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SDTC “Green” Fund or Trudeau’s Slush Fund? Public Accounts Committee Reveals Taxpayer Dollars Funneled to Liberal Insiders with No Accountability

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Ethics Commissioner Konrad von Finkelstein
The Opposition with Dan Knight

Public Accounts Committee reveals SDTC’s rampant conflicts of interest, lack of oversight, and millions in taxpayer dollars benefiting insiders—while Liberal MPs defend Trudeau’s “green” slush fund.

What happens when politicians promise “green energy” but deliver taxpayer-funded corruption? If you tuned in to Canada’s Public Accounts Committee this week, you found out. On the hot seat was Sustainable Development Technology Canada (SDTC), a bloated agency supposedly designed to fund sustainable technology but apparently also set up as a welfare program for ethically dubious board members.

Now, SDTC isn’t some fledgling startup or small-time charity. This agency is sitting on $330 million of your money – Canadian taxpayer money. And what did Canada’s Auditor General find in her investigation? An unbelievable 186 conflicts of interest. That’s not an organization with a few bad apples; that’s a systematic problem.

So why isn’t anyone doing anything? Here’s where it gets even more outrageous. Enter Ethics Commissioner Konrad von Finkelstein, a man whose entire job is to hold officials accountable for ethical breaches. Did he step up to expose the corruption in SDTC? Not really. Von Finkelstein told the committee that his role is simply to “expose” conflicts of interest, not to actually do anything about them. Think about that. Here’s a man whose salary is funded by taxpayers, and his job description basically amounts to reading out loud the names of people breaking the rules.

Conservative MP Michael Cooper wasn’t having it. Cooper laid it out for von Finkelstein, practically begging him to explain why only two out of dozens of SDTC board members were investigated. But von Finkelstein’s excuse? He couldn’t bother because – get this – the Auditor General had already done the hard work. If that sounds like passing the buck, it’s because it is. Canadians aren’t paying for an Ethics Commissioner to sit back and watch. They’re paying for an official who’s supposed to defend the integrity of public institutions. But that’s clearly not happening here.

Liberal Apologists at Work

Not everyone on the committee wanted answers, though. Some were too busy defending SDTC’s “noble” cause. Liberal MP Nathaniel Erskine-Smith practically bent over backward trying to downplay the whole thing. When Conservative MPs called SDTC a “green slush fund,” Erskine-Smith got indignant. He insisted that SDTC wasn’t a criminal organization and took offense at the term “slush fund.” Really? Because if funneling millions of public dollars into the hands of connected board members isn’t a slush fund, I don’t know what is.

Let’s call it what it is. While Erskine-Smith was busy defending SDTC’s “mission,” the committee heard exactly how that mission was carried out – through unethical, undisclosed conflicts of interest, with board members giving funds to companies they had direct financial ties to. And what did Erskine-Smith call this? Just a “few ethical lapses,” as if millions of taxpayer dollars being handed out without oversight is a minor paperwork error.

The Ethics Commissioner’s Toothless Office

Bloc MP Nathalie Sinclair-Desgagné and NDP MP Richard Cannings pressed von Finkelstein on his office’s glaring lack of oversight. Why was he investigating just two board members when nearly 200 conflicts of interest were flagged? His answer was almost laughable: His office couldn’t enforce anything, couldn’t recoup the wasted money, and couldn’t even stop the bleeding of taxpayer funds because his role is “limited.” Limited? That’s putting it lightly.

And here’s where it gets even more insulting. Von Finkelstein admitted that he wouldn’t coordinate with other agencies like the RCMP or the Auditor General to go after these ethical lapses. This office, which exists solely to enforce ethical standards, can’t or won’t go after those breaking them. It’s as if the Ethics Commissioner’s job is to stand back and announce that something unethical happened, only to shrug and do nothing about it. Can you imagine running any organization that way? Of course not – but in the Canadian government, this seems to be the new normal.

Auditor Testifies, and It’s Worse Than We Thought

Just when we thought the Ethics Commissioner’s testimony had exposed the worst of Canada’s green-tech “accountability” disaster, along comes Auditor General official Michel Bédard. You’d think with the staggering amount of taxpayer money SDTC has under its control, someone would be keeping tabs. But if today’s testimony proved anything, it’s that this agency has zero meaningful oversight, a culture that actively ignores conflicts of interest, and no one stepping in to protect Canadians’ hard-earned money.

