The Globe and Mail reports in its Saturday edition that best known as a central banker and crisis manager, Prime Minister Mark Carney's credibility also came from a business career that spanned investment banking, regulation, risk management and investing. The Globe's James Bradshaw and Mark Rendell write that those roles helped harden his reputation with business and government leaders for being smart and practical, and for marrying a nuts-and-bolts understanding of markets with economic principles. On Wall Street, or at the offices of a sovereign wealth fund in Dubai, that played well, and helped make him an effective fundraiser. During the COVID-19 pandemic, a moment of enormous uncertainty when big investors were gripping their purse strings tightly, Mr. Carney won them over. By 2022, the Brookfield Global Transition Fund raised and invested a total of $15-billion (U.S.), with major financial commitments from anchor investors that included Ontario Teachers' Pension Plan and Singaporean state-owned fund Temasek Holdings. That made it the largest transition-focused fund in the world to that point. Once fully deployed, Mr. Carney told The Globe in 2023 that "something north of 130 megatons of emissions" can be avoided.
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