John Bolton - July 06, 2026


The Moment Danielle Smith Realized Canada Was Uninvestable


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 .

Transcript

Transcript generated with Whisper (turbo).
Misogyny classifications generated with MilaNLProc/bert-base-uncased-ear-misogyny .
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.