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Fact Check: Fossil fuel companies are the main source of climate misinformation.

Fact Check: Fossil fuel companies are the main source of climate misinformation.

Published June 21, 2025
by TruthOrFake AI
✓
VERDICT
True

# Fact Check: Fossil Fuel Companies Are the Main Source of Climate Misinformation ## What We Know Fossil fuel companies have a long history of promot...

Fact Check: Fossil Fuel Companies Are the Main Source of Climate Misinformation

What We Know

Fossil fuel companies have a long history of promoting climate misinformation, dating back to the 1950s. Internal documents reveal that industry executives were aware of the connection between fossil fuel combustion and climate change as early as 1959. Despite this knowledge, companies like ExxonMobil actively engaged in spreading disinformation to avoid regulation and maintain their profits (source-2). Research conducted by Boston University highlights that fossil fuel companies have utilized social media platforms to disseminate misleading information about climate change, with over 22,000 tweets identified as promoting climate disinformation, particularly from accounts linked to ExxonMobil (source-1).

Furthermore, a recent analysis indicated that major oil and gas companies placed thousands of advertisements that misrepresented their environmental efforts during significant climate events, further contributing to the spread of misinformation (source-5). This pattern of behavior has been recognized as a significant barrier to effective climate action (source-8).

Analysis

The evidence supporting the claim that fossil fuel companies are the main source of climate misinformation is robust. Historical documents show that these companies have been aware of the detrimental effects of their products on the environment for decades but chose to promote doubt and denial instead (source-2). The systematic analysis of social media by researchers at Boston University demonstrates a clear strategy employed by these companies to influence public perception and policy discussions regarding climate change (source-1).

Moreover, the prevalence of misleading advertisements, particularly during high-profile climate summits, underscores the ongoing efforts by fossil fuel companies to obscure their role in climate change and promote a false narrative of environmental stewardship (source-5). The reliability of these sources is high, as they are backed by academic research and investigative journalism, which lend credibility to the findings.

However, it is important to note that while fossil fuel companies are significant contributors to climate misinformation, they are not the only actors involved. Other entities, including political groups and certain media outlets, also play a role in disseminating misleading information (source-4). Nonetheless, the evidence overwhelmingly points to the fossil fuel industry as a primary source of misinformation.

Conclusion

Verdict: True
The claim that fossil fuel companies are the main source of climate misinformation is supported by substantial evidence, including historical documentation of their awareness of climate change, systematic dissemination of misleading information on social media, and the use of deceptive advertising practices. These actions have contributed significantly to public confusion and hindered effective climate action.

Sources

  1. Tweets, Ads, and Lies: Researchers Are Fighting against Climate ...
  2. Defense, Denial, and Disinformation: Uncovering the Oil ...
  3. Do fossil fuel firms reframe online climate and sustainability ...
  4. Disinformation Is One of Climate Summit's Biggest Challenges
  5. COP28: Climate activists slam fossil fuel firms over greenwashing ads
  6. 看板 e-shopping 文章列表 - 批踢踢實業坊
  7. InfluenceMap COP Platform Misinformation Tracker
  8. Climate misinformation turning crisis into catastrophe

