HSBC Suspends Top Banker for Accusing Policymakers of Overstating Climate Risk

HSBC Suspends Top Banker for Accusing Policymakers of Overstating Climate Risk
The HSBC bank logo is seen on a branch bank in the financial district of New York City on Aug. 7, 2019. Brendan McDermid/Reuters
Emel Akan
Updated:

A top executive at HSBC Bank has been suspended after criticizing central bankers and policymakers for exaggerating the financial risks of climate change.

The bank, according to a Financial Times report, has suspended Stuart Kirk, who is global head of responsible investing at HSBC’s asset management division. Kirk gained attention at an event last week by accusing climate change alarmists of exaggerating the financial risks in an effort to “out-hyperbole the next guy.”
Emel Akan
Emel Akan
Reporter
Emel Akan is a senior White House correspondent for The Epoch Times, where she covers the policies of the Trump administration. Previously, she reported on the Biden administration and the first term of President Trump. Before her journalism career, she worked in investment banking at JPMorgan. She holds an MBA from Georgetown University.
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