Category: Environmental

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CBC Propaganda #17: Climate Change Eugenics, And Population Control

(CBC article openly suggesting population control & reduction)

(Tracking world population over time)

1. Important Links

CLICK HERE, for the CBC article on population control.

Previous CBC Propaganda Articles
CLICK HERE, for CBC Propaganda Masterlist.
CLICK HERE, for Propaganda #1, Canada must have 100 million people by the year 2100.
CLICK HERE, for Propaganda #2, Europe should have open borders.
CLICK HERE, for Propaganda #3, Islam not responsible for Islamic violence.
CLICK HERE, for Propaganda #4, The Wage Gap.
CLICK HERE, for Propaganda #5: Borders Are Pointless.
CLICK HERE, for Propaganda #6: State Supplied Drugs For Addicts.
CLICK HERE, for Propaganda #7: UN’s Call to Welcome Back ISIS fighters.
CLICK HERE, for Propaganda #8: Walls Are Useless. Don’t Bother.
CLICK HERE, for Propaganda #9: “Conspiring” With Free Speech Activist.
CLICK HERE, for Propaganda #10: World Hijab Day, celebrating a symbol of oppression as “diversity”.
CLICK HERE, for Propaganda #11: A Hit Piece That Conflates Sarcasm With Sincerity.
CLICK HERE, for Propaganda #12: Judy Sgro Shrugs Off Ethics Concerns.
CLICK HERE, for Propaganda #13, Charities Free To Engage In Political Spending.
CLICK HERE, for Propaganda #14, encouraging total demographic replacement of Canadians.
CLICK HERE, for Propaganda #15, free drugs for prison inmates.
CLICK HERE, for Propaganda #16, $2B of Pension Fund Spent in Mumbai, India.

2. Spoiler: Climate Change Industry A Scam

CLICK HERE, for the Climate Change Scam Part I.
CLICK HERE, for Part II, the Paris Accord.
CLICK HERE, for Part III, Saskatchewan Appeals Court Reference.
CLICK HERE, for Part IV, Controlled Opposition to Carbon Tax.
CLICK HERE, for Part V, UN New Development Funding.
CLICK HERE, for Part VI, Disruptive Innovation Framework.
CLICK HERE, for Part VII, Blaming Arson On Climate Change.
CLICK HERE, for Part VIII, Review Of Green New Deal.
CLICK HERE, for Part VIII(II), Sunrise Movement & Green New Deal.
CLICK HERE, for Part IX, Propaganda Techniques, Max Boykoff.
CLICK HERE, for Part X, GG Pollution Pricing Act & Bill C-97.
CLICK HERE, for part XI, Dr. Shiva Ayyadurai Explains Paris Accord.

As has been thoroughly explained and documented here previously, the climate change industry is a business. The entire “industry” requires deceiving the public in order to be successful. At the heart of it is a business opportunity: to make a lot of money at the expense of preying on people’s good intentions.

While profit is certainly a plausible motive for running this scam, the article suggests another. Is population reduction and control the real motivation behind creating this “crisis”?

3. U.N. Population Replacement Agenda

CLICK HERE, for tracing the steps of U.N. population replacement agenda over the last 50 years.
CLICK HERE, for replacement migration since 1974.
CLICK HERE, for multiculturalism violates convention against genocide.
CLICK HERE, for Harvard research on ethnic “fractionalization”.
CLICK HERE, for research into forced diversity.
CLICK HERE, for the 2016 New York Declaration.
CLICK HERE, for the 2018 Global Migration Compact.

UN webpages worth a read
CLICK HERE, for the UN Population Division website.
CLICK HERE, for the UN research into replacement migration
CLICK HERE, for Gov’t views & policies.
CLICK HERE, for participant contact info.
CLICK HERE, for Russian replacement migration.
CLICK HERE, for European replacement migration.
CLICK HERE, for Korean population decline.
CLICK HERE, for various conferences.
CLICK HERE, for the “About” page.
CLICK HERE, for “resolutions” from the UN Population Division.
CLICK HERE, for UN Convention on Prevention and Punishing Genocide.
CLICK HERE, for the UN Global Migration Compact.

4. Quotes From The Article

Climate change has taken global centre stage in recent months following three reports by the Intergovernmental Panel on Climate Change that paint a dire picture of the future should governments fail to take action on reducing greenhouse gas emissions.

It has been predicting the end of the world for decades. Not to brag, but we’re still here. This is more fearmongering.

But when the discussion turns to modifying our behaviours in order to reduce CO2 emissions in order to keep the planet from warming 1.5 C or 2 C above pre-industrial levels, the threshold that would result in widespread damage, one word creeps up more often than not: overpopulation.

You need Carbon Dioxide (CO2), to sustain plant life.

The argument is that if there were fewer people on Earth, greenhouse gases would be reduced and climate change could be averted. But experts say population control isn’t the panacea some think it might be.

“It is a very complicated, multifaceted relationship. Population issues certainly are an important dimension of how society will unfold, how society will be able to cope with this crisis over the course of this century,” said Kathleen Mogelgaard, a consultant on population dynamics and climate change and an adjunct professor at the University of Maryland.

A consultant on both:
(a) climate change; and
(b) population dynamics?

What could possibly go wrong?

“But it’s not a silver bullet, and it’s certainly not the main cause of climate change. And fully addressing population growth is not, on its own, going to be able to solve the climate crisis. But it is an important piece of the puzzle.“

“Is population an issue in climate change? Absolutely. Is it underreported, underrated, under-talked-about as an issue in climate change? Absolutely,” Engelman said. “If it were just Adam and Eve on the planet, they could fly a 747 around the world 24/7 and heat Mar-a-Lago and 25 other homes with coal, and it wouldn’t make a difference.”

But he notes population control alone “won’t solve” climate change.

Alone. Key word. It will take more than just population control. That implies that it will be part of the solution.

“It’s one of a number of things that needs to be considered as we try to address or respond to this incredibly difficult problem that the world is facing. There’s no one thing that’s going to do it.”

No. People like yourself should stay away from writing, and of public policy in general. Your ideas are harmful to society as a whole.

Concern about overpopulation has been rather long-standing. One of the most familiar arguments, by Thomas Robert Malthus, dates back to 1798. In An Essay on the Principle of Population, Malthus wrote that population growth would eventually surpass our ability to provide sustenance for the masses — a belief now known as Malthusianism.

The fear of overpopulation has even seeped into our pop culture: In the recent Marvel movies Avengers: Infinity War, the villain, Thanos, wants to eliminate half of the universe’s population in order to end suffering, such as starvation.

But Bricker believes it’s gone too far.

No kidding.

He’s particularly irked by recent stories about youth pledging not to have children; while many talk of fears over what the world will look like in the generations to come, still others point to population concerns.

The other thing to take into consideration about our growing population is that the issue isn’t so much about births, but rather about dying. Or more accurately not dying. Today, people are living longer.

So, should we withhold health care in certain cases in order to sped up the dying? Sort of sounds like the medical death squads Obamacare critics feared would come.

In China, for example, the average person lived to age 40 in 1950, Bricker said. According to the World Bank, the country’s average life expectancy is now 76.5, and by the mid-2030s, the average person should live to 80.

Access and education
One of the universal calls to prevent the global population from ballooning is to better educate women, particularly in developing countries.

“The key to achieving slower population growth is best done through a rights-based approach that includes educating girls and providing universal access to family planning and reproductive health services,” said Mogelgaard. “That is the best and most sustainable way to achieve reductions in fertility that leads to slower population growth.”

To anyone who doesn’t know “reproductive health services” is often a euphemism used to mean “abortion”. Slow the population growth by promoting abortion.

“Per capita is important,” he said. “One-third of the population already have lower per capita CO2 emissions than we do, and they’re dropping faster.”

Serious question: what happens when you reduce CO2 to the point where plant life is not sustainable anymore? Are you that dense, or is it just an excuse to promote your taxes and globalist agenda?

Instead of looking at population control as the biggest factor in the battle against climate change, experts say it’s about looking at better education for women, adopting cleaner energy and changing our overall consumption patterns, especially in developed countries.

Not ruling out the idea of population control and reduction, just saying there are some other approaches to consider as well.

There is no single solution.
“Just because we slow population growth, if we continue to use coal-fired power plants to generate electricity, or if we continue to cut down forests at the rate that we’re cutting down forests, those are going to be challenges regardless what the population is,” said Mogelgaard.

So population control and reduction is not the only solution, but apparently it is part of the puzzle. Yay, I suppose.

5. Photosynthesis Explained

This video explains the process of photosynthesis very well, and very quickly. This so-called “pollution”, Carbon Dioxide, is a critical part of that chemical process.

6. Population Control Read Agenda

Photosynthesis is a process that plants engage in to convert CO2 and H2O into sugars. It is necessary to sustain life. Remove the Carbon Dioxide and this does not work. Why engage in such obviously junk science unless there was some other goal?

As has been outlined previously, one of the main goals to use the money generated in Carbon taxes and other U.N. schemes to generate a slush fund which can create more wealth. In short, the public is being forced to subsidize these investment schemes.

Of course, the United Nations has been studying population dynamics since the 1950s. And guess what the solution they always propose? More immigration from the 3rd World to the 1st.

If Western nations were to indulge in population control, as suggested by the author, will we then be subjected to a bait-and-switch? Will lower birth rates be used as an excuse to import more of the 3rd World?

Creepy, nefarious, and evil.

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UN Global Taxation Efforts & Schemes

(Ways to raise money)

(Details of proposed global tax scheme)

These are not the only examples, but should serve as an illustration for the “taxation” efforts the UN is undertaking in order to finance its various agendas. Of course its ultimate goal is world domination. It’s quite the rabbit hole, and this is just surface level.

(Shiva Ayyadurai, Republican and former Senate Candidate explains how the Carbon tax really works.)

1. Paris Accord Is All About Taxation

(This is the Paris Accord, and “Conservative” Garnett Genuis’ dishonest spin in supporting it in Parliament.)

