John Bolton - June 26, 2026


The Liberals And The Damage Done - This Had Me Shaking

Hosted by
John Bolton
Mentioned
Mark Carney Danielle Smith Jack Mintz John McKenzie Justin Trudeau
Carney Liberals Push a Dying Religion As The World Wakes Up How Premier Smith's MOU Is Like A Scene From Star Wars

Episode Stats


Length

7 minutes

Words per minute

153.18

Word count

1,143

Sentence count

69

Harmful content

Misogyny

1

sentences flagged

Toxicity

4

sentences flagged


Summary

Summaries generated with gmurro/bart-large-finetuned-filtered-spotify-podcast-summ .

In this episode, I discuss three articles that appeared on the National Post website today, one after the other, and they're all an indication of the fractured relationship between Alberta and Ottawa. Premier Danielle Smith has said on many occasions, Alberta has an Ottawa problem. As I said off the top of the video, the other side says the independence movement is bad for investment, and the ignorance is staggering. They turn a blind eye to the trillion in lost investment in Canada over the last 10 years under the Liberals.

Transcript

Transcript generated with Whisper (turbo).
Misogyny classifications generated with MilaNLProc/bert-base-uncased-ear-misogyny .
Toxicity classifications generated with s-nlp/roberta_toxicity_classifier .
Hosts, guests, and mentioned names generated with spaCy (en_core_web_sm), reconciled against Wikidata.
00:00:00.000 The forever Canadian people say that Alberta independence is bad for investment. 0.95
00:00:05.440 The ignorance is astounding.
00:00:10.460 Hi, it's John and welcome to the channel 237 in the afternoon, Friday, June the 26th.
00:00:15.960 I hope you're having a great Friday afternoon. Thanks so much for being here.
00:00:19.680 And I don't often do a video at this time in the afternoon, but I wanted to address
00:00:24.500 three articles that popped up on the National Post website today, one after the other.
00:00:32.300 And they're all an indication of the fractured relationship between Alberta and Ottawa. Premier
00:00:39.200 Daniel Smith has said on many occasions, Alberta has an Ottawa problem. Alberta has an Ottawa
00:00:46.460 problem. As I said off the top of the video, the other side says the independence movement
00:00:51.680 is bad for investment. And the ignorance is staggering here. They turn a blind eye to the
00:00:57.980 trillion dollars in lost investment in Canada over the last 10 years under the Liberals.
00:01:04.160 And Daniel Smith has said the lost investment in Alberta in oil and gas is around $175 billion.
00:01:12.500 This is criminal. This is generational wealth. I can only imagine how much better Alberta would do
00:01:18.180 on its own without Ottawa's boot on its neck. So let's take a look at these three stories. Here's
00:01:24.160 the first one here. Alberta's oil production costs will rise to uncompetitive levels under Ottawa's
00:01:30.540 MOU study says. Let me bring myself on screen here. I'll just read a little bit of these three
00:01:36.540 articles for you. Conditions in the Federal Alberta Memorandum of Understanding to approve
00:01:41.220 a new oil pipeline will raise the cost on the province's oil production that make it uncompetitive
00:01:47.280 with other exporting jurisdictions. A new study by economist Jack Mintz finds the higher industrial
00:01:53.740 carbon tax requirement will also add a billion dollars per year to the cost of producing
00:01:58.180 electricity in Alberta by 2040. The study released this week by the Fraser Institute finds that the
00:02:04.760 new federal provincial implementation agreement, which includes a requirement to raise Alberta's
00:02:09.720 industrial carbon tax and Ottawa imposed carbon capture requirements, places a multi-billion
00:02:15.360 drag on the province's ability to compete with major oil and gas producing jurisdictions in the
00:02:20.940 U.S., especially Texas and New Mexico. Mintz, the study's author and an economist at the University
00:02:27.060 of Calgary, said that the Trudeau Liberal government's orthodoxy of taxing carbon had
00:02:32.200 already hamstrung Alberta's oil and gas industry without appreciably contributing to the global
00:02:37.680 mitigation of climate change. Mintz said that things have improved under Prime Minister Mark
00:02:42.900 Kearney, but stressed that the numbers are still uncompetitive under Kearney's new MOU agreement
00:02:47.840 with Alberta Premier Danielle Smith, which reduced the requirement to raise the carbon tax
00:02:53.260 from $170 per ton by 2035 to $140 by 2040. The study doesn't directly calculate the impact of
