It is always important what is being said and who is saying it
So when HSBC says the following, it is time to listen.
Doubts about science have been replaced by the realities of extreme events and rising commodity prices.
While we do listen, we can ask always ask questions. We can always ask: who was it that replaced the ‘doubts’ with the ‘extreme events’? Where did all this talk of “extreme events” come from?
On usual days, you can see HSBC playing silly games. In October they said that Australia was ” out of kilter with global opinion” on global warming, and now we learn, that the United States is a “significant outlier” in climate change policy. One wonders if this is true of every country HSBC could bring itself to study.
Mostly however, HSBC is famous for producing glossy and colourful reports full of amazing climate facts. Take a look at a chart from one of their reports released in 2009: Too close for comfort: The HSBC Climate Vulnerability Assessment – mapping risks for the G-20 in 2020.
Pretty amazing right? I always thought the smart people became doctors, lawyers or engineers, the slightly smarter people became scientists, but the really smart people became investment bankers and holders of stock. I am not so sure anymore.
But I would still have great fear and respect for what they say. If they say that the doubts about the science of global warming has been replaced by the fear and concern of ‘extreme events’, I will believe them. There are many things that can be done in the world.