Wednesday, December 15, 2010

Deutsche Bank's Corporate Irresponsibility

As Mr. Henderson puts it, the Deutsche Bank report on climate skeptics has been rendered worthless as a guide to the science and for investors. It also betrays a larger issue, which is a corporate role on the part of Deutsche Bank that makes Exxon look like a Boy Scout. –Terence Corcoran, Financial Post, 14 December 2010


It would thus appear that its Climate Change Advisors, who are no more than “the climate-change investment division of Deutsche Asset Management,” took a strong position on behalf of Deutsche Bank on a controversial political matter. If so, it would be interesting to know whether and to what extent this action, which appears as questionable in itself, was authorized and approved at higher levels within the bank. –David Henderson, Financial Post, 14 December 2010


At a certain point it becomes disconcerting that Deutsche Bank, which is among other things one of the few international banks qualified to act as a primary dealer for the New York Federal Reserve, and is thereby subject to particularly stringent requirements about accuracy of commentary it publishes on economic and policy issues, is going to such efforts to excuse publication of misleading information. --Ross McKitrick, Guelph University, November 2010


1) David Henderson: Deutsche Bank's Corporate Irresponsibility - Financial Post, 14 December 2010

2) Terence Corcoran: Deutsche’s Climate - Financial Post, 14 December 2010


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