Trudeau's latest attack on Canada's energy sector
Episode Stats
Words per Minute
142.66095
Summary
Bill C-48 and C-69 are the federal government's latest attack on the Canadian energy industry. They are designed to prevent any attempt to run an oil pipeline from Alberta to Prince Rupert, B.C.'s North Coast. This comes on the heels of a recent survey that showed confidence among Canadian exporters at the lowest level since the European debt crisis seven years ago.
Transcript
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The just-passed bills, C-48 and C-69, are just the federal government's latest attack on the Canadian energy industry.
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C-48 is the so-called tanker ban on BC's North Coast.
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It is now the only piece of coastline in the world where tankers are banned.
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Tankers move oil from Alaska to Puget Sound every day, so the ban will do nothing about them.
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It is solely designed to prevent any attempt to run a pipeline from the oil patch to Tidewater in Prince Rupert.
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It is aimed squarely at the province of Alberta, the primary oil-producing region in the country.
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The government talks about protecting our pristine coastline and the adjacent area to the Great Bear Rainforest,
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which in itself is a fabricated term by the eco-loonies that seem to hold so much sway with the Trudeau government.
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Bill C-69 is little more than a regulation creator to make bringing any energy megaproject to life next to impossible.
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Neither of these two laws, just approved in the Senate, will do a single thing to help Canadians or make our lives better.
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Quite the contrary, they act as a throttle to the energy industry, which is the engine of the Canadian economy.
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This comes on the heels of the annual survey by Export Development Canada,
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which showed confidence among Canadian exporters is at the lowest level since the European debt crisis seven years ago.
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Governments have a role to play in the economies of their countries.
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The government of Justin Trudeau has done damage to the Canadian economy with their virtue signaling on gender equity,
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their failure to negotiate a new NAFTA agreement while Mexico and the U.S. hammered out an agreement,
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The imposition of a carbon tax and higher payroll taxes on business are job killers, and they're inflation triggers.
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Canadian GDP is staggering along, in positive territory, but just barely.
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Contrast this with the economy of our neighbour to the south, which is on fire.
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GDP is growing there at rates higher than 3% per quarter.
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Unemployment is at historical lows, especially among minorities, who are reaping opportunities many never even dreamed of.
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The U.S. has added over 500,000 manufacturing jobs many thought were long gone,
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which President Obama even said you'd need a magic wand to bring back.
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Canada and the U.S. are each other's largest trading partners,
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with over $2.6 billion worth of goods crossing the border every day.
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All President Trump did was lower business taxes, personal taxes, and eliminate thousands of business-killing regulations.
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In other words, he got the government out of the way of business and allowed his economy to flourish.
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Trudeau, on the other hand, has increased cost to business,
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and enacted legislation to ensure the sector that drives the Canadian economy is hampered,
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and new investment has almost dried up entirely in the energy sector.
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Trudeau placed his government firmly in the way.
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