Liberal Leader Mark Carney, if elected on April 28, will push Canada off a fiscal cliff from which there will be no recovery.
He's made it clear that his obsession with net-zero and climate change is firmly tied to his willingness to spend money — just like former prime minister Justin Trudeau.
For Carney, existential notions of global warming are public enemy No. 1 — far worse than stupidity and recklessness. A multimillionaire, he may bankrupt Canada to prove himself right.
His latest idea, steeped in controversy, is the en masse retrofit of Canadian homes to save the planet and protect people from climate change. Heat pumps, new windows and roofs, repaired foundations and modular homes are what Canadians need, Carney said at a recent campaign event.
If the spending habits of his predecessor are an indication, Carney’s initiative would cost billions. And “big polluters” will pay for the scheme — signalling his commitment to economic stimulation and environmentalism through complicated and perverse carbon credit mechanisms.
It won’t work. If pressed further, many of Carney’s so-called big polluters — already disenfranchised by Ottawa — will pack up and leave Canada, leaving an insolvent electorate holding the bag.
“These new programs will be largely financed by the new large emitter carbon credit market, meaning that big polluters, not taxpayers, will pay,” said Carney. “It’s a smart system that will work better for everyone.”
Further complicating matters in a serious way is Carney’s former company, Brookfield Asset Management. He stepped down to run for political office and has not fully disclosed his holdings.
"Brookfield Residential, the $6 billion property development arm of Brookfield Asset Management, is already a major builder of energy efficient homes in both Ontario and Alberta," wrote the National Post on Thursday of a potential conflict of interest.
"They just opened Seton, a planned community outside of Calgary that advertises itself as a model of sustainable building."
"He's promised heat pumps and prefabricated homes, both of which he owns a major stake in."
Brookfield and Carney have not been formally accused in court.
However, former U.K. prime minister Liz Truss warned Canadians about electing him.
“I strongly recommend not backing Mark Carney for his policies on net zero. It was disastrous for Britain. It would be disastrous for Canada.”
“I don’t know what is going on in Canada, but in the same way as people in Britain need to wake up to what the threat to our country is, I think they need to wake up in Canada.”
