Dan McTeague
Carney launches his crusade against the oilpatch

Well, he finally did it.
After literally years of rumours that he was preparing to run for parliament and being groomed as Justin Trudeau’s successor.
After he, reportedly, agreed to take over Chrystia Freeland’s job as Finance Minister in December, only to then, reportedly, pull back once her very public and pointed resignation made the job too toxic for someone with his ambitions.
After he even began telegraphing, through surrogates, an openness to joining a Conservative government, likely hoping to preserve some of his beloved environmentalist achievements if and when Pierre Poilievre leads his party into government.
After all that, Mark Carney has finally thrown his hat into the ring for the position of Liberal leader and prime minister of our beloved and beleaguered country.
And, as I’ve been predicting, the whole gang of Trudeau apologists are out in force, jumping for joy and saying this is the best thing since sliced bread. Carney is a breath of fresh air, a man who can finally turn the page on a difficult era in our history, a fighter, and — of all things! — an outsider.
Hogwash!
This narrative conveniently ignores the fact that Carney has been a key Trudeau confidant for years. As Pierre Poilievre pointed out on Twitter/X, he remains listed on the Liberal Party’s website as an advisor to the Prime Minister. He’s godfather to Chrystia Freeland’s son, for heaven’s sake!
Outsider?! This man is an insider’s insider.
But, more importantly, Carney has been a passionate supporter and promoter of the Trudeau government’s agenda, with the job-killing, economy-hobbling Net Zero program right at its heart. The Carbon Tax? He was for it before he was against it, which is to say, before it was clear the popular opposition to it isn’t going away, especially now that we all see what a bite it’s taken out of our household budgets.
Even his course correction was half-hearted. In Carney’s words, the Carbon Tax “served a purpose up until now.” What on earth does that even mean?
Meanwhile, EV mandates, Emission Caps, the War on Pipelines, tax dollars for so-called renewables, and all of the other policies designed to stifle our natural resources imposed on us by the activists in the Trudeau government? They’re right up Carney’s ally.
Plus his record at the Banks of Canada and England, his role as the U.N.’s Special Envoy for Climate Action and Finance, and his passion projects like the Global Financial Alliance for Net Zero (GFANZ), and its subgroup the Net Zero Banking Alliance (NZBA), point to a concerning willingness to achieve his ideological goals by even the most sneaky, underhanded routes.
Take, for instance, the question of whether we need to “phase out” Canada’s oil and gas industry. Politicians who want real power can’t just come out and endorse that position without experiencing major blowback, as Justin Trudeau found out back in 2017. Despite years of activist propaganda, Canadians still recognize that hydrocarbon energy is the backbone of our economy.
But what if oil and gas companies started having trouble getting loans or attracting investment, no matter how profitable they are? Over time they, and the jobs and other economic benefits they provide, would simply disappear.
That is, in essence, the goal of GFANZ. It’s what they mean when they require their members – including Canadian banks like BMO, TD, CIBC, Scotiabank and RBC – to commit to “align[ing] their lending and investment portfolios with net-zero carbon emissions by mid-century or sooner.”
And Mark Carney is their founder and chairman. GFANZ is Mark Carney’s baby.
In truth, Mark Carney is less an outsider than he is the man behind the curtain, the man pulling the strings and poking the levers of power. Not that he will put it this way, but his campaign pitch can be boiled down to, “Trudeau, but without the scandals or baggage.” Well, relatively speaking.
But the thing is, it wasn’t those scandals – as much of an embarrassment as they were — which has brought an unceremonious end to Justin Trudeau’s political career. What laid him low, in the end, was bad policy and governmental mismanagement.
To choose Mark Carney would be to ask for more of the same. Thanks, but no thanks.
Dan McTeague is President of Canadians for Affordable Energy.
Dan McTeague
’Net-Zero’ Carney’s going to build new pipelines? I’ll believe it when I see it!

