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this post was submitted on 27 Apr 2026
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In principle, a sovereign fund is a fantastic idea that we should have done long ago.
In the specifics, I'm a bit concerned about how it's being set up, because I don't trust that "major projects of national interest" won't be narrowly defined as "fossil fuel infrastructure".
I just figured it was to funnel money to Liberal Party donors as usual.
Your downvoters must have already forgotten about the 'Green Slush Fund' (Sustainable Development Technology Canada (SDTC) program) the one that the Liberals refused to reveal the details of where the billion dollars went even after Parliament demanded the books be opened. Eventually the Auditor General found that Liberal appointees to the fund gave $400 million tax dollars to their own companies, involving 186 conflicts of interest. We call this Green Slush Fund for a reason. Imagine how much more accountable they'll be with 30 billion.
That's precisely the one I was thinking about.
But downvoting the truth without a word in rebuttal is a time-honored tradition in this comm.