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Fact Check: There is no question Mark Carney is a brilliant business man and has a very impressive resume. But does he give a shit about you, and for that matter other Canadians? I didn't know anything about Mark Carney a couple of weeks ago and yesterday, I decided to do a little research project. This is what I discovered with about 1 hour of research. Lets take a bit of a dive in… Mark Carney is the UN special envoy on climate change pushing governments around the world to adopt “clean energy”. A great position, no? Interestingly, right up until he entered the Liberal leadership race, he also conveniently sat on the board of Brookfield Asset Management at the same time as he sat in this position with the UN. Brookfield owns $1 trillion in assets under management and many of their portfolios are across renewable power & infrastructure. Hmm, sounds a little conflicty? He has directly profited off of the shutting down and blocking of fossil fuel projects in Canada which he advised Canada to do (and other nations) while making sure so called “green energy” options are pushed and approved, which line his own pockets with green. One of Mark's acts as Chair of the board was to move the head office of Brookfield from Toronto to New York, because of the impending tariff war. Sounds like he has a lot of faith in his ability to put Canada first...and then he lied about the whole situation claiming that he was not chair when Brookfield moved. Maybe true, but he approved the move and voted for it at the first hint of tariffs from Trump, while he was still chair… Let’s look further at Mark’s role with Brookfield though. While he was doing all this “good work”, or rather making western governments do all this good work while he profits off of them, he was also directing Brookfield to act completely contrary environmentally when it suits the firm and their shareholders. While Brookfield manages green companies, they also acquire and invest in “dirty” fossil fuel projects and “carbon releasing” in other parts of the world. “One of Brookfield's collection of assets was 267,000 hectares in Brazil. producing soybeans, sugar, corn and cattle. between 2012 and 2021 Brookfield's subsidiaries deforested around 9,000 hectares on eight large farms in the Cerrado region of Brazil, a vast area bordering the Amazon rainforest. The report estimates that 600,000 tonnes of CO2 was emitted by deforesting these areas, the equivalent of 1.2 million flights from London to New York. A spokesperson for Brookfield said: "Brookfield made limited investments in Brazil's agriculture sector during the last decade. The decision to sell these businesses was taken several years ago because the fund they were held in was reaching the end of its life, and we therefore had an obligation to return capital to investors." Global Witness claims that this decision to sell clashes with public statements subsequently made by Mr. Carney as a global leader on climate policy, which call upon companies not to sell off climate-damaging assets, but to hold onto them and either clean them up or close them down”. - Ben King, BBC 15, Dec, 2022 They cut 9000 hectares of prime forest on the border of the Amazon to expand their GMO farming operations. Wow! How about the $16 billion acquisition of Inter Pipeline by Brookfield”? An oil pipeline, yes. Just two of the many "CO2 emitting" actions that Mark Carney has directed Brookfield on as Chair to the Board while he pushes green energy where it benefits his own books… A 2023 report on Brookfield by “Private Equity Climate Risks” paint a pretty bleak picture. "The combined current fossil fuel investments of Brookfield and Oaktree emit an estimated 159 million metric tons (mt) of CO2 equivalent (CO2e) annually. This is an order of magnitude more than the 11.8 million mt CO2e disclosed in Brookfield’s sustainability reports". So… will Carney be good for Canada? Well all of the above makes me think he is a wolf in sheep's clothing and let’s keep in mind he has been a close financial advisor to Trudeau since 2020. All of the great results of Trudeau’s tenure are the direct result of Carney. Doubling of house prices Record inflation Doubling of Canadians in the line of the food bank Our now crippling national debt and $60 billion deficit One of the biggest red flags for me is that Mark refuses to disclose his own personal financial situation. A guy who just a couple of months ago sat on 20 different corporate boards, including many American companies, promises he has a lot to gain by becoming PM. He is an ultra elite globalist who is 100% a part of the decisions that have led to Canada’s downfall and left us so vulnerable and if he remains as PM for any length of time, I feel Canada may end up bankrupt. The media will tell you that Mark is the guy to take on Trump, but the truth is not hard to uncover if you just do a little digging. Centrum

