Unpacking the Hypocrisy in Glasgow
The Glasgow Financial Alliance for Net Zero (GFANZ) was formed in April 2021 with the goal of raising enough money to end greenhouse gas emissions by 2050. Yesterday, GFANZ co-founder Mark Carney announced that it had secured $130 trillion in capital commitments. “We now have the essential plumbing in place to move climate change from the fringes to the forefront of finance,” Mr. Carney said, “so that every financial decision takes climate change into account.” Does “every financial decision” include things like buying a house… starting a business… sending your kids to college? Mr. Carney would probably answer in the affirmative. He has a long history of butting into people’s personal affairs.