Dan McTeague
Mark Carney would be bad for Canada

Carney is a champion of ESG, and the founder and co-chair of the Glasgow Financial Alliance for Net Zero (GFANZ,) which seeks to harness the might of global finance to bring about a Net-Zero global economy
Whether Carney will actually throw his hat in the ring is hard to predict. He did announce that he will “be considering this decision closely with my family over the coming few days.” But his years-long flirtation with electoral politics suggests that Carney is politically ambitious. And in the tradition of the politically ambitious, he’s lining up his constituents. At this very moment he’s busy making calls, and promises, to Liberal MPs looking for their support. Over the next several days we will hear an unending stream of praise for Carney, that he’s a ‘breath of fresh air,’ that he’s ‘just what Canada needs,’ and on and on.
Well don’t you believe it. Because one thing is for certain — Canada does not need another uber-elite, WEF hobnobbing, Green Agenda-pushing leader at the helm of any political party.
Let’s not forget who Carney is.
The former Governor of the Banks of Canada and England, Carney currently runs the megafirm Brookfield, whose offices he recently moved from Canada to the U.S., and serves as the UN Special Envoy for Climate Leadership and Finance.
Rich, established, and part of the green elite: that is Mark Carney.
I warned about Carney during the Covid-19 pandemic in 2020 when he — along with climate activist and Trudeau-whisperer Gerald Butts — was pushing hard for what he called a ‘green recovery.’ At the time Carney was framing the economic and health crisis as an opportunity to ‘leapfrog’ into a new economy. Four years later and we have all experienced first hand the real meaning of this utopian green vision — soaring energy costs which have made it harder to heat our homes, gas up our cars and buy groceries.
Conservatives call him “Carbon Tax Carney,” a nickname which his apologists have started to say is unfair, since after years of championing the Carbon Tax, he has recently distanced himself from it.
Well, of course he has! Support for the Carbon Tax has cratered across the country, and Carney is just one of many long-time supporters jumping ship in the hope that their reputation — and their wider agenda — doesn’t get sucked down with it.
Carney has been, and continues to be, a carnival barker for interventionist policies and regulation to control carbon emissions. When it comes to action on the environment and the economy Carney is of the “just do what we smart people say” school. He constantly talks of an impending climate crisis, and supports his alarmist fellow travellers like climate doomster Greta Thunberg, whom he has praised for her “many positive contributions.”
Carney has persistently advocated for strict controls on corporate governance to direct support — that is, money — towards his favored fuels and technologies. In fact, his apparent “about face” on the Carbon Tax (he said it “served a purpose up until now”) came about in the context of his Senate testimony in favor of Bill S-243, the “Climate-Aligned Finance Act,” which seeks to make it nearly impossible for banks to invest in, or loan money to, oil and gas projects in Canada, and tries to force financial institutions to appoint board members ideologically opposed to hydrocarbon energy.
Carney is a champion of ESG, and the founder and co-chair of the Glasgow Financial Alliance for Net Zero (GFANZ,) which seeks to harness the might of global finance to bring about a Net-Zero global economy. After a lot of initial excitement and acclaim (at least from the Davos-brigade), GFANZ has had trouble coping with the difficult economic times which Carney’s preferred policies have contributed to bringing about, not to mention the potential for antitrust litigation from the U.S. Department of Justice, which seems increasingly likely. Some of the group’s biggest members — Morgan Stanley, Goldman Sachs, CitiGroup, Bank of America, and Wells Fargo — have dropped out of the alliance just in the past month.
That might mean that GFANZ is not long for this world, but even so it should remain as a black mark on Carney’s résumé. It demonstrates that his economic instincts, whichsome are praising, are always towards more control, by the likes of him, over how the rest of us live our lives. And its downfall likely foreshadows what a Prime Minister Carney would do to Canada’s economy.
On energy and the environment, Carney is Trudeau with Wall Street and central bank experience: a green ideologue, but a more sophisticated one.
Canadians are fed up with green ideologues, polished or otherwise. Their ideas undermine our economic well-being, by making energy a lot more expensive. Ultimately, a Liberal Party under Mark Carney’s leadership would represent more of the same green grifting policies we saw under Justin Trudeau.
Dan McTeague is President of Canadians for Affordable Energy.

Support Dan’s Work to Keep Canadian Energy Affordable!
Canadians for Affordable Energy is run by Dan McTeague, former MP and founder of Gas Wizard. We stand up and fight for more affordable energy.
