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this post was submitted on 27 Mar 2026
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begging people to understand that Carney is terrible on climate, and his famous Tragedy of the Horizon speech was only ever about an investment pitch, not about actually mitigating climate change
I guess it depends by what you mean by "bad on" in "bad on climate".
You can dislike how he's going about it, say how he balances the issue against other things in a specific decision, but he's devoted a good chunk of his professional life to it and won't shut up about it in his book, at least to the point I've read.
He's devoted his professional life to capital markets. I've read his book, watched hours of interviews and speeches. My assessment: his interest in climate is largely limited to the potential investment returns of a given action.
That's why his book is full of fanciful notions of hydrogen fuel, nuclear, carbon capture, AI, quantum computing, and cryptocurrency-based "smart contracts" ... instead of focusing on the stuff that actually works but has a low potential ROI, and/or doesn't funnel vast quantities of public money to the private sector: wind, solar, geothermal, public transit, heat pumps, public ownership, and so on.
Well, alright then. He does love a good hype technology for sure.
Cryptocurrency smart contracts? That is terribly disappointing to hear.