00:00:26.480A lot of people come to the channel regularly and don't subscribe. I don't do this at the beginning
00:00:31.440of a video very often, but if you haven't subscribed, please click on subscribe. Thank
00:00:36.560you. Only 48,000 to 100,000 subscribers. Okay, so let's start off by saying this. I'm going to
00:00:44.280try to keep this short today. I know you like to watch videos that are probably less than 10
00:00:48.460minutes long, so we'll try to do that today. But I want to thank you for watching this video here
00:00:52.440yesterday. More than 50,000 people have checked this one out. I'm sure it wasn't the vomit-inducing
00:00:58.860picture of Justin Trudeau and Katy Perry that drew you to that video. It's likely the title,
00:01:05.160but thanks very much for watching. So I want to bring to your attention a great website that you
00:01:09.700may want to check out, and this is from Rebel News. These are written by Corey Morgan and
00:01:15.860Sheila Gunn-Reed. It's Alberta Fact Check. You can go over there and sign up for daily email,
00:01:20.500and they fact check a lot of the information regarding the Alberta independence movement here
00:01:26.140and just a few of the things they're talking about today is there not enough support for
00:01:30.760a referendum will Alberta's unions join the indigenous people and block off roads and things
00:01:36.120like that and then there's this one right here BC gets a deal Alberta gets conditions and that's
00:01:42.500what we're going to talk about here today it's interesting and I said it right off the top
00:01:46.960I was thinking about, let me take my face off the screen so you can see the subtitle down here,
00:01:51.780Federal Government Keeps Placing New Hurdles in Front of Alberta's Energy Industry.
00:01:56.000I was thinking about Star Wars when I went through the thought process to putting this video together,
00:02:00.960because we're going to go from the west coast of Canada all the way to the east coast,
00:02:05.140because we have short memories when it comes to stories like this.
00:02:08.860Alberta Fact Check, by the way, is albertafactcheck.com.
00:02:12.420And again, go over and sign up for daily email.
00:02:14.820It's really great work that Rebel News is doing, Corey Morgan and Sheila Gunn-Reed on a daily basis.
00:02:20.520So there's this article here. I'm not going to read a lot of these stories for you.
00:02:23.820I don't want to go on too long, but the federal government keeps placing new hurdles in front of Alberta's energy industry.
00:02:29.680The federal government is reportedly preparing to sign a major projects agreement with British Columbia as early as next week.
00:02:35.940No extra conditions, no side deals, just an agreement to move projects forward.
00:02:41.220Alberta, however, appears to be getting a different deal.
00:02:44.300According to reporting in the Globe and Mail, Ottawa wants Alberta to reach an agreement on the multi-billion dollar Pathways carbon capture project at the same time it pitches a new West Coast oil pipeline.
00:02:55.180That's an additional hurdle that BC doesn't appear to be facing.
00:02:58.920The Pathways project is expected to cost tens of billions of dollars and has been the subject of years of negotiations over subsidies, tax credits and regulatory approvals.
00:03:09.140it's really quite remarkable how that project has gone up in price over the last couple of months.
00:03:14.240You might remember, you know, I've had that thumbnail I made of the giant carbon sucking
00:03:19.440machine. And originally on the carbon sucking machine, it said $16 billion. I raised it to
00:03:24.620$20 billion and then I added infinity to it. And according to this article, which I talked about
00:03:30.560yesterday in a video I did, this project could end up costing $30 billion. So it's gone up and
00:03:37.200almost doubled in price in a couple of months. What are the chances that this project will double
00:03:41.940again in price because government is involved? But anyway, back over to the Alberta fact check
00:03:47.740story here. The issue isn't whether a carbon capture is good or bad. It's why Alberta appears
00:03:54.120to be the only province being told it must solve another massive policy file before getting a
00:03:59.300nation building project off the ground. BC gets a major projects agreement. Alberta gets a major
00:04:04.580projects agreement plus homework. I think that's a great line at the bottom of that story.
00:04:10.160Now, you might say, well, you know, BC isn't putting in an oil pipeline. Their projects might
00:04:14.680not be as carbon intensive, but we seem to forget what is going on on the East Coast. And just a
00:04:21.700couple of months ago, there was a story that came out and an agreement made regarding Equinor. And
00:04:29.100this is pumping oil off the coast of Newfoundland and there are really no conditions put on oil
00:04:36.700pumping out on the east coast like a giant carbon capture project that Alberta has to agree to to
00:04:43.060get a pipeline to the west coast and here is the premier of Newfoundland Tony Wakeham talking about
00:04:49.900that project. For a decade Newfoundlanders and Labradorians were told that we cannot develop
00:04:57.380are offshore due to anti-oil policies such as the emissions cap imposed by Prime Minister Kearney's
00:05:04.580predecessor. While Prime Minister Kearney has lifted that cap, I am pleased to have Minister
00:05:11.140Thompson join us on behalf of the Prime Minister today. The next stage of this journey will be to
00:05:16.980officially designate Beta Nord as a project of national importance and send a message to the
00:05:22.820world that Canada is truly back as an oil and gas superpower. Carney did get rid of the emissions
00:05:30.460tax, but he added on an industrial carbon tax, which adds a significant amount of money to every
00:05:36.260barrel of oil coming out of this country and makes us uncompetitive. And if Carney really wanted
00:05:42.100Canada to be an energy superpower, he would unleash the third largest oil reserves in the world,
00:05:49.240which are literally flowing beneath my feet here in South Calgary.
00:07:07.900Of course, pushback on the MOU from environmental activists, Aboriginal interests, and a panoply of anti-oil, anti-development, anti-pipeline, and anti-tanker actors was as predictable as snow in Canadian winters.
00:07:22.060But that Prime Minister Carney is showing signs of shakiness when Premier Danielle Smith is rubbing ink off the side of her MOU signing hand does not bode well for the future of Alberta's Grand Oil Sands bargain.
00:07:35.080Smith would do well to push back on Alberta's initiation of its obligations under the MOU,
00:07:40.540which includes carbon capture that we talked about, lest they be carved quickly in concrete
00:07:45.920while the federal government's pledges assume the status of vaporware. So the terms of the
00:07:51.080agreement in the Memorandum of Understanding may be changing as we speak. And that got me thinking
00:07:56.100about Star Wars. Okay. So I was thinking of Mark Carney as Darth Vader. Some of you probably
00:08:02.620already do. But I was thinking of Premier Danielle Smith as Lando Calrissian, near the end of The
00:08:09.420Empire Strikes Back. You'll remember when Vader captures Han Solo, Princess Leia, and Chewbacca,
00:08:15.420there was an agreement made between Vader and Calrissian. Calrissian is really upset because
00:08:20.300the terms of the agreement are changing. Vader goes on to say that Princess Leia and Chewbacca
00:08:25.560will never leave the city alive, and Lando Calrissian said these famous words.
00:08:32.620this deal is getting worse all the time but that's not the only star wars reference here
00:08:39.220because this one's even better what happened to han solo he got locked up in carbonite
00:08:47.640i think you could say that it's an interesting analogy that just as han solo got locked up in
00:08:54.780carbonite. Alberta's oil is getting locked up in carbon taxes and carbon capture. Thank you very
00:09:03.320much for watching. If you like this video, please give it a thumbs up. Subscribe to the channel.
00:09:07.520Ring the bell for notifications. I will see you in the next one. May the force be with you.