Detailed fact-check analysis of: There is no question Mark Carney is a brilliant business man and has a very impressive resume. But does he give a shit about you, and for that matter other Canadians? I didn't know anything about Mark Carney a couple of weeks ago and yesterday, I decided to do a little research project. This is what I discovered with about 1 hour of research. Lets take a bit of a dive in… Mark Carney is the UN special envoy on climate change pushing governments around the world to adopt “clean energy”. A great position, no? Interestingly, right up until he entered the Liberal leadership race, he also conveniently sat on the board of Brookfield Asset Management at the same time as he sat in this position with the UN. Brookfield owns $1 trillion in assets under management and many of their portfolios are across renewable power & infrastructure. Hmm, sounds a little conflicty? He has directly profited off of the shutting down and blocking of fossil fuel projects in Canada which he advised Canada to do (and other nations) while making sure so called “green energy” options are pushed and approved, which line his own pockets with green. One of Mark's acts as Chair of the board was to move the head office of Brookfield from Toronto to New York, because of the impending tariff war. Sounds like he has a lot of faith in his ability to put Canada first...and then he lied about the whole situation claiming that he was not chair when Brookfield moved. Maybe true, but he approved the move and voted for it at the first hint of tariffs from Trump, while he was still chair… Let’s look further at Mark’s role with Brookfield though. While he was doing all this “good work”, or rather making western governments do all this good work while he profits off of them, he was also directing Brookfield to act completely contrary environmentally when it suits the firm and their shareholders. While Brookfield manages green companies, they also acquire and invest in “dirty” fossil fuel projects and “carbon releasing” in other parts of the world. “One of Brookfield's collection of assets was 267,000 hectares in Brazil. producing soybeans, sugar, corn and cattle. between 2012 and 2021 Brookfield's subsidiaries deforested around 9,000 hectares on eight large farms in the Cerrado region of Brazil, a vast area bordering the Amazon rainforest. The report estimates that 600,000 tonnes of CO2 was emitted by deforesting these areas, the equivalent of 1.2 million flights from London to New York. A spokesperson for Brookfield said: "Brookfield made limited investments in Brazil's agriculture sector during the last decade. The decision to sell these businesses was taken several years ago because the fund they were held in was reaching the end of its life, and we therefore had an obligation to return capital to investors." Global Witness claims that this decision to sell clashes with public statements subsequently made by Mr. Carney as a global leader on climate policy, which call upon companies not to sell off climate-damaging assets, but to hold onto them and either clean them up or close them down”. - Ben King, BBC 15, Dec, 2022 They cut 9000 hectares of prime forest on the border of the Amazon to expand their GMO farming operations. Wow! How about the $16 billion acquisition of Inter Pipeline by Brookfield”? An oil pipeline, yes. Just two of the many "CO2 emitting" actions that Mark Carney has directed Brookfield on as Chair to the Board while he pushes green energy where it benefits his own books… A 2023 report on Brookfield by “Private Equity Climate Risks” paint a pretty bleak picture. "The combined current fossil fuel investments of Brookfield and Oaktree emit an estimated 159 million metric tons (mt) of CO2 equivalent (CO2e) annually. This is an order of magnitude more than the 11.8 million mt CO2e disclosed in Brookfield’s sustainability reports". So… will Carney be good for Canada? Well all of the above makes me think he is a wolf in sheep's clothing and let’s keep in mind he has been a close financial advisor to Trudeau since 2020. All of the great results of Trudeau’s tenure are the direct result of Carney. Doubling of house prices Record inflation Doubling of Canadians in the line of the food bank Our now crippling national debt and $60 billion deficit One of the biggest red flags for me is that Mark refuses to disclose his own personal financial situation. A guy who just a couple of months ago sat on 20 different corporate boards, including many American companies, promises he has a lot to gain by becoming PM. He is an ultra elite globalist who is 100% a part of the decisions that have led to Canada’s downfall and left us so vulnerable and if he remains as PM for any length of time, I feel Canada may end up bankrupt. The media will tell you that Mark is the guy to take on Trump, but the truth is not hard to uncover if you just do a little digging. Centrum

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Fact Check: How nuts is Mark Carney? Perhaps nuttier than you think. Have a read of this piece in the Financial Post, by Matthew Lau. "Having left his gig as UN Special Envoy for Climate and Finance to lead the federal Liberal government, Mark Carney is now in a position to focus his and Greta Thunberg’s global climate crusade squarely on Canada. The crusade, Carney boasted back in 2021 while in his previous role, is worth many trillions of dollars. As he told CBC News at that year’s UN climate conference, “We have banks, asset managers, pension funds, insurance companies from around the world — more than 45 countries — and their total resources, totalling US$130 trillion” dedicated to transitioning the world’s economy away from fossil fuels. That dollar figure is higher than global GDP. Last month, Carney laid out Canada’s required contribution to his climate ambitions: “Canada must invest $2 trillion by 2050 — about $80 billion per year — to become carbon competitive and achieve Net Zero. However, investments in decarbonisation currently run between $10–20 billion annually.” The implication is that another $60-70 billion a year will need to be wrung out of Canadian businesses and consumers, either through direct taxation and government spending or with regulatory browbeating to push Canadians’ savings and investments into global warming initiatives. Carney has made no effort to hide his agenda to browbeat businesses into joining his and Greta Thunberg’s climate crusade. In a 2021 interview he declared, “We need a sustainable economy, and is your business aligned with that? Are your hiring practices consistent with that? Are you developing people in a way that’s consistent with that? Ultimately, what’s being asked of businesses when it comes to climate is, do you have a plan for net-zero? Canada has a legislated objective for net zero alongside another 130 countries.” “A Swedish teenager,” Carney continued, referring to Thunberg, “can figure out the carbon budget and that we have less than 10 years and you have to get to net-zero to stabilize it and if you’re a company and you have purpose, well, what’s your plan? And all these plans need to come together.” This is utter insanity: under Justin Trudeau Canada suffered rapidly declining business investment and now his successor wants the country’s business leaders to take financial planning directives from Greta Thunberg. While the federal government barrels down the road to net-zero impoverishment for Canada, everyone else is looking for the exit ramp. In January, six of the largest U.S. banks — JPMorganChase, Bank of America, Citigroup, Wells Fargo, Goldman Sachs, and Morgan Stanley — quit the Carney-led net-zero banking alliance. Canada’s Big Six Banks — RBC, TD Bank, BMO, Scotiabank, CIBC and National Bank — have quit the initiative as well. Even Europe is beginning to back off on government piling climate obligations onto businesses in the name of fighting global warming. As the Wall Street Journal reports, the EU is watering down its climate accounting policies “amid pushback from member states and companies within the bloc over the new rules, which they say would have increased costs and reduced the competitiveness of their business.” Specifically, regulations previously scheduled for this year would have forced companies “to report in detail on their environmental, social and corporate-governance performance while making significant cuts to the emissions from within their supply chain.” The EU is now dropping, weakening or postponing many of these climate regulations, so that businesses will be able to better “grow, innovate, and create quality jobs.” This is effectively an admission that piling climate obligations and environmental reporting mandates onto businesses prevents them from growing, innovating and creating good jobs. Unfortunately, Mark Carney is all about climate obligations and reporting mandates. The road Canada is currently marching down for climate-related financial disclosures is based on a framework proposed by a task force Carney initiated in 2015. His aforementioned Thunberg-praising interview was not with an environmental journalist, but with Pivot Magazine, which is published by CPA Canada, the accounting industry’s national association. “We cannot get to net-zero without proper climate reporting,” he insisted, speaking of the need for “one core global standard” for climate accounting and reporting. A global climate reporting standard to help push trillions of dollars — yes, trillions with a “T” — from Canadian workers and taxpayers into Mark Carney and Greta Thunberg’s climate crusade? After a decade of Justin Trudeau’s ruinous policies weakening Canada from coast to coast, there could be little worse for the country and its economy than a Liberal government led by Mark Carney." The Financial Post Cape Breton Politics Jason Boudreau · 1h · Big numbers in unions. 😁😁

