News release from the Canadian Taxpayers Federation

The feds are spending millions of your tax dollars trying to “green” their offices. Then the government is spending millions more of your tax dollars flying battalions of bureaucrats and politicians around the world.

Franco.

Bank of Canada fixes with its left hand, what it breaks with its right

They say hypocrites are the kind of people who will cut down a tree, only to stand on the stump and give a speech about the importance of protecting forests.

Someone should get the fat cats at the Bank of Canada on the horn and let them know about that particular definition.

In recent years, the Bank of Canada dumped millions of your tax dollars into a green initiative aimed at lowering its carbon footprint.

Meanwhile, at the exact same time, its executives have been racking up frequent flyer miles while globetrotting to exotic, far-flung locales.

Burning through jet fuel and your tax dollars in the process.

Since 2020, the Bank of Canada dropped $4.1 million on its “greening the bank” initiative, a multi-year effort to measure and reduce its carbon footprint.

More than $1 million has been spent on internal program costs, alongside $950,000 on external consultants and studies, and $2.1 million on green investments.

On top of the greening the bank initiative, the Bank of Canada also signed a contract with the Delphi Group for up to $300,000.

The Delphi Group is a consulting firm “specializing in climate change, sustainability and ESG,” according to its website.

Six staff from the Delphi Group will aid the Bank of Canada’s “annual quantification of its GHG inventory,” according to records obtained by the CTF.

But if the Bank of Canada is looking for ways to lower its carbon footprint, it doesn’t need to spend millions hiring consultants.

All it has to do is look at its executives’ expense reports.

In 2023, Bank of Canada executives racked up $535,000 in travel expenses.

Bank executives took dozens of trips to exotic destinations, including Portugal, Japan, Greece, France, Sweden, Germany, India, Peru, the West Indies and Switzerland.

Bank Governor Tiff Macklem racked up $179,000 in travel expenses alone.

Macklem took 26 separate trips, including four visits to Switzerland, two to Sweden, two to India and one each to Morocco, Portugal, Japan and the Caymen Islands.

So first you’re forced to pay for first-class airfare so bank executives can jet set around the globe to attend conferences and give speeches.

And then you’re forced to pay for millions in consultant fees because the big brains at the central bank are confused why their carbon footprint is so high.

Needless to say, if they can’t crack that puzzle, then it’s little wonder why inflation has run rampant while ravaging the paycheques of taxpayers like you.

But don’t worry, folks.

If the bank runs out of your cash to blow on all these vacations – erm, sorry, we mean “work trips” – we’re sure they’ll just fire up the money printer to cover the costs.

Franco’s note: Any time we write about the Bank of Canada I need to mention this:

This should go without saying, but bonuses are for people who do a good job, not people who fail at their one and only job.

Trudeau wants to spend your money on…

Every year, the federal government tables main and supplementary estimate documents that detail how your money will be allocated to fund government programs.

But with all the shenanigans currently holding up the House of Commons, the Trudeau government is worried they may not be able to fund these government schemes.

It’s a good bet Prime Minister Justin Trudeau and his minions will claim a vote is needed to make sure struggling Canadians get the help they need.

But the CTF read through the entirety of the recently-released Supplementary Estimates report to see what sort of spending the feds are actually proposing:

• $970 million to cover pay raises for bureaucrats
• $4.5 million for government advertising
• $46 million for the 2026 FIFA Men’s World Cup
• $20 million for Diversity, Equity and Inclusion at the Canada Media Fund
• $200,000 for Prime Minister Justin Trudeau’s plan to plant two billion trees
• $45 million for the gun confiscation scheme
• $6.9 million for pro-carbon tax ads
• $5.5 million for the Toronto Film Festival
• $3.4 million for settlements related to the Phoenix payroll fiasco

Does any of that sound like necessary government spending to you?

VIDEO: Craziest government waste

We’ve said it time and time again.

You pay too much tax because the government wastes too much money.

Don’t believe us? Then watch (and share) the video below.

CTF Federal Director Franco Terrazzano brings the receipts on some of the craziest government waste that’s out of Ottawa in recent years.