zero and a sustainable future.’

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