Melanie in Saskatchewan reminds us that Prime Minister Mark Carney’s interests seem to align far more with those of the Brookfield Corporation than with those of ordinary Canadians:
Canadians are tired of being treated like an afterthought. Eight months ago, Mark Carney parachuted into the safe Liberal seat of Nepean, shoved aside a long-serving MP, and promised voters he would be their voice in Ottawa. Today, there is still no constituency office open in the riding. Residents who need help with immigration files, CRA problems, or passports are told to send an email and wait, sometimes for several weeks. That betrayal starts at home, and Nepean is living proof that Carney’s priorities lie somewhere else entirely.
That “somewhere else” has a name: Brookfield Asset Management.
A $500-million federal “green steel” subsidy was rushed through cabinet for Algoma Steel in Sault Ste. Marie. Nothing wrong with helping steelworkers, except the electricity for the project comes almost exclusively from wind farms owned by Brookfield Renewable Partners. Mark Carney still holds roughly $6 million in unexercised Brookfield stock options that vest based on the company’s renewable-energy profits. In other words, every tax dollar sent to Algoma flows through to the bottom-line gains that Carney himself pockets.
The Parliamentary Budget Officer has already flagged the transaction as one of several in Carney’s $78-billion deficit budget that rely on “creative accounting” to hide the true cost.
This isn’t a conspiracy theory; it’s on the public record in Carney’s own ethics disclosure filed with the Conflict of Interest Commissioner Konrad von Finckenstein. The same disclosure that conveniently claims his former advisory role was “exempt” from stricter rules, rules that apply to every other cabinet minister.
While Canadians wait 33 hours in emergency rooms, watch their real wages shrink, and see layoff notices pile up at Stellantis, CAMI, and Algoma itself, the Prime Minister’s old firm is doing just fine. Brookfield’s stock is up 18 per cent since the subsidy was announced. Coincidence?
Hardly.
The hypocrisy runs deeper than one subsidy. Carney spent years on the world stage lecturing banks and governments about “climate risk and the urgent need to phase out fossil fuels”. Yet the same Alberta energy memorandum that triggered Steven Guilbeault’s resignation quietly allows new pipelines and extends oil recovery through carbon-capture tax credits, credits that, once again, flow disproportionately to companies in which Brookfield has major stakes.
Green Party Leader Elizabeth May says Carney personally assured her those provisions would never see the light of day. Nine Liberal MPs are now telling reporters, off the record, that they feel betrayed by the same broken promise.