00:03:03.240 the $20 billion Pathways Carbon Capture Project, but Mintz says it will almost certainly weaken
00:03:09.220 Alberta's market position even further. And then there's this. John McKenzie, the CEO of Pathways
00:03:15.580 partner Synovus Energy, said at an energy conference this month that absent a more
00:03:21.720 producer-friendly tax and regulatory environment, the carbon capture project doesn't really make
00:03:27.960 any sense. Next story. And they don't get any better. The cost of Kearney's energy sector
00:03:34.100 sabotage is staggering. Earlier this month, Synovus Energy CEO John McKenzie sharply
00:03:41.440 criticized the federal Alberta agreement that links support for a West Coast oil sands pipeline
00:03:46.860 to carbon capture storage and industrial carbon pricing. He described the industrial carbon tax
00:03:53.380 as insidious and said industry has been clear that it should be revoked. He also noted that
00:03:59.260 the Pathways Alliance CCS project itself carries an estimated cost as high as $30 billion. The last
00:04:06.160 time I read about this, it was only $25 billion. In 2022, former Prime Minister Justin Trudeau
00:04:13.040 waved away the idea of Canadian LNG export to Europe by saying there was no business case to
00:04:20.100 do so. Moreover, Ottawa had bet big on green hydrogen in Atlantic Canada, and there was no
00:04:26.200 room left to back the resource the world actually wanted. Prime Minister Mark Carney is making the
00:04:31.660 same errors on energy and climate policy. More than a year into his tenure, his signature
00:04:36.700 innovation has been federal fast-tracking through the Major Projects Office.
00:04:43.980 A state that raises the cost of uncertainty of building, refuses to fix the issue, and then
00:04:50.640 offers selective regulatory shortcuts and subsidies to offset forced costs,
00:04:55.920 is paying with taxpayers' money to mitigate failures of its own making.
00:05:03.520 And then moving on to the very last story, they're all connected, folks.
00:05:07.360 Carney's so-called major projects mired in endless environmental review.
00:05:12.180 And this is the kicker here.
00:05:14.320 When Prime Minister Mark Carney promised to build at speeds not seen in generations,
00:05:18.400 Canadians could be forgiven for thinking he meant to actually accelerate projects.
00:05:23.820 Friday marks the one-year anniversary of the Building Canada Act receiving royal assent,
00:05:28.760 and since that time, not one nation-building project has been approved under the legislation.
00:05:35.040 On Wednesday, the Liberals made great fanfare in announcing they were moving forward with
00:05:39.380 three major projects of national interest under the Act. Aware, no doubt, that the anniversary
00:05:45.200 was approaching, they must have felt it politic to announce something. But all they are doing is
00:05:51.520 initiating the process to potentially list the projects as being of national interest under the
00:05:57.740 act. This is why I say that Carney is performative. He doesn't really do anything, but he announces
00:06:03.320 things and people buy it. No, it doesn't sound like jargon. It sounds like nothing is getting
00:06:09.220 done. It's just more bureaucracy, more hurdles to jump through, more paperwork to fill out
00:06:14.900 and more boxes to tick. And I think there's a bit more down here at the bottom.
00:06:19.240 We can build big, big, bold, build now, said the prime minister. A year later, we have built
00:06:26.720 nothing. Carney's big, bold talk may fool some Canadians, but others will recognize it for its
00:06:34.660 mushroom growing properties. And what he's saying there is it's full of shit. Three stories about 1.00
00:06:43.440 the Canadian government, Ottawa, and how it is damaging our resource sector, particularly here
00:06:50.120 in Alberta. And nothing is going to get better. Now, Danielle Smith is going to come out probably
00:06:55.500 by the end of next week and announced a pipeline project, and she's going to present it to Mark
00:07:00.300 Carney's major projects office. And just like Mark Carney and how it was described as mushroom
00:07:06.220 growing properties at the end of the last story I read for you, Danielle Smith won't be talking 0.99
00:07:11.760 about shovels in the ground, she will also be shoveling shit. These stories had me shaking 0.98
00:07:18.620 when I read them today. Thanks for watching. If you liked this video, please give it a thumbs up,
00:07:23.660 subscribe to the channel, ring the bell for notifications. I'll see you in the next one.