Opinion: Common sense hasn’t won on climate file yet

The Liberals’ platform plank of “Canada as Energy Superpower” helped them win the election and Carney become prime minister. Carney’s GFANZ (the Glasgow Financial Alliance for Net Zero) has radically restructured and all of its sector alliances (banking, investment, and insurance) have been dismantled. Big members withdrew en masse as climate change faded in political importance, especially in the U.S., and legal concerns about conflicts with their fiduciary responsibilities came to the fore. The Canada Pension Plan Investment Board (CPPIB ) quietly dropped its Net-Zero by 2050 pledge. And, most recently, Carney himself signed an agreement with Alberta Premier Danielle Smith that could result in the building of a new oil pipeline to the Pacific, a concession that prompted the resignation of climate hardliner Steven Guilbeault from the federal cabinet.