Juno News - Alberta signs pipeline deal with Ottawa — but at what cost？

00:00:00.000 welcome to the fighter i'm your host chris sims we have got a special report for you

00:00:09.600 right now you've probably already seen the gripping and grinning and the signing of documents

00:00:15.180 once again the province of alberta has signed on to a deal an agreement a promise with ottawa

00:00:23.680 Now, again, this is about the promise of a future pipeline someday.

00:00:28.400 I could see it in Alberta Premier Danielle Smith's face.

00:00:32.120 She's optimistic.

00:00:33.680 She's saying that she hopes that they're going to have a pipeline started from Alberta out to the British Columbia West Coast by September 1st, 2027.

00:00:45.740 But here's the thing.

00:00:47.680 There's no private company banging the door down saying, yes, please, we want to build this pipeline.

00:00:52.980 with our money. That's not happening. We don't have one yet. Also, there's no really firm,

00:01:00.800 hard commitment coming out of Prime Minister Mark Carney. They kind of agreed to a future

00:01:07.480 consideration of a promise. But there is one thing that's definitely for sure going to be happening,

00:01:12.860 and that is a huge increase in the industrial carbon tax. Now, for folks who've been living

00:01:20.720 under a rock for the last little while, yes, the consumer carbon tax is gone, which means we have

00:01:26.480 a hidden one now. That's all this means, okay? An industrial carbon tax is applied to things like

00:01:34.880 fuel refineries, which makes the cost of gasoline and diesel cost more. An industrial carbon tax

00:01:42.160 is applied to things like utilities companies. For folks all across the western provinces,

00:01:47.680 the prairies, your electricity probably runs on natural gas. And when that utility company gets

00:01:54.540 an industrial carbon tax slapped on it, you're paying more for electricity, which in Canada

00:01:59.720 means you're paying more to exist. Okay. To keep the lights on, to run your stove, all of that

00:02:05.380 stuff. Okay. When you have an industrial carbon tax on a fertilizer plant, you are increasing the

00:02:13.140 cost for farmers, which makes food cost more. And know how I mentioned gasoline and diesel?

00:02:21.060 Trucks run on diesel. Trucks deliver everything we eat and use. So you see the stacking layer

00:02:28.820 cake from hell here. That is an industrial carbon tax. And finally, we even had oil and

00:02:34.580 gas companies come out and say, you know what? This is bad for business. No way. You kidding?

00:02:41.460 Yes, it's bad for business for Canada to have a nationally imposed industrial carbon tax.

00:02:47.820 And it didn't take Kearney long to once again come right out and say it.

00:02:52.640 This is a bit of a longer clip, but I know our viewers, I know you guys like context.

00:02:57.860 So this clip is about a minute long.

00:02:59.640 This is just after he finished signing the latest deal for a maybe future promised pipeline thing with Alberta Premier Daniel Smith.

00:03:07.740 and he starts schooling the media, explaining that right now, the current industrial carbon tax

00:03:15.840 is around $20 per ton, and it's going to be six and a half times higher. Listen to this.

00:03:23.520 Let's put this in context. Before we started these negotiations, before the MOU,

00:03:29.040 you, the carbon price trading in the tier market was $20. Not the $95, now $110, of

00:03:40.860 the headline price. $20. That was the actual price. That's the actual price that determines

00:03:46.180 the investment decision of businesses. Now, what are we doing? We're putting in place

00:03:54.820 frameworks, changing the way the market works, a floor price, contracts for differences,

00:04:01.700 skin in the game from the government of Alberta, skin in the game from the government of Canada,

00:04:06.220 so that we have a functioning market. We have an effective price, 2040, that's six and a half times

00:04:12.580 that price. Okay, guys, you just heard from him. And he was getting a question from the media

00:04:19.900 saying, oh, environmentalists are basically calling you a sellout for daring to even talk

00:04:24.740 to Alberta Premier Daniel Smith, to be seen in the province of Alberta, and to be even talking

00:04:29.340 about pipelines. You said bitumen out loud with your face. And then his response was, no, no, no,

00:04:34.820 I've been an environmentalist all this time. In fact, he mentioned that he was the UN special

00:04:40.080 envoy on climate blah, blah, blah for the United Nations when he wrote this book. Okay, like he

00:04:47.060 went back over all of his credentials on this stuff. So again, boy, what we're getting out of

00:04:54.840 this is a pipeline promise and a big industrial carbon tax hike reality. And the industrial carbon

00:05:03.820 tax hike is going to happen right after Christmas this year. So as of New Year's Day, 2027,

00:05:11.160 we're going to have a much higher industrial carbon tax, which will increase the cost of

00:05:17.580 everything. And we don't have a private company proponent coming forward yet saying, please take

00:05:25.180 our company money, not taxpayers money, and let's build a pipeline together. I wanted to play a

00:05:33.080 clip for you from Alberta Premier Daniel Smith as well, because she's in a rock and a hard place.

