The specific objectives became clear about halfway through the presser as Carney noted the importance of grouping nations together who ideologically agree on climate change, energy controls and the green agenda.
Canada’s alignment with Europe is seemingly centered on this net-zero carbon model nonsense. However, this perspective makes sense from Carney as it is the same priority he’s carried since his time as governor for the Bank of England.
As the former Governor of the Bank of England and Bank of Canada, Carney used his platform to position climate change as a systemic financial risk. He then championed the view that private capital must be the primary tool to force an economic energy transition. [Post-COVID this was known as “Build Back Better.“]
President Trump’s perspective and the majority American view on climate change and energy development is against the core professional effort of Carney and the banking interests he has always represented. This becomes very important to understand as the U.S-Canada conflict is about to hit an inflection point.
HISTORY: Through the “Net Zero” Banking Alliance (NZBA) Mark Carney pushed banks to agree with policies and protocols that forced them to set lower lending targets to high-carbon industries and clients. The goal was to force companies to ‘decarbonize’ or find themselves starved of capital.
While working at the Bank of England and Canada Carney famously warned multinational interests and insurance companies, most of which were centered in London, that fossil fuel assets that did not fit the net-zero industrial model would become “stranded assets” worth nothing because they could not be capitalized or insured. This threat signaled to multinationals that any investment in a project that was against the “Paris Climate Treaty” was a bad financial risk.
During his press conference with Micheal Martin, Ireland’s taoiseach (Prime Minister), Carney aga
