The Mark Carney[val] is in Full Bloom[berg] Part 1

Over eight years ago rumours were flying around about future leadership of the Liberal Party of Canada (LPC) suggesting some members and sitting MPs were trying to convince Mark Carney to run for the leadership of the party to challenge Justin Trudeau.  A Globe and Mail article from December 15, 2012 about the rumour quoted Carney saying:  “Certain people want things to happen … the political world, it seems to me, is a world for optimists. I’m in a world that’s a world for realists.”   As suggested in his remark, Carney declined those pushing for him to run for leadership of the LPC! Shortly after the rumours were swirling, Carney went off to become Governor of the Bank of England until March 2020 when he stepped down.

Carney’s juggling Act begins:

After stepping down Carney was appointed as the UN’s Special Envoy on Climate Action and Finance and the UK’s Prime Minister, Boris Johnson, appointed him  Finance Advisor for the COP26 UN climate change conference planned for Glasgow in November 2021

Then on August 26. 2020 Brookfield Asset Management ($600 billion of assets under management) announced Carney had been appointed Vice Chair and Head of ESG (environmental, social and governance) and Impact Fund Investing so his responsibilities, titles and presumably his income kept growing. At one point after he became Vice Chair during an interview, he was quoted stating “Brookfield is in a position today where we are net zero,” Carney said, referring to all of the company’s assets.”  Carney was challenged on that claim and had to walk back on it after being accused of a false claim by many who simply pointed to Brookfield’s investment portfolio. Since the foregoing happened Brookfield, ironically, have been trying hard to acquire Inter Pipeline and recently upped their offer price in a takeover attempt. One wonders how Carney as Vice Chair and head of ESG at Brookfield feels about that move away from his prior claim of “net-zero” and if he blessed it?   

Shortly after his UN appointment he launched what appears to be the big money maker in the world of those who are super rich and use the words “net-zero” in a manner opining; mankind controls the climate! The new entity; “Private Sector Voluntary Carbon Markets Taskforce (TSVCM) was established to help meet climate goals. The September 02, 2020 press release noted: “Initiated by Mark Carney, the group will deliver an action-oriented solutions blueprint. WASHINGTON D.C. AND LONDON – Today, a private sector-led taskforce was launched to begin scaling Voluntary Carbon Markets, which need to be grown and consolidated to help meet the goals agreed in the Paris Climate Agreement.”

Carney was and still is a member of the Group of Thirty and Co-Chairs their Steering Committee; “Working Group on Climate Change” (WGCC). The latter issued a report dated October 2020 titled “Mainstreaming the Transition to a Net-Zero Economy. This group of “economists” (principally) infer; “The evidence that climate change is posing unprecedented risks to our livelihoods is overwhelming.” and goes on to claim “these effects pale in significance compared to what might come. If the world continues on its current path”. Interestingly two of the “experts” presumably involved in generating the report were from BlackRock, the largest asset management firm in the world with over $8 trillion under management.  The scaremongering continues despite many factual scientific studies that show mankind’s influence on “climate change” is far below those “economic” predictions.

 Task Force for Climate-Related Disclosure
The Financial Stability Board established the TCFD to develop recommendations for more effective climate-related disclosures that could promote more informed investment, credit, and insurance underwriting decisions and, in turn, enable stakeholders to understand better the concentrations of carbon-related assets in the financial sector and the financial system’s exposures to climate-related risks.

During Mark Carney’s tenure as Governor of the Bank of Canada and then as Governor of the Bank of England he also served as Chair of the FSB (Financial Stability Board) from 2011 to 2018 and during that time he created TCFD (Task Force on Climate-Related Financial Disclosures) with none other than Michael Bloomberg as the Chairman. “The Financial Stability Board established the TCFD to develop recommendations for more effective climate-related disclosures that could promote more informed investment, credit, and insurance underwriting decisions and, in turn, enable stakeholders to understand better the concentrations of carbon-related assets in the financial sector and the financial system’s exposures to climate-related risks.”

Just before (September 17, 2020) the aforementioned WGCC report was issued, Mark Carney was added to PIMCO’s (Pacific Investment Management Company with assets exceeding $2.2 trillion) Global Advisory Board.  They noted; “Mark’s extensive experience as an economist and central banker, combined with his focus on transforming climate finance, makes him an invaluable addition to this renowned group of thinkers,” said Emmanuel Roman, PIMCO’s Chief Executive Officer.” One wonders with all the responsibilities Carney had by that date just how much time could he devout to “this renowned group of thinkers”?

In February 2021 “Stripe”, a global technology company (market value of $115 billion) building economic infrastructure for the internet, announced that Mark Carney, the former Governor of the Bank of England and the Bank of Canada, had joined the company’s board of directors.”  

His Holiness Pope Francis appears to have been the inspiration in the founding of the Council for Inclusive Capitalism with The Vatican and surprise, surprise, Mark Carney is on their Steering Committee. The “Council” members reputedly have $10.5 trillion in assets under management and $2.1 trillion in market capitalization.

