Another Carney conflict? PM won’t rule out Canadian troops in Ukraine but why?

By: Greg Staley

Written on: 2025-08-26

Prime Minister Mark Carney’s former company, Brookfield, where he holds millions of dollars in stock, is set to benefit enormously from the reconstruction of Ukraine. Perhaps this explains why conflict Carney won’t rule out putting Canadian troops on the ground in Ukraine – he needs to protect the assets of himself and his friends at Brookfield.

In a recent news conference held in Ukraine, Prime Minister Mark Carney told reporters that he would not rule out deploying Canadian troops on the ground in the country. As Canadians, we must ask why the Prime Minister would be willing to send Canadians to die in this war. We must look past the emotionally charged political rhetoric and examine the Prime Minister’s personal interests in the matter.

Brookfield to build 9 nuclear reactors for Ukraine

In 2023, Brookfield acquired Westinghouse alongside Cameco. Westinghouse is involved in manufacturing nuclear reactors and has been helping Ukraine decouple from Russia by working to make nuclear fuel bundles that are compatible with Ukraine’s Soviet-era reactors.

Not only is the company working with Ukraine to decouple from Russian nuclear fuel, but the company has struck a deal with Ukraine to build 9 AP1000 nuclear reactors. According to Cameco, the cost to construct a new AP1000 reactor, based on MIT (Massachusetts Institute of Technology) estimates, is in the range of $6-8 billion per reactor. However, the price can vary significantly, depending on the country’s labour and construction productivity rates.

That being said, even with an extremely conservative estimate of $4 billion per reactor, Brookfield would have at least $36 billion of investments in Ukraine. This isn’t the only investment that Brookfield has in the war-torn nation either, the company is also the biggest investor in a $160 million IT park located in Lviv.

Ukraine reached out to Brookfield about investment opportunities

The Ukrainian government has also reached out to Brookfield directly, where they presented investment opportunities and discussed the country’s reconstruction.” The Ukrainian government, through their Advantage Ukraine program, has been actively seeking investment across a wide variety of sectors.

It seems that Brookfield has a man on the inside of Canada’s highest political office. The Prime Minister’s former company, where he holds millions in stock and undoubtedly where he has formed many friendships, has billions of dollars to be made in Ukraine. Perhaps that explains Prime Minister Carney’s openness to deploying Canadian troops in the country. Certainly, the question of this Prime Minister’s motivations needs to be examined in this light.

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