This is not an exaggeration, or hyperbole. The entire point of the agreement is to generate an enormous slush fund. The UN IPCC and select partners can then put that money into the commodities market and make trillions from it.

If you have any doubts about that, read Article 9 from the Paris Agreement. It spells out the “financial flow” in no uncertain terms.

1. Developed country Parties shall provide financial resources to assist developing country Parties with respect to both mitigation and adaptation in continuation of their existing obligations under the Convention.

2. Other Parties are encouraged to provide or continue to provide such support voluntarily.

3. As part of a global effort, developed country Parties should continue to take the lead in mobilizing climate finance from a wide variety of sources, instruments and channels, noting the significant role of public funds, through a variety of actions, including supporting country-driven strategies, and taking into account the needs and priorities of developing country Parties. Such mobilization of climate finance should represent a progression beyond previous efforts.

4. The provision of scaled-up financial resources should aim to achieve a balance between adaptation and mitigation, taking into account country-driven strategies, and the priorities and needs of developing country Parties, especially those that are particularly vulnerable to the adverse effects of climate change and have significant capacity constraints, such as the least developed countries and small island developing States, considering the need for public and grant-based resources for adaptation.

5. Developed country Parties shall biennially communicate indicative quantitative and qualitative information related to paragraphs 1 and 3 of this Article, as applicable, including, as available, projected levels of public financial resources to be provided to developing country Parties. Other Parties providing resources are encouraged to communicate biennially such information on a voluntary basis.

6. The global stock take referred to in Article 14 shall take into account the relevant information provided by developed country Parties and/or Agreement bodies on efforts related to climate finance.

7. Developed country Parties shall provide transparent and consistent information on support for developing country Parties provided and mobilized through public interventions biennially in accordance with the modalities, procedures and guidelines to be adopted by the Conference of the Parties serving as the meeting of the Parties to this Agreement, at its first session, as stipulated in Article 13, paragraph 13. Other Parties are encouraged to do so.

8. The Financial Mechanism of the Convention, including its operating entities, shall serve as the financial mechanism of this Agreement.

9. The institutions serving this Agreement, including the operating entities of the Financial Mechanism of the Convention, shall aim to ensure efficient access to financial resources through simplified approval procedures and enhanced readiness support for developing country Parties, in particular for the least developed countries and small island developing States, in the context of their national climate strategies and plans.

These are quotes directly from the Paris Accord. In particular, Article 9 makes it abundantly clear that this is all about “financial flow” and a transfer of wealth from the developed world to the developing world.

Actual environmental changes seem almost to be an afterthought. This is a giant wealth transfer scheme.

2. New Development Finance, Bait-and-Switch

Okay, what are these “revenue sources”?

  • SDR (or special drawing rights), from IMF $150B-$270B
  • Carbon taxes, $240B
  • Leveraging SDR, $90B
  • Financial transaction tax, $10B-70B
  • Billionaire tax, $90B
  • Currency trading tax, $30B
  • EU emissions trading scheme, $5B
  • Air passenger levy, $10B
  • Certified emission reduction tax, $2B
  • Current ODA Flow, $120B

If these numbers are accurate, then the US is viewed as a cash cow somewhere to the tune of $627 billion to $807 billion. Yes, this only refers to revenue potential from the United States. I believe this is annually.

What does the report say about SDAs?

These include taxes on financial and currency transactions and on greenhouse gas emissions, as well as the creation of new international liquidity through issuance of special drawing rights (SDRs) by the International Monetary Fund IMF), to be allocated with a bias favouring developing countries or leveraged as development financing. Though their potential may be high, these proposals are subject to political controversy. For instance, many countries are not willing to support international forms of taxation, as these are said to undermine national sovereignty.

No kidding. There is a lot of political opposition to taxes which are deemed to undermine national sovereignty. Could that be because these taxes AREN’T being used to support the well being of the citizenry? Instead the money is being funnelled out of the country in the name of some global good project.

This is how bait-and-switch works:
(1) Raise money using cause A.
(2) Actually spend the money on cause B.

An array of other options with large fundraising potential have been proposed (see figure O.1 and table O.1), but have not been agreed upon internationally thus far. These include taxes on financial and currency transactions and on greenhouse gas emissions, as well as the creation of new international liquidity through issuance of special drawing rights (SDRs) by the International Monetary Fund IMF), to be allocated with a bias favouring developing countries or leveraged as development financing. Though their potential may be high, these proposals are subject to political controversy. For instance, many countries are not willing to support international forms of taxation, as these are said to undermine national sovereignty.

(Page 86) Debt-conversion mechanisms
Debt conversion entails the cancellation by one or more creditors of part of a country’s debt in order to enable the release of funds which would otherwise have been used for debt-servicing, for use instead in social or environmental projects. Where debt is converted at a discount with respect to its face value, only part of the proceeds fund the projects, the remainder reducing the external debt burden, typically as part of a broader debt restructuring.

Debt to developing nations can be “forgiven”, at least partly, if certain conditions are met. However, the obvious question must be asked:

Can nations be loaned money they could never realistically pay back, in order to ensure their compliance in UN or other global agenda, by agreeing to “forgive” part of it?

(Page 86) Debt conversion first emerged, in the guise of debt-for-nature swaps, during the 1980s debt crisis, following an opinion article by Thomas Lovejoy, then Executive Vice-President of the World Wildlife Fund (WWF), in the New York Times in 1984. Lovejoy argued that a developing country’s external debt could be reduced (also providing tax relief to participating creditor banks) in exchange for the country’s taking measures to address environmental challenges. Estimates based on Sheikh (2010) and Buckley, ed. (2011) suggest that between $1.1 billion and $1.5 billion of debt has been exchanged through debt-for-nature swaps since the mid–1980s, although it is not possible to assess how much of this constitutes IDF, for the reasons discussed in box III.1.

If debt can be forgiven in return for environmental measures, then why not simply fund these environmental measures from the beginning? Is it to pressure or coerce otherwise unwilling nations into agreeing with such measures?

(Page 88)
There have been two basic forms of debt-for-nature exchanges (Buckley and Freeland, 2011). In the first, part of a country’s external debt is purchased by an environmental non-governmental organization and offered to the debtor for cancellation in exchange for a commitment to protect a particular area of land. Such transactions occurred mainly in the late 1980s and 1990s and were generally relatively small-scale. An early example was a 1987 deal under which Conservation International, a Washington, D.C.-based environmental non-governmental organization, bought $650,000 of the commercial bank debt of Bolivia (now Plurinational State of Bolivia) in the secondary market for $100,000, and exchanged this for shares in a company established to preserve 3.7 million acres of forest and grassland surrounding the Beni Biosphere Reserve in the north-east part of the country. In the second form, debt is exchanged for local currency (often at a discount), which is then used by local conservation groups or government agencies to fund projects in the debtor country. Swaps of this kind are generally much larger, and have predominated since the 1990s. The largest such swap came in 1991, when a group of bilateral creditors agreed to channel principal and interest payments of $473 million (in local currency) into Poland’s Ecofund set up to finance projects designed to counter environmental deterioration. The EcoFund financed 1,500 programmes between 1992 and 2007, providing grants for conservation projects relating to cross-border air pollution, climate change, biological diversity and the clean-up of the Baltic Sea (Buckley and Freeland, 2011).

We will “forgive” your debt if:
(1) A portion of your land is off limits; or
(2) Debt converted to currency to fund “projects”

The entire document is 178 pages. While a tedious read, it’s worthwhile.

3. UN Wants $400B In Global Taxation

(UN supports global tax to raise $400B)

New York, 5 July 2012 –The United Nations is proposing an international tax, combined with other innovative financing mechanisms, to raise more than $400 billion annually for development and global challenges such as fighting climate  change. In its annual report on global development, World Economic and Social Survey 2012: In Search of New Development Finance, (WESS 2012) launched today, the UN says, in the midst of difficult financial times, many donor countries have cut back on development assistance. In 2011, for the first time in many years, aid flows declined in real terms

The survey finds that the financial needs of developing countries have long outstripped the willingness and ability of donors to provide aid. And finding the necessary resources to achieve the Millennium Development Goals and meet other global challenges, such as addressing climate change, will be tough, especially for least developed countries. 

The need for additional and more predictable financing has led to a search for new sources not as a substitute for aid, but as a complement to it . A number of innovative initiatives have been launched during the past decade, mainly to fund global health programmes aimed at providing immunizations, AIDS and tuberculosis treatments to millions of people in the  developing  world.  The  UN  survey  finds  that  while  these  initiatives have successfully used new methods to channel development financing to combat diseases, they have hardly yielded any additional funding on top of traditional development assistance. 

This source explains it straight from the horse’s mouth. The UN is not taking in enough money for its various schemes. In fact, real contributions are shrinking. Therefore it is necessary to come up with new and innovative ways to tax developed nations.

Of course one of the most common ways is with the “climate change” scam. But it is hardly the only one. The UN views many forms of wealth simply as money to tap into.

4. UN Eyeing Up African Pensions

(Pensions are also being eyed as a funding source)

(Page 10) III. PENSION FUNDS DIRECT INVESTMENT IN INFRASTRUCTURE
International experience At 36.6 percent of GDP, assets of the pension funds in OECD countries are relatively large. As of end-2013, pension-fund assets were even in excess of 100 percent in countries such as the Netherlands, Iceland, Switzerland, Australia, and the United Kingdom (Figure 1). In absolute terms, pension funds in OECD countries held $10.4 trillion of assets. While large pension funds (LPFs) held about $3.9 trillion of assets, assets in public and private sector and public pension reserves (PPRFs) stood at $6.5 trillion.

(Page 30) C. Policy framework for investment in infrastructure Pension funds—just like other investors, domestic and foreign—need a fair, transparent, clear, and predictable policy framework to invest in infrastructure and other assets. This is important as infrastructure assets have a number of characteristics that increase investors’ perception of risk. First, infrastructure projects typically involve economies of scale and often lead to natural monopolies with high social benefits and, at times, lower private returns. As a result, infrastructure projects may require heavy government involvement. Second, infrastructure projects are often large and long-lived with a significant initial investment but with cash flows that accrue over a long horizon.

