Just The Facts: Mark Carney Is The Most Conflicted Prime Minister In Our Country’s History

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Just The Facts: Mark Carney Is The Most Conflicted Prime Minister In Our Country’s History

March 18, 2025
FOR IMMEDIATE RELEASE

Ottawa, ON – Mark Carney claimed on Monday, March 17, 2025, that he had no conflicts of interest, just a week after handing over a conflict-of-interest management plan to the Ethics Commissioner.

Question: “Are you saying you are not open to any conflict of interest?”

Mark Carney: “Yes.”

Then, only a day later, Mark Carney said that the Ethics Commissioner may screen him off certain files.

We know that through his time as both Chair and as the Head of Transition Investing, Mark Carney still holds millions of dollars in stock options, carried interest, and other valuable assets in Brookfield Asset Management.

So, what sectors is he potentially conflicted on? Will the Canadian people know what files the Ethics Commissioner deems him too conflicted on in advance of the election?

In 2024, when Brookfield Asset Management registered for a Trademark with ISED, they disclosed a fulsome list of all areas where they do business.

The list can be found here: https://ised-isde.canada.ca/cipo/trademark-search/2352982?lang=eng

Is Mark Carney conflicted on all of these? Just some?

Mark Carney needs to immediately disclose the assets he placed in a blind trust and the “full and robust Conflict of Interest Management Plan” he presented to the Ethics Commissioner.

Full list:

Business Services

  • Relocation services for businesses
  • Managing wireless communications towers, broadcast satellites, and cable networks
  • Water and wastewater management
  • Publicity and sales promotion services, namely, publicity of energy (electricity) for third parties
  • Evaluation of standing timber for others
  • Managing oil and gas pipelines and storage
  • Timber properties management
  • Forestry management services
  • Business management consultancy and advisory services
  • Business management consultancy and advisory services in the field of:
    • Risk analysis
    • Risk management
    • Risk transfer
    • Financial services
    • Insurance, reinsurance, and assurance services
  • Business advisory services and data analytics services, namely:
    • Data compiling and analyzing in the fields of insurance, risk management, insurance brokerage, reinsurance, and reinsurance brokerage
  • Consultancy, advisory, and information services relating to the above services

Financial and Investment Services

  • Asset management services
  • Financial services, including:
    • Asset management (funds and investments in properties, power generation, and infrastructure)
    • Financial management
    • Investment services and investment management in:
      • Real estate
      • Infrastructure projects
      • Energy infrastructure
      • Real assets and real asset debt
      • Funds, stocks, equity, and commodities
  • Real estate services, including:
    • Real estate management
    • Real estate leasing (commercial and residential properties)
    • Real estate brokerage
    • Real estate investment
    • Real estate investment advisory services
  • Financial investments in:
    • Commodities
    • Gold
    • Investment notes
    • Real estate
    • Securities
  • Investment management in:
    • Water and wastewater infrastructure
    • Oil and gas pipelines and storage
    • Wireless communication towers, broadcast satellites, and cable networks
  • Investment and merchant banking services, including:
    • Acquisition and disposition financing
    • Mezzanine debt investing
    • Capital and debt investing
  • Financial advisory and portfolio management services
  • Investment fund operations
  • Financial analysis and research services
  • Investment services for:
    • Financial institutions
    • Pension plans
    • Insurance companies
    • For-profit and charitable foundations
    • Endowments
    • Sovereign wealth funds
    • High-net-worth investors
  • Indemnity services
  • Actuarial services
  • Annuity underwriting and financial administration of annuity services
  • Financial administration of:
    • Life income funds
    • Life income retirement funds
    • Retirement income funds
  • Retirement investment planning and advisory services
  • Insurance and reinsurance services
  • Risk management services
  • Financial and monetary business services, including:
    • Asset management for insurance companies
    • Cash management
    • Reporting
    • Securities lending
    • Investment consulting
    • Asset liability management
    • Integrated risk management (combining insurance, reinsurance, and derivatives)
  • Educational and training services in insurance and reinsurance
  • Industrial analysis and research in insurance and reinsurance
  • Insurance services, including:
    • Underwriting
    • Actuarial services
    • Financial evaluation for insurance purposes
    • Insurance claims assessment and processing
    • Insurance consulting and information services

Real Estate and Construction Services

  • Real estate development (residential and commercial land development)
  • Building and construction services, including:
    • Construction planning
    • Building maintenance and repair
    • Custom construction and renovation
    • Construction management
  • Developing and building real estate, including:
    • Commercial, institutional, industrial, and residential properties
    • Oil and gas pipelines and storage
    • Wireless communication towers, broadcast satellites, and cable networks
    • Water and wastewater infrastructure
    • Energy infrastructure (including hydro-electric plants)
  • Consultancy, advisory, and information services relating to the above services

Energy and Utility Services

  • Managing wireless communication towers, broadcast satellites, and cable networks
  • Ownership and operation of electrical power generation, distribution, and transmission facilities
  • Investment services in electrical power generation, distribution, and transmission
  • Electrical power sales and energy trading
  • Facility operation and business management for electrical power generation, distribution, and transmission facilities
  • Consultancy, advisory, and information services relating to the above services
  • Energy generation and production

Utility Services

  • Transmission and distribution of electricity
  • Operation and storage of oil and gas pipelines
  • Water supply and distribution
  • Energy distribution and transmission
  • Gas and electricity transportation and delivery
  • Consultancy, advisory, and information services relating to the above services

Other Industrial Services

  • Timber logging