Detailed fact-check analysis of: How nuts is Mark Carney? Perhaps nuttier than you think. Have a read of this piece in the Financial Post, by Matthew Lau. "Having left his gig as UN Special Envoy for Climate and Finance to lead the federal Liberal government, Mark Carney is now in a position to focus his and Greta Thunberg’s global climate crusade squarely on Canada. The crusade, Carney boasted back in 2021 while in his previous role, is worth many trillions of dollars. As he told CBC News at that year’s UN climate conference, “We have banks, asset managers, pension funds, insurance companies from around the world — more than 45 countries — and their total resources, totalling US$130 trillion” dedicated to transitioning the world’s economy away from fossil fuels. That dollar figure is higher than global GDP. Last month, Carney laid out Canada’s required contribution to his climate ambitions: “Canada must invest $2 trillion by 2050 — about $80 billion per year — to become carbon competitive and achieve Net Zero. However, investments in decarbonisation currently run between $10–20 billion annually.” The implication is that another $60-70 billion a year will need to be wrung out of Canadian businesses and consumers, either through direct taxation and government spending or with regulatory browbeating to push Canadians’ savings and investments into global warming initiatives. Carney has made no effort to hide his agenda to browbeat businesses into joining his and Greta Thunberg’s climate crusade. In a 2021 interview he declared, “We need a sustainable economy, and is your business aligned with that? Are your hiring practices consistent with that? Are you developing people in a way that’s consistent with that? Ultimately, what’s being asked of businesses when it comes to climate is, do you have a plan for net-zero? Canada has a legislated objective for net zero alongside another 130 countries.” “A Swedish teenager,” Carney continued, referring to Thunberg, “can figure out the carbon budget and that we have less than 10 years and you have to get to net-zero to stabilize it and if you’re a company and you have purpose, well, what’s your plan? And all these plans need to come together.” This is utter insanity: under Justin Trudeau Canada suffered rapidly declining business investment and now his successor wants the country’s business leaders to take financial planning directives from Greta Thunberg. While the federal government barrels down the road to net-zero impoverishment for Canada, everyone else is looking for the exit ramp. In January, six of the largest U.S. banks — JPMorganChase, Bank of America, Citigroup, Wells Fargo, Goldman Sachs, and Morgan Stanley — quit the Carney-led net-zero banking alliance. Canada’s Big Six Banks — RBC, TD Bank, BMO, Scotiabank, CIBC and National Bank — have quit the initiative as well. Even Europe is beginning to back off on government piling climate obligations onto businesses in the name of fighting global warming. As the Wall Street Journal reports, the EU is watering down its climate accounting policies “amid pushback from member states and companies within the bloc over the new rules, which they say would have increased costs and reduced the competitiveness of their business.” Specifically, regulations previously scheduled for this year would have forced companies “to report in detail on their environmental, social and corporate-governance performance while making significant cuts to the emissions from within their supply chain.” The EU is now dropping, weakening or postponing many of these climate regulations, so that businesses will be able to better “grow, innovate, and create quality jobs.” This is effectively an admission that piling climate obligations and environmental reporting mandates onto businesses prevents them from growing, innovating and creating good jobs. Unfortunately, Mark Carney is all about climate obligations and reporting mandates. The road Canada is currently marching down for climate-related financial disclosures is based on a framework proposed by a task force Carney initiated in 2015. His aforementioned Thunberg-praising interview was not with an environmental journalist, but with Pivot Magazine, which is published by CPA Canada, the accounting industry’s national association. “We cannot get to net-zero without proper climate reporting,” he insisted, speaking of the need for “one core global standard” for climate accounting and reporting. A global climate reporting standard to help push trillions of dollars — yes, trillions with a “T” — from Canadian workers and taxpayers into Mark Carney and Greta Thunberg’s climate crusade? After a decade of Justin Trudeau’s ruinous policies weakening Canada from coast to coast, there could be little worse for the country and its economy than a Liberal government led by Mark Carney." The Financial Post Cape Breton Politics Jason Boudreau · 1h · Big numbers in unions. 😁😁

