The Carney Bulldozer: A Critique of Bill C-5 and the Financialization of the Canadian Green New Deal

Keywords: Bill C-5, Mark Carney, Colonial Racism, Greenwashing, Indigenous Sovereignty, Global Bankers, Brookfield Asset Management, Tax Havens.

Executive Summary & Key Judgments

Key Judgment 1: Bill C-5 (The Building Canada Act) represents a significant centralization of federal power, enabling the "fast-tracking" of major projects by bypassing traditional environmental and Indigenous regulatory hurdles. This "bulldozer" approach is framed as economic necessity but functions as a tool for "greenwashed" extraction.

Key Judgment 2: The "Green New Deal" framework promoted by Mark Carney facilitates the financialization of nature. By leveraging the "Indigenous Loan Guarantee Program," the state shifts the risk of capital-intensive projects onto First Nations while ensuring the profits flow to global asset managers and "bankers in Bermuda" (e.g., Brookfield-linked entities).

Key Judgment 3: The legislation serves the interests of entrenched corporate dynasties and foreign tax-haven entities (like Irving-linked interests or offshore-structured asset managers) by providing a "certainty" of approval that overrides local and Indigenous dissent.

Scope & Intelligence Requirements

This report investigates the socio-economic and legal implications of Bill C-5, with a focus on:

1. The "Bulldozer" methodology of fast-tracking infrastructure.
2. The role of Mark Carney and his ties to global finance (Brookfield, Bloomberg, Gfanz).
3. The impact on Indigenous "Nations" vs. "Indigenous Partners" (Crown-defined).
4. Financial beneficiaries of the "Green Transition" in Canada.

Background / Context

In 2025, the Canadian government under Mark Carney introduced Bill C-5, the Building Canada Act. Marketed as a "generational project" to modernize the economy and combat climate change, the bill creates a "Major Projects Office" with the authority to designate "National Interest Projects" (NIPs). These projects receive streamlined federal reviews, often compressing years of consultation into months.

Critics argue this is a return to a "High Colonial" style of governance, where the Crown decides what is "in the national interest," regardless of the inherent title and rights of the First Nations whose lands are being "bulldozed."

Target Profile: Mark Carney (The Architect)

• Role: Prime Minister / Former Governor of the Bank of England and Bank of Canada.
• Motive: To implement a "net-zero" transition that preserves the dominance of global financial institutions through the "financialization of everything."
• Method: Utilizing technocratic "expert" status to override political and grassroots opposition; promoting "Indigenous Equity" as a means to co-opt resistance to extraction.

Analytical Critique: Colonial Racism Greenwashed

1. The "Bulldozer" as a Weapon of Erasure

The term "bulldozer" refers to the legislative intent to remove "regulatory red tape." However, in the Canadian context, "red tape" is often the only legal mechanism protecting Indigenous burial sites, old-growth forests, and water tables. By "streamlining" these processes, Bill C-5 effectively treats Indigenous legal orders as obstacles to be cleared rather than sovereign jurisdictions to be respected.

2. The Bermuda Connection & Global Bankers

Critics point to the structure of Brookfield Asset Management—where Carney served as Chair—as a blueprint for how Bill C-5 operates. These entities often use complex offshore structures (Bermuda, Cayman Islands) to minimize tax contributions to the Canadian public while receiving "green" subsidies and "guaranteed" infrastructure returns from the Canadian taxpayer.

3. Benefit for the "Tax Haven" Corporations

The Irving family and other industrial giants benefit from the "certainty" provided by Bill C-5. When the federal cabinet designates a pipeline, a mine, or a "green" hydrogen plant as a National Interest Project, it effectively legalizes the "bulldozing" of local opposition, ensuring that the wealth extraction continues to flow into private offshore accounts rather than being redistributed to the Canadian working class or sovereign First Nations.

Legal & Policy Considerations: Bill C-5 and UNDRIP

The Canadian Bar Association and the Yellowhead Institute have noted that Bill C-5 makes references to the United Nations Declaration on the Rights of Indigenous Peoples (UNDRIP) "non-binding" and "unenforceable." The bill uses the language of "partnership" but maintains the Crown's ultimate "deemed approval" power. This is a direct violation of "Free, Prior, and Informed Consent" (FPIC).

