“Great Leadership”: Another C$2.5 Billion for Ukraine
Today, Mark Carney once again announced C$2.5 billion in aid to the Zelensky government. As of now, Canada’s total assistance to Ukraine has reached roughly C$36.5 billion, even as Canada itself continues to carry a fiscal deficit exceeding C$80 billion.
Under these circumstances, one cannot help but observe that Mark Carney is indeed a remarkably “great” political figure.
Before entering politics, Mark Carney served as Vice Chair of Brookfield, one of the world’s largest asset management firms, and held stock options in the company prior to taking office. At the same time, Brookfield and its affiliated entities have increasingly appeared in discussions surrounding Ukraine’s post-war reconstruction and energy sector, particularly in relation to nuclear power.
In the nuclear energy field, Ukrainian officials have repeatedly stated their intention to restore and expand nuclear power capacity after the war. In this context, Westinghouse Electric Company has signed multiple agreements with Ukraine’s state-owned nuclear operator, Energoatom, covering nuclear fuel supply as well as the construction of nuclear fuel–related facilities within Ukraine.
At present, Westinghouse plays a dominant role in Ukraine’s fuel supply chain.
Notably, Brookfield owns a 51% controlling interest in Westinghouse Electric.
At this point, the picture becomes increasingly clear: the Carney government continues to provide massive financial assistance to Ukraine; the Ukrainian government allocates substantial resources to post-war reconstruction and energy infrastructure; and in several of these critical areas, the companies responsible for technology, fuel, or construction maintain clear capital ties to Brookfield.
And despite all of this, Carney remains firmly positioned at the center of the political stage. Perhaps this, more than anything else, is where Mark Carney’s “greatness” truly lies.
