John Bolton - July 06, 2026


The Moment Danielle Smith Realized Canada Was Uninvestable

Hosted by
John Bolton
Mentioned
Danielle Smith Jasmine Lane Jason Kenney David Eby John
Maybe The East Should LEAVE CANADA Too - We're All Equal In The End Pipeline Announcements - Proof Of Canadian Decay @ Your Expense

Episode Stats


Length

6 minutes

Words per minute

186.2

Word count

1,128

Sentence count

47

Harmful content

Misogyny

3

sentences flagged


Summary

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

When did Danielle Smith realize that no one else would invest in an oil pipeline in Canada? And when did she start to realize that Canada was uninvestable in oil and gas development? In this video, I try to pinpoint the exact moment that Danielle Smith realized that nobody else would be willing to invest in Canada's oil pipeline.

Transcript

Transcript generated with Whisper (turbo).
Misogyny classifications generated with MilaNLProc/bert-base-uncased-ear-misogyny .
Hosts, guests, and mentioned names generated with spaCy (en_core_web_sm), reconciled against Wikidata.
00:00:00.000 I do this video today as a public service to all Canadians and, of course, my fellow Albertans.
00:00:09.380 Hi, it's John and welcome to the channel. Monday, July the 6th. It is 5.47 a.m. I hope you're having
00:00:15.380 a great start to your Monday. I hope you had a wonderful weekend as well with the big blue mug
00:00:18.680 of coffee. I'm getting started later this morning, but I have been working on today's video
00:00:23.140 for about three hours. It took me that much time to get the clips together to find what I was
00:00:27.940 looking for and add the text and the graphics today. And it's going to be mostly clips, okay?
00:00:33.900 But I'm doing this on behalf of all Canadians, all Albertans, because ladies and gentlemen of
00:00:39.840 Canada and Alberta, we are all on the hook together for a $43 billion oil pipeline to the
00:00:45.940 West Coast. Now, I know I've said that the pipeline will likely be more expensive than that,
00:00:50.500 But let's stick at the high end of the estimate. So $43 billion pipeline. So my mission this
00:00:59.200 morning was to try to pinpoint the approximate time that Danielle Smith realized that Canada
00:01:05.520 was uninvestable. And I think I did that this morning. When she realized nobody would invest
00:01:12.320 in an oil pipeline, because you do understand that she did say that if we had to use government
00:01:18.000 money to buy the pipeline, it would be a failure. Having to build another pipeline with government
00:01:25.020 money as being a success, it would be, I think, a failure of the exercise. I'm starting to see that
00:01:29.940 clip spread around on the internet. That's what I tweeted right after this pipeline announcement
00:01:35.700 the other day, the exact clip I'm seeing on X, which is fine. Spread it around and credit to
00:01:41.080 Jasmine Lane for getting Danielle Smith to say that. Government money on a pipeline would be 0.99
00:01:46.020 failure and here we are folks and we've talked about investment in alberta she has i won't play
00:01:51.540 those clips for you 176 billion dollars in lost investment in oil and gas in alberta and you know
00:01:57.620 in canada a trillion dollars in lost investment in canada through the trudeau years but she has
00:02:04.340 said that there would be no taxpayers dollars going into a pipeline before she said it seven
00:02:12.100 months ago with vashi capellas to be clear again for for albertans and canadians watching like
00:02:17.700 is there any taxpayer money going into this thing well i can tell you the approach that we've taken
00:02:22.740 which i'm pleased to see that other provinces and the federal government have replicated
00:02:26.660 is offering loan guarantees one of the insights that my predecessor jason kenny had was that one
00:02:31.220 of the reasons why bands are not able to take on ownership stakes is because they need a bank to
00:02:37.140 ensure that they uh that they will underwrite the loan but that's the limit to the backstop that you
00:02:41.700 you would provide with with taxpayer dollars correct like it would come in that form it would
00:02:45.260 not be through any other means to fund the construction of a pipeline that would be the
00:02:50.000 intention definitely I watched another video this morning when Vashie told David Eby that
00:02:55.400 Danielle Smith had told her that twice on her show I couldn't find the other instance but we'll
00:03:00.740 take Vashie's word for it on that so when did Danielle Smith realize that nobody wanted to 0.85
00:03:06.480 invest in an oil pipeline. And thus, nobody wanted to invest in Canada, because Canada's 0.85
00:03:11.940 uninvestable, and nobody wanted to invest in Alberta. It was around this time, five months
00:03:19.300 ago, on Alberta Prime Time. Pay attention to the graphics and the text in this clip. It's not very
00:03:25.780 long. On your efforts to drive development of a new pipeline, partnering on the MOU, how close
00:03:32.160 are you to pulling necessary private sector investment on side? Well, I can tell you that
00:03:37.740 we have every pipeline company at the table giving us their technical expertise. We've ruled out one
00:03:45.520 particular port that I know was problematic in British Columbia, Kitimat. There's something
00:03:49.740 like 140 kilometers of channel that would have to be navigated. But I would say that we have to
00:03:55.280 clear a few hurdles. You have to remember TC Energy, Enbridge and others lost billions of
00:04:02.060 dollars in regulatory processes going through and filing the papers and dotting all the i's and t's
00:04:07.680 and even getting permitted approvals and then having the rug pulled out of them and so they're
00:04:13.140 not that keen to go through that again they want some certainty that a pipeline is actually going
00:04:18.440 to be built so we'll do our work put it into the major projects office and then we would hope that
00:04:22.640 we would get a positive response to that with before the end of the year so that we can start
00:04:28.720 seeing who will come forward and start building it. It was right around that time that she knew
00:04:33.380 nobody wanted to invest in Canada and thus nobody wanted to invest in Alberta in a pipeline to the
00:04:40.440 west coast. She started to change her tune. Of course, she wanted a northern route for the
00:04:45.440 pipeline. It's now to the south, which doesn't make as much economic sense. And certainly from
00:04:50.700 a standpoint of transporting oil, it's going to take longer. And then she started to try to do
00:04:55.940 damage control by saying all the bad laws she wanted gone were gone when they really weren't.
00:05:02.380 And we knew that the other day when Carney came out with Evie and said the tanker ban was still
00:05:06.780 in place, one of the nine bad laws. Danielle Smith knew what needed to be done when it came
00:05:12.840 to investment in this country, but she didn't do it. She is a failure on this and it's failed us
00:05:18.880 as taxpayers in Canada and taxpayers in Alberta were on the hook for a $43 billion taxpayer-funded
00:05:28.100 pipeline. If you like this video, give it a thumbs up, subscribe to the channel,
00:05:33.380 ring the bell for notifications, and I'm going to let Danielle Smith have the last word on this
00:05:38.740 video. If we want to be a rich country and we want to be able to keep up with our neighbors and
00:05:42.980 growth, we've got to build things. We've got to dig things out of the ground. We've got to get
00:05:46.100 products to market. We can't keep on borrowing and borrowing and borrowing and watching the kind
00:05:52.120 of situation that we've seen over the last 10 years develop. That is not what Albertans want.
00:05:55.720 It's not what Canadians want. But Alberta's pitch does note that the pipeline could cost an estimated
00:06:00.240 35 to 43 billion dollars.