The World Economic Forum (WEF) is the International Organization for Public-Private Cooperation and was founded by Charles Schaub in 1971 and advocates for an “inclusive and sustainable economy for all.”  Based on what is evident the words “inclusive” and “all” references the super-rich like Bloomberg, Fink, Gates and others.  Mark Carney is on the WEF’s Board of Trustees where none other than Laurence Fink (BlackRock) is also a trustee.  They are joined by Canada’s Finance Minister, Chrystia Freeland and Mr. “climate change” himself, Al Gore.  

Carney is also a board member of the Peterson Institute for International Economics (PIIE) self-described as a, “independent nonprofit, nonpartisan research organization dedicated to strengthening prosperity and human welfare in the global economy through expert analysis and practical policy solutions.” The foregoing is their claim but they have been on about the effects of “climate change” for well over a decade so anyone who is a “climate realist” would not support the “nonpartisan” allegation!

Carney is also a member of Bloomberg Philanthropies founded by multi-billionaire Michael Bloomberg. They report: “In 2020, Bloomberg Philanthropies invested $1.6 billion around the world. Over his lifetime, Mike has so far given $11.1 billion to philanthropy.”  It certainly appears a fair portion of that money was aimed at fighting “climate change”.

Carney’s biography also states he is a member of the Board at the Hoffmann Global Institute for Business and Society at INSEAD (The Business School for the World) but beyond his appearance at an INSEAD function as a speaker the search on their website and elsewhere turned up nothing.

Yet another Carney creation via “MARK CARNEY’S PRIVATE FINANCE HUB” is GFANZ where he is the Chair.

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If one totes up the aforementioned entities Mark Carney created or is the Chair or Vice-Chair of and those where he holds a directorship or is on a steering committee you will reach the number fifteen (15). One would surmise most of those positions would require him to spend considerable time on the myriad of details associated with revising financial theories that have been around for centuries and combining those theories with the complexities of “climate change”! Nevertheless, he seems intent on convincing us he is the world’s reigning champion of juggling and can keep those fifteen responsibilities in his eye sight while achieving the goals set for him.

We all will be affected by his efforts to redefine financial issues and achieve net-zero. We must focus on his failures such as his false claim as Vice-Chair of Brookfield Asset Management, “we are net zero”!  There are surely more falsehoods to follow!  

How did Carney get so many auspicious appointments and what are he and his circus of super-rich benefactors and unelected UN bureaucrats aiming for?  Oh, it must be because he is “in a world that’s a world for realists.” How could we forget!  

NB: Stay tuned for Part Two of this series that will provide better insight on the foregoing question.

Author: parkergallantenergyperspectivesblog

Retired international banker.

13 thoughts on “The Mark Carney[val] is in Full Bloom[berg] Part 1”

  1. Chris make Parker one of your first contacts….hes really in line with us for sure.

    On Fri, Jul 16, 2021 at 10:55 AM Parker Gallant Energy Perspectives wrote:

    > parkergallantenergyperspectivesblog posted: ” Over eight years ago rumours > were flying around about future leadership of the Liberal Party of Canada > (LPC) suggesting some members and sitting MPs were trying to convince Mark > Carney to run for the leadership of the party to challenge Justin > Trudeau.&n” >

    Like

  2. Parker, this is an excellent start! Thank you.
    Are you aware the he is also head of the advisory board of the ‘climate change emergency’ that some Canadian universities have signed ? One could speculate on the ramifications.

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    1. Sad the Carney’s are pushing this university crap “global governance and international public policy” when we actually need graduates with skill sets that generate jobs increasing our ability to be inventive and help to reduce poverty in Canada and around the world.

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    1. Interesting that this is on ‘Balsillie’ letterhead. Remember when Evan Soloman lost his job at CBC for profiting (received huge commissions) from the sale of art to wealthy and highly connected individuals that he had interviewed on CBC? The wealthy and influential individuals were none other than Mark Carney and Jim Balsillie!

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  3. FABULOUS!!

    I was going to say you need a Part 2! So excited to read that there will be one! There is probably enough material on this cabal for a 10 part series!

    Well done Parker!

    Nancy

    Sent from my iPad

    >

    Liked by 1 person

  4. The salaries/stipends associated with all of these positions must be in the millions of dollars per year for a man who already must be a millionaire many times over. One can only admire the amount of work he does, while being saddened that it is directed to so harmful a cause. Strip away all the propaganda about “saving the planet”, and what the climate catastrophe industry wants is to diminish the standards of living of people in the OECD countries; promote the industrialization and enrichment of the emerging economies in China, India and Southeast Asia; and prevent the poorest countries in Africa and elsewhere from being able to improve the incomes and standards of living of their people through increased access to affordable and reliable fossil fuel energy sources. For promoting these objectives, Carney should be rebuked, not lionized.

    Liked by 1 person

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