For quite a while, we’ve known that Mark Carney is not the climate warrior he was cracked up to be.

But only now is he starting to reveal just how far he’ll go in jeopardizing the slim remaining hope of averting climate disaster.

Even as the country recovers from scorching wildfires, our prime minister has just introduced a massive new subsidy for the fossil fuel industry.

If you haven’t heard about it, that’s because it’s largely invisible.

Ostensibly, the new measure has nothing to do with fossil fuels.

At his investment summit in Toronto last month, Carney announced a new “mega-deduction” corporate tax break. He didn’t mention fossil fuels.

But the exceptionally generous new measure is tailor-made for the fossil fuel industry; indeed, it bears an uncanny resemblance to what was requested by the Big Oil lobby group, the Canadian Association of Petroleum Producers, in its prebudget submission in May 2026.

The mega-deduction, expected to cost Ottawa $36 billion in tax revenue over five years, allows companies to immediately write off a range of capital investments.

While it’s generated excitement throughout the corporate world, the new measure........

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