In progress ... :
Carney’s scheme will require a bigger bureaucracy — beyond the 9,000 employees already at Environment and Climate Change Canada — to make sure credits are paying for real reductions in carbon footprints (such as buying heat pumps or electric cars). It will also line the pockets of financial traders like Goldman Sachs, where Carney once worked, who will charge high fees for credit transactions.
It is such an awful idea compared with the current “consumer tax” that I suspect Carney will drop it should he win the election.
Carney will also introduce a “carbon border adjustment mechanism,” a tariff or quota on the carbon content of imports. The aim is to protect Canadian emitters from competitors in countries with inadequate carbon pricing, though it won’t help Canadian companies compete in export markets. For the next four years at least, the U.S. certainly won’t be going in this direction so a new “Canada carbon tariff” could easily provoke U.S. retaliation. After last week’s fiasco, do we really want to juice the trade war even more?
Carney promises to speed up regulatory approvals — but only for clean energy projects. Oilsand plants, refineries and pipelines and LNG plants won’t qualify.
(Sidebar: like the ones we really need.)
He’ll also add an efficiency mandate for low-temperature industrial heat. He’ll strengthen regulations for oil and methane gas and he will introduce new climate-risk disclosure regulations and investment guidelines for financial institutions — ideas that come from his Net Zero Banking Alliance, which is currently bleeding members. If he tries to apply it to the Canada Pension Plan, too, not a millisecond will pass before Alberta Premier Danielle Smith declares: “Alberta Pension Plan!”
Of course, no Liberal plan would miss out on budget-busting subsidies. Carney will provide new incentives for: home retrofits, heat pumps for low-income families, investment tax credits and slush funds for green energy, and reinstated $5,000 grants for electric cars.
No price tag is provided for the mushrooming spending and bureaucracy, and there’s no cull of the 149 separate federal programs listed in Environment and Climate Change Canada’s 2023 progress report. To name just a few, the oil and gas cap, low-carbon fuel regulation, the EV mandate and the plethora of tax credits all remain in place.
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And he will pay for the discounts by hitting businesses like fuel refineries and power plants with a hidden carbon tax. Of course, those businesses will just pass on the cost.
Bottom line: You still get hit with that hidden carbon tax when you buy gas or pay your bills.
But it gets worse.
Prime Minister Justin Trudeau at least attempted to give you some of the carbon tax money back through rebates. The parliamentary budget officer consistently made it clear the rebates don’t cover all of the costs. But at least you could spend the money on the things you need most.
But under Carney’s “affordability” plan, you don’t get cash to pay down your credit card or buy groceries. You can only use the credits to buy things like e-bikes and heat pumps.
(Sidebar: that's called communism.)
Here’s how Carney explained it.
“We will have the big polluters pay for climate incentives by developing and integrating a new consumer carbon credit market into the industrial pricing system,” Carney told a Halifax crowd. “While we still provide price certainty for households when they make climate-smart choices.”
Translation: Carney would still make Canadians pay, but he’ll only help them with affordability if they’re making “smart” choices.
He learned this sort of thing from some friends of his:
Because he’s a good dog.https://t.co/jNyPe823ba https://t.co/ORtzjTmLqZ pic.twitter.com/f4MHno4JvE
— Andy Lee (@RealAndyLeeShow) February 8, 2025
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Mark Carney and the Chinese Communist Party
— Andrew Haynes (@AndrewJWHaynes) February 8, 2025
Mega-Thread 🧵below in light of today's news that Canadian intelligence services have identified Chinese state support for Mark Carney in the Liberal Leadership race.
Very few people in public life have longer or deeper relationships…
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You can tell a lot about Mark Carney by seeing who he spends his time with.