00:05:39.520 She should have said what Saskatchewan Premier Scott Moe has said. No. No carbon taxes. No consumer carbon taxes. No industrial carbon taxes. No imaginary, like, credit trading carbon taxes. None of that. We're getting rid of all of that. And just stand up.

00:05:58.000 But what we're hearing from Edmonton is, what else do you want us to do?

00:06:01.780 We have to dance with the girl who brung us.

00:06:03.900 And that is right now a majority government led by Prime Minister Mark Carney that is

00:06:08.920 refusing to let up on all this stuff.

00:06:12.060 Now, to be fair, the Alberta government is saying, listen, we're going to get the production

00:06:16.300 cap lifted.

00:06:17.120 If that actually is true and we get private companies like rushing up to the bar to spend

00:06:25.300 their money in Alberta again and to put shovels in the ground and reinvest that would be great

00:06:31.140 but she was asked about this Premier Smith was asked about the industrial carbon tax

00:06:37.360 and what this is doing to Alberta and she says that she would much rather have had it be much

00:06:45.120 much much lower than what they just agreed to listen to this what would you pinpoint as the

00:06:51.260 concessions that Alberta made to reach this deal? Well, I can tell you that even though we have

00:06:58.660 a carbon price, if I had my druthers on what it would be set at, it would probably be somewhere

00:07:05.080 around $50 a ton. Because if you look at some of the work of Ross McKittrick, he has indicated you

00:07:11.400 could have actually a much lower carbon price and still send the signals to investors about

00:07:16.360 and create an incentive market where they would move more towards emissions.

00:07:20.600 But those are the things that we have to negotiate.

00:07:23.980 The Supreme Court made a decision that the federal government has the right to set a floor price.

00:07:28.400 And so we have to make sure that that floor price is a negotiated price

00:07:31.880 that is going to have minimal impact on the investment climate.

00:07:35.900 So I would say that was a pretty big concession on our part.

00:07:40.080 All right. So once again, they did their little signing thing in two speeches,

00:07:43.740 and then they both went to their respective corners for about an hour and a half and then

00:07:47.980 they each come out separately to speak to the media. What do you think? Leave us a note in the

00:07:53.580 comments. What do you think about this latest agreement? Honestly, do you think this is good?

00:07:58.820 Do you believe Prime Minister Mark Carney when he says that we could have a pipeline eventually

00:08:04.900 being built to the West Coast? I'm trying to be fair, but they don't have a private company

00:08:09.880 inking it yet. They don't have agreements from British Columbia and First Nations agreement.

00:08:14.780 All this stuff. There's so many different things and strings attached to this. You could weave an

00:08:20.100 entire tapestry out of all of those strings. But what do you think? What do you think? Let us know

00:08:25.440 in the comments. Do you think it's worth it to be paying a much higher industrial carbon tax,

00:08:31.820 which will make, you know, electricity and food and driving around all cost more in exchange for 0.98

00:08:38.240 a promise of a pipeline to the West Coast, accessing the Asian market. What do you think?

00:08:45.300 For more analysis on this, someone who knows this file so well, oh, oh, I almost forgot to mention,

00:08:51.860 they actually slipped in kind of a double whammy announcement today. They also announced changes

00:08:56.800 to our electricity production. There are so many questions around this, like how does this tie in

00:09:03.520 to Mark Carney's decision to continue regulating out the sales of normal gas and diesel vehicles.

00:09:11.400 Yes, he didn't get rid of the ban, folks. He's just going to choke off the supply of normal

00:09:16.220 cars and trucks in Canada and force people to buy battery-powered vehicles in like four years or so.

