Stuart Kirk's insistence investors do not need to worry about climate risk fundamentally misunderstands both climate change and risk. The first thing to say about this week's explosively contrarian speech from Stuart Kirk, global head of responsible investing at HSBC Asset Management, on "why investors need not worry about climate risk" is that this is not really about Stuart Kirk. The sneering impressions of environmental campaigners may have been all his own work, but the argument he espoused is one shared by many investors and top executives. It is an open secret that while conce...
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