Mark Carney’s Pipeline Empire: How Canadians Were Quietly Duped

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Canadians were told fossil fuels were destroying the planet. That pipelines were outdated. That our future demanded personal sacrifice in the name of climate responsibility. What they were not told is that the man now leading the country was quietly profiting from the very energy industry he told us to abandon.

Now, as Prime Minister, Mark Carney’s conflict of interest is no longer speculation. It is national policy.

Carney spent years building his brand as the global face of climate finance and net-zero transformation. He urged Canadians to reduce their emissions, retrofit their homes, and accept higher energy costs. He warned against new pipelines and fossil fuel expansion. And he positioned ESG investing as the moral high ground.

What was hidden from public view was his role in constructing one of the most expansive fossil fuel empires on the planet.

Through his leadership at Brookfield Asset Management, where he served as Vice Chair and Head of ESG investing, Carney helped oversee acquisitions that included:

• Seven pipeline systems in Alberta and Saskatchewan through a $16 billion takeover of Inter Pipeline Ltd.
• The Colonial Pipeline in the United States, transporting 100 million gallons of fuel daily across 5,500 miles
• A 2,000-kilometre natural gas network in Brazil supplying over half of the country’s gas demand

Brookfield eventually acquired full ownership of the Brazilian pipeline system in 2021, making it the sole operator. These are not green investments. These are the critical arteries of the global fossil fuel economy.

And now, Carney controls both the policies that regulate Canada’s energy future and the private infrastructure that profits from it.

Canadians were not misled by accident. They were deceived with precision.

As pipeline projects were cancelled, permits frozen, and small energy firms buried under ESG compliance, Brookfield expanded its hold on global infrastructure. The media spotlighted protests. The government touted green energy targets. And behind the scenes, Brookfield secured long-term profits through refineries, storage facilities, and exclusive transportation networks.

Carney’s net-zero agenda made it nearly impossible for Canadian companies to build new pipelines. But it made it incredibly easy for Brookfield to buy up existing ones.

This is not climate leadership. It is a monopoly strategy under the guise of environmentalism.

By creating artificial scarcity of energy, capital, and opportunity, the architects of net-zero are not reducing carbon. They are eliminating competition.

Brookfield presents itself as one of the world’s largest infrastructure investors. Its portfolio includes ports, toll roads, rail, and fossil fuel pipelines. It claims to invest for “resilience and cash flow stability.” But these cash flows do not benefit Canadian families. They enrich those who helped shape the very policies that made traditional energy investment in Canada nearly impossible.

Carney did not merely benefit from oil infrastructure. He built his power and influence on it.

Under his leadership, Brookfield finalized the $9 billion acquisition of Colonial Pipeline in 2024, purchasing it from KKR, Shell, CDPQ, and other major global players. The deal represented one of the largest private equity-backed infrastructure acquisitions in North American history.

Meanwhile, Canadians were told there was “no market” for LNG. That pipelines through Quebec were unnecessary. That Alberta’s oil was obsolete.

What they were never told is that Carney’s business empire controlled the very infrastructure required to move Canadian oil to market.

Alberta’s natural resource potential has long been throttled by federal interference. Major pipeline projects like Energy East, Northern Gateway, and Trans Mountain Expansion faced endless delays or outright cancellation.

But when Brookfield moved to acquire Inter Pipeline in 2021, there were no protests, no media scrutiny, and no environmental reviews. The deal was approved under the Business Corporations Act of Alberta and rubber-stamped by the courts.

This is a two-tier system. One for elite asset managers like Carney. And another for Canadian energy workers, business owners, and families.

The goal is not to phase out fossil fuels. The goal is to control them.

Carney’s refusal to disclose his investments before the federal election was no coincidence. He deferred transparency, claiming his holdings were in a “blind trust.” But the outcomes of those holdings were never blind. They were part of a deliberate strategy.

Carney’s ESG credentials gave him moral authority. But behind that authority was a private interest in fossil fuel profits.

Brookfield’s ESG-compliant portfolio has included deforestation in Brazil, mass infrastructure development, and fossil fuel transportation on three continents. All stamped with a green label. All shielded by a public narrative of environmental virtue.

This is not hypocrisy. It is systemic deception.

Net-zero has not delivered cleaner air or affordable housing. It has not brought down fuel costs. It has not created jobs. What it has done is centralize control.

Brookfield’s fossil fuel acquisitions show that there is no real energy transition. There is only consolidation.

Ordinary Canadians are told to embrace less travel, less heat, less meat, and less freedom. While Carney and his peers expand global fossil fuel infrastructure under the cover of sustainability.

The oil is not going away. It is being rebranded and resold by the very people telling us to give it up.

Knowledge is power. The more we reveal the truth about Carney’s agenda, the better prepared we will be to resist.

We must stop pretending we are powerless. We are not.

We can reject the ESG scoring systems that will eventually track and restrict every financial decision. We can divest from volatile public markets. We can invest in real, physical assets that cannot be digitally devalued or seized.

This includes:

• Owning physical gold and silver outside of the banking system
• Investing in local food production and private land
• Shifting assets into income-producing private alternatives, such as private real estate and private equity
• Resisting climate mandates that erode private property rights
• Educating others about how net-zero is being used to restrict freedom and enrich elites

In It Starts With Gold™, we go into great detail on how individuals and families can defend their assets, their independence, and their futures. Our book is not just a warning. It is a roadmap.

Carney’s rise to power is not the end of the story. It is the beginning of our response. And we still have time to act.

To find out more, purchase your copy of It Starts With Gold™ on Amazon today: CLICK HERE

1. BOMBSHELL! Carney And Brookfield OWN 7 Canadian Pipelines
2. Brookfield Infrastructure completes $16 billion strategic acquisition of Inter Pipeline
3. A Natural Gas Pipeline Accounting for More Than Half of Brazil’s Natural Gas Demand
4. Brookfield closes in on $9bn acquisition of Colonial Pipeline from KKR, CDPQ, and Shell
5. Exclusive: Brookfield nears $9 billion-plus deal for Colonial Pipeline, sources say
6. Brookfield Pipeline Holdings – Brookfield.com
7. Brookfield Infrastructure Closes Strategic Acquisition of Inter Pipeline
8. Colonial Pipeline Overview – ColonialPipeline.com
9. Private Equity Insights – Brookfield & Colonial Deal
10. CDPQ’s Investment in Colonial Pipeline
11. Opinion: Is Mark Carney ‘Canada first’ or net zero first?
12. Brookfield Announces Appointment of Mark Carney as Vice Chair and Head of ESG and Impact Fund Investing
13. Glasgow Financial Alliance for Net Zero
14. Mark Carney: Investing in net-zero climate solutions creates value and rewards
15. 2024 Sustainability Report Brookfield Renewable Partners L.P