00:09:22.840 So they all run on electricity. Where's that juice going to come from? There was actually

00:09:27.300 two announcements that happened today. And I can't think of a better person to talk with me

00:09:33.640 about this. Let's find out. Joining me now is Dan McTague. He is, of course, the head of Canadians

00:09:39.960 for Affordable Energy. Dan, I've got my own concerns about this. I don't want to preload what

00:09:46.440 I assume yours are. Honestly, what was your take on today's announcement? Let's start with the

00:09:51.780 promise of a future pipeline in exchange for a six and a half times higher industrial carbon tax

00:09:57.960 jack in the beanstalk the mou is doa you've traded away the farm the economy's economy

00:10:05.060 its most important valuable resource for a plan that no one wants that's not necessary

00:10:10.660 would be imposed extraordinarily expensive conditions that no country in the world really

00:10:16.900 cares about they want oil they want this uh trendy decarbonized nonsense and unless you're

00:10:21.900 at middle band out of uh uk and you demand that they shut down the north sea and do ridiculous

00:10:26.600 things that bring about the collapse uh of the economy in uk and more importantly uh make

00:10:32.600 consumers uh that much worse off uh this thing uh is just a nice announcement uh for mr carney and

00:10:39.160 uh daniel smith to do nice things and say nice things at the end of the day no one in the right

00:10:44.980 mind is going to back this program unless it comes down to your taxpayers forking over the

00:10:51.180 money to build a project that's going to leave us very much high in drive. That was my take too,

00:10:57.400 and there's so much to unpack here. Okay, let's start with the MOU being DOA. Number one,

00:11:03.520 sitting here in Alberta, I'm not so sure that was a nice things announcement for Alberta Premier

00:11:09.000 Danielle Smith. Cards on the table. I've known her for more than 20 years. I don't see how she

00:11:15.880 could like what she's doing right now, if I can say that. In fact, when she did a follow-up Q&A

00:11:21.880 with reporters, I'm paraphrasing her. She said, if I had my druthers, I would have a carbon tax at

00:11:27.760 around 50 bucks a ton. And here we are. It's going to be going up to past 95. It's going to be going

00:11:34.320 up much higher than that within the next few years, in just over a decade, Dan. There's so

00:11:41.100 much going on here. Why did Alberta agree to this? Do you think that she believes this promise that

00:11:48.760 we're going to have a pipeline like digging going by September, 2027? I think it's a question of

00:11:54.980 timing. The big companies that have come out and said, we can't attract any investments as a result

00:11:59.820 of the energy shock were a little too late these are the people who stood foursquare behind the

00:12:04.740 nonsense of shutting down the industry and putting all sorts of draconian unnecessary

00:12:10.540 climate net zero nonsense on layered on top of the building of a pipeline which makes no sense

00:12:17.980 the reality is that I think I was pleased to see Synovus and Shell and many others come out

00:12:24.140 this week where the hell were they a year ago where were they five years ago when they signed

00:12:28.220 up for this stuff. I think what they've done is they didn't react quickly enough. And I hate to

00:12:32.940 think that the only reason they reacted was because of this energy crisis in which 20% of the global

00:12:37.720 supply of oil is now offline. Canada could have alleviated that, refused to. And as a result,

00:12:43.100 our Canadian dollar, well, it's frankly costing you and I an extra 40 cents a liter. Imagine what

00:12:47.600 it's doing to every other commodity. So I think in terms of the timing here, it's too little,

00:12:53.000 too late. And again, there will be no proponent. Nobody's going to put up that kind of money and

00:12:57.720 risk those kind of down the road things you're going to have to pay for much less consumers

00:13:01.940 i'm in ontario a lot of that oil comes to uh through their you know line uh line five that

00:13:07.300 makes its way michigan into line nine i'm going to be paying an industrial carbon tax i'm going

00:13:12.140 to have another 20 cents a liter put on the price of gasoline on top of everything else look if you

00:13:16.340 hate internal combustion engines and you hate hydrocarbons and you hate natural gas you hate

00:13:20.940 oil just damn well come out and say it but what's the alternative living in the state of nature 0.93

00:13:24.640 eating acorns, wearing animal skins, watching little windmills made in China, and solar panels 0.88

00:13:30.320 providing you with a little bit of tidbit of energy that you need to maybe get by and make 0.61

00:13:34.880 your toast in the morning. To Dan's point, for folks who are watching this, who are, you know,

