This is CBS, I am the world. I'm John Bachelors.

ESG, ESG investing, dominating the conversation in the financial world.

Because right now the concern is, are we doing enough to prevent climate change, disastrous

climate change is the challenge.

Recently, an event called the Moral Money Summit in London, featured a speaker, Stuart Kirk,

of HSBC Asset Management. He's the head or was the head of responsible investing.

Mr. Kirk has a sense of humor that was not appreciated at this conference.

One remark and it's hard to believe that somebody wouldn't regard this as funny.

There's always some nut job telling me about the end of the world.

For that, Mr. Kirk was chastised and relieved of his post and is now not heard from regularly.

But it's just a few weeks and so what he will do is make a return and explain to us what it is to be

head of responsible investing at a major bank.

However, I have Terri Anderson of the Hoover Institution to turn to because Terri anticipated

all this in a book that he published recently, Adapt and Be Adapt.

In here are essays by chiefly economists but also commentators on such abstract things as

fire insurance for wildfires in California. Talking about the planet we have, not the planet we

want to have and the planet we have has limits. Those limits are uncomfortable and sometimes they're

even not acceptably be talked about in public such as at an ESG meeting or Moral Money Summit.

One of those limitations I learned from an essay by Mark Mills is that hydrocarbons fossil fuels

are here forever. Terri, a very good evening to you. Thank you very much for joining. We've

talked about your book over this last year you published it in the spring of 21.

But apparently there is still some doubt about the fact of hydrocarbons fossil fuels and some

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