In this regard, improving the policy framework for investment can be useful to countries seeking to develop the investor base for infrastructure. For instance, the OECD’s Policy Framework for Investment (PFI) uses self-assessments and/or an external assessment by the OECD to help a country elaborate policies for capacity building and private sector development strategies, and inform the regional dialogue (OECD, 2015b). The PFI’s investment policy refers not only to domestic laws, regulations, and policies relating to investment but also goals and expectations concerning the contribution of investment to sustainable development, such as infrastructure

(Page 31) D. Infrastructure financing instruments available to pension funds Even in well-performing pension systems where the governance, regulation, and supervision of pension funds are conducive to investment in infrastructure and there is a sound policy framework for investment, there is still a need for adequate instruments to channel pension fund assets into the infrastructure sector. Pension funds can use a number of channels to invest in infrastructure. Direct exposure is gained mainly through the unlisted equity instruments (direct investment in projects and infrastructure funds) and project bonds, while indirect exposure is normally associated with listed equity and corporate debt. More specifically, pension funds can rely on a number of options such as

The paper itself is quite long, but here is the gist of it. (See archive). The UN wants to take African pension funds and use them to “invest” it UN type of schemes.

While this seems harmless enough, remember the Paris Accord. The UN thinks nothing of taxing the developed world hundreds of billions of dollars under false pretenses in order to invest in the commodities market. Nor does the UN object to giving “infrastructure loans” to nations that will likely never be able to pay it back.

It should alarm people that an organization with no inherent loyalty to the region would want to use African pension funds to finance its own agenda.

5. UN Environment Programme (UNEP)

(UN Environment Programme)

United Nations Environment Programme – Finance Initiative (UNEP FI) is a partnership between United Nations Environment and the global financial sector created in the wake of the 1992 Earth Summit with a mission to promote sustainable finance. More than 250 financial institutions, including banks, insurers, and investors, work with UN Environment to understand today’s environmental, social and governance challenges, why they matter to finance, and how to actively participate in addressing them.

UNEP FI’s work also includes a strong focus on policy – by facilitating country-level dialogues between finance practitioners, supervisors, regulators and policy-makers, and, at the international level, by promoting financial sector involvement in processes such as the global climate negotiations.

Here are the members of the Global Steering Committee. In short, this is a partnership between the UN and banking sector.

Keep in mind the “New Development Financing” agenda discussed earlier. Money is taken and used to “invest” in 3rd World Development Programs. Countries that are unable to pay back are forced either to give up sovereignty, or comply with other arrangements.

Banks are in the business of making money. Alternatively, they are in the business of acquiring assets which can be converted into money, or otherwise make them money. What if this banking alliance has no altruistic roots, and is meant to be predatory?

Uppity Peasants has an interesting take on the UNEP.

Make no mistake, this is exactly what happens to these people, by the way. One cross-country comparison between microloan recipients in Bangladesh and payday loan recipients in Canada found that both ‘products’ tend to attract the same kinds of people to them from very similar backgrounds, for largely the same reasons — i.e., neither group tends to use these loans for re-investment, such as starting a business; rather, they use them to cover day-to-day expenses at exorbitant interest rates, thus entrapping themselves in a cycle of never ending debt (Islam & Simpson, 2018). If you know how bad the consequences of payday lending can be for people in the first world, imagine how bad it is for someone who’s already living in third world-levels of poverty.

Now, part of the reason why the UNEP, of all possible agencies, is so heavily invested (emotionally and literally) into fintech and other start-up technologies is because many of the “incumbent banks” — the top-players of our current system — don’t think that completely up-ending the global financial system to move the focus away from profits and toward complying with heavy-handed, UN-decided environmental regulations is a particularly attractive road to go down. In the next excerpt, the UNEP openly admit that start-ups in this area are better to invest in for the pursuit of ‘change’, specifically because their owners tend to be new to the world of business and, as such, don’t know enough about what they’re doing to avoid being manipulated — and that’s where the UNEP comes in.

Uppity Peasants argues that the UNEP is driven much more on a business model than on any kind altruistic path. Further, the circumstances which the aid recipients require the resources to cover essential expenses means they are unable to invest anything. This is similar to a payday loan type of system.

6. Green Finance For 3rd World $5-7 Trillion

(Green finance for developing countries)

(Page 13)In 2015, governments adopted three major agreements that set out their vision for the coming decades: a new set of 17 sustainable development goals (SDGs), the Paris Agreement on climate change and the ‘financing for development’ package. Finance is central to realizing all three agreements – and these now need to be translated into practical steps suited to each country’s circumstances.

Sustainable Energy for All estimates that annual global investments in energy will need to scale up from roughly US$400 billion at present to US $1-1.25 trillion. Of that, US$40-100 billion annually is needed to achieve universal access to electricity. Overall, US $5-7 trillion a year is needed to implement the SDGs globally. Developing countries are estimated to face an annual investment gap of US$2.5 trillion in areas such as infrastructure, clean energy, water and sanitation, and agriculture.

(Page 14) The challenge for financial systems is twofold: to mobilize finance for specific sustainable development priorities and to mainstream sustainable development factors across financial decision-making.

Capital needs to be mobilized for inclusion of underserved groups (e.g. small and medium enterprises), raising capital for sustainable infrastructure (e.g. energy, housing, transport, urban design) and financing critical areas of innovation (e.g. agriculture, mobility, power).

Sustainability needs to become mainstream for financial institutions. This starts with ensuring market integrity (e.g. tax, corruption, human rights) and extends to integrating environmental and social (E&S) factors into risk management (e.g. climate disruption, water stress). Sustainability also needs to be incorporated into the responsibilities and reporting of market actors to guide their decision-making. Momentum is building to align financial systems with the financing needs of an inclusive, sustainable economy. This is complementary to ‘real economy’ actions such as environmental regulations, reform of perverse subsidies and changes to resource pricing. However, while these are critical, it is increasingly recognized that changes are also needed in the financial system to ensure that it is both more stable and more connected to the real economy.

Some interesting points here:

  • $5 to $7 trillion (yes trillion) needed annually fulfill these goals. The billions stated before was lowballed.
  • The “sustainability” agenda needs mass marketing.
  • Finance needed for:
    1. 17 goals of Agenda 2030
    2. Paris Climate Accord
    3. Finance for development
  • 3 above items to be integral part of national agendas.
  • Most of this has nothing to do with the environment

In fact, it reads like a global version of the US Green New Deal, proposed by Alexandria Ocasio-Cortez. In fact, her Chief of Staff, Saikat Chakrabarti, admitted it was about changing the economy, not the environment.

7. International Chamber Of Commerce

(International Chamber of Commerce)

THE INTERNATIONAL CHAMBER OF COMMERCE ICC is the world’s largest business organization with a network of over 6 million members in more than 130 countries. We work to promote international trade, responsible business conduct and a global approach to regulation through a unique mix of advocacy and standard setting activities—together with market-leading dispute resolution services. Our members include many of the world’s largest companies, SMEs, business associations and local chambers of commerce.
.
We are the world business organization.

That quote came from their policy guide. Pretty straightforward. They want to run business on a global level. Now, let’s get to the meat and potatoes, the tax proposals:

Interplay between tax policy making and economic growth The world’s population is predicted to increase by 2 billion people by 2050, and the population of the world’s least developed countries is projected to double by 2053, in some countries even tripling. By 2025 half of the world’s population will be living in water-stressed areas. Under such circumstances, the need for large-scale investment in economic growth and development becomes evident.

Whilst there is no panacea, it is evident that greater alignment of investment and tax policies would be essential in promoting investment, job creation and economic growth. International commerce remains a powerful mechanism to help lift people out of poverty. Tax is intrinsically linked to development as taxation provides the revenue that states need to mobilize resources and reinforce a country’s infrastructure. Taxation “provides a predictable and stable flow of revenue to finance public spending, and shapes the environment in which investment, employment and trade takes place.”

Further, it is important to have a fair, efficient, and effective revenue collection infrastructure to promote economic and social development. Domestic resource mobilization (DRM) has been proposed as a way to meet the SDGs with the development finance already available. However, DRM can be impeded by unclear and confusing tax systems. It is imperative that companies are able to move products and services into areas where they are most needed without unnecessary administrative impediments.

Having a reliable and consistent taxation policy seems reasonable enough. However, the ICC is not being clear on the reason behind the push. They want better taxation methods in order to INCREASE the amount of revenue available.

Governments often side with these groups, even when it is not in the best interests of the citizens themselves. “Investment” dollars are then shovelled into infrastructure projects.

Tax the people, so that the money can be “properly” spent, as the UN and their partners see fit.

8. Addis Ababa Action Agenda

(Addis Ababa Action Agenda)

(Page 10) DOMESTIC PUBLIC RESOURCE
For all countries, public policies and the mobilization and effective use of domestic resources, underscored by the principle of national ownership, are central to our common pursuit of sustainable development, including achieving the sustainable development goals. Building on the considerable achievements in many countries since Monterrey, we remain committed to further strengthening the mobilization and effective use of domestic resources

(Page 10) 22. We recognize that significant additional domestic public resources, supplemented by international assistance as appropriate, will be critical to realizing sustainable development and achieving the sustainable development goals. We commit to enhancing revenue administration through modernized, progressive tax systems, improved tax policy and more efficient tax collection. We will work to improve the fairness, transparency, efficiency and effectiveness of our tax systems, including by broadening the tax base and continuing efforts to integrate the informal sector into the formal economy in line with country circumstances.

