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We probably did not watch the same speech. Spent as head of responsible investing, minutes complaining about the amount of work his team has to do while addressing climate change concerns. Made it worst by providing the example of Y2K and how come the world did not end and the elevators did not stop...

They did not stop because of Y2K mitigation work...

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I think that the head of responsible investing at a major bank is fully within his job's description by stating his opinion that climate risk is very low compared to all the other risks to investing and the economy and that he therefore thinks that his team spends too much time on the topic because of the hyperbole surrounding it (his words).

They didn't stop because Y2K was mitigated successfully, which is his overall point if I understood the talk correctly. At the time many people made claims that the world would end - they believed the problem wouldn't be mitigated and planes would fall out of the sky, etc.

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