00:13:39.720 urban cyclists, your food, everything you eat and use is delivered to you by trucks, plural,

00:13:46.420 trucks run on diesel, millions of them. It's like they're their own species in North America, 0.98

00:13:52.980 going down our highways and byways. There's no way to cut it here, folks. We're dependent upon

00:13:58.660 this. And this is why when you increase the carbon tax on things like oil and gas, you increase the

00:14:05.060 carbon tax on things like gasoline, diesel, utilities, energy, electricity, all of this

00:14:11.360 stuff. Okay. Lastly, on this part, on the pipeline promise and the MOU and all that stuff, I just

00:14:17.960 finished playing the clip that indeed, like Carney said it again, that it is going to be six

00:14:23.560 and a half times higher. What does he mean by that? Well, as of right now, according to him

00:14:29.060 and other eggheads, he says that, I'm sure he would take that term affectionately. I mean it

00:14:33.860 that way. I think what he said is the current price, the actual price, the market price of

00:14:40.240 industrial carbon taxes was around $20 per ton. This will be six and a half times higher than

00:14:47.540 that. So I'm worried, Dan, that the actual producers of oil and gas at the moment of producing a barrel

00:14:55.100 of oil are in for a big sticker shock here, aren't they? You're adding $10 to a barrel of oil in a

00:15:02.860 market where you want to be more competitive with WTI. How are you going to do that? You're already

00:15:07.220 $10 more. And who's going to pay for the cost of what they call sequestration? Who's going to pay

00:15:11.760 for the carbon capture? I mean, this doesn't just happen because Pathways comes out and say it's

00:15:16.380 cool and trendy ultimately they're going to force that price back onto consumers or worse they won't 0.99

00:15:21.480 be able to get anybody who wants to buy into this and that means as we saw in the trans mountain

00:15:25.160 pipeline this the expansion when we chased out we deliberately our woke net zero climate fanatics

00:15:32.940 chased out uh the proponent in that case kinder morgan not only do they have a right to sue us

00:15:38.600 for six billion bucks it costs an extra 50 billion dollars of your money and mine to build something

00:15:43.920 the private sector is prepared to do for nothing what we made of money in this country last time

00:15:47.780 i checked there's a hell of a lot of people going to food banks there's a lot of people can't make

00:15:50.880 ends meet they can't afford the rent they can't afford their mortgage the kids can't find work

00:15:54.840 this summer but we've got these people going around you know uh like like a great uh pontificating

00:16:00.720 how great they are in the world and give these wonderful speeches at the end of the day they're

00:16:05.100 leaving the country destitute anybody who goes along with this particular plan is going to find

00:16:08.780 out the very hard way no one is going to build this thing anytime soon yeah to your point we're

00:16:13.340 not made of money, by the end of this year, our national debt is going to be $1.4 trillion.

00:16:19.300 What we pay on interest on the debt this year is more than we are spending at national defense.

00:16:28.320 Like I did the math and almost puked. The more than $50 billion we are paying, $50 billion we

00:16:35.740 are paying this year on interest on the debt could pay for all of the groceries, okay, for families

00:16:41.860 of four, three and a half million families of four for the entire year. Like my skin's crawling down

00:16:49.600 before we shift to electricity grid. Cause I wasn't expecting that there was a kind of a

00:16:53.840 double announcement today. So folks stay tuned, the whole gas and diesel vehicle band thing,

00:16:58.860 the greening of the grid thing, just stay tuned for that. Lastly, this part, I didn't understand.

00:17:04.880 I listened carefully to what Carney said, and he basically said, because of it's only $20 per ton.

00:17:11.520 and now we're jacking it up to 95 and then 110 and then 130 um and he said how did he put it

00:17:18.800 companies see that and investors see that and they're not investing i think he was trying to

00:17:25.640 say because the carbon tax is too low like which companies did he mean is he talking about like

00:17:31.100 companies that trade in carbon credits or something what was he talking about there

00:17:36.180 maybe but his own company brookfield wouldn't damn well buy the colonial pipeline it came

00:17:40.120 came with a hundred dollar ton carbon uh uh sequestration and hundred dollar carbon uh

00:17:46.200 taxes on it or industrial carbon taxes his company brookfield before he left on his way out

00:17:52.680 made the largest purchase of the largest pipeline in north america the colonial pipeline is literally

00:17:58.440 the aortic uh if you call fuel line for the entire country the united states of which is

00:18:05.160 the largest consumer of oil and products in the world so if it's not going to happen with your

00:18:10.360 own company where do you suddenly decide to pull this out of the thin air mark carney has been

00:18:15.880 trying to suppress his green credentials and his green move and so what he's trying to do is say

00:18:23.640 i'm bringing all things to all people at the end of the day i'm still very much a part of what i

00:18:28.200 wrote in that book values and i want net zero at all costs and he repeated that and it was and it

00:18:34.440 And it was in response. And folks, if you have not read this, read this. He's got your wallet.