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Fact Check: How nuts is Mark Carney? Perhaps nuttier than you think. Have a read of this piece in the Financial Post, by Matthew Lau. "Having left his gig as UN Special Envoy for Climate and Finance to lead the federal Liberal government, Mark Carney is now in a position to focus his and Greta Thunberg’s global climate crusade squarely on Canada. The crusade, Carney boasted back in 2021 while in his previous role, is worth many trillions of dollars. As he told CBC News at that year’s UN climate conference, “We have banks, asset managers, pension funds, insurance companies from around the world — more than 45 countries — and their total resources, totalling US$130 trillion” dedicated to transitioning the world’s economy away from fossil fuels. That dollar figure is higher than global GDP. Last month, Carney laid out Canada’s required contribution to his climate ambitions: “Canada must invest $2 trillion by 2050 — about $80 billion per year — to become carbon competitive and achieve Net Zero. However, investments in decarbonisation currently run between $10–20 billion annually.” The implication is that another $60-70 billion a year will need to be wrung out of Canadian businesses and consumers, either through direct taxation and government spending or with regulatory browbeating to push Canadians’ savings and investments into global warming initiatives. Carney has made no effort to hide his agenda to browbeat businesses into joining his and Greta Thunberg’s climate crusade. In a 2021 interview he declared, “We need a sustainable economy, and is your business aligned with that? Are your hiring practices consistent with that? Are you developing people in a way that’s consistent with that? Ultimately, what’s being asked of businesses when it comes to climate is, do you have a plan for net-zero? Canada has a legislated objective for net zero alongside another 130 countries.” “A Swedish teenager,” Carney continued, referring to Thunberg, “can figure out the carbon budget and that we have less than 10 years and you have to get to net-zero to stabilize it and if you’re a company and you have purpose, well, what’s your plan? And all these plans need to come together.” This is utter insanity: under Justin Trudeau Canada suffered rapidly declining business investment and now his successor wants the country’s business leaders to take financial planning directives from Greta Thunberg. While the federal government barrels down the road to net-zero impoverishment for Canada, everyone else is looking for the exit ramp. In January, six of the largest U.S. banks — JPMorganChase, Bank of America, Citigroup, Wells Fargo, Goldman Sachs, and Morgan Stanley — quit the Carney-led net-zero banking alliance. Canada’s Big Six Banks — RBC, TD Bank, BMO, Scotiabank, CIBC and National Bank — have quit the initiative as well. Even Europe is beginning to back off on government piling climate obligations onto businesses in the name of fighting global warming. As the Wall Street Journal reports, the EU is watering down its climate accounting policies “amid pushback from member states and companies within the bloc over the new rules, which they say would have increased costs and reduced the competitiveness of their business.” Specifically, regulations previously scheduled for this year would have forced companies “to report in detail on their environmental, social and corporate-governance performance while making significant cuts to the emissions from within their supply chain.” The EU is now dropping, weakening or postponing many of these climate regulations, so that businesses will be able to better “grow, innovate, and create quality jobs.” This is effectively an admission that piling climate obligations and environmental reporting mandates onto businesses prevents them from growing, innovating and creating good jobs. Unfortunately, Mark Carney is all about climate obligations and reporting mandates. The road Canada is currently marching down for climate-related financial disclosures is based on a framework proposed by a task force Carney initiated in 2015. His aforementioned Thunberg-praising interview was not with an environmental journalist, but with Pivot Magazine, which is published by CPA Canada, the accounting industry’s national association. “We cannot get to net-zero without proper climate reporting,” he insisted, speaking of the need for “one core global standard” for climate accounting and reporting. A global climate reporting standard to help push trillions of dollars — yes, trillions with a “T” — from Canadian workers and taxpayers into Mark Carney and Greta Thunberg’s climate crusade? After a decade of Justin Trudeau’s ruinous policies weakening Canada from coast to coast, there could be little worse for the country and its economy than a Liberal government led by Mark Carney." The Financial Post Cape Breton Politics Jason Boudreau · 1h · Big numbers in unions. 😁😁