23. We will redouble efforts to substantially reduce illicit financial flows by 2030, with a view to eventually eliminating them, including by combating tax evasion and corruption through strengthened national regulation and increased international cooperation. We will also reduce opportunities for tax avoidance, and consider inserting anti-abuse clauses in all tax treaties. We will enhance disclosure practices and transparency in both source and destination countries, including by seeking to ensure transparency in all financial transactions between Governments and companies to relevant tax authorities. We will make sure that all companies, including multinationals, pay taxes to the Governments of countries where economic activity occurs and value is created, in accordance with national and international laws and policies

(Page 13) 27. We commit to scaling up international tax cooperation. We encourage countries, in accordance with their national capacities and circumstances, to work together to strengthen transparency and adopt appropriate policies, including multinational enterprises reporting country-by-country to tax authorities where they operate; access to beneficial ownership information for competent authorities; and progressively advancing towards automatic exchange of tax information among tax authorities as appropriate, with assistance to developing countries, especially the least developed, as needed. Tax incentives can be an appropriate policy tool. However, to end harmful tax practices, countries can engage in voluntary discussions on tax incentives in regional and international forums.

(Page 45) 98. We affirm the importance of debt restructurings being timely, orderly, effective, fair and negotiated in good faith. We believe that a workout from a sovereign debt crisis should aim to restore public debt sustainability, while preserving access to financing resources under favourable conditions. We further acknowledge that successful debt restructurings enhance the ability of countries to achieve sustainable development and the sustainable development goals. We continue to be concerned with non-cooperative creditors who have demonstrated their ability to disrupt timely completion of the debt restructurings.

In no way does this cover the entire document. However, there are 3 themes which get repeated over and over again.

  1. Efficient tax collection
  2. Global tax regulations and data sharing
  3. “Sustainable” debt and borrowing

There is very little in this document, about actually improving lives, improving infrastructure, or improving the environment. Instead, it is all about implementing a global taxation system, while eliminating “off the books”, or illicit cash.

9. Global Tax Avoidance Measures

(Global tax avoidance measures)

Exchange of information for tax purposes
Exchange of information has long been included as a feature of tax treaty models. By agreeing to exchange information with respect to taxpayers, countries can become more aware of the global activities taxpayers are engaging in and impose tax that should be due.

The upcoming 2017 revision of the United Nations Model Double Taxation Convention between Developed and Developing countries is expected to bring a new revised version of the exchange of information provision, following the approval of the new United Nations Code of Conduct. The Committee agreed in 2016 to a proposal for a United Nations Code of Conduct on Cooperation in Combating International Tax Evasion. This Code supports the automatic exchange of information for tax purposes as the way forward for countries generally, but recognizes that it is vital for developing countries to exchange information, even if they are not ready for automatic exchange. The Code of Conduct has been approved by the Committee of Experts in 2016, and set automatic exchange of information as the new universal standard after ECOSOC adopted the Code of Conduct in a Resolution in 2017, during the ECOSOC Special Meeting on International Cooperation on Tax Matters. .Furthermore, the OECD model convention and commentaries is expected to broaden the scope of the exchange of information article to allow triangular, or multi-party exchange of information requests.

While this certainly sounds like some well meaning way to prevent money laundering and tax fraud, there is another angle to look at.

Having a global (or at least more centralized) database of people and their taxable income will allow for more efficient and effective tax collection. This is especially true whenever a new “development project” needs funding.

Furthermore, if there is such a global system, it will be easier to determine who isn’t paying “their fair share” when it comes to contributions. Those national governments can then act accordingly. Also, who doesn’t view this as becoming a global version of Revenue Canada, or the American IRS?

10. From Billions To Trillions (SF 2.0)

(Why stop at just billions?)

Achieving the Sustainable Development Goals (SDGs) will require an enormous increase in external financing flows to developing countries. Development Finance Institutions (DFIs) have gradually started to shift their business model towards de-risking services to crowd in long-term, low-risk private capital. However, the targeted scaling up of private investment from billions to trillions to realise the SDGs contains massive risks for stability. And good macro-policies are needed, in turn, to address such underlying risks. Countries that need the greatest amount of development finance are often those that have domestic financial resource constraints and underdeveloped markets. Financing their growth and investment opportunities makes the management of exchange rate risks, which are inherent in development finance, a critical challenge.

Merely supplying development finance is not enough. It needs to be done in socially and economically sustainable ways, where risks are allocated to those who can best manage and sustain them. Efficient use of limited public resources, through improved policies and regulatory processes, is required to achieve the SDGs and related efforts. Governments around the world must work together to offer feasible business opportunities to the private sector that are in line with domestic and international development objectives. Only with such coordinated action will we succeed in moving from billions to trillions to realise sustainable progress for all.

This article should serve as a warning to anyone who thinks that this global development system is going to be steady. Wrong. Once considered “fully operational”, the next step is to upscale it, and make it far bigger.

It is not governments who will be paying for these globalist schemes. It is the working class tax-payers who will see more and more of their wealth transferred to these projects.

Of course, once your money leaves Canadian soil, there is little to no accountability or control over what happens to it. But that it routinely downplayed.

11. What To Make From All This?

To state the obvious: these agendas and agreements are bringing nations towards a global taxation model. Countries (presumably under UN control) will be expected to share data on tax paying citizens and other people earning money. While this is touted as an anti-tax avoidance measure, the real goal is making sure the global order accounts for all money and where it goes.

Going towards a “cashless society” also helps in that regard. Hence the push for more and more electronic options, while making cash payments more difficult.

Beyond enforcement, knowing which nations have money and how much will make it easier to determine who shall pay how much as their “fair share” of future projects. We won’t have nations in the traditional sense, just shareholders.

International agreements like the Paris Accord have nothing to do with the environment. That is just the sales pitch. Instead, it an excuse to funnel huge sums of money to the UN to finance their business model. It is taking advantage of an altruistic goal.

This is about having a globalist, centralized economy and taxation. The environmental and humanitarian claims are just talking points.

(1) https://www.un.org/en/development/desa/policy/wess/wess_current/2012wess.pdf
(2) 2012.new.development.finance
(3) https://www.un.org/en/development/desa/policy/wess/wess_current/2012wesspr_en.pdf
(4) 2012, Call To Raise $400 Billion
(5) https://www.fsmgov.org/paris.pdf
(6) https://sustainabledevelopment.un.org/content/documents/2051AAAA_Outcome.pdf
(7) Addis Ababa Action Agenda
(8) https://iccwbo.org/publication/tax-united-nations-sustainable-development-goals/
(9) https://iccwbo.org/content/uploads/sites/3/2018/02/icc-position-paper-on-tax-and-the-un-sdgs.pdf
(10) http://unepinquiry.org/wp-content/uploads/2016/08/Green_Finance_for_Developing_Countries.pdf
(11) Green_Finance_for_Developing_Countries
(12) https://developmentfinance.un.org/international-efforts-combat-tax-avoidance-and-evasion
(13) https://www.un.org/en/africa/osaa/pdf/pubs/2017pensionfunds.pdf
(14) https://www.un.org/pga/72/wp-content/uploads/sites/51/2018/05/Financing-for-SDGs-29-May.pdf
(15) Financing-for-SDGs-29-May
(16) https://mnetax.com/un-releases-updated-model-tax-treaty-adding-new-technical-service-fees-article-27765
(17) “https://oecd-development-matters.org/2018/07/31/development-finance-2-0-from-billions-to-trillions/
(18) https://developmentfinance.un.org/sites/developmentfinance.un.org/files/FSDR2019_ChptII.pdf
(19) Financing for Sustainable Development 2019
(20) https://www.unepfi.org/about/
(21) https://www.uncdf.org/
(22) https://oim.unjspf.org/
(23) https://www.unfcu.org/home/
(24) https://uppitypeasants.home.blog/2019/08/10/fintech-for-sustainable-development-assessing-the-implications/
(25) https://canucklaw.ca/guest-post-sunrise-movement-and-the-green-new-deal/

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Who Is SNC-Lavalin Really Connected To?

1. Important Links

(1) https://www.snclavalin.com/en
(2) https://www.snclavalin.com/en/about/leadership-and-governance/board-of-directors
(3) http://www.trudeaufoundation.ca/en/community/jacques-bougie
(4) https://pressprogress.ca/more-than-half-of-the-canada-infrastructure-banks-board-of-directors-have-liberal-connections/
(5) https://buffalochronicle.com/2019/03/22/bmos-kevin-lynch-threatened-job-losses-in-call-to-wernick/

(6) https://canucklaw.ca/canadian-infrastructure-bank-and-cib-act/
(7) https://laws.justice.gc.ca/eng/acts/C-6.18/FullText.html
(8) https://canucklaw.ca/canadas-bill-c-74-deferred-prosecution-agreementand-oecd-anti-bribery-agreementand-oecd-anti-bribery-agreement/
(9) https://www.budget.gc.ca/fes-eea/2018/docs/statement-enonce/fes-eea-2018-eng.pdf (Pgs 37-42)
(10) https://canucklaw.ca/unifor-interview-denies-crawling-into-bed-with-government/
(11) https://www.canada.ca/en/employment-social-development/programs/social-innovation-social-finance/steering-group/member-biographies.html

(12) https://www.worldbank.org/en/projects-operations/procurement/debarred-firms
(13) https://laws-lois.justice.gc.ca/eng/acts/d-2.5/page-1.html
(14) https://lobbycanada.gc.ca/eic/site/012.nsf/eng/h_00000.html
(15) https://lobbycanada.gc.ca/app/secure/ocl/lrs/do/clntSmmry?clientOrgCorpNumber=359826&sMdKy=1562758127214
(16) https://www.elections.ca/WPAPPS/WPF/EN/CCS/C
(17) https://lobbycanada.gc.ca/app/secure/ocl/lrs/do/vwRg?cno=359914&regId=890581
(18) https://business.financialpost.com/news/rcmp-charges-snc-lavalin-with-fraud-and-corruption-linked-to-libyan-projects

