00:04:20.460that we were having a year and a half ago.
00:04:22.160So whatever flirtation the decision makers
00:04:27.600of a particular perspective had for the last 10 years
00:04:29.900the world could run on solar and winded batteries, I think that that has now been completely
00:04:34.620dismantled. And now we have a more honest assessment of what it is that we're going
00:04:38.700to need to ensure that the world has enough supply of oil and gas to fuel our growth and
00:04:43.780to make sure that we're managing quality of life issues and also to be able to manage
00:04:46.860through these kinds of unexpected disruptions.
00:04:49.800Back on March the 9th, and we have a clip of Energy Minister Tim Hodgson. He said that
00:04:54.580Canada was already an energy superpower, and that his government was already fast-tracking
00:05:00.220projects like the Taylor to Gordondale Pipeline, for instance, and the Sunrise Expansion Project.
00:05:07.100Let's listen to that clip. I'd like you to weigh in on it.
00:05:10.560Mr. Speaker, Canada's an energy superpower, and last year, Canadian oil production reached
00:05:14.960a record high. No one can predict the future of energy markets, but our allies are looking for
00:05:20.500stable reliable energy supplies in an increasingly uncertain world that's why we're fast tracking
00:05:26.900projects like the tailored to gordondale pipeline that's why we're fast tracking projects like the
00:05:31.700sunrise expansion that's why the tmx optimization is moving forward mr speaker we are helping solve
00:05:38.260the world's affordability problem now i looked into that and i found no evidence that those
00:05:44.980projects were being fast-tracked by Ottawa, and that was either one of them, that they've followed
00:05:51.300pretty much the standard regulatory process. Is the minister, is Ottawa in general lying about
00:05:56.820fast-tracking energy projects? And if so, why?
00:06:00.100Well, I would say they're actively not standing in the way of them anymore. You have to remember
00:06:04.660that, especially in the last four years, we had policies emanating from the Environment
00:06:10.180department and Stephen Guibault's office in particular, that were clearly designed not only
00:06:15.280to slow down projects, but to shut them in. If we'd continued on with emissions cap, we would
00:06:19.880have been talking about shutting in 2.1 million barrels per day. So returning to a normal
00:06:25.540regulatory process where we can figure out the technical specifications and ensure environmental
00:06:30.060issues and landowner issues and First Nations issues are resolved, that's just good practice.
00:06:34.760And so I would say that the active obstruction has stopped. And now I guess we'll see if the
00:06:39.740proactive enhancement will commence at pace. That's what we're hoping on with the proposal
00:06:48.380in the major projects office. We'll see whether or not the federal government is committed to truly
00:06:53.740advancing some of these major projects. But we're going into the process with good faith.
00:06:58.780We've gone into our MOU discussions with good faith. We're making good progress at that table
00:07:02.540there as well in addressing outstanding issues. But what you just heard from the energy minister,
00:07:09.020rewind 16 months ago you were not hearing that from the energy minister or the environment
00:07:14.140minister even the prime minister that that long ago so i think that there has been a recalibration
00:07:19.740i think the world has had a recalibration we welcome it we're we've we've stayed in the same
00:07:23.980position we've always had that the world needs more canadian energy more alberta energy in
00:07:27.900particular and we're glad to see that that politicians uh that have historically been
00:07:32.380opposed to that in recent years have now changed their tune on that that's i that's i think positive
00:07:36.380for the country. I'm just not sure that the minister isn't playing fast and loose with
00:07:40.920terms like fast tracking, because, you know, not obstructing isn't quite the same as fast tracking.
00:07:47.480But obviously, they're feeling the pressure. And, you know, is that why you think they're using
00:07:52.760these types of terms and suggesting that no, Canada is a number one, you know, energy superpower?
00:08:00.240I mean, feeling the crunch here? Are Canadians starting to get it?
00:08:04.160Well, I think Canadians got it a long time ago, and we have been aiding in that. Last year, we did the first part of our major reserve study in Alberta, because I was watching as Yahoo Finance and various other popular finance articles were doing infographics that didn't even include the incredible resources we had in Alberta.