So, here we go again. 186 conflicts of interest, millions in public funds granted to companies with ties to board members—SDTC is basically the Wild West of “green” government spending. And guess what? Just like the Ethics Commissioner, Bédard’s office can report on it, but he admitted they can’t actually do anything to stop it. All that money might as well be floating in a pool, with insiders diving in for their share.

The “Accountability” Problem: Michael Cooper’s Pointed Questions

Conservative MP Michael Cooper wasn’t here to play around. He honed in on the obvious question: if SDTC’s board members aren’t held accountable, what’s the point of an Auditor General report? Cooper pushed Bédard to explain why these SDTC board members weren’t facing any real consequences. Bédard’s response? His office doesn’t have the authority to penalize or recover funds—it’s all just for show. That’s the message, folks: this is a government program that “monitors” ethical breaches but has no teeth.

If you’re wondering why SDTC board members feel free to treat taxpayers’ dollars like a bottomless well, this is it. They know that nothing’s going to happen. Cooper hit the nail on the head when he called out the lack of deterrence, and Canadians ought to be asking: why are we funding oversight bodies that can’t actually hold people accountable?

Liberals Try to Soften the Blow—Iqra Khalid’s Flimsy Defense

Then, enter Liberal MP Iqra Khalid, swooping in with damage control. Her goal? To downplay this mess as if it’s all just a big misunderstanding. She floated the idea that SDTC’s ethical violations weren’t “intentional misconduct” but simply lapses in judgment, suggesting board members maybe didn’t “understand” conflict-of-interest rules. Are we supposed to believe that these seasoned board members—handling millions in taxpayer funds—just forgot their ethics training?

Khalid hinted that more “training” and “internal guidance” would fix things. Bédard’s subtle response was telling: yes, training is helpful, but let’s be clear, SDTC’s issues are deeper. It’s a cultural problem within an organization that has no incentive to follow the rules. Training can’t fix a system that fundamentally disregards ethical standards. Khalid’s attempt to sidestep accountability only underscored what’s really happening here—a refusal to impose consequences.

Nathalie Sinclair-Desgagné and Richard Cannings: Why Aren’t Taxpayers Being Compensated?

Bloc Québécois MP Nathalie Sinclair-Desgagné and NDP MP Richard Cannings brought up the most glaring issue yet: where’s the money? Taxpayers are funding SDTC, watching it go straight into the hands of conflicted board members, and yet, there’s no mechanism to get that money back. Sinclair-Desgagné demanded answers on why SDTC couldn’t recoup funds that were misappropriated due to these ethical lapses. Bédard’s response? The Auditor General’s office has no authority to force financial recovery, meaning SDTC’s board can make conflicted decisions with no risk of losing the cash.

Cannings and Sinclair-Desgagné went further, questioning whether anything less than legislative reform could solve this crisis. It was clear that these MPs understood the root of the problem: SDTC’s oversight is built on a house of cards, with taxpayer money at stake and no tools to hold anyone accountable. Canadians are effectively writing blank checks to a board of insiders who profit without consequences.

The Big Picture: A Culture of Entitlement and Zero Accountability

Michel Bédard’s testimony laid bare the sickening entitlement within SDTC’s leadership. This isn’t a minor oversight or an accidental misunderstanding—this is a systemic culture where people with a financial stake in the projects can vote themselves money, and no one bats an eye. Worse, the Liberal defense of SDTC is that because it has a “green mission,” its failures somehow don’t matter. They’re telling Canadians that as long as the organization’s purpose sounds virtuous, the rules don’t apply.

Let’s be real. No one believes that SDTC’s board members are unaware of basic ethics rules. These are people who sit in decision-making positions, who know full well the implications of conflict of interest. What’s happened here is that they’re taking advantage of a system that has no means of holding them accountable, and they know it.

