The exorbitant figures numb the mind. A $US130 trillion (175 trillion) investor club launched by the lords of global finance in Scotland is beyond normal comprehension, so outlandish that one might justifiably suspect a giant con.
Critics are certainly right on one level: the Glasgow Financial Alliance for Net Zero does not quite do what it seems to say on the tin. Those trillions are merely the asset base of the 450 banks, fund managers, and wealth funds that have signed up to good behaviour, not the sums about to flow. It is all couched in Davos gobbledygook that seems out of place in the alien culture of a UN climate summit.
