Prime Minister Mark Carney held interest in more than 560 companies, including web giants Amazon, Google and Meta, before its election.
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The Office of the Commissioner for Conflicts of Interest and Ethics published the list of actions last Friday that Mr. Carney had before the creation of a trust without the right of way when he became Prime Minister in March.
This is an imposing list, about fifteen pages, which includes actions from several companies as well as delayed options and actions of Brookfield Corporation and Brookfield Asset Management, where Mr. Carney worked before running for the Liberal party chiefdom last January.
The Prime Minister also held actions in 569 companies through a “placement account managed by a third party” of which he “controlled or did not direct the selection of investments”, according to the declaration published by the Commissioner.
Portfolio
Large American companies from various sectors, including oil, armaments, railways, retail and new technologies, are in number.
Mr. Carney’s portfolio included actions by tech giants, such as Alphabet (Google parent company), Apple, Amazon, Meta, Nividia and Microsoft.
The Prime Minister also had shares in major credit companies, such as American Express, Capital One, Mastercard and several airlines, including American Airlines, Boeing, Delta, Southwest Airlines and United Airlines.
Among the other notable investments included in Mr. Carney’s portfolio, there is the manufacturer of the F-35 Lockheed Martin, Airbnb, Adobe, Berkshire Hathaway Inc., Blackrock Funding, the Pacific Canadian, Caterpillar, Coca-Cola, Colgate, Palmolive, Costco, Doordash, Ebay, Ferrari, Ferrari, Ferrari, Ferrari, Ferrari Harley-Davidson, Heineken, Home Depot, Kraft Heinz, McDonald’s, Molson Coors, Netflix, Nike, Paypal, Starbucks, Tesla and Walmart.
Mr. Carney also had interest in large oil companies like Exxon Mobile and Chevron.
Note that the disclosure does not specify the value of Mr. Carney’s assets at the time of the creation of the trust without the right of gaze.
“Filter”
The Declaration also indicates that the Prime Minister and the Commissioner have agreed to “filtering conflicts of interest”, a measure to prevent any possibility of promoting the interests of Mr. Carney or those of “Brookfield Asset Management, Brookfield Corporation and Stripe Inc as well as any company owned or controlled by them.”
The two men who will have the responsibility to ensure that the Prime Minister is informed of any official case or any decision-making processes involving Brookfield and Stripe are his chief of staff, Marc-André Blanchard, and the new clerk of the Private Council, Michael Sabia.
“This filtering will prevent me from granting preferential treatment to one or the other of these companies in the exercise of my official powers, duties and functions of main public charge,” noted Mr. Carney in disclosure.