00:06:37.900There are other ways to bring down the temperature or to slow the warming of the earth.
00:06:43.320And as a matter of fact, I think in this story, I think I highlighted it here.
00:06:46.500Here's how much money the world has spent on climate change mitigation right now.
00:06:51.600The world has already spent more than $16 trillion on climate measures with promises of hundreds of trillions more.
00:06:59.680I'm going to read a bit of this article to you.0.99
00:07:01.980And then we're going to go on to Danielle Smith on one of the lies she's been telling.
00:07:06.260And she said this recently at the United Conservative Party meeting they had just a week or so ago.
00:07:11.340And we're going to show what Prime Minister Carney is doing when it comes to his net zero program right now.
00:07:17.860Danielle Smith said net zero is gone, but Prime Minister Carney is actually accelerating this as far as I'm concerned.
00:07:24.220And then we're going to hear from Tim Hodgson, the energy minister.
00:07:27.300And then the quote from my friend who has a great suggestion on what Danielle Smith should have done when it came to her memorandum of understanding with Mark Carney.
00:08:55.540A new Times of London survey of 200 institutional fund managers found
00:08:59.820climate change had tumbled from their number one environmental, social, and governance concern to
00:09:05.640fifth place behind human health, AI ethics, corruption, and corporate conduct. After the
00:09:11.940Cold War, it became fashionable to call climate the last great challenge it never was. COVID,
00:09:18.920wars, budget deficits, immigration pressures, faltering schools, the uncertainties,
00:09:24.080artificial intelligence, and aging populations straining health and pension systems
00:09:29.080are all legitimate competing priorities.
00:09:32.900Climate is one item on a long list, not the only line.
00:09:36.940Second, you can cry wolf only so many times.
00:09:40.360For 50 years, we have been fed apocalyptic deadlines.
00:09:43.500One peer-reviewed study cataloged at least 79 specific doomsday predictions.
00:09:50.220In 2019, King Charles warned that we had 18 months to save the planet.
00:09:55.240Al Gore told us in 2008, we had 10 years left.
00:09:59.080Those deadlines came and went. Nearly every dramatic prophecy that has reached this expiration date has simply turned out to be wrong, and voters have noticed.
00:10:08.840Third, climate policy is staggeringly expensive and accomplishes remarkably little.
00:10:14.960The world has already spent, line from before, more than $16 trillion on climate measures, with promises of hundreds of trillions more.
00:10:22.900Yet a landmark study in science examined 1,500 climate policies across 41 countries, Canada probably in there, over two decades and found out that only 4% meaningfully cut emissions.
00:10:36.260Together, the entire apparatus reduced global emissions by less than a quarter of 1%.
00:10:42.980In any other field, governments delivering so little for so much would have been thrown out long ago.
00:10:49.440Now, it's a great article. Read the whole thing. Link in the description. I want to show you this
00:10:54.740short clip from Danielle Smith, and then I want to get on to our energy minister and our amazing
00:10:59.760quote from my friend who sent me an email about a week or so ago. So here is Danielle Smith talking
00:11:05.540to the United Conservative Party. She got very limited applause in this speech, going on about
00:11:10.500the nine bad laws, and this is one of the laws she said that Mark Carney and the liberals have
00:11:16.140gotten rid of. In addition, under this agreement, the dangerous net zero electricity regulations
00:11:22.220gone. You see, Premier Smith has to say this or her credibility is nothing but mud. And her
00:11:28.420credibility is nothing but mud because she said at one time, if we don't get rid of the nine bad
00:11:33.420laws, we're going to have a national unity crisis. Well, folks, we have a national unity crisis.
00:11:38.360Alberta is having a vote for independence in October. So she's got to say this.
00:12:28.360I'm going to go through this quickly, about two and a half minutes of discussion here.
00:12:32.080And there's another phrase I'm going to use.
00:12:34.540He shucks and jives through this, okay?
00:12:36.940A shuck and jive is sort of, he dances around the answers because he hasn't got answers here.
00:12:42.100The carbon capture program known as Pathways in Alberta ain't working out for the province
00:12:47.500and it ain't working out for the federal government.
00:12:49.700And this proves it because if it was working out,
00:12:52.460he wouldn't have to have this discussion with Ms. Capella.
00:12:55.180So let me go over here and click on this and let's hear what the energy minister has to say.
00:12:59.800I did want to ask about what is an increasing amount of industry pushback
00:13:04.280to part of the MOU that your government signed with Alberta.
00:13:07.740And that is in particular around the Pathways carbon capture project, right?
00:13:11.500Mr. McKenzie, the CEO of Synovus, gave a speech just this month basically saying, you know, financing that and the pipeline isn't doable, unfinanceable, was the word that he used.
00:13:23.120Your government is already providing very significant tax credits for carbon capture.
00:13:27.540Are you willing to put more federal money to make sure that Pathways is realized?
00:13:32.260So I would say that there are very productive conversations going on as we speak between the
00:13:39.580federal government, between the government of Alberta and the Pathways Alliance. We are working
00:13:44.640hard to get to a framework. That framework involves some support from the federal government
00:13:51.000and involves some support from the Alberta government. It means that people in Alberta
00:13:56.640and in Canada are going to have to pay for this because the oil and gas companies realize that
00:14:02.080this is going to make them uncompetitive. My friend, I'm going to show you his quote in just
00:14:05.740a moment on what Daniel Smith should have said about this in the first place and should have
00:14:11.920said to Mark Carney about this. It makes absolute sense. I never thought of it, but this is a very
00:14:16.800smart gentleman. But they have to subsidize this. You're going to subsidize this in order for Carney
00:14:23.080and Tim Hodgson, our energy minister, to achieve their net zero. And he actually concludes with
00:14:28.440that. Let's go back to what he has to say here. And it involves some financial commitments by
00:14:34.220the Pathways Alliance. We've done the work. We think it's eminently financeable. And I'm not
00:14:41.180going to get in the middle of discussions, but I think you'll hear some good news in the not
00:14:45.660too distant future. And I understand that you don't want to get in the middle of discussions,
00:14:49.980but I ask with great respect, Minister, there's already a lot of federal money that has been used
00:14:54.580subsidize oil companies that have have quite significant profits they obviously don't think
00:15:00.180and numerous ceos have now said that the economics of pathways are there without significant taxpayer
00:15:08.180input the question is a simple one are you willing to go beyond the current federal input into if you
00:15:14.660don't pay for pathways the oil and gas industries can't be competitive is basically what vashi
00:15:19.940Capella said there but they're doubling down on this and the province of Alberta is doubling down
00:15:26.060on this to try to get the so-called pipeline that Daniel Smith is supposed to submit to the
00:15:33.220major projects office here in Calgary well within the next week here we go pathways I'm I'm not going
00:15:41.320to get in the middle of discussions that are that are going on right now we have a clear framework
00:15:45.680that we're working on with the government of Alberta