A Republican US senator has questioned whether HSBC came under pressure to suspend a senior executive who downplayed global warming risks.
Stuart Kirk, global head of responsible investing at HSBC’s asset management division, was suspended by the bank after he told a Financial Times Moral Money conference in London last month that investors need not worry about climate risk and that “there’s always some nut job telling me about the end of the world”. The remarks were broadly approved by HSBC in advance, the FT has previously reported.
In a letter to HSBC chief executive Noel Quinn released on Monday, Steve Daines, who represents Montana, said he was “concerned that this episode may involve breaches of US law”.
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