Detailed fact-check analysis of: How nuts is Mark Carney? Perhaps nuttier than you think. Have a read of this piece in the Financial Post, by Matthew Lau. "Having left his gig as UN Special Envoy for Climate and Finance to lead the federal Liberal government, Mark Carney is now in a position to focus his and Greta Thunberg’s global climate crusade squarely on Canada. The crusade, Carney boasted back in 2021 while in his previous role, is worth many trillions of dollars. As he told CBC News at that year’s UN climate conference, “We have banks, asset managers, pension funds, insurance companies from around the world — more than 45 countries — and their total resources, totalling US$130 trillion” dedicated to transitioning the world’s economy away from fossil fuels. That dollar figure is higher than global GDP. Last month, Carney laid out Canada’s required contribution to his climate ambitions: “Canada must invest $2 trillion by 2050 — about $80 billion per year — to become carbon competitive and achieve Net Zero. However, investments in decarbonisation currently run between $10–20 billion annually.” The implication is that another $60-70 billion a year will need to be wrung out of Canadian businesses and consumers, either through direct taxation and government spending or with regulatory browbeating to push Canadians’ savings and investments into global warming initiatives. Carney has made no effort to hide his agenda to browbeat businesses into joining his and Greta Thunberg’s climate crusade. In a 2021 interview he declared, “We need a sustainable economy, and is your business aligned with that? Are your hiring practices consistent with that? Are you developing people in a way that’s consistent with that? Ultimately, what’s being asked of businesses when it comes to climate is, do you have a plan for net-zero? Canada has a legislated objective for net zero alongside another 130 countries.” “A Swedish teenager,” Carney continued, referring to Thunberg, “can figure out the carbon budget and that we have less than 10 years and you have to get to net-zero to stabilize it and if you’re a company and you have purpose, well, what’s your plan? And all these plans need to come together.” This is utter insanity: under Justin Trudeau Canada suffered rapidly declining business investment and now his successor wants the country’s business leaders to take financial planning directives from Greta Thunberg. While the federal government barrels down the road to net-zero impoverishment for Canada, everyone else is looking for the exit ramp. In January, six of the largest U.S. banks — JPMorganChase, Bank of America, Citigroup, Wells Fargo, Goldman Sachs, and Morgan Stanley — quit the Carney-led net-zero banking alliance. Canada’s Big Six Banks — RBC, TD Bank, BMO, Scotiabank, CIBC and National Bank — have quit the initiative as well. Even Europe is beginning to back off on government piling climate obligations onto businesses in the name of fighting global warming. As the Wall Street Journal reports, the EU is watering down its climate accounting policies “amid pushback from member states and companies within the bloc over the new rules, which they say would have increased costs and reduced the competitiveness of their business.” Specifically, regulations previously scheduled for this year would have forced companies “to report in detail on their environmental, social and corporate-governance performance while making significant cuts to the emissions from within their supply chain.” The EU is now dropping, weakening or postponing many of these climate regulations, so that businesses will be able to better “grow, innovate, and create quality jobs.” This is effectively an admission that piling climate obligations and environmental reporting mandates onto businesses prevents them from growing, innovating and creating good jobs. Unfortunately, Mark Carney is all about climate obligations and reporting mandates. The road Canada is currently marching down for climate-related financial disclosures is based on a framework proposed by a task force Carney initiated in 2015. His aforementioned Thunberg-praising interview was not with an environmental journalist, but with Pivot Magazine, which is published by CPA Canada, the accounting industry’s national association. “We cannot get to net-zero without proper climate reporting,” he insisted, speaking of the need for “one core global standard” for climate accounting and reporting. A global climate reporting standard to help push trillions of dollars — yes, trillions with a “T” — from Canadian workers and taxpayers into Mark Carney and Greta Thunberg’s climate crusade? After a decade of Justin Trudeau’s ruinous policies weakening Canada from coast to coast, there could be little worse for the country and its economy than a Liberal government led by Mark Carney." The Financial Post Cape Breton Politics Jason Boudreau · 1h · Big numbers in unions. 😁😁

