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Terry Newman: Carney is a walking conflict of interest
He's already admitted potential conflicts may exist, but has still chosen not to proactively disclose what they might be
Canadians have a right to know before election day how Mark Carney’s past work life could intersect with his role as prime minister, and not four months from now, when the ethics commissioner finishes his report.
There are several potential issues that could arise under a Mark Carney government. Most are connected to his time at Brookfield Asset Management. These include potential conflicts of interest with investments tied to the firm’s performance, his former business relationship with China, and his net-zero work, which calls into question his commitment to Canadian energy. These could be potential issues for any government leader, regardless of party.
Up until the day before he threw his hat into the Liberal leadership race, Carney held two positions at Brookfield, a global investment firm “focused on building long-term wealth for institutions and individuals around the world” — vice chair, and head of transition investing.
Brookfield describes itself as having three core businesses: alternative asset management, wealth solutions, and operating businesses in “renewable power, infrastructure, business and industrial services, and real estate.” And like all investment firms, when Brookfield wins, its investors, as well as current and former stockholders, win. As it should be.
However, issues may arise when an individual who was formerly involved in these activities, e.g., guiding investments towards specific renewables, infrastructure, and other projects globally, and building relationships with foreign companies and states for the purpose of enriching an investment firm, suddenly becomes the political leader of a country with its own national resource industry interests.
Will a Carney government be making decisions that would directly or indirectly affect his financial assets? How can Canadians be assured that Carney’s promise to make Canada a “clean energy superpower” isn’t influenced by the possibility that it could enrich both Brookfield and himself?
https://nationalpost.com/opinion/terry-newman-carney-is-a-walking-conflict-of-interest
Every snowflake in a avalanche ever feels responsible
They just following the flow