A family member gets preferential treatment, while another family member is abused. This is the "two faced energy play" in Alberta, and why nobody seems to be talking about it. The meat and potatoes of the story, and the realization of this story.
00:04:49.620Beta Nord Oil Project hits key milestone as Newfoundland, Labrador, Equinor signed benefits agreement.
00:04:55.760And there's one line in this story that says it all.
00:04:59.160A proposed deepwater oil project off the Canadian East Coast reached a key milestone Tuesday as the Newfoundland and Labrador government signed an agreement with Equinor on how to divvy up the development's anticipated rewards.
00:05:13.120Premier Tony Wakeham received several standing ovations as he unveiled the benefits agreement for the Beta Nord project at a St. John's Newfoundland hotel, flanked by executives from Equinor and project partner BP.
00:05:27.340Wacom was quick to thank Prime Minister Mark Carney for championing Canadian energy
00:05:33.840and scrapping plans for proposed limits on oil and gas emissions.
00:05:43.060Alberta has to sign an MOU and agree to all these emissions fees
00:05:49.920and building this giant carbon-sucking machine, but Carney, let me read that again,
00:05:54.880Wacom was quick to thank Prime Minister Mark Carney for championing Canadian energy and
00:06:00.980scrapping plans for proposed limits on oil and gas emissions. Let's go back to the Western
00:06:08.260Standard story. While Alberta is having to jump through all kinds of hoops to get its natural
00:06:13.540resources out of the ground and had to sign that deal with the devil, there are these things as
00:06:18.220well. You'll remember this story from last week. This really pissed people off. Meanwhile, the LNG
00:06:23.540tanker Moran Gas Hector, having sailed roughly 25,750 kilometers from Gladstone, Australia,
00:06:31.140has delivered the first recorded shipment of Australian LNG to Canada into the port of St.
00:06:35.940John, New Brunswick. If only Canada had some liquefied natural gas, we wouldn't have to do
00:06:41.280this. Then there's this. Do you know about this one? Concurrently, the Suez Max tanker SFL Albany,
00:06:48.020loaded with approximately a million barrels of Saudi crude, is reported to have departed the
00:06:53.780Persian Gulf port of Rastanura. Having rounded the Cape of Good Hope, the tanker is bound for
00:06:59.080Canaport, St. John, New Brunswick, with an arrival date for late March 2026. If only Canada had some
00:07:06.040oil, we wouldn't have to do this. What do these seemingly unrelated energy events have in common?
00:07:12.840First, none of the announcements involve Alberta, and second, at no point have the terms decarbonization or carbon capture and storage been invoked for these developments.
00:07:24.460Now, this paragraph goes on to tell you how the federal government is subsidizing the East Coast project to the tune of a billion dollars over the project's lifespan.
00:07:33.400Meanwhile, Alberta is, by contrast, being held to a far higher regulatory and economic standard under the MOU.
00:07:40.660These arbitrary, inconsistent policies may be politically expedient, but they risk a deepening economic alienation in Western Canada, as if it could be any deeper than it is right now.
00:07:53.000These inconsistent policies threaten the competitiveness of Western Canadian oil exports at a time when Canada is fast becoming an international outlier in the global oil export market by pretending that there is a demand for decarbonized oil.
00:08:09.080Is this something that Alberta should willingly agree to?
00:08:13.860That's a good question for Premier Danielle Smith.1.00
00:08:22.760But you might say, John, we have a memorandum of understanding.
00:08:26.440If Danielle Smith can get a private investor, if we raise the industrial carbon taxes and0.90
00:08:32.480we build the giant carbon-sucking machine, we'll get our oil pipeline.
00:08:37.180To that I say, I don't think so because of these people.
00:08:42.600To make very clear that there's absolutely no support for pipelines to the northwest coast or oil tankers in the waters around Haida Gwaii.
00:08:53.360Because if they object, this isn't going to happen.
00:08:56.140Remember, Carney has always said we have to have a consensus.
00:08:59.920We need consensus behind these projects and we need the participation of Indigenous peoples.
00:09:04.720We will only do that in the case where we have the support of First Nations.
00:09:09.560I really want to know why this isn't being discussed all that much.
00:09:13.640And good work to the Western standard.
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