President Trump has withdrawn the USA from the Paris Agreement, leaving the climate world in a fluster, while ‘climate leader’ Canada faces 25% Trump tariffs, starting Feb. 1, 2025, says Friends of Science Society.  Most of the big banks have left Mark Carney’s Net Zero alliances; “America-is-all-in” plans to continue climate action at state and municipal levels.

(Calgary, Alberta, January 30, 2025) According to a Reuters report of Jan. 28, 2025, President Trump still plans to impose 25% tariffs on Canada and Mexico as of Feb. 01, 2025, due to issues related to immigration and border security on drugs, says Friends of Science Society.  In Canada, Mark Carney, a man of many accomplishments and former UN Climate Finance Envoy, is running for federal Liberal party leadership.  If successful, Carney would become the de facto prime minister of Canada.

President Trump has ordered the removal of the USA from the Paris Agreement and all climate-related agreements dating back to 1992.

Canada’s Mark Carney Net Zero views are based on his understanding that there is a diminishing ‘carbon budget’ related to emissions, a view not shared by CLINTEL signatory scientists. Steven Koonin, Obama’s former science adviser, and Mark Mills, write that the Paris Agreement as ‘climate insurance’ is unaffordable and unnecessary.

Carney’s views are laid out in this speech, “Revitalising Global Economic Growth and Financing for Climate Sustainability Transition” as Brookfield Chair and Head of Transition Investing at the B20 Summit in India in August 2023.  His climate world view is the antithesis of President Trump, says Friends of Science. 

Support for Carney’s Net Zero organizations is crumbling. The Financial Post reported on Jan. 28, 2025, Canadian banks have abandoned the UN-Carney-created Net Zero alliances.  According to a Nov. 27, 2024, press release, Texas Attorney General Ken Paxton is suing asset managers  BlackRock, State Street and Vanguard  “three of the largest institutional investors in the world, for conspiring to artificially constrict the market for coal through anticompetitive trade practices.”   

The US House Judiciary Committee review of the ‘climate cartel’ names Mark Carney’s GFANZ as a potential antitrust legislation violator along with others like “Climate Action 100+”.

The report titled, “Climate Control: Exposing The Decarbonization Collusion In Environmental, Social, And Governance (ESG) Investing” claims that the climate cartel is “…waging “a Global World War” for net zero …against industries that allow Americans to drive, fly, and eat.”  Congressman Thomas Massie forcefully made his case in the June 12, 2024, hearings, referencing “demand management” on aviation.

While Trump threatens tariffs on Canada, few people are aware of the European Carbon Border Adjustment Mechanism (CBAM) which becomes fully operational in 2026; basically a climate policy tariff.  In Canada’s Fall Economic Statement, reference is made to Canada using climate policy such as CBAM to restrict trade. 

In his May 08, 2024, testimony to the Canadian Senate on climate-aligned finance, Mark Carney foresaw Canada as a future ‘hub’ for Europe’s Carbon Border Adjustment Mechanism (CBAM).  The National Post of Jan. 29, 2025, reports that Canadians hope that Carney, if elected, would cancel Canada’s very unpopular carbon tax.  This seems unlikely, as a carbon tax paid in a foreign country becomes deductible from the CBAM rate of the imported good or service. 

According to a June 13, 2024, speech by Stephan Dion, Special Envoy to the European Union and Europe and Canadian Ambassador to France and Monaco, carbon pricing is seen as an asset for Canadian exports to Europe.

A sober, thoughtful article on the tariff issue in the National Post of Jan. 29, 2025, titled “Contrary to what Trump thinks, America Needs Us” was written by Joe Oliver former minister in the Harper government.

Trump’s departure from the Paris Agreement has the climate world flustered, but as reported by CarbonCredits.com on Jan. 22, 2025, the “America-is-all-In” alliance claims they will remain true to climate action at the state and municipal level.

Friends of Science Society’s video explainer “Cities and Climate Activism” sheds some light on the financial and pension fund investment power behind such an alliance. 

Analysis of Canada’s Net Zero targets and pathways by Friends of Science Society director Ian Cameron, P. Eng., shows that “Getting to Net Zero” means drastic degrowth and deindustrialization.  Video explainer here.

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Friends of Science Society is an independent group of earth, atmospheric and solar scientists, engineers, and citizens that is celebrating its 22nd year of offering climate science insights. After a thorough review of a broad spectrum of literature on climate change, Friends of Science Society has concluded that the sun is the main driver of climate change, not carbon dioxide (CO2).
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