Carney was selected to serve on the Board of "Special Rapporteur" David Johnston's Rideau Hall Foundation in 2021. They have since scrubbed Carney's name from their website. rhf-frh.ca/the-rideau-hal…
The Rideau Hall Foundation Board is filled with a Who's Who of the Chinese Communist Party's Best Friends in Canada: "Special Rapporteur" David Jonhston, Dominic Barton, John Manley, Jean Charest & Paul Desmarais III - just to name a few.Mark Carney met with Chinese Communist Party Leadership in Beijing in October 2024 - just prior to the Liberal Leadership race:
“On the afternoon of October 20, [2024] Yin Yong, Mayor of Beijing, held separate meetings with Mark Carney, Chair of Brookfield Asset Management and Former Governor of the Bank of England, and Philipp Hildebrand, Vice Chairman of BlackRock and Former Chairman of the Governing Board of the Swiss National Bank. Both guests came to Beijing for the Annual Conference of Financial Street Forum 2024.”
“Carney highlighted Brookfield Asset Management’s keen interest in seizing development opportunities in China, further expanding its business in Beijing, and deepening cooperation with relevant partners in areas such as green finance, fund management, and infrastructure investment.”
wb.beijing.gov.cn/en/center_for_…Mark Carney has often met privately with the Head of the People’s Bank of China - who is one of the senior leaders of the Chinese Communist Party - ...Carney went to China with the UK Chancellor of the Exchequer (i.e. Finance Minister) in 2017 seeking investment from China.
Carney was the head of the supposedly independent central Bank of England.
Why would the Chancellor take the head of the central bank Carney to China? It is not the role of a central banker to go abroad to go abroad to negotiate foreign investment. Very clearly Carney went because Carney has deep relationships with the Chinese Communist Party - right up to Xi Jinping (who Carney met privately with at Davos a few months before).
“Philip Hammond and Mark Carney are in China to secure £1 billion of trade deals”
businessinsider.com/philip-hammond…Carney was a prime target for meetings when Chinese Communist Party leadership was in the UK.
Carney met with Vice-Premier Chinese Vice Premier Ma Kai, who brought with him the most senior Chinese Communist Party delegation to the UK in 2016.Carney was due to be the Guest Speaker at a dinner hosted by the City of London for senior Chinese officials in 2019. He withdrew from the event when questions were raised about speaking at the dinner during riots in Hong Kong.
Why would they select Carney as the Guest Speaker at a dinner for senior Chinese officials?
Allegedly orchestrated by the PMO, Katie Telford, and disgraced Trudeau number-two Gerald Butts, virtually all cabinet ministers, back-bench caucus attack dogs, and multiple members of Trudeau’s infamous groomsmen photo have been whipped into pledging absolute fealty to Mark Carney in just a matter of weeks.
Far from a roaring success as both a Governor of the Bank of Canada and Governor of the Bank of England, former British Prime Minister Liz Truss has even felt inclined to issue a recent stern warning as to the quality of Carney’s work, and his conflicted, ‘Net-Zero,’ de-growth agenda.
"I strongly recommend not backing Mark Carney for his policies on net zero. It was disastrous for Britain. It would be disastrous for Canada," said Truss.
It’s no wonder, then, that he’s garnered support from outgoing Housing Minister Sean Fraser, and current Immigration Minister Marc Miller, who have overseen (and executed) generational crises on both files.
It’s no wonder, then, that he also has the support of those in “Hamas Caucus,” or the support of Canada’s disgrace for a Foreign Affair Minister Melanie Joly.
And it’s no wonder he was hand-picked by Justin Trudeau and his conniving, anti-Canadian inner circle.
Disaster has always been their thing.
And Mark Carney wouldn't be a newly-planted Liberal without some Justin Trudeau-esque idiocy:
Federal Liberal leadership candidate Mark Carney blamed U.S. aggression toward Canada on social inequality in our neighbour to the south — and compared Donald Trump's musings about annexation to the villain from the Harry Potter novels.
Yeah, that must be it.
When do you fly back to Ireland and the UK in order not to pay taxes?
Mark Carney isn't the only robber-baron in town:
Liberal leadership candidate Chrystia Freeland will publish a plan today to lower food prices, attacking a key part of the cost-of-living issue that plagued her for much of her tenure as the minister of finance.
A campaign official speaking on background confirms Freeland will be in British Columbia today as the plan is published.
It will include a promise to cap profit margins for grocers on essential items including eggs, milk, vegetables and baby formula
And all this time I thought that the free market and antiquated food boards controlled prices.
These are dunces racing to complete Justin's country-destroying work.
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