By Dan McTeague
Ever since Mark Carney’s rise to power, people have been trying to sell me on the idea that he’s just what this country needs — a (supposedly) practical, no-nonsense businessman who can clean up the mess his highly-ideological predecessor, Justin Trudeau, left us in. To reinforce this claim, they point to the constant rumblings about Carney’s commitment to building new oil and gas pipelines in Canada.
I’m sorry, folks, but I’ll believe it when I see it.
Now, building new pipelines is an understandably popular idea. Construction alone would be a serious job creator. New pipelines would enable us to further capitalize on our abundant natural resources. They would pump up the domestic oil and gas supply, bringing down the cost of energy for families and businesses alike, thereby invigorating our economy and fortifying the Loonie.
They would also reinforce national unity at a time when that is being sorely tested.
Green propaganda has created and increasingly widened ideological divides over the resource sector, still the backbone of our economy. Our thriving activist class are happy to exploit these divisions and to do whatever they can to kill new resource projects before they get off the ground. Over time, this has made it just plain easier to sell Canadian fossil fuels to the US, which has been happy to take them off our hands.
Make no mistake, if we made good use of this period of unfortunately high tensions with our cousins to the south, by beefing up our energy infrastructure and fortifying our economy, which would ultimately make us a more attractive trading partner, I’d be all for it.
That said, anyone who believes that Carney is fully committed to new pipelines should revisit what he’s actually said on the matter. They would discover that he has been talking out of both sides of his mouth on pipelines since the moment he stepped out from behind the curtain and publicly took the reins of the Liberal Party. He’s been purposely vague when talking to pipeline-sympathetic crowds out west, and explicitly reassuring when speaking to anti-pipeline crowds elsewhere, saying things like “I would never impose [a pipeline] on Quebec.”
Which should surprise no one! Mark Carney is still Mark Carney. From his banking career to his time at the megafirm Brookfield, from his role as the UN Special Envoy for Climate Leadership and Finance to founding the (now collapsed) Glasgow Financial Alliance for Net Zero (GFANZ), he has spent his entire career working towards a net-zero global economy, no matter how disastrous this would be for the world generally and Canada specifically.
Carney himself described his magnum opus, GFANZ, as being “relentlessly, ruthlessly, absolutely focused on the transition to net-zero.” The same could be said about Carney himself.
Which is to say, though he is more sophisticated, Carney is no less of a “Green” ideologue than Justin Trudeau.
“But, but, but!” I can hear people saying, “He saved us from the carbon tax!”
To which I answer: No, he did not. A longtime apostle of carbon taxation generally, and of Trudeau’s carbon tax specifically, Carney’s main issue with the carbon tax was that it had become “too divisive” — meaning we had noticed its effect on our lives and started complaining about it. To fix that, he used what amounted to an accounting trick to hide it from our view.
Meanwhile, he remains committed to all of his party’s environmentalist legislation and regulations, including the Clean Fuel Standard, which jacks up the ethanol content of our gasoline, while progressively raising the price per litre; Bill C-48, the Oil Tanker Moratorium Act, which significantly reduces our ability to export our natural resources; Bill C-59, which bans businesses from touting the environmental positives of their work if it doesn’t meet a government-approved standard; and the egregious Electric Vehicle mandate, which forces us to buy, starting next year, cars which are poorly suited for our climate, geography, and lifestyle, and for which we simply do not have the infrastructure.
And, most pertinent to this discussion, Mark Carney remains committed to Bill C-69, the “No More Pipelines Act,” which even the Supreme Court said overstepped the federal government’s constitutional authority.
So despite all of their advantages, Mark Carney’s decades of net-zero commitments make the chances of us actually getting a single new pipeline out of this government extremely remote, probably nonexistent.
I’d love to be wrong. I don’t think I am.
Dan McTeague
Time is running out, Mr. Carney…

By Dan McTeague
U.S. tariffs continue to threaten the Canadian economy. Meanwhile, Canada’s debt levels continue to grow. The obvious solution is to develop our oil and gas and become an energy superpower. However, time is running out for Prime Minister Carney to act.
He’s talked a big game but has failed to act as anti-energy Liberal laws continue to drive away investment. This week, TC Energy and Enbridge have indicated they’d prefer to make investments in the U.S. instead of Canada.
Dan McTeague explains in his latest video.
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