Mar 25, 2025
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Fact Check: How nuts is Mark Carney? Perhaps nuttier than you think. Have a read of this piece in the Financial Post, by Matthew Lau. "Having left his gig as UN Special Envoy for Climate and Finance to lead the federal Liberal government, Mark Carney is now in a position to focus his and Greta Thunberg’s global climate crusade squarely on Canada. The crusade, Carney boasted back in 2021 while in his previous role, is worth many trillions of dollars. As he told CBC News at that year’s UN climate conference, “We have banks, asset managers, pension funds, insurance companies from around the world — more than 45 countries — and their total resources, totalling US$130 trillion” dedicated to transitioning the world’s economy away from fossil fuels. That dollar figure is higher than global GDP. Last month, Carney laid out Canada’s required contribution to his climate ambitions: “Canada must invest $2 trillion by 2050 — about $80 billion per year — to become carbon competitive and achieve Net Zero. However, investments in decarbonisation currently run between $10–20 billion annually.” The implication is that another $60-70 billion a year will need to be wrung out of Canadian businesses and consumers, either through direct taxation and government spending or with regulatory browbeating to push Canadians’ savings and investments into global warming initiatives. Carney has made no effort to hide his agenda to browbeat businesses into joining his and Greta Thunberg’s climate crusade. In a 2021 interview he declared, “We need a sustainable economy, and is your business aligned with that? Are your hiring practices consistent with that? Are you developing people in a way that’s consistent with that? Ultimately, what’s being asked of businesses when it comes to climate is, do you have a plan for net-zero? Canada has a legislated objective for net zero alongside another 130 countries.” “A Swedish teenager,” Carney continued, referring to Thunberg, “can figure out the carbon budget and that we have less than 10 years and you have to get to net-zero to stabilize it and if you’re a company and you have purpose, well, what’s your plan? And all these plans need to come together.” This is utter insanity: under Justin Trudeau Canada suffered rapidly declining business investment and now his successor wants the country’s business leaders to take financial planning directives from Greta Thunberg. While the federal government barrels down the road to net-zero impoverishment for Canada, everyone else is looking for the exit ramp. In January, six of the largest U.S. banks — JPMorganChase, Bank of America, Citigroup, Wells Fargo, Goldman Sachs, and Morgan Stanley — quit the Carney-led net-zero banking alliance. Canada’s Big Six Banks — RBC, TD Bank, BMO, Scotiabank, CIBC and National Bank — have quit the initiative as well. Even Europe is beginning to back off on government piling climate obligations onto businesses in the name of fighting global warming. As the Wall Street Journal reports, the EU is watering down its climate accounting policies “amid pushback from member states and companies within the bloc over the new rules, which they say would have increased costs and reduced the competitiveness of their business.” Specifically, regulations previously scheduled for this year would have forced companies “to report in detail on their environmental, social and corporate-governance performance while making significant cuts to the emissions from within their supply chain.” The EU is now dropping, weakening or postponing many of these climate regulations, so that businesses will be able to better “grow, innovate, and create quality jobs.” This is effectively an admission that piling climate obligations and environmental reporting mandates onto businesses prevents them from growing, innovating and creating good jobs. Unfortunately, Mark Carney is all about climate obligations and reporting mandates. The road Canada is currently marching down for climate-related financial disclosures is based on a framework proposed by a task force Carney initiated in 2015. His aforementioned Thunberg-praising interview was not with an environmental journalist, but with Pivot Magazine, which is published by CPA Canada, the accounting industry’s national association. “We cannot get to net-zero without proper climate reporting,” he insisted, speaking of the need for “one core global standard” for climate accounting and reporting. A global climate reporting standard to help push trillions of dollars — yes, trillions with a “T” — from Canadian workers and taxpayers into Mark Carney and Greta Thunberg’s climate crusade? After a decade of Justin Trudeau’s ruinous policies weakening Canada from coast to coast, there could be little worse for the country and its economy than a Liberal government led by Mark Carney." The Financial Post