What Canada Needs Now, Real Accountability, Not Empty Promises

The real takeaway from Bédard’s testimony? Canada’s so-called oversight framework is a farce. The Trudeau government has set up an accountability structure that looks good on paper but doesn’t stop the political class from dipping their hands in taxpayer money. If we want to see real change, Canadians need a complete overhaul of the system—one that actually empowers the Auditor General and Ethics Commissioner to take action and enforce consequences, not just to “report” and move on. Until that happens, SDTC will keep doing what it does best: functioning as a de facto slush fund for Trudeau’s elite insiders, where conflicts of interest are not exceptions but the rule.

Canadians deserve far better than a government handing out their tax dollars to political friends who think they’re untouchable. Michel Bédard’s testimony laid bare SDTC’s blatant failures, and it’s a moment of reckoning. Will any of these politicians rise above the corruption and demand real reform? Or will this testimony be just another chapter in the Trudeau government’s long saga of accountability failures?

Let’s get one thing straight: this isn’t about “green energy” or “sustainability.” Those are just fancy words bureaucrats use while they funnel public money to friends and business associates without a shred of oversight. And here’s the kicker—Liberal MPs want Canadians to think this is just a “misunderstanding” or, worse, that questioning it is somehow unpatriotic. It’s the Trudeau swamp at its finest: shut down accountability by slapping a green label on taxpayer-funded corruption and hoping no one notices.

Let’s face it: Sustainable Development Technology Canada isn’t operating in some dark corner of bureaucracy. It’s operating right out in the open, with the full backing of Trudeau’s government, while the Ethics Commissioner, the Auditor General, and Liberal MPs play the role of political apologists, doing everything they can to sweep this rot under the rug.

This committee session showed Canadians one thing loud and clear: they’re being lied to. Told that their money is supporting green technology, but instead, it’s being pocketed by insiders. SDTC, the Ethics Commissioner, the Auditor General—they’re not protecting Canadians. They’re protecting the interests of a political class that’s putting cronyism above the public good.

In a fair system, people would lose their jobs over this. Taxpayer money would be repaid. And those who let SDTC slip through the cracks would face consequences. But in Trudeau’s Canada, officials hide behind excuses, Ethics Commissioners wring their hands about “exposure,” and Liberal MPs get offended when we dare call corruption for what it is.

This isn’t “oversight.” It’s an insult to every Canadian who funds this government. It’s time to drain the Trudeau swamp, end the era of unchecked cronyism, and demand real, accountable governance. Canadians deserve nothing less.

Business

China’s economy takes a hit as factories experience sharp decline in orders following Trump tariffs

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Quick Hit:

President Trump’s tariffs on Chinese imports are delivering a direct blow to China’s economy, with new data showing factory activity dropping sharply in April. The fallout signals growing pressure on Beijing as it struggles to prop up a slowing economy amid a bruising trade standoff.

Key Details:

  • China’s manufacturing index plunged to 49.0 in April — the steepest monthly decline in over a year.
  • Orders for Chinese exports hit their lowest point since the Covid-19 pandemic, according to official data.
  • U.S. tariffs on Chinese goods have reached 145%, with China retaliating at 125%, intensifying the standoff.

Diving Deeper:

Three weeks into a high-stakes trade war, President Trump’s aggressive tariff strategy is showing early signs of success — at least when it comes to putting economic pressure on America’s chief global rival. A new report from China’s National Bureau of Statistics shows the country’s manufacturing sector suffered its sharpest monthly slowdown in over a year. The cause? A dramatic drop in new export orders from the United States, where tariffs on Chinese-made goods have soared to 145%.

The manufacturing purchasing managers’ index fell to 49.0 in April — a contraction level that underlines just how deeply U.S. tariffs are biting. It’s the first clear sign from China’s own official data that the trade measures imposed by President Trump are starting to weaken the export-reliant Chinese economy. A sub-index measuring new export orders reached its lowest point since the Covid-19 pandemic, and factory employment fell to levels not seen since early 2024.

Despite retaliatory tariffs of 125% on U.S. goods, Beijing appears to be scrambling to shore up its economy. China’s government has unveiled a series of internal stimulus measures to boost consumer spending and stabilize employment. These include pension increases, subsidies, and a new law promising more protection for private businesses — a clear sign that confidence among Chinese entrepreneurs is eroding under Xi Jinping’s increasing centralization of economic power.