00:18:38.940 OK, he was in response to a reporter, a media worker saying, hey, what about the environmentalists?

00:18:47.320 They're freaking out and saying that, you know, you're abandoning them.

00:18:50.660 And that's it was in response to that that he said, actually, it was way too low and now it's going to be much higher.

00:18:55.480 And then he repeated that he was the U.N. special envoy to climate whatever.

00:18:59.800 And he wrote this book like he he went right into that, Dan.

00:19:02.580 and then he said while he was saying oh that it was too low and now it's going to be six and a

00:19:07.020 half times higher in order to get investment he said that now Alberta government and Canadian

00:19:13.800 government have skin in the game does this mean like taxpayers are going to be on the hook for

00:19:19.840 this yes they are as you are currently with the second carbon tax the clean fuel standard Chris

00:19:24.860 you and I've done a lot of work in BC it's 16 17 cents a liter because it's two three four hundred

00:19:29.340 dollars per carbon credit we proved that because the federal government had mistakenly during its

00:19:34.160 time had to basically do in something called the regulatory uh impact analysis statement said for

00:19:39.340 every hundred dollars of carbon credit it's four cents a liter well we're not only talking about

00:19:43.760 you mentioned diesel we're talking about all fuels now are going to be impacted by this and no but no

00:19:48.820 pipeline in the world is going to be subject to this by the way venezuela has been pulling out

00:19:53.280 oil like nothing now unlike those who sat back and said oh venezuela won't be up and running for

00:19:57.540 five, 10 years. I tried five, 10 weeks. They're now supplying oil to the United States. They're

00:20:03.220 supplying oil to India. And they don't have concerns about pipeline. Russia doesn't have

00:20:07.600 that problem. Saudi Arabia doesn't have that problem. No one has that problem except in

00:20:11.040 Canada. So why do we impose on ourselves? Are we trying to be cute? Are we trying to be trendy?

00:20:15.780 Or we just have to try to go broke? Okay, let's shift. I was hoping you might dispel my

00:20:21.760 concerns but no it's true um all right let's quickly shift to the electrification grid

00:20:27.500 and how they were talking about going more on renewable to be fair they did mention nuclear

00:20:33.000 a couple of times um but i didn't see a lot of data didn't see a lot of stats

00:20:37.900 but it sounded expensive i saw a one commentator i think she was from the fraser institute forgive

00:20:43.660 me on twitter yeah taking a big picture of the people who were you know the the nodding heads

00:20:48.340 who are standing behind people on stage and she said that the people who were standing behind

00:20:53.680 them on stage this time wasn't oil companies but it was like power companies I haven't confirmed

00:20:59.460 that independently what is going on with this grid change how how is Carney saying we're going

00:21:06.020 to double our energy production for the grid like where is this money coming from what kind of

00:21:11.260 energy do they mean say where it's come here in Ontario for instance we've seen green energy

00:21:16.560 brought in 2009 by the same cast of characters behind Trudeau and Carney drive the cost of peak

00:21:23.160 hydro in this province from seven cents a kilowatt hour now to 20. And if it wasn't for the 8 billion

00:21:31.300 bucks the Ford government is taking in debt every year to mitigate that, it'd be 31 cents a kilowatt

00:21:37.420 hour. We are looking at a way to destroy ourselves. By the way, on nuclear, don't talk to me. I

00:21:42.840 represented a riding that had the first major large commercial reactors in the country. It

00:21:46.920 served a Pickering for 18 years. So don't tell me it's trendy, it's new, it's cute, or SMRs are 1.00

00:21:52.060 going to have somehow just small nuclear reactors. They serve such a small population. There's no way

00:21:57.380 you can actually have the dispatchability to be able to provide the baseload for modern societies

