May 19 2025

How the Energy Transition Became a Globalist Power Grab

admin ESG Financial Compliance, Financial Industrial Complex, Great Financial Confiscation, Mark Carney, Net-Zero, The Canadian Corner

By Peter J. Merrick, TEP® and Adrian C. Spitters, CFP®, co-authors of the international bestseller It Starts With Gold™ and the forthcoming book Guns, Gold & Land™

This analysis continues a series of long-form investigations published in The Merrick Spitters Reset Report™

Why Canada’s Economic Reset Has Nothing to Do With the Environment and Everything to Do With Power

The urgent themes explored in this article are expanded on in our #1 international best-selling book, It Starts With Gold™, co-authored by Peter J. Merrick and Adrian C. Spitters. In the book, we reveal how a new financial architecture, engineered through climate mandates, digital policy, pension entanglements, and tax haven networks, is being used to restructure ownership in Canada and globally. Visit www.ItStartsWithGold.com.

A Cabinet Placement That Was Never About Climate

Tim Hodgson has just been appointed to one of the most powerful roles in the federal government. This is not a random move. It is a strategic placement by the same forces that have quietly redefined Canada’s political economy for over two decades.

The new Minister of Energy and Natural Resources brings with him a career carved out on Wall Street and sharpened in the boardrooms of Canada’s largest pension plans. He is not a climate scientist. He is not an engineer. He is a former investment banker and pension chair who worked closely with the Prime Minister for years, first at the Bank of Canada and then in shared board positions that control vast sums of institutional wealth.

This is not about serving Canadians. This is about managing assets.

The Real Mandate: Redirecting Public Wealth Into Private Control

During his time at one of the largest global investment banks, Tim Hodgson earned a reputation for brokering complex financial deals. He later chaired both the Public Sector Pension Investment Board and the Ontario Teachers’ Pension Plan, overseeing billions in public retirement assets.

While in these roles, massive investments were made into tax-sheltered climate funds set up in Bermuda and the Cayman Islands. These funds were administered by a private asset manager where the Prime Minister previously worked and where he still holds millions in vested interests.

This convergence is not coincidental. It is intentional.

Through these offshore transition funds, tens of billions in Canadian pensions were redirected under the guise of Net Zero. The climate narrative provided the cover. The destination was clear: private control and profit extraction from funds meant to secure Canadian retirements.

Climate as Cover: Tax Havens and Offshored Accountability

Canadians have been told for years that climate action requires urgency, sacrifice, and scale. But few have asked where the money actually goes.

The funds being channelled through so-called “green transition vehicles” do not remain in Canada. They are structured in jurisdictions like Bermuda to avoid domestic taxation. This means Canadian workers pay into pensions that fund projects they have no oversight of, earning returns that are then tax-sheltered from the very country providing the capital.

What is sold as environmental stewardship is, in fact, financial engineering. Tax avoidance disguised as sustainability.

These structures are legal, but legality does not equal legitimacy. The ministers enabling these schemes are not stewards of democracy. They are functionaries of asset migration.

No Majority. No Consent. Total Economic Control

Despite failing to secure a working majority in Parliament, the Prime Minister has moved swiftly. He has stacked his cabinet with close allies, many drawn from the financial sector. This includes former banking executives, regulatory insiders, and foreign policy advocates with open ties to globalist institutions.

He has not formed any formal coalitions. He has not earned a mandate through legislative debate. Yet sweeping energy reforms, pension reallocations, and tax policy overhauls are underway. He acts as if his power is unchallenged, even as opposition grows.

The appointment of his longtime colleague, Tim Hodgson, to oversee energy policy is the clearest sign yet: this government is not managing a nation. It is managing a transition. A financial one.

Net Zero Was Never Feasible. Now It Is Collapsing.

Electric vehicle manufacturing plants are being delayed or cancelled. Charging networks are underbuilt and unreliable. Consumers are not buying what Ottawa is subsidizing. Cold weather performance issues, soaring insurance costs, and limited range have killed the dream.

The 2035 zero-emission vehicle target is now exposed as arbitrary. A political number created not for implementation, but for investment. It served its purpose: to drive billions into contracts, subsidies, and speculative projects. Now that the facts are catching up, the narrative is fraying.

Yet the damage is already done. Public funds have been poured into infrastructure that may never be completed. Pension money has been allocated to projects in faraway tax havens. And the architects of this collapse remain in charge, shifting blame while protecting their positions.

A Foreign Hand: The Quiet Influence of International Interests

Tim Hodgson’s political rise has not occurred in a vacuum. His entry into Parliament was facilitated by a riding with long-documented links to Chinese political organizations. Photographs and ceremonial gestures underscore these affiliations.

Meanwhile, the Prime Minister has cultivated relationships with global institutions that include Chinese-backed banks and international climate coalitions. Together, they are not merely shaping policy. They are remodelling national sovereignty.

Canada is being repositioned, not as an independent nation, but as a staging ground for international finance to pilot its next evolution: a global ESG-driven capital regime, operating through climate-aligned mandates that strip local ownership in the name of planetary good.

If It Can Happen in Canada, It Can Happen Anywhere

Canada is not unique. But it is advanced in its submission.

The same blueprint being deployed here will be exported elsewhere. If a peaceful, resource-rich, and educated democracy can be turned into a testbed for top-down climate finance and pension reallocation without revolt, then any nation can follow.

Europe is already watching. Australia is already complying. And the United States, despite its constitutional defences, is being pulled into the same technocratic vortex.

This is not the Great Reset. It is the quiet normalization of elite-led transitions, managed through regulation, backdoor legislation, and controlled capital.

Real Assets Remain the Escape Hatch

We wrote It Starts With Gold™ because this convergence could no longer be ignored.

We mapped out the financial pipeline from your pension to their offshore funds. We detailed how digital identity, ESG scoring, and climate tax policy are being used to centralize control. And we shared how real assets—gold, farmland, private income-producing real estate—remain the only true path to sovereignty.

Ownership is now a battleground. What you hold, how you hold it, and who controls the custody of your wealth will define your future.

You will not find safety in traditional markets. Public equities are being gamed. Bonds are being inflated away. Cash is being programmed and surveilled. The only defence is tangible value, held in your name, outside the reach of digital governance.

We Can Still Turn This Around

This is not over. The policies being introduced have not yet been cemented. Resistance is growing. Transparency is cracking through the narrative.

But awareness is not enough. It must lead to action. Individuals must move from passive participants in pension-managed futures to active stewards of private capital. Small businesses, family trusts, local communities, and wealth holders must begin realigning away from dependency on systems designed to entrap them.

The world is watching Canada. And we still have time to choose a different path.

We believe that shift begins with education. With courage. And with assets that cannot be taken, seized, or digitally shut off.

We go into much greater detail on the solutions outlined here, including how to protect your portfolio, relocate your wealth, and prepare for economic restructuring, in our book It Starts With Gold™.

To find out more, order your own copy of It Starts With Gold™ on Amazon today. CLICK HERE

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