AUSTRALIA’S so-called transition to net zero is almost a carbon copy of a similar state-sponsored scam in Canada.
Canadian Prime Minister Mark Carney is more directly connected to the global net zero scam than Albanese and Bowen, who are simply following the orders of their senior bureaucrats, bankers and superannuation fund operators.
Carney was the UN Special Envoy on Climate Action and the COP26 president and launched the Glasgow Financial Alliance for Net Zero (GFANZ) in April 2021 by to accelerate the transition to a net-zero global economy.
Carney is a “green” billionaire banker and was formerly Governor of the Bank of England. In order to ramp up the “climate catastrophe” narrative, he dished out money to the various climate alarmist groups around Greta Thunberg. GFANZ in its own words is an organisation “focused on developing the building blocks for a financial system capable of financing the transition to net zero”.
Carney apparently lives under the delusion that “in the end we can’t stabilise the climate unless we get to net zero”. Carney’s own facial expressions indicate he is more likely lying through his teeth and simply running a global get-rich scheme for the banking and investment fraternity that is glossed over with a “we’re saving the planet” narrative.
This scam, as explained by Robin Hillier on X, is essentially about “de-risking” investment in green energy, which due to its very nature, is unable to produce profitable returns within at least decade if ever. Hillier says the accumulated total of the capital accessed under GFANZ is more than $130 trillion.
When Trump administration attorneys began to subpoena the banks over anti-competition breaches implicit in the net zero scam early this year, the US-based banks like JP Morgan, Bank of America, Wells Fargo and Goldman Sachs all exited Net Zero Banking Alliance.
This is when Carney and his global net zero gang switched to de-risking green energy investment with taxpayer funds, which is exactly the swindle being perpetrated by the Albanese Labor-Green government.
Between 2020 and 2025 approximately $190 billion was alloted by the Canadian government, under Carney’s clever little scheme, to de-risk green energy. Canberra bureaucrats told Senator Matt Canavan that they are unable to provide a figure (see 7min 5s) on the cost of the transition to net zero.
But as explained by Hillier, Carney created a $15 billion Canadian Growth Fund to de-risk green energy investment. And because public service pension funds are restricted to low-risk investment only, he created a Brookfield 1 & 2 transition investment funds with government pension funds as limited liability partners (LLPs).
The crux of these and other related “arrangements” is a 15-year contract for the Canadian Growth fund to de-risk the green energy projects, guaranteeing $16 million a year with $200 million up front. As is the case with Australia, all liability, all debt and all carrying right to the finish line is taken on by taxpayers i.e. government money.
As also is the case with Australia, the foreign entity that invests owns the project at the end and collects all profits. Is it any wonder that Barnaby Joyce calls wind and solar projects “swindle farms”?
Even worse, when a government contract de-risks the investment, it is legally bound and can be “front-loaded” immediately, which means that 15-year valuation that is down the road occurs instantaneously, and the 20% guaranteed return kicks in.
Just as astonishing, according to Hillier, Carney’s own entities stand to collect up to $1.2 billion in fees from this “arrangement”.
“Every time we de-risk a project for 10 to 15 years, the firm like Brookfield front-loads the entire contract for the full 15 years because it’s black and white, and jumps to the finish line to get paid instantly,” says Hillier.
As far as we know, this is also happening in Australia. The beneficiaries are the billionaire “green” investors like Simon Holmes a Court, Andrew “Twiggy” Forrest, Mike Cannon-Brookes and Albo’s mates in the union controlled superannuation funds.
