As the climate swindle fizzles, is HSBC bummed out?

HSBC: Down on Waxman-Markey Climate Bill - Environmental Capital - WSJ

HSBC, the big investment bank, is gloomy about the “watered-down” bill that made it out of the House Energy and Commerce Committee.
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With Democrats controlling the White House, House, and Senate, HSBC notes, this really is as good as it gets for aggressive action on energy and climate change. Is the current Waxman-Markey bill the high-water mark for “greening” U.S. energy policy?

Oct '07: Barclays and HSBC: making the case for climate action by big banks - ClimateChangeCorp.com

The opportunities for banks from climate change are huge, according to HSBC, one of the world’s biggest banks.

“We can finance a wholesale shift to a low carbon economy”, Jon Williams, head of sustainable development for the bank, told the summit. “Climate change can be tackled at minimal economic cost if we do it today”.