section_path: Financial career/Post-governorships (2020–2024)
section_name: Post-governorships (2020–2024)
paragraph_text: Post-governorships (2020–2024)
  
  In 2020, Carney served as one of many informal advisors to Canadian prime minister Justin Trudeau, advising him on the government's COVID-19 economic response. Carney reportedly advised Trudeau on Canada's response to the COVID-19 pandemic, with Trudeau looking to Carney to help Canada get out of its recession. Due to this, Carney was speculated to potentially become Minister of Finance, and later, Canadian prime minister if Trudeau resigned.
  
  In October 2020, Carney was vice chairman at Brookfield Asset Management (BAM), where he led the firm's environmental, social and governance (ESG) and impact fund investment strategy. In February 2021, Carney retracted an earlier claim that the US$600 billion Brookfield Asset Management portfolio was carbon neutral. He had based his claim on the fact that Brookfield has a large renewable energy portfolio and "all the avoided emissions that come with that". The claim was criticized as accounting tricks because avoided emissions do not counteract the emissions from investments in coal and other fossil fuels responsible for Brookfield's carbon footprint of about 5,200 metric tons of carbon dioxide.
  
  In 2020, Carney launched the Taskforce on Scaling Voluntary Carbon Markets—an initiative to increase trading of voluntary carbon offsets — with Bill Winters as Group Chief Executive. The TSVCM is sponsored by the Institute of International Finance. Taskforce members include more than "40 leaders from six continents with backgrounds across the carbon market value chain", including representatives from the Bank of America, BlackRock, Bloomberg 's New Energy Finance, BNP Paribas, BP, Boeing, Goldman Sachs, Tata Steel, Total, IHS Markit, and LSE. In a December 3, 2020 Financial Times article, Carney said that the voluntary global carbon offset market was an "imperative" to help reduce emissions. The Times article cited Carney saying London would likely host the "new pilot market for voluntary carbon offsets" that could be "set up" by December 2021.
  
  In February 2021, Carney joined the board of fintech company Stripe. Carney helped launch the Glasgow Financial Alliance for Net Zero (GFANZ) at COP26 in Glasgow in November 2021. He acts as the group's co-chair. From 2022 to January 2025, Carney has also been an advisor to Watershed, a climate tech company founded by Stripe alumni that proposes to be "the platform companies need to succeed in the climate economy ". In August 2023, Carney was named by Michael Bloomberg as chair of the new board of directors for Bloomberg L.P. as part of a broader reshuffle of the company's leadership.
  
  In September 2024, Carney became a special adviser and chair of the Liberal task force on economic growth. Shortly after the appointment, it was revealed Brookfield Asset Management had solicited the federal government for CA$10 billion in funds as part of $50 billion Canada-only asset fund. Carney did not need to follow standard ethical disclosures mandatory for prime ministerial advisors because he was employed by the Liberal Party rather than the Prime Minister's Office.