00:08:24.840I saw one where they were talking about oil reserves and Canada was not even on the map.
00:08:28.760So another where they did the natural gas reserves and they said, yeah, Canada has natural gas, but it's all in Nova Scotia.
00:08:34.720And so we at last year at the Houston CIRA Week, we revealed that we have 167 billion barrels of recoverable reserves.
00:08:43.780We've got 1.8 trillion in place. So as the technology improves, we'll be able to develop more and more.
00:08:48.460I just got an update. It's now 177 billion barrels because that work has been complete.
00:08:53.560and we also have 1.4 quadrillion cubic feet of gas, of which 144 trillion cubic feet are
00:09:00.120recoverable at today's technology. And that doesn't even talk about the immense oil and gas
00:09:04.740resource well that is offshore in Newfoundland, New Brunswick, and Nova Scotia, or the incredible
00:09:11.380gas resources available in Quebec. So I hope that all of those other provinces do the same kind of
00:09:17.920reserve study that we have because Alberta alone is an energy superpower, but Canada, if we
00:09:23.720developed all of our resource potential, truly we'd be able to continue to increase in reliability
00:09:30.900and also increase our global supply. When I look at our opportunity in Western Canada,
00:09:38.220it clearly is oriented towards our Asian markets. But if you look at the opportunity in Eastern
00:09:43.340Canada is oriented towards helping our European friends and we should be encouraging all of those
00:09:49.820premiers and the federal government to fast track those proposals too.
00:09:52.780Do you think that if the Kearney government manages to get a working majority by way of
00:09:58.700floor crossing that helps or hurts Alberta's goals in terms of getting more pipeline construction?
00:10:05.420I, if what we're seeing in the first months of Carney's tenure as Prime Minister is to remain consistent, then I think what you could see with a majority government is that they will now have the means to be able to move along and change the legislation in an expedited way.
00:10:25.780Like when you can, when all of your proposals and legislation can be derailed at committees because you don't have a majority, I can see perhaps why they have been reluctant to move forward at pace on that.
00:14:09.900And so when I met with the prime minister, I said, we've got to solve this problem.
00:14:14.020We've got to give Albertans hope again.
00:14:15.680The fact that you have anywhere from a million to a million and a half adult voting Albertans thinking that the country doesn't work,
00:14:22.960that should be something that both myself and the prime minister take seriously and we have.
00:14:27.000And so I think it's part of the reason why we were able to negotiate on an MOU and we're working through at least some of the major pressure points, not all of them.
00:14:34.400I mean, there's obviously a difference in perspective that we have about other issues, things like immigration, things like gun control that continue to be pressure points as well for that movement.
00:14:43.960But a lot gets solved if people can invest, if they can have a good paying job, if they can take care of themselves, their families and their communities, and they're not feeling like they're being actively suppressed by their federal government.
00:14:55.520So I would say that the work that I am doing is to try to give people hope again and to demonstrate that Canada can work.
00:15:01.880And as we start making some strides, I'm hopeful that that is going to be less of a factor.
00:16:13.240That's, I think, to the detriment of the country.
00:16:15.360And so I regularly make trips out east,
00:16:17.820going to Ottawa, going to Toronto, going to Montreal.
00:16:20.340And I would say when I meet with the business community,
00:16:23.300they tell me, how can we do business together?
00:16:25.680And we're looking at ways that we can continue to do investment.
00:16:28.980We just had a major investment from a Quebec-based company,
00:16:31.600CAE, developing out a massive new training center
00:16:34.260for flight attendants and airline pilots with WestJet.
00:16:38.480And they want to do more as we continue to build out the defense spending.
00:16:42.460We've got four major bases in Alberta, and there's a lot of collaboration that we can have with both Ontario and Quebec defense businesses in order to be able to meet our collective national and international goals.
00:16:55.360So I would say there may be some of the commentariat who have a particular perspective.
00:17:01.200I don't know that that represents very well the business community or people in general.
00:17:05.460And so, that's why I continue to make the case that a strong Alberta means a strong