Wall Street behemoth Blackstone made headlines in Canada this week – but not for its LNG plans in B.C.
The Globe and Mail reported that the trillion-dollar private equity firm is trying to buy Canadian wireless communications infrastructure, starting with a 49.9% stake in Rogers.
Blackstone CEO Steve Schwarzman is a longtime advisor to Donald Trump, and one of his top 10 donors.
That’s right – while Trump threatens to annex our country, one of his key allies is spending billions to own real estate, telecoms and energy infrastructure in Canada.
“If Mr. Schwarzman isn’t willing to oppose Mr. Trump’s most reckless impulses, Ottawa needs to block Blackstone investments in Canada,” wrote Globe columnist Andrew Willis.
We agree. This is not the time to let MAGA billionaires buy our economy piece by piece.
NDP leader Jagmeet Singh is also calling on Mark Carney to put his Prime Minister hat on and block the Rogers-Blackstone deal.
But nobody wants to talk about U.S. private equity firms taking over oil and gas assets in British Columbia. That needs to change.
Blackstone is the biggest investor in the proposed Ksi Lisims LNG terminal and PRGT pipeline. And fellow Wall Street giant KKR owns a majority of the Coastal GasLink pipeline.
It’s time to ask our federal election candidates: why are we letting American billionaires take over housing, wireless networks and gas pipelines in Canada?
