From Energy Now

By Tammy Nemeth and Ron Wallace

It is high time that Canadians discuss and understand Mark Carney’s avowed plan to re-align capital with global Net Zero goals.

Mark Carney’s economic vision for Canada, one that spans energy, housing and defence, rests on an unspoken, largely undisclosed, linchpin: Climate Finance – one that promises a Net Zero future for Canada but which masks a radical economic overhaul.

Regrettably, Carney’s potential approach to a Net Zero future remains largely unexamined in this election. As the former chair of the Glasgow Financial Alliance for Net Zero (GFANZ), Carney has proposed new policies, offices, agencies,  and bureaus required to achieve these goals.. Pieced together from his presentations, discussions, testimonies and book, Carney’s approach to climate finance appears to have four pillars: mandatory climate disclosures, mandatory transition plans, centralized data sharing via the United Nations’ Net Zero Data Public Utility (NZDPU) and compliance with voluntary carbon markets (VCMs). There are serious issues for Canada’s economy if these principles were to form the core values for policies under a potential Liberal government.

About the first pillar Carney has been unequivocal: “Achieving net zero requires a whole economy transition.”  This would require a restructuring energy and financial systems to shift away from fossil fuels to renewable energy with Carney insisting repeatedly in his book that “every financial [and business] decision takes climate change into account.” Climate finance, unlike broader sustainable finance with its Environmental, Social, and Governance (ESG) focus would channel capital into sectors aligned with a 2050 Net Zero trajectory. Carney states: “Companies, and those who invest in them…who are part of the solution, will be rewarded. Those lagging behind…will be punished.”  In other words, capital would flow to compliant firms but be withheld from so-called “high emitters”.

How will investors, banks and insurers distinguish solution from problem? Mandatory climate disclosures, aligned with the International Sustainability Standards Board (ISSB), would compel firms to report emissions and outline their Net Zero strategies. Canada’s Sustainability Standards Board has adopted these methodologies, despite concerns they would disadvantage Canadian businesses. Here, Carney repeatedly emphasizes disclosures as the cornerstone to track emissions data required to shift capital away from “high emitters”. Without this, he claims, large institutional investors lack the data on supply chains to make informed decisions to shift capital to businesses that are Net Zero compliant.

The second pillar, Mandatory Transition Plans would require companies to map a 2050 Net Zero trajectory for emission reduction targets. Failure to meet those targets would invite pressure from investors, banks, or activists, who may pursue litigation for non-compliance. The UK’s Transition Plan Task Force, now part of ISSB, provides this standardized framework. Carney, while at GFANZ, advocated using transition plans for a “managed phase-out” of high-emitting assets like coal, oil and gas, not just through divestment but by financing emissions reductions. “As part of their transition planning, [GFANZ] members should establish and apply financing policies to phase out and align carbon-intensive sectors and activities, such as thermal coal, oil and gas and deforestation, not only through asset divestment but also through transition finance that reduces real world emissions. To assist with these efforts GFANZ will continue to develop and implement a framework for the Managed Phase-out of high-emitting assets.” Clearly, the purpose of this is to ensure companies either decarbonize or face capital withdrawal.

The third pillar is the United Nations’ Net Zero Data Public Utility (NZDPU), a centralized platform for emissions and transition data. Carney insists these data be freely accessible, enabling investors, banks and insurers to judge companies’ progress to Net Zero. As Carney noted in 2021: “Private finance is judging…banks, pension funds and asset managers have to show where they are in the transition to Net Zero.” Hence, compliant firms would receive investment; laggards would face divestment.

Finally, voluntary carbon markets (VCMs) allow companies to offset emissions by purchasing credits from projects like reforestation. Carney, who launched the Taskforce on Scaling VCMs in 2020, has insisted on monitoring, verification and lifecycle tracking.  At a 2024 Beijing conference, he suggested major jurisdictions could establish VCMs by COP 30 (planned for 2025 in Brazil) to create a global market. If Canada mandates VCMs, businesses especially small and medium enterprises (SMEs) would face much higher compliance costs with credits available only to those that demonstrate progress with transition plans.