Business
Doug Ford needs to ditch the net-zero pipedreams

Dan McTeague
Congratulations are in order for Doug Ford, newly re-elected in Ontario to his third consecutive majority government. As a proud Ontarian myself, I wish Premier Ford great success, which will ultimately be measured not by how many votes he’s won, but by the quality of the policies he implements and how well he responds to the challenges which arise on his watch.
Of course, the two are related. Bad policy can instigate a crisis. And bad policy in the midst of one often transforms a challenge into a catastrophe. Just one instructive example: Remember that in the wake of the Stock Market Crash of 1929, President Herbert Hoover signed into law the Smoot-Hawley Tariff, which, as John Robson recently observed on Twitter/X, helped turn “a painful short-term correction into an agonizing decade of misery.”
That is a moment in history our American friends would do well to remember just now. Though Donald Trump has been crowing about the economic benefits of tariffs for decades, the historical record tells a different story. And, more importantly for us, no matter how much damage Trump’s tariffs do to the American economy, they will be worse for Canada.
This is a moment in which our country is in desperate need of political leadership. That isn’t going to come from Ottawa, where the Trudeau Liberals and their accomplices in the NDP have shuttered parliament for months so that they can hold a coronation for their fellow Green Elitist, Mark Carney, who is all set to double-down on the disastrous net-zero policies of his predecessor.
So we are going to have to rely, at least in the near term, on our premiers to respond to this crisis. And so far very few of them – the notable exception being Danielle Smith – have shown the kind of ingenuity and resilience we need at this moment.
Ford himself has done everything he can to make himself the face of Canada’s response to the tariff threat. He’s made a great show of removing (already purchased) American-made products from LCBO.’s shelves, he has pledged to put a 25% export tax on energy, and he’s threatened to cut off Ontario’s energy exports to the United States entirely. In defense of the latter, Ford said, “They want to come at us hard, we’re going to come back twice as hard.”
That might sound impressive, but unfortunately Canada lacks the economic capacity to “come back twice as hard.” Years of mismanagement, on the federal, provincial, and even municipal levels, have left us in a terrible position to negotiate with the world’s largest economy. We have taken every opportunity to shoot ourselves in the foot, chasing foolish net-zero pipedreams which have succeeded only in squandering our capital, and smothering the oil and gas industry upon which our prosperity relies.
Justin Trudeau and his cronies deserve a lot of the blame for that, but the Ford government deserves its share as well. Ford long ago drank the net-zero kool-aid. He embraced the so-called “green energy transition” to such an extent that his government renamed its energy ministry the ‘Ministry of Energy and Electrification,’ a nod to the idea that we need to move away from fossil fuels and embrace electrically-powered everything. Neglecting to mention, of course, where that electricity is going to come from. (Hint: it’s not from expensive and inefficient wind and solar projects! Which, by the way, Ford has also invested heavily in.) And, relatedly, he’s stated that he will not be happy until Ontario achieves a 100% zero-carbon electricity grid, moving away from affordable and reliable natural gas as an energy source.
On top of that, Ford has gone “all in” on electric vehicles, teaming up with Trudeau to invest tens-of-billions of taxpayer dollars in a bid to attract EV manufacturing to his province. This investment wasn’t looking so hot before Trump’s election – remember when the Ford Motor Company scrapped their plan to build EVs at their plant in Oakville, Ont, due to “an unexpected slowdown” in demand for battery powered cars? And it has looked much worse since, once Trump got to work repealing the Biden administration’s de facto EV mandate.
Without that mandate, there will be a few hundred million fewer potential EV buyers in the world. People aren’t exactly lining up to buy EVs if they don’t have to. And though Trudeau’s 2035 EV mandate is still in place, even the Canadian market is softer than expected, especially after the federal program subsidizing the purchase of EVs – to the tune of $5,000 a piece – ran out of money and ended abruptly earlier this year.
But despite the changed environment, Ford doubled down on his commitment to EVs during the campaign. His platform read, “A re-elected PC government would continue to make these investments regardless of any decision by the U.S.,” and Ford continually reaffirmed his intention to continue to “invest in the sector.”
This is worse than rearranging the deck chairs on the Titanic. It’s closer to setting fire to the few lifeboats the ship actually has.
