Canada is one of the last remaining bastions of Net Zero zealotry … in fact, Prime Minister Mark Carney may be the only national leader trying to turn back the tide of economic reality over this:
AI image posted by L. Wayne Mathison on X.
Mark Carney wrote a book called Value(s) lecturing the world about fairness, responsibility, sustainability and humility. His real governing value appears to be this: when markets reject his climate scheme, force Canadians to rescue it.
Carney now admits the official carbon price is supposedly above $100 while actual credits have traded near $20. Any honest banker would recognize the message. The market does not believe these credits are worth the imaginary price politicians assigned to them.
Carney’s response is classic central-planner arrogance. He will not reconsider the product. He will rig the price, tighten the rules, compel companies to buy it and call the resulting coercion “investment certainty”.
He praised carbon pricing in Value(s) as one of the most important and effective ways to reduce emissions. Then the consumer carbon tax became politically poisonous, so he scrapped it. The industrial version survives because its costs are easier to bury inside electricity, transportation, groceries, construction materials, wages and lost investment.
Carney also boasts that Canada continues sending climate-finance money abroad while other G7 governments pull back. Canadian families are struggling with food, housing and energy, yet our philosopher-banker remains determined to finance his international reputation with their money.
His book preached humility. His government practises price fixing.
His book preached responsibility. His government transfers the risk to taxpayers.
His book preached fairness. His policies protect the climate-finance class while ordinary Canadians absorb the costs.
Carney spent years wrapping political ideology in the language of banking. Now the numbers are exposing the sales pitch. When a theoretical $100 asset trades for $20, the market has delivered its verdict. Ottawa can falsify the price, but it cannot manufacture genuine value.
Value(s) may be hundreds of pages long. Carney’s philosophy fits into one sentence:
When reality refuses to validate the climate fantasy, force Canadians to pay until it does.
Love to remind people of this. Nixon loved fixing prices, too!
Thank you Richard Milhous Carney.
Comment by Pat McCracken — July 20, 2026 @ 22:14