2. Who Are The Board Members Of SNC-Lavalin?

  • Ian L. Edwards is the interim President and CEO. Prior to joining Lavalin, he worked at Leighton Asia, which had its own corruption scandal.
  • Kevin Lynch is the Chairman of SNC-Lavalin, but he has also held other interesting roles:
    (1) former Clerk of Privy Council;
    (2) former Secretary to the Cabinet;
    (3) former Deputy Minister of Finance;
    (4) former Deputy Minister of Industry;
    (5) former Executive Director for Canada at the IMF;
    (6) current Vice-Chairman of BMO Financial Group
  • Jacques Bougie, O.C., is member of Governance & Ethics Committee, with some connections of his own:
    (1) Director of CSL Group Inc.;
    (2) Director at McCain Foods Limited;
    (3) former Board member at RBC;
    (4) former Board Member at Bell Canada;
    (5) former member of Trilateral Commission;
    (6) Member of Trudeau Foundation
  • Isabelle Courville, Chair of the Human Resources Committee
    (1) Chair of the board of directors of the Laurentian Bank of Canada;
    (2) President of Bell Canada’s Enterprise segment from 2003 to 2006;
    (3) Director of Canadian Pacific Railway Limited;
    (4) director of the Institute for Governance of Private and Public Organizations;
    (5) former member of APEC Business Advisory Council
  • Catherine J. Hughes, Member of the Audit Committee
  • Steven L. Newman, Chair of the Governance and Ethics Committee
    (1) non-executive director of Tidewater, Inc.;
    (2) Dril-Quip, Inc.;
    (3) Rubicon Oilfield International Holdings GP Ltd;
    (4) limited partner of Rubicon Oilfield International Holdings
  • Jean Raby, Member of the Audit Committee
    (1) former adviser to the CFO of Nokia;
    (2) member of the board of Fiera Capital Corporation;
    (3) Co-CEO of Goldman Sachs (France, then Russia);
    (4) Chief Financial and Legal Officer of Alcatel-Lucent S.A
  • Alain Rhéaume, Member of the Audit Committee
    (1) Ministry of Finance of the Québec Government, 1974 to 1996;
    (2) former public director of the Canadian Public Accountability Board;
    (3) former Executive Vice-President of Rogers Wireless
  • Eric D. Siegel, ICD.D, Member of the Audit Committee
    (1) former President and CEO of Export Development Canada (EDC);
    (2) Director of Citibank Canada
  • Zin Smati,, Chair of the Safety, Workplace and Project Risk Committee
  • Benita M. Warmbold, Chair of the Audit Committee, has been in finance for decades. Here are some of her connections.
    (1) Senior VP and COO of CPPIB from 2008 to 2013;
    (2) Senior Managing Director and CFO of CPPIB from 2013-2017;
    (3) Director at Bank of Nova Scotia;
    (4) former CFO for Northwater Capital Management Inc

Kevin Lynch is Vice-Chairman of BMO Financial Group.
Jacques Bougie is a former Board Member at RBC.
Benita M. Warmbold is a former Director at Scotia Bank.
Eric D. Siegel is Director at Citibank Canada.
Isabelle Courville is Chair of BOD at Laurentian Bank.
Jean Raby is former Co-CEO of Goldman Sachs.

Alain Rhéaume is former Executive VP of Rogers.
Jean Raby is former advisor to CFP of Nokia.
Jacques Bougie is a former Director at Bell.

3. Access To Privy Council Via Kevin Lynch

(Kevin Lynch, Chairman of SNC Lavalin, among other roles, was Clerk of the Privy Council. He clearly still has access to the Council. Taken from his BMO profile.)

From the Buffalo Chronicle article:

SNC Lavalin Chairman Kevin G. Lynch, who also serves as Bank of Montreal‘s Vice Chairman, placed a call on October 15th to Michael Wernick, during which he repeatedly threatened the Clerk of the Privy Council of a potential loss of 9,000 Canadian jobs — ominously suggesting that the decision was to be made at a looming board meeting. Lynch feared that his firm could be implicated in the widespread bribery of First Nations officials in British Columbia.

Wernick, who holds a bachelors degree in economics from the University of Toronto, did not apply scrutiny to that assertion, despite his training, before repeating the threat to Prime Minister Justin Trudeau and others in the PMO.

Although Lynch had left the Privy Council a decade ago, he clearly still has some clout. A single phone call was enough to get Michael Wernick to attempt to get SNC Lavalin off the hook via the DPA (deferred prosecution agreement). Wernick doesn’t seem to see problem with SNC-L having such easy access to the Privy Council. However, the majority of Canadians do.

4. Jacques Bougie Sits On Trudeau Foundation

(Jacques Bougie, Member of the Governance and Ethics Committee for SNC Lavalin, also is part of the Trudeau Foundation)

Yet another obvious conflict of interest case. A board member of Lavalin also sitting on the board of the Trudeau foundation. Not that these two roles would ever get Goudie to lean on Trudeau for favourable treatment towards Lavalin.

5. Jacques Bougie Also Sits On McCain’s B.O.D.

(Finance Minister Bill Morneau is married to Nancy McCain, heiress to McCain’s Food’s Ltd. Jacques Bougie from SNC-Lavalin “also” sits as a Director for McCain’s.)

6. Bruce Hartley: SNC Lobbyist & Liberal Donor

(Bruce Hartley is a regular Liberal donor, according to Elections Canada.)

(Hartley is also a registered lobbyist for SNC-Lavalin)

Bruce Hartley, now a lobbyist for SNC-Lavalin, has donated 124 times since 2005 to the Liberal Party and its members. But now that he acts as a lobbyist, he certainly won’t get the Liberals (whom he supports financially) to do anything nefarious, would he?

Actually, he did. Hartley, in his capacity as an SNC-Lavalin employee, lobbied the Federal Government to introduce the “Deferred Prosecution Agreement” (or DPA). This DPA would allow companies like Lavalin to avoid a 10 year ban on receiving government contracts if found guilty of criminal activity

That’s right. A long time Liberal supporter gets a job as a lobbyist. He then turns around and uses that position to get the law changed to allow his new employer to get off the hook for what would have been a 10 year ban on Canadian contracts.

And here is another lobbyist, William Pristanski, who also lobbied to get the deferred prosecution agreement (DPA) for Lavalin.

Reading through his profile with the Lobbying Commissioner of Canada, it seems Pristanski’s role was basically the same as Hartley’s.

7. SNC Lobbied Current Attorney General David Lametti

(then Parliamentary Secretary to Minister for ISED, David Lametti, met with SNC Lavalin President Neil Bruce)

(McGill University Law Professor, David Lametti, Who is on leave while he sits as the Attorney General of Canada)

(February 13, 2019, McGill University is “gifted” $200M)

(The people who “donated” $200M to McGill University were also caught “donating” almost $1M to Trudeau)

David Lametti is now the Attorney General of Canada, after Jody Wilson-Raybould resigned. Interesting to note that Wilson-Raybould thought that SNC-Lavalin “didn’t” deserve the deferred prosecution. Her successor, Lametti did. Could it be because of Lavalin lobbying him?

Within days of Lametti deciding that SNC-Lavalin was not worth prosecuting, McGill University (where Lametti teaches law), received a $200M “gift” from European Climate Founder McCall MacBain.

Note: Trudeau had also received 2 donations from them.

  • $500,000 in 2015 as a candidate
  • $428,000 IN 2016 as sitting Prime Minister

8. Lavalin & Libya Connections

The case against SNC and two of its subsidiaries stems from the company’s dealings in Libya between 2001 and 2011, when a senior executive established close ties with Saadi Gaddafi, son of dictator Muammar Gaddafi.

Court documents allege the company offered bribes worth $47.7 million “to one or several public officials of the ‘Great Socialist People’s Libyan Arab Jamahiriya,’” as Gaddafi called the nation he ruled until he was overthrown and killed in 2011.

SNC and its subsidiaries SNC-Lavalin Construction Inc. and SNC-Lavalin International Inc. are also alleged to have defrauded various Libyan public agencies of approximately $129.8 million.

“Corruption of foreign officials undermines good governance and sustainable economic development,” RCMP Assistant Commissioner Gilles Michaud said Thursday. “The charges laid today demonstrate how the RCMP continues to support Canada’s international commitments and safeguard its integrity and reputation.”

(See source.)

Lavalin denies all the allegations, but interesting to see just how deep this runs. There are also allegations that Canadian taxpayers are on the hook for $30,000 for prostitution services for Saadi Gaddafi. He is the son of former dictator Mummar Gaddafi.

9. Fall 2018 Economic Update Social Finance Fund, A Potential Slush Fund?

While the $595 million media bailout received much attention in the media, far less was paid to the slush fund that was also announced to the Social Finance Program that was also launched.

In June 2017, the Government created a Social Innovation and Social Finance Strategy Co-Creation Steering Group, primarily comprised of experts from the charitable and non-profit sector, to provide recommendations on the development of a social innovation and social finance strategy. The Steering Group delivered its final report, Inclusive innovation: New Ideas and New Partnerships for Stronger Communities, in August 2018. One of the report’s key recommendations was to create a Social Finance Fund to help close the capital financing gap faced by organizations that deliver positive social outcomes, and to help accelerate the growth of the existing social finance market in Canada.

To help charitable, non-profit and other social purpose organizations access new financing, and to help connect them with private investors looking to invest in projects that will drive positive social change, the Government proposes to make available up to $755 million on a cash basis over the next 10 years to establish a Social Finance Fund. Additionally, the Government proposes to invest $50 million over two years in an Investment and Readiness stream, for social purpose organizations to improve their ability to successfully participate in the social finance market. It is expected that a Social Finance Fund like the one the Government is proposing could generate up to $2 billion in economic activity, and help create and maintain as many as 100,000 jobs over the next decade.

The Steering Committee consists of 16 members, who will doll out the cash.

10. Last thoughts on Lavalin

Will SNC Lavalin be getting any of this cash? Hard to say, but there are two things to point out:

(1) Lavalin is know to be corrupt and is losing business. One such example is getting debarred from the World Bank for corrupt business practices.

(2) The other item is that the connections between Lavalin and the Government are immense.

  • Director of Lavalin also a former Privy Council Clerk
  • Director of Lavalin also Director of Trudeau Foundation on
  • Director of Lavalin also a Director or McCain Foods
  • Lobbyist for Lavalin also frequent Liberal donor
  • President of Lavalin lobbied current Attorney General

Yes, this is entirely speculative. However, I wouldn’t be at all surprised if grants flowed to Lavalin from this social fund.

