Mark Carney, former central banker, UN climate envoy, Davos heart-throb and author of Very Serious Climate Words™, is now prime minister of Canada and has decided the best way to confront an "existential threat" is to, uh, set the climate plan on fire and throw a pipeline on top. Next to Donald Trump, he still looks like a responsible adult – which tells you more about Trump’s America than it does about Carney’s Canada.
After activists helped put him in power expecting a climate hawk, Carney’s first big move was to scrap the consumer carbon price and then systematically gut almost every meaningful mandate: methane rules weakened and delayed, a clean electricity standard pushed from 2035 to 2050 with new gas plants invited back in, the long-fought oil and gas emissions cap tossed, anti-greenwashing laws flagged for rollback, and zero-emission vehicle mandates kneecapped so hard EV sales cratered. It’s like watching someone take a carefully built climate Jenga tower and play it drunk, blindfolded, and sponsored by Suncor.
He’s also gone full petro-state cosplay: fast-tracking LNG terminals and pipelines, carving out deregulated "nation-building" zones, shoveling tax credits at carbon capture schemes that conveniently help frack more oil, and launching a so-called "sovereign wealth fund" that looks suspiciously like a public-money firehose for new fossil infrastructure. A windfall profits tax on oil and gas companies riding the Iran war to record profits? Absolutely not – can’t have the donors feeling pinched.
The climax came with a cozy deal with Alberta premier Danielle Smith – whose base includes a Trump-backed separatist movement – to clear the way for yet another bitumen pipeline while dramatically weakening Alberta’s industrial carbon price. The result: a carbon price that was supposed to hit $170/tonne by 2030 now limps to $130 by 2040, prompting even the mild-mannered Canadian Climate Institute to say net zero by 2050 is now fantasy. Carney’s defenders swear this is all 4D chess to keep Canada united; what it actually looks like is the familiar Trump-era formula: appease the loudest reactionaries, reward fossil oligarchs, and hope nobody notices the climate promises dissolving in a haze of PR and pipeline approvals.