00:22:03.620 unless you build thousands of these at billions of dollars a year. You want to have an idea of

00:22:08.360 going towards a doubling to going towards electrification of our economy well even rbc

00:22:13.060 that love talked about climate initiative said it's going to be 1.3 trillion dollars you haven't

00:22:19.220 got the engineers you haven't got the technicians you haven't got the power workers you have not got

00:22:23.820 and nor are you going to get electricians to be able to do these things who the hell's going to

00:22:27.940 pay for all this and it's going to double the cost or triple the cost of energy we have to be

00:22:33.120 completely in leave of an absence of our own minds to allow something like this to happen

00:22:38.660 so guys like drifters like mark carney can go around saying well we'll make some money selling

00:22:43.480 heat pumps or we'll make some money because uh we've got a stake here at brookfield uh with

00:22:48.660 cameco uh and of course with uh uh not sylvania i'm trying to think the other name of the company

00:22:53.240 that they were involved with where they bought significant amounts of uh of uh new future

00:22:58.080 nuclear projections regardless of mark carney's own conflicts the reality is this is going to

00:23:03.760 lead to even higher hydro costs electrification will be a bit of a really it's going to be a

00:23:08.900 damaging to the economy but i guess he needs to improve the amount of evs in this country because 1.00

00:23:13.600 we have all these chinese uh for for you know four slice uh toasters on wheels coming into canada 0.99

00:23:20.420 and he needs to provide the energy for it's not about the ai it's not about other things because 1.00

00:23:25.920 you would use natural gas for that the reality is that this is really a pig in a poke he wants 0.66

00:23:31.460 people to believe that we can and should do this and he doesn't dig a damn about the consequences

00:23:35.560 i think the two announcements were intentional one to pretend he's helping the people on the

00:23:40.500 oil side which are bread and butter and at the same time doing something for the climate bed

00:23:45.120 fighters out there who really want to make sure that they have their own credentials as far as

00:23:49.600 electrification is concerned we don't have that money for this uh this kind of a fantasy uh nor

00:23:54.520 as any other country and we need to do something in balance we don't do that by the way we're going

00:23:59.240 to produce hydro in this country try to go flood 10 000 miles square miles of land see if you can

00:24:05.240 do that today given the permits that you require not to mention the environmental damage not to

00:24:09.640 mention the minerals that you have to extract and process which are the dirtiest forms of anti or

00:24:15.400 destructive environmental methods that you have this is what we call the green transition paradox

00:24:22.200 in order to achieve clean green renewable energy you have to destroy the the environment and doing

00:24:27.480 it canada cannot do that it's a conundrum and we're caught in this uh in this devil's barter

00:24:33.000 of our own making let's get the hell out of it drop net zero i say that to danielle smith i say

00:24:37.160 that to mark carney i say that to any sensible canadian who over the past 10 years realizes

00:24:41.640 we've uh driven the cut the the proverbial car right off the cliff even from some um who i would

00:24:48.120 describe as climate scientists back in the day when i was in british colombia they pointed out

00:24:52.280 that the the creation of big dams um in their perspective the flooding of all the vegetation

00:24:59.400 causes methane relation release so again there you are with the with the emissions 1.00

00:25:04.840 the indigenous people want this the ingenious people will not go along with this they don't

00:25:08.520 want a pipeline unless they have ownership they're sure as hell not going to let 10 000 acres 10 0.65

00:25:12.600 000 square miles like they did in the uh james bay projects or other projects in quebec ever

00:25:17.000 happen again so those things are out the window and the idea of nuclear takes years 30 40 years

00:25:22.440 to build these things smrs no one has one show me one these things are still at the test stage

00:25:28.040 they're still at the uh you know the pilot stage uh and then you can talk a lot about these little

00:25:32.680 widgets that you have but none of them are practical and so we're really whistling past

00:25:37.080 our own financial economic well-being here lastly uh you obviously do head up canadians for

00:25:43.320 affordable energy um let's just dream okay if we got rid of net zero if they got rid of all of the

00:25:50.880 carbon taxes and bill c69 and the tanker ban and all of that stuff okay basically you know rang a

00:25:57.440 dinner bell and said please come invest here please please please come and do it we're sorry

00:26:01.620 for all of those roadblocks sorry for the mess with kinder morgan all of that would we be able