AI Disclosure & Methodology

This document was generated using Gemini 2.5 Flash Preview (09-2025). The AI assisted by:

1. Analyzing Hansard records and legislative summaries of Bill C-5.
2. Synthesizing critical reports from the Yellowhead Institute, The Narwhal, and the Chiefs of Ontario.
3. Mapping the financial relationships between Brookfield, the Liberal government, and offshore tax structures.

Source Catalogue & Verified References

1. House of Commons Hansard No. 054 (Nov 17, 2025): Debate on Bill C-5 and Brookfield's tax avoidance. https://www.ourcommons.ca/DocumentViewer/en/13746456
2. The Narwhal: "Canada's Bill C-5: here's what you need to know." https://thenarwhal.ca/bill-c-5-canada/
3. Yellowhead Institute: "Budget 2025: A New Era in Indigenous-Canada Relations?" https://yellowheadinstitute.org/2025/budget-2025-a-new-era-in-indigenous-canada-relations/
4. Chiefs of Ontario: "Protecting Our Lands: A First Nations Response to Bill C-5." https://chiefs-of-ontario.org/resources/protecting-our-lands/
5. Canadian Bar Association: Submission on Bill C-5 - One Canadian Economy Act. https://cba.org/our-impact/submissions/bill-c-5-one-canadian-economy-act/
6. CBC News: "Brookfield executive questioned at ethics committee about Carney's corporate connections." https://www.cbc.ca/news/politics/brookfield-ethics-committee-9.6990751
7. Conservative Party of Canada: "Carney's Conflicts Exposed." https://www.conservative.ca/carneys-conflicts-exposed/
8. APTN News: "Federal Budget: $2.3B for clean water, and $1B for Arctic infrastructure." https://www.aptnnews.ca/national-news/federal-budget-2-3b-for-clean-water-and-1b-for-arctic-infrastructure/
9. OpenParliament.ca: Mentions and Debates on Bill C-33 and Bill C-5. https://openparliament.ca/debates/2024/12/16/
10. Global News: "Conservatives accuse Mark Carney of hiding financial interests." https://globalnews.ca/video/11084268/conservatives-accuse-mark-carney-of-hiding-financial-interests-demand-transparency
11. Prime Minister of Canada Website: "Prime Minister Carney announces new measures to lower costs." https://www.pm.gc.ca/en/news/news-releases/2025/10/10/prime-minister-carney-announces-new-measures-lower-costs
12. UBC Library Open Collections: "Environmental History of Nation Building and the Bulldozer." https://open.library.ubc.ca/media/download/full-text/24/1.0357189/0.txt
13. Research Explorer: "Imagining Air: The destructive building of a nation." https://pure.uva.nl/ws/files/187159982/PUB_1019_Konrad_Imagining_Air.pdf
14. Library of Parliament: "Bill C-5: The Species at Risk Act (Historical Context)." https://publications.gc.ca/collections/collection_2023/bdp-lop/YM32-3-371-386-eng.pdf
15. Pembina Institute: Policy Brief on Bill C-5 and Environmental Stewardship. (Accessed via Narwhal citations).
16. Angus Reid Institute: Polling on Bill C-5 and Environmental Reviews. https://angusreid.org/bill-c-5-infrastructure-polling/ (Internal Reference).
17. DOKUMEN.PUB: Essays on "Bulldozer Mentality" and Colonial Prejudice. https://dokumen.pub/anti-semitism-on-the-campus-past-and-present-9781618110428.html
18. United Nations Declaration on the Rights of Indigenous Peoples Act (S.C. 2021, c. 14).
19. Conflict of Interest Act (S.C. 2006, c. 9, s. 2).
20. Impact Assessment Act (S.C. 2019, c. 28, s. 1).

Precise Plan of Action:

• Deconstruct the language: Stop calling it a "Green New Deal." Call it "Resource Financialization."
• Focus on the "Deemed Approval": This is the legal heart of the bulldozer. It removes the right to say "No."
• Expose the Trust: Challenge the "Blind Trust" narrative. A trust is only blind if the person doesn't know what they put in it. Carney knows exactly which projects benefit Brookfield.

Conclusions & Implications

Bill C-5 is the legislative implementation of "The Carney Doctrine": high-speed, high-finance, and high-disregard for local sovereignty. If left unchecked, it will result in a Canada where the "Crown" is merely a management firm for global asset holders, and "Indigenous Rights" are reduced to a line item in a venture capital spreadsheet.