HSBC's Stuart Kirk tells FT investors need not worry about climate risk

HSBC's now suspended Asset Management's head of responsible investment Stuart Kirk speaking at the FT Live Moral Money Summit Europe conference, accuses central bankers and policymakers of overstating the financial risks of climate change.

Just consider three comments made during his presentation:

“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.” Stuart Kirk Head of Responsible Investments

“The average loan length in a big bank like ours, HSBC, is six years. What happens to the planet in year seven is irrelevant.” Stuart Kirk Head of Responsible Investments

“There’s always some nut job telling me about the end of the world.” Stuart Kirk Head of Responsible Investments