Detailed fact-check analysis of: How nuts is Mark Carney? Perhaps nuttier than you think. Have a read of this piece in the Financial Post, by Matthew Lau. "Having left his gig as UN Special Envoy for Climate and Finance to lead the federal Liberal government, Mark Carney is now in a position to focus his and Greta Thunberg’s global climate crusade squarely on Canada. The crusade, Carney boasted back in 2021 while in his previous role, is worth many trillions of dollars. As he told CBC News at that year’s UN climate conference, “We have banks, asset managers, pension funds, insurance companies from around the world — more than 45 countries — and their total resources, totalling US$130 trillion” dedicated to transitioning the world’s economy away from fossil fuels. That dollar figure is higher than global GDP. Last month, Carney laid out Canada’s required contribution to his climate ambitions: “Canada must invest $2 trillion by 2050 — about $80 billion per year — to become carbon competitive and achieve Net Zero. However, investments in decarbonisation currently run between $10–20 billion annually.” The implication is that another $60-70 billion a year will need to be wrung out of Canadian businesses and consumers, either through direct taxation and government spending or with regulatory browbeating to push Canadians’ savings and investments into global warming initiatives. Carney has made no effort to hide his agenda to browbeat businesses into joining his and Greta Thunberg’s climate crusade. In a 2021 interview he declared, “We need a sustainable economy, and is your business aligned with that? Are your hiring practices consistent with that? Are you developing people in a way that’s consistent with that? Ultimately, what’s being asked of businesses when it comes to climate is, do you have a plan for net-zero? Canada has a legislated objective for net zero alongside another 130 countries.” “A Swedish teenager,” Carney continued, referring to Thunberg, “can figure out the carbon budget and that we have less than 10 years and you have to get to net-zero to stabilize it and if you’re a company and you have purpose, well, what’s your plan? And all these plans need to come together.” This is utter insanity: under Justin Trudeau Canada suffered rapidly declining business investment and now his successor wants the country’s business leaders to take financial planning directives from Greta Thunberg. While the federal government barrels down the road to net-zero impoverishment for Canada, everyone else is looking for the exit ramp. In January, six of the largest U.S. banks — JPMorganChase, Bank of America, Citigroup, Wells Fargo, Goldman Sachs, and Morgan Stanley — quit the Carney-led net-zero banking alliance. Canada’s Big Six Banks — RBC, TD Bank, BMO, Scotiabank, CIBC and National Bank — have quit the initiative as well. Even Europe is beginning to back off on government piling climate obligations onto businesses in the name of fighting global warming. As the Wall Street Journal reports, the EU is watering down its climate accounting policies “amid pushback from member states and companies within the bloc over the new rules, which they say would have increased costs and reduced the competitiveness of their business.” Specifically, regulations previously scheduled for this year would have forced companies “to report in detail on their environmental, social and corporate-governance performance while making significant cuts to the emissions from within their supply chain.” The EU is now dropping, weakening or postponing many of these climate regulations, so that businesses will be able to better “grow, innovate, and create quality jobs.” This is effectively an admission that piling climate obligations and environmental reporting mandates onto businesses prevents them from growing, innovating and creating good jobs. Unfortunately, Mark Carney is all about climate obligations and reporting mandates. The road Canada is currently marching down for climate-related financial disclosures is based on a framework proposed by a task force Carney initiated in 2015. His aforementioned Thunberg-praising interview was not with an environmental journalist, but with Pivot Magazine, which is published by CPA Canada, the accounting industry’s national association. “We cannot get to net-zero without proper climate reporting,” he insisted, speaking of the need for “one core global standard” for climate accounting and reporting. A global climate reporting standard to help push trillions of dollars — yes, trillions with a “T” — from Canadian workers and taxpayers into Mark Carney and Greta Thunberg’s climate crusade? After a decade of Justin Trudeau’s ruinous policies weakening Canada from coast to coast, there could be little worse for the country and its economy than a Liberal government led by Mark Carney." The Financial Post

Mar 23, 2025
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Fact Check: JPMorgan Chase led fossil fuel financing with a jaw-dropping $53.5 billion last year!
True

Fact Check: JPMorgan Chase led fossil fuel financing with a jaw-dropping $53.5 billion last year!

Detailed fact-check analysis of: JPMorgan Chase led fossil fuel financing with a jaw-dropping $53.5 billion last year!

Jun 18, 2025
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Fact Check: JPMorgan Chase led fossil fuel financing with a shocking $53.5 billion last year!
True

Fact Check: JPMorgan Chase led fossil fuel financing with a shocking $53.5 billion last year!

Detailed fact-check analysis of: JPMorgan Chase led fossil fuel financing with a shocking $53.5 billion last year!

Jun 18, 2025
Read more →
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