After all, if you are connected enough to have laws written to excuse your criminal conduct, this should be no problem.

By no means is this a complete listing of the tentacles that SNC Lavalin has. Rather, it should show some of the obvious connections to Government officials.

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Desmarais, Power Corp linked to Air Canada, Agenda 2030, Trudeau Foundation

(Former Manitoba Premier Gary Doer replaces former Saskatchewan Premier Roy Romanow on Air Canada Board of Directors)

(Trilateral Commission: Doer and Andre Desmarais have seats)

(Emőke J.E. Szathmáry is on Power Corp B.O.D.)

(Emőke J.E. Szathmáry is a director on: the International Institute for Sustainable Development, the Pierre Elliott Trudeau Foundation, the Prime Minister’s Advisory Committee on Science and Technology)

1. Important Links

CLICK HERE, for Part 1: Desmarais, Power Corp, Bombardier & Loblaws.

CLICK HERE, for the Power Corp Board of Directors
CLICK HERE, for Roy Romanow, former Saskatchewan Premier, joining Air Canada Board of Directors in 2010.
CLICK HERE, for the Trilateral Commission, which Gary Doer and Andre Desmarais both sit on.
CLICK HERE, for Air Canada placing Bombardier order.
CLICK HERE, for Bombardier thanking Canadian taxpayers for bailout, by laying off 7,000 of its staff.
CLICK HERE, for 2003 bankruptcy protection for Air Canada.
CLICK HERE, for 2009 Air Canada bailout.
CLICK HERE, for 2013 Air Canada bailout.

CLICK HERE, for the International Institute for Sustainable Development, which wholeheartedly endorses Agenda 2030.
CLICK HERE, for the Trudeau Foundation.
CLICK HERE, for the Trudeau Foundation B.O.D.

2. From Last Time

Pierre Beaudoin is the Chairman of Bombardier. He also sits on the Board of Directors for Power Corp. Explains how Bombardier was able to keep securing bailouts.

Anthony Graham is Vice Chairman, and a director of Whittington Investments, which owns Weston-Loblaws. Could be how Loblaws secured a $12 million subsidy for its new fridges.

3. Power Corp & Air Canada

Roy Romanow, ex-Premier of Saskatchewan, joins the Air Canada Board of Directors in 2010.

In 2018, ex-Manitoba Premier Gary Doer replaced Roy Romanow on Air Canada’s Board of Directors.

And as mentioned earlier, John Rae, brother of ex-Ontario Premier Bob Rae, also works for Power Corp.

3 former NDP Premiers: Roy Romanow (Saskatchewan); Gary Doer (Manitoba); and Bob Rae (Ontario) all have connections to Power Corp and/or Air Canada. Interesting.

Just for good measure, here is former Deputy Prime Minister and former Quebec Premier Jean Charest.

In 2016 Air Canada placed an order for 45 CS-300 airliners, with an option to buy another 30. Quotes from the article:

Air Canada announced Wednesday that it would order 45 CS-300 airliners with an option for another 30 jets.

“We are delighted to announce this important agreement with Bombardier for the purchase of CS-300 aircraft as part of the ongoing modernization of Air Canada’s narrowbody fleet,” Air Canada president and CEO Calin Rovinescu said in a statement.

The 45-plane order is worth as much as $3.7 billion. The option for 30 additional CS-300 aircraft could add as much as $2.5 billion to the deal.

Gary Doer and Pierre Beaudoin sit on the Board of Directors for Power Corp, owned by the Demarais family. Doer sits on the B.O.D. for Air Canada as well, and Beaudoin is the Chairman of Bombardier. Almost like this deal was pre-arranged.

In fairness, this announcement came in 2016, prior to Doer joining Air Canada’s Board of Directors. Still, one has to wonder about all the connections. Doer did just replace Romanow on Air Canada’s B.O.D.

Having people sit on executive boards for multiple companies creates a significant conflict of interest. It also creates an atmosphere where crony capitalism and corruption can thrive. Who loses? Customers and taxpayers.

Like Bombardier, Air Canada has had several bailouts over the years. And all of this costs the public heavily. See the links in Section 1 above for more details.

If only there was some common link between Air Canada, Bombardier, and Loblaws. No, there couldn’t possibly be.

4. Power Corp & Agenda 2030

Emőke J.E. Szathmáry also sits on the Board of Directors for Power Corp. And if we scroll down on her biography, we get some interesting insight on the woman.

She is on a number of other boards. Some open call for acting in support of Agenda 2030, global sustainability.

The International Institute for Sustainable Development (IISD) is an independent think tank championing sustainable solutions to 21st century problems. Our mission is to promote human development and environmental sustainability.

Our big-picture view allows us to address the root causes of some of the greatest challenges facing our planet today—ecological destruction, social exclusion, unfair laws and economic rules, a changing climate. Through research, analysis and knowledge sharing, we identify and champion sustainable solutions that make a difference. We report on international negotiations, conduct rigorous research, and engage citizens, businesses and policy-makers on the shared goal of developing sustainably.

Interestingly, the IISD implies that the leaders of G20 nations know that “climate change” is a hoax. Despite pledges to phase out subsidies to coal energy, they have actually increased.

Geneva, June 25, 2019 – G20 governments have more than doubled the amount of financial support they provide to coal power plants in just three years, despite pledging a decade ago to phase out subsidies to all fossil fuels and help prevent catastrophic climate change.

In a new report, ‘G20 coal subsidies: Tracking government support to a fading industry’, researchers found that despite a historic fall in total investment in coal, the average annual amount G20 governments spent to help build and sustain coal-fired power plants increased from $17 billion to $47 billion between 2014 and 2017.

The links are articles are too numerous to go through here, but they are worth at least skimming. This entire organization is devoted to advancing Agenda 2030.

5. Power Corp & Trudeau Foundation

Edward Johnson is both Vice-Chair of the Board of the Trudeau Foundation, and formerly Vice President and General Counsel for Power Corp.

Oliver Desmarais is Senior Vice President for Power Corp. That is no surprise. But the interesting detail is where he did his articling (apprenticeship) in law. The firm Heenan Blaikie — which went under in 2014 — is the same firm both Jean Chretien and Pierre Trudeau worked at.

Note: Bruce McNiven, who is a Director at the Trudeau Foundation, also worked at Heenan Blaikie.

Megan Leslie, is a former Deputy Opposition leader in the House of Commons (NDP). While being a Director for the Trudeau Foundation, she is also a Senior Consultant on Oceans Governance for WWF-Canada. This is the same organization Gerald Butts works for.

Bessma Momani is another Director of the Trudeau Foundation. She covers Arab-Canadians and “trans-nationalism” issues. Didn’t Justin refer to Canada as a “post-national state”?

Marc Renaud is yet another Trudeau Foundation Director with a very interesting side gig. He has served as an advisor for UNESCO, the OECD, the European Union. The EU wants to stamp out individual nations in Europe, and UNESCO is the UN Global Citizens nonsense, which pushes the gender agenda.

Worth a mention Alexandre Trudeau, Justin’s jihad sympathizing brother, is named as a founding member.

One more who needs a shoutout is ex-Saskatchewan Premier Roy Romanow. Yes that same Roy Romanow who was a director for Air Canada. Likewise, former Governor David Johnson sits as a Director. Those pages have been deleted, but like all things, nothing is really deleted. See here, and see here.

The Trudeau Foundation cites 4 important areas:

  1. human rights and dignity,
  2. responsible citizenship,
  3. Canada and the world, and
  4. people and their natural environment

So, What Does Trudeau Foundation Do?

The Pierre Elliott Trudeau Foundation supports research and engagement in the humanities and social sciences, and fosters a fruitful dialogue between scholars and decision makers in the arts community, business, government, and civil society organizations. The Foundation:
Encourages emerging talent by awarding scholarships to the most talented doctoral students in Canada and abroad;
Entrusts fellows and mentors distinguished for their knowledge and wisdom with the mission to build an intellectual community to support the work of the scholars; and
Creates and maintains an international network of fellows, scholars, and mentors

If you wish to subscribe to the newsletter, you can.

6. Power Corp & Its Tentacles

The Desmarais family and Power Corporation of Canada are undoubtedly connected to many powerful politicians in Canada. Here, just to name a few:

  • Pierre Trudeau
  • Brian Mulroney
  • Jean Chretien
  • Paul Martin
  • Justin Trudeau
  • Maxime Bernier
  • Peter MacKay
  • Roy Romanow
  • Gary Doer
  • Bob Rae/John Rae
  • Jean Charest
  • Denis Coderre
  • Pauline Marois
  • Megan Leslie

To name a few companies they influence:

  • Bombardier
  • Weston-Loblaws
  • Montreal Economic Institute
  • Canada Steamship lines
  • Air Canada
  • Int’l Institute for Sustainable Development
  • Trudeau Foundation

It really is an illusion, that Canadians have choice in their politics. Across the spectrum, all parties seem to connected to the same people.

Some questions that need to be asked:

(a) Would Bombardier be getting bailouts if not for Chairman Pierre Beaudoin also being on Power Corp’s Board of directors?

(b) Would Weston-Loblaws have gotten their $12 million bailout if not for Vice-Chairman Anthony Graham also being on Power Corp’s B.O.D?

(c) Would Air Canada have gotten bailouts if not for having former Premiers as Directors?

Corruption all around.

Posted on

Free Trade #3: NAFTA, And The Costs Its Supporters Ignore

(Tucker Carlson on protecting your citizens)

1. Offshoring, Globalization, Free Trade

The other posts on outsourcing/offshoring are available here. It focuses on the hidden costs and trade offs society as a whole has to make. Contrary to what many politicians and figures in the media claim, there are always costs to these kinds of agreement. These include: (a) job losses; (b) wages being driven down; (c) undercutting of local companies; (d) legal action by foreign entities; (e) industries being outsourced; and (f) losses to communities when major employers leave. Don’t believe the lies that these agreements are overwhelmingly beneficial to all.

