COP26

The Prime Minister probably admits that the weakest link of the deal was the lack of progress on defunding the polluters. The catchily-named GFANZ—Glasgow Financial Alliance for Net Zero—initiative disappointed many. That now means that 1,400 of the world’s 2,000 biggest companies do not have net zero targets. Their combined turnover is nearly $15 trillion, but most pension savers are funding them, because the information is not there in their accounts. When will that great deficit be fixed?