Mark Carney: The Unelected Prime Minister

Vice Chair of a $1 Trillion Asset Manager

From October 2020 until January 2025, Carney served as Vice Chairman and Head of Transition Investing at Brookfield Asset Management — one of the world's largest alternative asset managers, with over $1 trillion in global assets. He led Brookfield's ESG and impact investing strategy.

$10 Billion Ask While Liberal Advisor

In September 2024, Carney became chair of the Liberal Party's Task Force on Economic Growth — effectively a Liberal Party advisor. Shortly after, it was revealed that Brookfield Asset Management had solicited the federal government for $10 billion in funds as part of a $50 billion Canada-only asset fund — while Carney was simultaneously advising the Liberal government.

The Greenwashing Scandal

In 2020, Carney claimed Brookfield's entire USD$600 billion portfolio was "carbon neutral" — a claim retracted in February 2021 when it emerged the calculation relied on misleading "avoided emissions" accounting while Brookfield simultaneously invested in coal and fossil fuels with a carbon footprint of approximately 5,200 metric tons of CO2.

Upon becoming Liberal leader, Carney announced he had stepped down from all executive, board, and advisory positions and placed his assets in a "blind trust." Questions critics have raised:

• What specific assets are held in the trust? No full public disclosure.
• How truly "independent" is the trustee when the grantor has sophisticated financial knowledge?
• Could Carney's policies — on carbon markets, green finance, infrastructure — indirectly benefit his former employer Brookfield without technically violating blind trust rules?
• His previous connections at Goldman Sachs, WEF, and Brookfield create a web of financial relationships that a formal trust does not fully sever.

World Economic Forum Board Member

Mark Carney was a member of the Foundation Board of the World Economic Forum — the highest governing body of the WEF (Davos). He attended and spoke at multiple Davos meetings in various capacities. At Davos 2026 (January 20, 2026) — while serving as Prime Minister — he declared:

Bilderberg Group Meetings

Carney attended Bilderberg Group meetings in 2011, 2012, and 2019 — the secretive annual gathering of leading politicians, financiers, and executives that operates under the Chatham House Rule (no public disclosure of discussions). Critics note the Bilderberg Group has historically advocated for transatlantic integration and globalist economic policies.

Ultra-Low Rates Fuelled the Bubble

Carney served as Governor of the Bank of Canada from 2008 to 2013. His policy of ultra-low interest rates post-2008 contributed to Canada's housing price surge and record household debt. By April 2012, Carney himself acknowledged "issues in some segments of the housing market" and that properties were "probably overvalued" — but he chose not to raise rates significantly. Before he left for the Bank of England in 2013, there were "calls to raise rates as Canadians were holding record-level debt."

The near-zero rate environment Carney helped establish was a major fuel for the housing affordability crisis that Canadians are still living with today.

Carney's Liberals won 169 seats on April 28, 2025 — 3 short of the 172 needed for a majority. Between late 2025 and early 2026, multiple opposition MPs crossed the floor to the Liberal caucus, helping the government achieve majority status. Critics note the timing and circumstances of the crossings raise questions about what incentives — appointments, riding support, ministerial promises — may have been offered.

Bill C-63, the Online Harms Act, was introduced under Trudeau in February 2024 and associated with the broader Liberal approach to regulating online content. It proposed retroactive prosecution of Canadians for past online speech, restoration of Section 13 human rights hate speech complaints, and broad powers for a new Digital Safety Commission. Multiple constitutional experts raised Charter concerns. The bill died when Parliament was prorogued — the Carney government has not reintroduced it. For more on censorship legislation, see the Censorship page.

Carney has continued Trudeau's commitment to "protecting" 30% of Canada's land and water by 2030 — $3.8 billion committed in 2021. Critics argue this plan is less about genuine conservation and more about locking up resource-rich lands from Canadian industry through Indigenous Protected Areas and carbon credit schemes. See the full analysis on the 30x30 Land Plan page.