Brookfield is eyeing a $7-billion NorthRiver Midstream cash-out — putting Mark Carney’s ties to his former corporate powerhouse back under the microscope.
The sale follows NorthRiver and Brookfield gaining access to Carney’s government despite his ethics screen.
An ethics screen is designed to keep Carney away from matters involving Brookfield and other companies he has ties to.
Lobbying records show NorthRiver contacted the Prime Minister’s Office on April 30, 2025, over energy infrastructure and regulatory issues. Days later, Brookfield Infrastructure CEO Sam Pollock met with Carney.
Those meetings drew criticism from Conservatives, who questioned how effective the ethics screen is if Brookfield-linked companies can lobby the government while Carney is recused from affected files.
Carney’s ethics screen includes Brookfield options and deferred share units placed in a blind trust, including roughly $9.8 million in Brookfield stock options.
