Wall Street Banker Slips Up & Exposes Corporate Stance On Climate Change

A banking executive is in hot water for saying that nobody cares if Miami is underwater in 50 years due to climate change. Mike Papantonio & Farron Cousins discuss more.

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*This transcript was generated by a third-party transcription software company, so please excuse any typos.

A banking executive is in hot water for saying that nobody cares if Miami is underwater in 50 years due to climate change, he really really said that. One of the HSBC who, oh, by the way, are criminals that admitted that they were criminals. Admitted that they were washing money for terrorists, washing money for drug cartels, admitting that they knew their washing money was going to kill Americans, soldiers, contractors, not just Americans, but people all over the world. Admitted that they knew that. Admitted that they made a hundred billion doing it. And then they were only fined $1.6 billion. They made a hundred billion, did I say million? A hundred billion dollars. So these are the same people. Tell us the story about this cat, stands up and says this.

Yeah, you've got Stuart Kirk, who is actually the head of responsible investment, I mean, responsible investment. He goes to this conference and he stands up and he says, listen, nobody cares if Miami's gonna be under six meters of water a hundred years from now, or even 50 years from now, you know, so that shouldn't affect any of your investments. And what he did, not just this horrible statement, but he is really exposing this corporate mentality of climate or, or even the congressional mindset of climate change is, who cares? Because we're all gonna be dead.

Yeah. It's a climate change story. We say it all the time. This isn't gonna get any hits on this network. It never, people don't care about climate change. They say they do, you know, when they're trying to, when they're trying to send a signal, I guess that they really care, but they won't go to this story. They won't follow this story. But I gotta tell you something. This is what this guy says. These are his words. At a big bank like ours what do people think the average loan length is? It's six years. What happens to the planet in seven years is actually irrelevant. It's not our problem. It's on our loan book. For coal, what happens in seven years is irrelevant. This is the guy standing up in front of a huge room of bankers who are applauding him saying, yeah, yeah, yeah. Who cares? This is the corporate mentality. This is why we can raise hell about climate change and nobody pays it attention because you have these piggish psychopaths, these oddball piggish psychopaths and now finally the veil is removed one more time. We see what, that they're a bunch of pigs at the trough. That they don't care about this planet. It's not gonna go anywhere. This will, this.

Yeah.

I'll be honestly surprised if we got 10,000 visits on this story, by the time it's over.

I will say, it's very funny you read that because I actually had it marked and starred right here to read as well, because that is the quote folks. That is exactly what he said and that's the corporate mentality.

Yeah.

It goes from the banks to the insurance companies all the way through the halls of Congress. It doesn't matter because we're only thinking six years into the future. We don't have to think 10 or 20 years into the future.

Yeah.

We'll be dead or our investments will be paid off. So then whoever got a loan for us to buy a house in Miami, it's their problem. They've paid it off.

Right, right. Who cares if your grandchildren are drowning? Who, who cares? These are pigs.

Yep.

Pigs at the trough. They're not dressed up like pigs. They're dressed up in nice looking suits. But they're pigs. They're psychopathic pigs who, who, who, who make money at the expense of the rest of this planet.

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