These potential mandatory disclosures and transition plans would burden Canadian businesses with material costs and legal risks that constitute an economic gamble which few may recognize but all should weigh. Do Canadians truly want a government that has an undisclosed climate finance agenda that would be subservient to an opaque globalized Net Zero agenda?

Tammy Nemeth is a U.K.-based strategic energy analyst. Ron Wallace is an executive fellow of the Canadian Global Affairs Institute and the Canada West Foundation.

From LifeSiteNews

By Clare Marie Merkowsky

Former WEF member Desiree Fixler is warning Canadians that Mark Carney is using fear to manipulate citizens to gain power and that his ideas will destroy the economy.

World Economic Forum banker turned whistleblower Desiree Fixler is warning that Mark Carney is using fear tactics to gain control over Canada and usher in globalism.

In an April 12 interview with Canadian YouTuber Jasmin Laine, Fixler – who served as a member of the WEF’s Global Future Council on Responsible Investing – warned that Carney seeks to send Canada down a path of totalitarianism and economic decline.

‘Fear wins votes’

In the interview, Fixler said that Carney’s tactic involves amplifying or fear-mongering manufactured crises, like the claim that “there is a climate catastrophe,” not because he wants to safeguard citizens, but because he wants to “win some votes” and expand his globalist vision.

Similarly, she argued that Carney uses potentially real crises, like the Canada-U.S. trade war, to explain the economic decline in Canada. This shift the blame from the Liberal policies of the past ten years to U.S. President Donald Trump and allows Carney to not just avoid responsibility for policies he supported being destructive, but also to position himself as the solution to the problem.

“The government has a lot of control in the media and so a message is being put out that there is this climate catastrophe and then lo and behold Mark Carney is there to say… ‘I can save everything,’” Fixler warned.

Carney is not working for Canadians

Since his appearance on the political stage, many have pointed out that Carney’s extensive work for the UN and WEF have made him more of a global player than an advocate for Canada, particularly regarding his advocacy for net-zero emissions.

At the same time, Carney argues that his globalist portfolio will benefit Canadians. Fixler, however, warned that Carney’s radical climate policies will send Canada down the same declining path as other European countries.

“You just look at the U.K., you just look at Germany, and you can see in particular Germany is likely going on its third year of a shrinking economy largely because of net zero,” Fixler explained, referring to the globalist policy of pursuing “net zero” carbon emissions.

Despite Canada’s vast natural resources, Carney has made it clear that, if elected, he will maintain the goal of eventually reaching “net zero.” Fixler also noted that Carney spearheads the Glasgow Financial Alliance for Net Zero (GFANZ) which effectively “bullies the world into adopting net zero.”

While Carney has claimed that Canada will become an energy “powerhouse” thanks to a transition to clean energy, Fixler warned that “there is no way you’re going to do that if you have net zero.”

“If you’re aligned to net zero, if you have a ban on further fossil fuel drilling right, and further pipelines, there is no way,” Fixler said. “You’re going down one path, and that’s the path of unaffordable energy and that is a path of a shrinking economy.”

Fixler further argued that Carney is not only misleading Canadians but deliberately lying about the effects of a net-zero emissions scheme. She questioned how Canada’s economy could grow when the Liberals’ Bill C-69 is restricting the production of pipelines to carry Canadian oil and gas.

“These are national assets,” she said. “The people of Canada own it, and the people of Canada should decide whether or not they want access to affordable energy, and they want to grow their economy.”

Fixler referred to Carney’s scheme as “authoritarian government theft,” warning it will send Canada down the same economic decline as Europe.

“Europe and the UK is definitely moving in the wrong direction, and I firmly believe that Mark Carney will do the same for Canada,” she emphasized. “Not only will he further economic policies that shrink the economy, but he will move again to silence dissent and increase censorship.”

Fixler, who was herself a member of the WEF, revealed that globalists are indifferent to how their policies affect the common person.

As evidence for this, Fixler recalled a situation in which she brought up the increasing cost of living at a WEF meeting, which resulted in “someone firing right back at me and saying like, ‘Desiree, why do you care? You can afford that.’”

Fixler said that for Canada to stave off Carney’s vision, citizens just need to “revert back to common sense” and call out what is “dumb.”