00:26:08.060 to produce enough energy like both electricity and our gas and diesel that we need for our vehicles

00:26:14.220 in order to have affordable energy like what would that look like would that be mostly natural gas

00:26:19.720 power plants in the west would we be able to attract investors to build new can-do reactors

00:26:25.340 seriously like actual big ones i know they take like 10 years to build each but like is that vision

00:26:30.760 is that possible is that financially possible for canada if the government got out of the way

00:26:36.500 it's not only possible it has to happen or the country will falter economically i mean reality

00:26:41.980 is that no one can afford paying now chris one of the big things i talk about when i do my gas

00:26:46.520 price predictions and as you know i've been doing it for many years yes it's the fact that takes 40

00:26:51.080 cents you are now paying 40 cents a liter because the canadian dollar no one wants to invest in

00:26:55.440 canada we're a bad smell i hate to say it no one wants to touch canada because even if they were

00:27:00.020 to make investments even with the guarantees a government could change its mind bring in a bunch

00:27:05.040 of people courts which would block you this is not a very safe place to put money and we're the

00:27:11.680 only country in the world short of britain and we see what's happening to the starmer government

00:27:15.720 that's willing to go down this net zero nonsense this role that has been thoroughly repudiated

00:27:21.640 and we simply have to cling to this thing i don't know why but i can tell you one thing as a liberal

00:27:26.520 of many years it's not 2015 anymore we're 2026 grow up realize what's around you get a sense of

00:27:33.700 reality and let's get back to building and producing the things the world wants right now

00:27:37.840 if canada hadn't sat on its thumbs we'd be able to give the rest of the world three four million

00:27:41.800 barrels a day we'd make 30 billion bucks out of that that we could put against our debt

00:27:45.540 and at the same time we'd help bring down the price in the roof and every canadian be saving

00:27:50.160 40 cents a year in the price of gasoline imagine what that would do to dropping the price of food

00:27:54.580 dropping the cost of living while at the same time improving our quality of life anybody who thinks

00:27:59.840 that co2 is somehow this this terrible little uh you know gas that's going to kill everybody i don't

00:28:06.260 i the scientists are walking away from this if you don't like co2 stop exhaling

00:28:10.680 lastly um like to your point and i will point out back when former uh ndp premier of alberta

00:28:18.880 rachel notley announced her own version of a provincial carbon tax she had oil and gas companies

00:28:24.260 standing on stage with her hugging her and kissing babies okay so i'm just calling them out

00:28:29.260 I was very happy to hear them, though, maybe too late, leading up to this, pointing this out, saying this is not a good way to invest.

00:28:37.600 We're not going to be able to attract investment and money here.

00:28:39.980 This is going to cost us too much money and thus it will cost taxpayers too much money.

00:28:44.480 Now that the announcement is out, you've looked at the backgrounder.

00:28:48.360 Like, what do you think the oil and gas companies, the truly private companies are going to do now?

00:28:53.560 No, they're going to say someone else.

00:28:55.080 You know, we're not doing this and we don't have to do this.

00:28:57.800 you know this you know get along go along to get along is over and those and the harsh reality is

00:29:03.960 that many of those companies are now starting to think to get the hell out of the country or

00:29:07.080 invest their money elsewhere where they can actually build a pipeline where they can actually

00:29:10.600 approve uh projects that the world desperately needs you want you want to continue this idea

00:29:16.120 if you have to tax the daylights out of uh everything and to uh comply to someone's imaginary

00:29:21.880 role in mark carney's uh own little idea that the world now wants decarbonized oil 1.00

00:29:27.320 show me one country in the world that's stupid enough to do that and i will show you a stupid 1.00

00:29:31.160 electorate that's gone along with a guy who's not only a grifter and he's cute but this pied piper 1.00

00:29:36.920 has got to be exposed for the fact that he's trying to mollify and placate two sides here

00:29:41.480 the one side always won the green the grifters they got the money from the federal government

00:29:45.320 to go and tell them and and spin their message but the other side the economy the hard work the

00:29:50.200 people who are making this run this country run and providing a product the world has come to us

00:29:54.760 to ask for he's trying to mollify them as well and he shouldn't and i'm i obviously i'm disappointed

00:29:59.320 by danielle smith going along with it but she's probably between a rock and a hard place for 0.59

00:30:03.400 corporations to go along with this as they did 15 years ago toodle too late next time smarten up