President Trump, on the other hand, remains defiant. “China was ripping us off like nobody’s ever ripped us off,” he said Tuesday in an interview, dismissing concerns that his policies would harm American consumers. He predicted Beijing would “eat those tariffs,” a statement that appears more prescient as China’s economic woes grow more apparent.

Still, the impact is not one-sided. Major U.S. companies like UPS and General Motors have warned of job cuts and revised earnings projections, respectively. Consumer confidence has also dipped. Yet the broader strategy from the Trump administration appears to be focused on playing the long game — applying sustained pressure on China to level the playing field for American workers and businesses.

Economists are warning of potential global fallout if the trade dispute lingers. However, Beijing may have more to lose. Analysts at Capital Economics now predict China’s growth will fall well short of its 5% target for the year, citing the strain on exports and weak domestic consumption. Meanwhile, Nomura Securities estimates up to 15.8 million Chinese jobs could be at risk if U.S. exports continue to decline.

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Scott Bessent says U.S., Ukraine “ready to sign” rare earths deal

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Quick Hit:

During Wednesday’s Cabinet meeting, Treasury Secretary Scott Bessent said the U.S. is prepared to move forward with a minerals agreement with Ukraine. President Trump has framed the deal as a way to recover U.S. aid and establish an American presence to deter Russian threats.

Key Details:

  • Bessent confirmed during a Cabinet meeting that the U.S. is “ready to sign this afternoon,” even as Ukrainian officials introduced last-minute changes to the agreement. “We’re sure that they will reconsider that,” he added during the Cabinet discussion.

  • Ukrainian Economy Minister Yulia Svyrydenko was reportedly in Washington on Wednesday to iron out remaining details with American officials.

  • The deal is expected to outline a rare earth mineral partnership between Washington and Kyiv, with Ukrainian Armed Forces Lt. Denis Yaroslavsky calling it a potential turning point: “The minerals deal is the first step. Ukraine should sign it on an equal basis. Russia is afraid of this deal.”

Diving Deeper:

The United States is poised to sign a long-anticipated rare earth minerals agreement with Ukraine, Treasury Secretary Scott Bessent announced  during a Cabinet meeting on Wednesday. According to Bessent, Ukrainians introduced “last minute changes” late Tuesday night, complicating the final phase of negotiations. Still, he emphasized the U.S. remains prepared to move forward: “We’re sure that they will reconsider that, and we are ready to sign this afternoon.”

As first reported by Ukrainian media and confirmed by multiple Ukrainian officials, Economy Minister Yulia Svyrydenko is in Washington this week for the final stages of negotiations. “We are finalizing the last details with our American colleagues,” Ukrainian Prime Minister Denys Shmyhal told Telemarathon.

The deal follows months of complex talks that nearly collapsed earlier this year. In February, President Trump dispatched top officials, including Bessent, to meet with President Volodymyr Zelensky in Ukraine to hammer out terms. According to officials familiar with the matter, Trump grew frustrated when Kyiv initially refused U.S. conditions. Still, the two sides ultimately reached what Bessent described as an “improved” version of the deal by late February.

The effort nearly fell apart again during Zelensky’s February 28th visit to the White House, where a heated Oval Office exchange between the Ukrainian president, Trump, and Vice President JD Vance led to Zelensky being removed from the building and the deal left unsigned.

Despite those setbacks, the deal appears to be back on track. While no public text of the agreement has been released, the framework is expected to center on U.S.-Ukraine cooperation in extracting rare earth minerals—resources vital to modern manufacturing, electronics, and defense technologies.

President Trump has publicly defended the arrangement as a strategic and financial win for the United States. “We want something for our efforts beyond what you would think would be acceptable, and we said, ‘rare earth, they’re very good,’” he said during the Cabinet meeting. “It’s also good for them, because you’ll have an American presence at the site and the American presence will keep a lot of bad actors out of the country—or certainly out of the area where we’re doing the digging.”

Trump has emphasized that the deal would serve as a form of “security guarantee” for Ukraine, providing a stabilizing American footprint amid ongoing Russian aggression. He framed it as a tangible return on the billions in U.S. aid sent to Kyiv since the start of Russia’s 2022 invasion.

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