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HSBC in hot water after this climate change comment

Published

4 years ago

May 23, 2022

A senior banking executive has reportedly been suspended for accusing other bankers of exaggerating the financial risks of climate change

The HSBC staffer says “there’s always some nut job telling me about the end of the world.”

Suart Kirk is believed to be behind the comments, he is who is the “Head of Responsible Investing” at the bank’s asset management division.

His role involves making investments based on environmental and social issues.

Kirk reportedly gave a presentation titled “why investors need not worry about climate risk” at a conference last week.

The firm’s executives have distanced themselves from the comments.

They say they do not agree with their colleague.

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Costa Haritos

Costa is a news producer at ticker NEWS. He has previously worked as a regional journalist at the Southern Highlands Express newspaper. He also has several years' experience in the fire and emergency services sector, where he has worked with researchers, policymakers and local communities. He has also worked at the Seven Network during their Olympic Games coverage and in the ABC Melbourne newsroom. He also holds a Bachelor of Arts (Professional), with expertise in journalism, politics and international relations. His other interests include colonial legacies in the Pacific, counter-terrorism, aviation and travel.

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LIVE: U.S. and Israel launch war on Iran

U.S. and Israel escalate conflict with Iran, heightening regional war fears for the second time in eight months.

Published

22 hours ago

March 4, 2026

ticker NEWS

U.S. and Israel escalate conflict with Iran, heightening regional war fears for the second time in eight months.

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U.S. and Israel strike Iran, escalating war fears and risking wider regional conflict for the second time in eight months

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Trump claims Iran military neutralised as Strait Of Hormuz tensions surge

Trump claims Iran’s military largely neutralized; tensions rise with attacks threatening air travel and oil shipping.

Published

24 hours ago

March 4, 2026

Harvey Vargas

Trump claims Iran’s military largely neutralized; tensions rise with attacks threatening air travel and oil shipping.

President Trump says Iran’s military capability has been largely neutralised, including its navy and air force, as the conflict in the Middle East intensifies. Iranian attacks have threatened commercial air travel and oil shipping through the Strait of Hormuz, raising fears of wider economic fallout.

The U.S. Embassy in Riyadh has faced two attacks, while Gulf states worked to intercept further Iranian strikes. Officials report six U.S. troops killed and more than 700 deaths inside Iran as the exchange of fire escalates.

With global markets watching closely, the region remains on edge as military and diplomatic tensions show no signs of easing.

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Airlines face disruptions that surpass previous Middle East conflicts

Published

2 days ago

March 3, 2026

Ahron Young

What’s happening in the Middle East?

Trump says U.S. strikes could last four to five weeks and described the operation as the last best chance to act, while Secretary of State Marco Rubio warns the hardest hits are yet to come
Six U.S. service members have been killed, additional American forces are being deployed to the region, and the White House says nine Iranian naval ships have been destroyed
Iran says it sees no limit to its right to self defence and will not negotiate, as missile and drone attacks continue across Israel, Lebanon and Gulf states
More than 500 Iranians have been killed in U.S. and Israeli strikes, with further deaths reported in Lebanon, Israel and the UAE
Shipping, aviation and energy markets have been severely disrupted, more than 11,000 flights have been cancelled, Gulf stock markets have closed temporarily, and oil and gas prices have surged amid Strait of Hormuz fears