00:30:10.760 wake up and recognize that when they're coming after you they're not trying to be nice they

00:30:15.080 want you gone they want to bury your product in the ground and with it the canadian economy and

00:30:19.640 no one has the right to destroy what makes our country successful you don't like this

00:30:23.720 please leave there's the door and take your charitable organizations and foundations from

00:30:28.440 other countries with you that don't get any type of scrutiny or review because you're not charitable

00:30:32.920 organizations you're political activists and you have to be subject to significant scrutiny

00:30:37.720 if not oversight and audits i know you got to go but to your point and i'm trying to be fair 0.84

00:30:44.280 uh the premier is stuck between a rock and a hard place she's got people saying we want pipelines 1.00

00:30:49.160 we want this, we want that. She wants the production cap lifted. She wants the energy 1.00

00:30:54.180 regulations for electricity production lifted. And I'm hearing from Edmonton basically this.

00:31:01.560 As everybody knows who's watching this show, Pierre Polyev famously campaigned on getting

00:31:05.600 rid of all carbon taxes, stopping Bill C-69, getting rid of the West Coast tanker ban,

00:31:10.060 all of the things that Dan and I just talked about for 20 minutes. And I'm hearing from

00:31:15.800 Canventon, something that goes along this line, Dan. Well, Polyev didn't win. What do you want

00:31:21.480 us to do? We want to build pipelines. We want to get things going. We want to lift our production 0.75

00:31:26.580 cap. What do you want us to do? And I kind of heard that tone when Smith just told reporters,

00:31:33.440 if I had my druthers, this would be 50 bucks a ton and not what it's going to be, which is way

00:31:38.800 more. What do you say to that? Well, state of Canadians who voted for the liberals at the

00:31:45.780 bad policy that is destroying the nation more than the other policy is this policy which is

00:31:50.400 undermining the country and never mind the geopolitical or tensions within the federation

00:31:55.160 this is sapping the very economic lifeblood out of the country i would say to those anywhere that

00:32:02.440 getting a pipeline is built but perhaps it's best to put our fate with the with the united states

00:32:07.500 and get pipelines built to there they're willing to do it they have to do it in this term obviously

00:32:12.200 because the democrats get in they're going to turn it over as they did with the keystone xl pipeline

00:32:17.200 i suspect that this thing on is going to be kicked around for a long time but mark my words unless

00:32:23.880 it's public money and a lot of it borrowed money that your kids and grandkids are going to have to

00:32:28.940 pay for which the taxpayers federation will be right on to this thing is not going to get built

00:32:35.380 because no company in its right mind thinks that you need to decarbonize as a means of getting oil

00:32:41.060 the world is desperate. We're down. We're in an energy crisis right now. We shouldn't even be

00:32:45.180 having this bloody discussion. And for people to be completely ignorant to that defies any type 0.98

00:32:50.460 of logic and it suggests perhaps a reset is needed in Canada, a reset that puts Canadians back in

00:32:55.220 touch with reality. Without the energy sector, you're dead in the water, much like this MOU.

00:33:00.720 Dan McTague, thank you so much for fighting for Canadians. Much appreciated. Once again,

00:33:06.200 And that is Dan McTague. He is the head of Canadians for Affordable Energy. Remember how over the last few decades, you'd hear that smart guy on talk radio say, fill up tonight because you're going to have an eight cent or 10 cent per liter jump, you know, tomorrow at the gas pumps. That's Dan McTague. That's Gas Buddy Dan online.

00:33:24.560 So he was out there before all the apps were available and he watches the market so closely.

00:33:31.140 He's the one that's able to tell you how much British Columbia, for example, is paying in the second carbon tax, right?

00:33:37.100 The low carbon fuel standard and now has been taken national because Trudeau saw the price of gas in Vancouver and thought that was awesome.

00:33:44.560 Wanted to make that a federal thing.

00:33:46.180 And Carney's going right along with it.

00:33:48.360 Nothing's changed, folks.

00:33:49.660 Just the guy at the leader of the band.

00:33:51.540 So if you do not yet get the newsletters and all of the updates from Canadians for Affordable Energy, go click on them now.

00:34:00.580 Go sign up right now because the analysis, the experience, it's just irreplaceable.

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Juno News - May 18, 2026

Alberta signs pipeline deal with Ottawa — but at what cost？

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