A closer look at the broader implications of Mark Carney’s role in a financial industry “cartel” that aligns with activists to impose a climate agenda on American business.

The Brave New Normal podcast (aired February 4, 2025)

Host Jason James sits with Michelle Stirling, the spokesperson for Friends of Science: a collective of scientists challenging the climate change narrative. [Go to: Mark Carney and the Climate Cartel Green Racketeering Ring].

Summary

The discussion draws into focus Mark Carney, a Canadian economist and banker who has since become the 24th prime minister of Canada. Of particular interest is Carney’s ties to a “climate cartel”—a network of billionaires and bureaucrats, powerful financial institutions and environmental groups who work together to push for radical climate policies. The climate cartel aims to decarbonize industries, says Stirling, particularly those in fossil fuels, aviation, and farming, using pressure tactics such as shareholder resolutions and board replacements.

Understanding Carney’s role in the climate cartel is crucial for Canadian voters and people worldwide, she says, as it sheds light on the broader implications of his policies. For example, Carney’s 2015 speech, “Breaking the Tragedy of the Horizon,” during his time as governor of the Bank of England, is highlighted as a pivotal moment that galvanized financial institutions to prioritize climate change issues. However, the data Carney referenced, such as sea level rise, has been criticized for being inaccurate.

Highlights From the Discussion:

The U.S. House Judiciary Committee identified the climate cartel while investigating how major asset managers like BlackRock were pressuring companies not to invest in fossil fuels or increase production. These asset managers were using the investments of various states that were clients of BlackRock, states that also relied on oil, gas, and coal production. The states realized that their asset manager was undermining their own industries, leading to a conflict of interest.

The committee conducted extensive interviews and reviewed millions of documents. They found that this practice constituted an antitrust violation because these large investors, in their support of the goal of net-zero emissions, were influencing their investees in a coordinated manner, which raised concerns about unfair competition and market manipulation.

The climate cartel has been credited with escalating pressure tactics in its efforts to decarbonize industries and push for radical climate policies, starting with negotiations with corporate management, filing and flagging stockholder proxy resolutions, and ultimately replacing boards of directors at companies that resist their demands.

Described as waging a global war for net zero, the climate cartel targets industries that are essential to the American way of life. They use military metaphors to describe their strategy, which is ultimately to keep fossil fuels in the ground, raising prices and reducing output for American consumers. This model was reportedly developed in Alberta, where the United Nations Principles for Responsible Investment (UNPRI) pressured the government to adopt climate policies after a significant investment was pledged.

The cartel uses environmental groups to push their agendas, such as promoting heat pumps in Canada. These groups conduct grassroots campaigns to create public demand, which politicians then respond to, often unaware of the corporate interests behind the scenes. This mirrors historical precedents like Enron, which lobbied for cap-and-trade systems to profit from emissions trading. [See: Enron’s Other Secret].

Mark Carney is seen as a central figure in this cartel, having influenced policies that benefit his investments in renewable energy. Despite his recent withdrawal from some roles, his sway remains significant. Canada’s alignment with the U.S. is essential due to economic and security dependencies. There is a concern that if Canada continues down this path, it could face severe economic and security consequences.

If the climate cartel is found guilty of antitrust violations in the U.S., it could have significant implications. There is speculation that Mark Carney might have pursued the position of prime minister to gain diplomatic immunity or to expand the cartel’s influence, especially as the U.S. under Donald Trump has distanced itself from global climate agreements.

Canada is seen as a key player in the climate cartel’s agenda due to its valuable natural resources and existing carbon pricing system. Carney’s role as prime minister could provide a new base for the cartel to spread its influence and continue its efforts to implement global climate policies.

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