Ontario’s voters have once again entrusted our province to Doug Ford. But if he doesn’t start taking this crisis seriously – by shoring up the province’s financial situation and increasing our competitiveness by changing course on EVs and kicking net-zero to the curb – he won’t be remembered as the first premier to win three consecutive majorities in over 60 years. Instead he’ll be remembered as the guy who took Ontario past the point of no return.
Dan McTeague is the president of Canadians for Affordable Energy and a former Liberal member of Parliament.
Business
Carney’s carbon madness

Dan McTeague
Well, we are in quite the pickle.
In nine plus years as prime minister, Justin Trudeau has waged a multi-front war on the consumption and production of hydrocarbon energy, and, with that, on our economy, our quality of life, and our cost of living.
Trudeau zealously pursued and implemented anti-energy policies, most infamously the consumer Carbon Tax, but let’s not forget his so-called ”Clean Fuel” regulations; his Industrial Carbon Tax; his proposed emissions caps; his Electric Vehicle subsidies and mandates; Bill C-59, which bans businesses from touting the environmental positives of their work if it doesn’t meet a government-approved standard; and various other pieces of legislation which make the construction of new pipelines nearly impossible and significantly reduces our ability to sell our oil and gas overseas.
Every one of these policies can be traced back to the pernicious Net Zero ideology which informs them, and in which Trudeau and his bosom buddies — Gerald Butts, Steven Guilbeault, Mark Carney, etc — remain true believers.
And yet, despite those policies contributing to his party’s collapsing poll numbers and Trudeau’s unceremonious ouster, the Liberals are on the verge of naming as his replacement Mark Carney, one of the very Trudeau consiglieri who got us into this mess in the first place!
Now, Carney is currently doing everything in his power to downplay and dance around those aspects of his career which voters might find objectionable. He’s making quite a habit of it, in fact. And on the energy file, he’s being especially misleading, walking back his long-time support of the Carbon Tax — he’s said it has “served a purpose up until now” — and claiming that he intends to repeal it, while finding other ways to “make polluters pay.”
This is nonsense. In fact, Carney is a Carbon Tax superfan, and, if you listen to him closely, his actual critique of the Trudeau tax isn’t that it has made it more expensive to heat our homes, gas up our cars, and pay for our groceries (which it has.) It’s that it is too visible to voters. His vow to “make polluters pay” means, in fact, that he intends to “beef up” Trudeau’s less discussed Industrial Carbon Tax, targeting businesses, which will ultimately pass the cost down to consumers.
He’s even discussed enacting a Carbon tariff, which would apply to trade with countries which don’t adopt the onerous Net Zero policies which he wants to force on Canada.
That’s just who Mark Carney is.
And, unfortunately, Donald Trump’s tariff threats have provoked a “rally round the flag” sentiment, enabling the Liberals to close the polling gap with the Conservatives, with some polls currently showing them neck-and-neck. Which is to say, there is a possibility that, whenever we get around to having an election, anti-American animus could keep the Liberals in power, and propel Carney to the top job in our government.
This is, in a word, madness.
Let us not forget that it was the Liberals’ policies — especially their assault on our “golden goose,” the natural resource sector — which left us in such a precarious fiscal state that Trudeau felt the need to fly to Mar-a-Lago and tell the newly elected president that a tariff would “kill” our economy. That’s what provoked Trump’s “51st state” crack in the first place.
Access to U.S. markets will always be important for Canadian prosperity — they, by leaps and bounds, are our largest trading partner, after all — but without the Net Zero nonsense, we could have been an energy superpower, providing an alternative source of oil and natural gas for those countries leary about relying for energy on less-environmentally conscious, human-rights-abusing petrostates. We could have filled the void created by Russia, when they made themselves a pariah state in Europe by invading Ukraine.
In short, we might have been set up to negotiate with the Trump Administration from a position of strength. Instead, we’re proposing to double-down on Net Zero, pledging allegiance to a program which will make us less competitive and more likely to be steamrolled by major powers, including the U.S. but also (and less frequently mentioned) China.
Talk about cutting off your nose to spite your face! And all in the name of nationalism.
Here’s hoping we wise up and change course while there’s still time. Because, in the words of America’s greatest philosopher, Yogi Berra, “It’s getting late early.”
Dan McTeague is President of Canadians for Affordable Energy.
Support Dan’s Work to Keep Canadian Energy Affordable!
Canadians for Affordable Energy is run by Dan McTeague, former MP and founder of Gas Wizard. We stand up and fight for more affordable energy.
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