John Bolton - June 26, 2026


The Liberals And The Damage Done - This Had Me Shaking


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 .

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 .
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.