2. Important Links

(1) https://www.international.gc.ca/trade-agreements-accords-commerciaux/topics-domaines/disp-diff/gov.aspx?lang=eng
(2) ttps://www.state.gov/nafta-investor-state-arbitrations/
(3) http://replacenafta.org/jobs-lost/
(4) https://www.epi.org/publication/webfeatures_snapshots_archive_12102003/
(5) https://www.epi.org/publication/heading_south_u-s-mexico_trade_and_job_displacement_after_nafta1/
(6) https://www.epi.org/blog/naftas-impact-workers/
(7) https://www.epi.org/publication/webfeatures_snapshots_archive_11052003/
(8) https://www.epi.org/publication/the-china-toll-deepens-growth-in-the-bilateral-trade-deficit-between-2001-and-2017-cost-3-4-million-u-s-jobs-with-losses-in-every-state-and-congressional-district/
(9) https://www.cfr.org/backgrounder/naftas-economic-impact
(10) https://www.nytimes.com/1992/10/16/us/the-1992-campaign-transcript-of-2d-tv-debate-between-bush-clinton-and-perot.html?pagewanted=all
(11) https://www.politicalresearch.org/2014/10/11/globalization-and-nafta-caused-migration-from-mexico/

3. Lawsuits Against Canada, Chapter 11

Resolved Cases

Company Suit Amount Amount Settled
AbitibiBowater $500M $130M
Centurion Health $160M $0, fees unpaid
Chemtrade $78.6M $0, dismissed
Detroit Int’l Bridge $3.5B $0, dismissed
Dow Agro Sciences $2M $0, withdrew
Ely Lily and Co. $500M $0, dismissed
Ethyl Corp. $201M settled
Mercer International $232M $0, dismissed
Merrill & Ring $50M $0, dismissed
Mesa Power Group $658M $0, dismissed
Mobil Inv. & Murphy Oil $66M $17.3M
Pope & Talbot $500M $527M, USD
S.D. Myers $53M $6.9M,
St. Mary’s VNCA $275M $0, no standing
United Parcel Services $160M $0, dismissed
V.G. Gallo $105M $0, dismissed
Windstream Energy $475M $28M

For these “finished” claims, Canada has had to pay out $709 million, plus a substantial amount in paying its own lawyers. Also, consider the following:
-DowAgro sale, under the terms of the settlement, is still allowed to use its pesticide in Canada.
-Ethyl Corp still allowed to use MMT additive.

Resolved Cases

Company Suit Amount Information
Clayton/Bilcon $101M Lost, awaiting damages
Lone Pine Resources $119M Awaiting verdict
Mobile Investments $20M Awaiting verdict
Resolute Forest Products $70M Awaiting verdict
Tennant Energy Ltd $116M Awaiting verdict
Westmorehead Coal $470M Awaiting verdict

Potentially another $896 million

To summarize, Canada has already paid out $709 million in various actions under Chapter 11 of NAFTA (plus the settlement from Ethyl Corp), and may be on the hook for $896 million more. And this doesn’t take legal fees and other court costs into account.

4. Job Losses Resulting From NAFTA

Research has been done on the effects of NAFTA. This released 2003 study, estimates that 879,000 jobs have been lost in the US as a direct result of NAFTA over a decade.

The conclusions were also troubling:

Since the North American Free Trade Agreement (NAFTA) was signed in 1993, the rise in the U.S. trade deficit with Canada and Mexico through 2002 caused the displacement of production that supported 879,280 U.S. jobs. NAFTA is a free trade and investment agreement that provided investors with a unique set of guarantees designed to stimulate foreign direct investment in Mexico and Canada. It has facilitated the movement of factories from the United States to Canada and Mexico. Most of these jobs were high-wage positions in manufacturing industries.

Proponents of new trade agreements that build on NAFTA, such as the proposed Free Trade Agreement of the Americas (FTAA), have frequently claimed that such deals create jobs and raise incomes in the United States. These claims are based only on the positive effects of exports (known as “export effects”), ignoring the negative effects of imports (known as “import effects”). Such arguments are an attempt to hide the costs of new trade deals in order to boost the reported benefits.

The problem with these claims is that they misrepresent the real effects of trade on the U.S. economy: trade both creates and destroys jobs. Increases in U.S. exports tend to create jobs in this country, but increases in imports tend to reduce jobs by displacing goods that otherwise would have been made in the United States by domestic workers. Ignoring imports and counting only exports is like balancing a checkbook by counting only deposits but not withdrawals.

This is blunt and truthful. It is high paying jobs mainly in manufacturing that have been exported in the name of “free trade”, and has harmed the US workforce.

Now, here, is another study, released in 2011, dealing specifically with Mexico and NAFTA.

As of 2010, U.S. trade deficits with Mexico totaling $97.2 billion had displaced 682,900 U.S. jobs. Of those jobs, 116,400 are likely economy-wide job losses because they were displaced between 2007 and 2010, when the U.S. labor market was severely depressed.

There is a cost to these free trade agreements. Jobs are lost domestically when it becomes cheaper to ship them to another country. Often it is manufacturing, one of the better paid jobs, where higher education isn’t needed.

Abstract promises about increased jobs and exports misrepresent the real overall effects of trade on the U.S. economy. Trade both creates and destroys jobs. While exports tend to support domestic employment, imports lead to job displacement: As imports are substituted for domestically produced goods, production that supports domestic jobs falls, displacing existing jobs and preventing new job creation.

Simply out, there are winners and losers in trade deals. Countries win if they export more than they import, and vice versa. While some trade surplus or deficit is inevitable, it is sustained deficits that drain wealth from the country and put people out of work.

While Canada or Mexico may sit smugly and know that they benefit from the trade deal with the US, this must be considered. With ever proposed expansion of free trade and liberalized trade, there is nothing to stop jobs from Canada and/or Mexico from being exported elsewhere.

For example, the US lost 3.4 million jobs to China since 2001. Canada could end up in that situation one day.

5. Free Trade Drives Down Wages

Ross Perot ran for President in 1992. He faced the incumbent, George H.W. Bush (Republican), and Bill Clinton (Democrat). While he came in third, Perot drove home this hard truth about free trade: it drives down wages. It forces Americans to compete for third world wages.

To those of you in the audience who are business people, pretty simple: If you’re paying $12, $13, $14 an hour for factory workers and you can move your factory South of the border, pay a dollar an hour for labor, hire young — let’s assume you’ve been in business for a long time and you’ve got a mature work force — pay a dollar an hour for your labor, have no health care — that’s the most expensive single element in making a car — have no environmental controls, no pollution controls and no retirement, and you don’t care about anything but making money, there will be a giant sucking sound going south.

“Why won’t everybody go South?” They say, “It’d be disruptive.” I said, “For how long?” I finally got them up from 12 to 15 years. And I said, “well, how does it stop being disruptive?” And that is when their jobs come up from a dollar an hour to six dollars an hour, and ours go down to six dollars an hour, and then it’s leveled again. But in the meantime, you’ve wrecked the country with these kinds of deals. We’ve got to cut it out.

Perot is completely right here. It will raise the wages in Mexico, while driving down American wages. And to reiterate, Canadians should not think they are immune from this sort of practice.

The Council on Foreign Relations added:

Debate persists regarding NAFTA’s legacy on employment and wages, with some workers and industries facing painful disruptions as they lose market share due to increased competition, and others gaining from the new market opportunities that were created.

But it is the common worker with a family to provide for who will really feel the pinch. It is cold comfort to be out work and be told “well, it raises trade and GDP”.

6. NAFTA Causes Carnage To Middle Class

Yet another EPI article. This one sums up the problems of NAFTA in very blunt terms.

  1. Job losses
  2. Pushes wages down
  3. Destruction of farms and small businesses
  4. Sets standards for globalization

The article is directly on point.

NAFTA affected U.S. workers in four principal ways. First, it caused the loss of some 700,000 jobs as production moved to Mexico. Most of these losses came in California, Texas, Michigan, and other states where manufacturing is concentrated. To be sure, there were some job gains along the border in service and retail sectors resulting from increased trucking activity, but these gains are small in relation to the loses, and are in lower paying occupations. The vast majority of workers who lost jobs from NAFTA suffered a permanent loss of income.

Second, NAFTA strengthened the ability of U.S. employers to force workers to accept lower wages and benefits. As soon as NAFTA became law, corporate managers began telling their workers that their companies intended to move to Mexico unless the workers lowered the cost of their labor. In the midst of collective bargaining negotiations with unions, some companies would even start loading machinery into trucks that they said were bound for Mexico. The same threats were used to fight union organizing efforts. The message was: “If you vote in a union, we will move south of the border.” With NAFTA, corporations also could more easily blackmail local governments into giving them tax reductions and other subsidies.

Third, the destructive effect of NAFTA on the Mexican agricultural and small business sectors dislocated several million Mexican workers and their families, and was a major cause in the dramatic increase in undocumented workers flowing into the U.S. labor market. This put further downward pressure on U.S. wages, especially in the already lower paying market for less skilled labor.

Fourth, and ultimately most important, NAFTA was the template for rules of the emerging global economy, in which the benefits would flow to capital and the costs to labor. The U.S. governing class—in alliance with the financial elites of its trading partners—applied NAFTA’s principles to the World Trade Organization, to the policies of the World Bank and IMF, and to the deal under which employers of China’s huge supply of low-wage workers were allowed access to U.S. markets in exchange for allowing American multinational corporations the right to invest there.

Who actually benefits from NAFTA, or similar types of deals? Not the workers, who are now forced to compete for third world wages. Not communities, who see major employers pack up and leave for better opportunities.

