Stuart Kirk, the head of responsible investing for the bank’s asset management division, said the risks of climate change had been overblown. “Who cares if Miami is six meters underwater in 100 years?”
Lenders and investors, under pressure to act on climate change, have stopped funding Alberta's vast oil-sands developments, and the province is fighting back.
Donald Trump may think climate change is a hoax, but investors managing some $30 trillion of assets are increasingly prodding the world’s biggest polluters to come up with stronger green strategies.