7. NAFTA Makes Illegal Immigration Problem Worse

NAFTA, however, did not lead to rising incomes and employment in Mexico, and did not decrease the flow of migrants. Instead, it became a source of pressure on Mexicans to migrate. The treaty forced corn grown by Mexican farmers without subsidies to compete in Mexico’s own market with corn from huge U.S. producers, who had been subsidized by the U.S. Agricultural exports to Mexico more than doubled during the NAFTA years, from $4.6 to $9.8 billion annually. Corn imports rose from 2,014,000 to 10,330,000 tons from 1992 to 2008. Mexico imported 30,000 tons of pork in 1995, the year NAFTA took effect. By 2010, pork imports, almost all from the U.S., had grown over 25 times, to 811,000 tons. As a result, pork prices received by Mexican producers dropped 56%

When nations are reduced to “economic zones”, it forces workers to compete against those in other nations for the same piece of the pie. If jobs are eliminated on a massive scale, then the pressure is on to find work. For many Mexicans, it has meant going to the US, often illegally.

Note: this not to condone illegal immigration. However, it becomes more understandable when factors like these are considered.

The “surplus labour” sure helps large employers, and further helps to drive down wages, which of course is the entire point.

8. NAFTA Makes US Trade Deficit Worse

Here is a 2003 study on the trade deficit the US has experienced due to NAFTA.

As mentioned earlier, it is true Canada currently benefits from the US trade deficit. But as free trade expands, Canada (and other nations) could easily find themselves in the same dilemma as the US.

Sustained trade deficits bleed money from a nation.

9. NAFTA Can Override Environmental Protections

Think this is crazy? Consider some of the court action Canada has faced

CLICK HERE, for Ethyl Corp wanting $201M over MMT additive ban.
CLICK HERE, for SD Myers wants $53M for PCB ban.
CLICK HERE, for Pope & Talbot’s $500M softwood lumber suit.
CLICK HERE, for Sun Belt wanting $1.5B-$10B for lost water rights.

10. Is NAFTA Worth The Price?

Yes, it has led to economic growth and more trade. That much is indisputable. But it isn’t fair to omit some of the real costs to engaging in these free trade deals, such as TPP, or FTAA.

  • Litigation over new “rights”
  • Massive job losses
  • Wages driven down
  • Destruction to middle class
  • Increased illegal immigration
  • Unsustainable trade deficits
  • Environmental protections are secondary

But hey, as long as the GDP keeps growing.

Posted on

CBC Propaganda #16: CPP “Invests” $2B In Mumbai, India

1. Important Links

CLICK HERE, for an honourable mention in the field of pensions, Bill Tufts. Author of the book: Fair Pensions For All.

CLICK HERE, for CBC Propaganda Master List.
CLICK HERE, for the CBC article.
CLICK HERE, for the Canada Pension Plan Act.
CLICK HERE, for the Income Tax Act.
CLICK HERE, for Canadian Pension Plan Investment Board
CLICK HERE, for sustainable investing link.
CLICK HERE, for CPPIB proxy voting.
CLICK HERE, for policies/guidelines (written in Chinese).
CLICK HERE, for Policy on Responsible Investing (Signed in 2010)
CLICK HERE, for CPPIB Areas of Investment.
CLICK HERE, for climate change info.
CLICK HERE, for human rights info.

2. Why Invest Abroad?

Canada Pension Plan Investment Board opened office in Mumbai this month
.
Canada’s pension fund is ready to invest $2 billion in affordable housing in Mumbai, a top Indian official said, in a move that would boost Prime Minister Narendra Modi’s goal of providing cheap housing to millions of people.
.
“A week back, the Canadian ambassador … informed me that the Canadian pension fund is ready to invest $2 billion in Mumbai for affordable housing,” Devendra Fadnavis, chief minister of Maharashtra state where Mumbai is located, told reporters.
.
The Canada Pension Plan Investment Board opened an office in Mumbai this month and has already committed to invest more than $2 billion in India.

What the hell? The Canadian Pension Plan is something CANADIAN workers are forced to contribute to. Deductions are mandatory, and come right off your pay cheque. So “why” is this being invested in India, and to build cheap housing there?

The Canadian Government is screwing with Canadians’ pensions, without their consent to do so.

3. Income Tax Act

2 (1) An income tax shall be paid, as required by this Act, on the taxable income for each taxation year of every person resident in Canada at any time in the year.
.
Marginal note:
Taxable income
(2) The taxable income of a taxpayer for a taxation year is the taxpayer’s income for the year plus the additions and minus the deductions permitted by Division C.
.
Marginal note:
Tax payable by non-resident persons
(3) Where a person who is not taxable under subsection 2(1) for a taxation year
(a) was employed in Canada,
(b) carried on a business in Canada, or
(c) disposed of a taxable Canadian property,
at any time in the year or a previous year, an income tax shall be paid, as required by this Act, on the person’s taxable income earned in Canada for the year determined in accordance with Division D.

4. Canada Pension Plan Act

Amount to be deducted and remitted by employer
21 (1) Every employer paying remuneration to an employee employed by the employer at any time in pensionable employment shall deduct from that remuneration as or on account of the employee’s contributions for the year in which the remuneration in respect of the pensionable employment is paid to the employee any amount that is determined in accordance with prescribed rules and shall remit that amount, together with any amount that is prescribed with respect to the contributions required to be made by the employer under this Act, to the Receiver General at any time that is prescribed and, if at that prescribed time the employer is a prescribed person, the remittance shall be made to the account of the Receiver General at a financial institution (within the meaning that would be assigned by the definition financial institution in subsection 190(1) of the Income Tax Act if that definition were read without reference to its paragraphs (d) and (e)).

Quite clear: employers are obligated to deduct CPP from your pay.

5. Can Foreigners Collect?

[CPP Act] 107 (1) Where, under any law of a country other than Canada, provision is made for the payment of old age or other benefits including survivors’ or disability benefits, the Minister may, on behalf of the Government of Canada, on such terms and conditions as may be approved by the Governor in Council, enter into an agreement with the government of that country for the making of reciprocal arrangements relating to the administration or operation of that law and of this Act, including, without restricting the generality of the foregoing, arrangements relating to
.
(a) the exchange of such information obtained under that law or this Act as may be necessary to give effect to any such arrangements,
.
(b) the administration of benefits payable under this Act to persons resident in that country, the extension of benefits to and in respect of persons under that law or this Act and the increase or decrease in the amount of the benefits payable under that law or this Act to and in respect of persons employed in or resident in that country, and
.
(c) the administration of benefits payable under that law to persons resident in Canada, the extension of benefits to and in respect of persons under that law or this Act and the increase or decrease in the amount of the benefits payable under that law or this Act to and in respect of persons employed in or resident in Canada, and, subject to subsection (4), any such agreement may extend to and include similar arrangements with respect to any provincial pension plan.

Canada can make reciprocity agreements with other countries. One must be extremely careful here to safeguard against abuse.

6. Who Is CPPIB

It has locations in:

  • Toronto, Canada
  • New York, USA
  • Sao Paolo, Brazil
  • London, England
  • Luxembourg
  • Sydney, Australia
  • Hong Kong, China
  • now, also Mumbai, India

We are a professional investment management organization that invests the funds of the Canada Pension Plan on behalf of its 20 million Canadian contributors and beneficiaries.
.
The CPP Investment Board was established by an Act of Parliament in December 1997.
We are accountable to Parliament and to federal and provincial ministers who serve as the CPP stewards. However, we are governed and managed independently from the CPP itself, and operate at arm’s length from governments.
We take our responsibility to Canadians very seriously and operate with a clear mandate – to maximize returns without undue risk of loss.
.
Our detailed mandate and objectives
.
Our mandate is set out in legislation. It states that:
We invest in the best interests of CPP contributors and beneficiaries.
We have a singular objective: to maximize long-term investment returns without undue risk, taking into account the factors that may affect the funding of the Canada Pension Plan and its ability to meet its financial obligations.
.
We provide cash management services to the Canada Pension Plan so that they can pay benefits.
.
Our unique structure
The CPPIB mandate is based on a governance structure that distinguishes us from a sovereign wealth fund. We have an investment-only mandate, unencumbered by political agendas and insulated from political interference in investment decision-making. Our management reports to an independent Board of Directors.
.
In carrying out our mandate, we aim to continually develop, execute and enhance the investment strategy that balances prospective risk and reward in order to ensure the long-term sustainability of the CPP Fund.

CPPIB “claims” to be independent from government interference, but that doesn’t seem to be the case. In fact, going through their website, CPPIB parrots many of the talking points of the UN globalists.

    UN Topics CPPIB Indulges In:

  1. ESG (Environment, Social & Governance)
  2. PRI (Principles for Responsible Investing)
  3. Sustainable Investing
  4. Climate Change
  5. Water
  6. Human Rights
  7. Surprisingly, no gender references

7. So-Called Sustainable Investing

SUSTAINABLE INVESTING
We believe that organizations that manage Environmental, Social and Governance (ESG) factors effectively are more likely to create sustainable value over the long-term than those that do not. As we work to fulfill our mandate, we consider and integrate ESG risks and opportunities into our investment decisions.
.
At CPPIB we consider responsible investing simply as intelligent long-term investing. Over the exceptionally long investment-horizon over which we invest, ESG factors have the potential to be significant drivers – or barriers – to profitability and shareholder value. For these reasons we refer to what many call ‘Responsible Investing’ activities simply as Sustainable Investing. Given our legislated investment-only mandate, we consider and integrate both ESG risks and opportunities into our investment analysis, rather than eliminating investments based on ESG factors alone. As an owner, we monitor ESG factors and actively engage with companies to promote improved management of ESG, ultimately leading to enhanced long-term outcomes in the companies and assets in which 20 million CPP contributors and beneficiaries have a stake.
.
CPPIB has established governing policies, approved by our Board of Directors, to guide our ESG activities. Our Policy on Responsible Investing establishes how CPPIB approaches ESG factors within the context of our sole mandate to maximize long-term investment returns without undue risk of loss. Our Proxy Voting Principles and Guidelines provide guidance on how CPPIB is likely to vote on matters put to shareholders and communicate CPPIB’s views on governance matters.

This is rather chilling. The whole agency reads like it is a branch of the UN. Canadians’ pensions and pension contributions are in the hands of people who put UN virtue signalling at the forefront.

However, the CBC article (see the first photo), details NONE of this. Instead, it is touted as some great success.

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