The National Telegraph - Wyatt Claypool - August 28, 2025


Carney FAILS to get anything done - Poilievre calls him out for hypocrisy

Hosted by
Wyatt Claypool
Mentioned
Mark Carney Justin Trudeau Pierre Poilievre Politico Tim Hogson Poliev Karni
Exposing Fake Conservative running for Calgary mayor! Carney's Green bank alliance collapses after Trump ends support!

Episode Stats


Length

19 minutes

Words per minute

171.43

Word count

3,340

Sentence count

221

Harmful content

Toxicity

11

sentences flagged

Hate speech

3

sentences flagged


Summary

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

We had been hearing for years from Justin Trudeau's Liberal government that there was no business case for shipping liquefied natural gas to Europe. Now, a few days ago, we have a clip of Mark Carney saying that there is a business case.

Transcript

Transcript generated with Whisper (turbo).
Toxicity classifications generated with s-nlp/roberta_toxicity_classifier .
Hate speech classifications generated with facebook/roberta-hate-speech-dynabench-r4-target .
Hosts, guests, and mentioned names generated with spaCy (en_core_web_sm), reconciled against Wikidata.
00:00:00.000 Hey guys, Wyatt Claypool here. We had been hearing for years from Justin Trudeau's liberal government that there was not a business case for shipping liquefied natural gas to Europe, even after the outbreak of war between Russia and Ukraine, when the rest of Europe was trying to get off of Russian oil and gas products.
00:00:21.020 We literally had the then-Chancellor of Germany, Olaf Scholz, come to Justin Trudeau and effectively beg him to try and ship more LNG to Europe, and Justin Trudeau rejected him.
00:00:33.720 Now recently, Mark Carney was going on a trip through Europe and actually got called out by a German reporter for claiming to be willing to send more resources Germany's way, including LNG, but we have not actually built the capacity to do so.
00:00:51.020 Carney was called out on this and looked like a complete amateur, making a bunch of promises that didn't really mean anything, and like it being years away from him actually being able to increase LNG exportation capacity.
00:01:04.020 And now in the aftermath of all this, we have the liberal energy minister now throwing Justin Trudeau under the bus, despite the fact that Mark Carney was his economic advisor for five years and has been very much on board the whole energy transition agenda.
00:01:21.120 But here is this video clip of him now talking about the current business case for LNG that apparently didn't exist before Carney flip-flopped as of a few days ago.
00:01:31.360 I think there was a view prior to a few years ago that the need for natural gas would be relatively minor and relatively short term.
00:01:43.840 And I think what we all realize post the Ukraine, post what's happening with AI, that natural gas is going to be a transition fuel that's in greater demand in Germany and for a longer period of time.
00:01:58.760 How did this take them this long?
00:02:01.860 Oh, it was because of the outbreak of war between Russia and Ukraine.
00:02:05.200 When Russia invaded Ukraine, then we figured out that maybe oil and gas products are needed.
00:02:10.300 Well, Russia invaded Ukraine back in 2014.
00:02:15.260 In 2022, they basically just extended the invasion. 0.90
00:02:19.440 The idea that they only figured out this thing in the last few years is patently ridiculous.
00:02:23.780 No, they were ideologically opposed to a good idea.
00:02:27.840 And now that they are being absolutely reamed on so many other issues, they are having to try and moderate a little bit on this energy one.
00:02:35.520 And by the way, I am happy to see them try and get anything done. 0.99
00:02:39.300 But they are complete hypocrites. 0.83
00:02:41.180 And I still don't really trust that they're going to take this issue seriously enough to actually make significant progress in the next few years on trying to increase our LNG exportation capacity. 0.93
00:02:52.120 Because the way that Carney has been talking is that, oh, there's projects around the corner that we're going to be approving.
00:02:57.600 And then he wants to just open up the office of major projects this next week.
00:03:03.900 He was announcing, we have a big major projects announcement next week.
00:03:07.820 And then it turns out we are announcing that there is an office that may consider approving major projects for fast tracking in the future.
00:03:14.940 But also, we're still not going to go around any indigenous consultations.
00:03:18.320 And we're still going to be doing all the environmental hoop jumping that has been slowing down projects in Canada for years and making them not economically viable.
00:03:27.280 In any other country, these things are highly economically viable, but not in Canada because we have terrible policy.
00:03:34.260 And so I want to, I think, do we have any more with this clip?
00:03:38.220 Yeah, we'll keep going with him.
00:03:39.720 But then I want to jump over to him specifically throwing Trudeau's government under the bus, Pierre Polyev's response.
00:03:46.380 And then also somebody, I believe it was an ambassador from Poland, just pointing out how obtuse it's been for Canada not to be increasing capacity since everyone would be lining up around the street in order to buy from Canada.
00:03:59.740 Canada has the opportunity to be a great partner to Germany in that regard.
00:04:06.280 What has changed is, as of June, Canada started shipping its first LNG shipments.
00:04:15.340 We have the enviable situation of producing the lowest carbon footprint natural gas of any country in the world.
00:04:25.160 It's because of the way we liquefy the natural gas.
00:04:30.400 We do it with clean energy.
00:04:32.880 And so that's a tremendous opportunity.
00:04:35.360 And that's, that isn't even necessarily true.
00:04:37.840 We, it's just that it's a very efficient system.
00:04:40.140 I guess there's maybe some, like, there are some, like, companies that do it with pure green energy for the process of, you know, turning it into liquefied natural gas for, you know, for exportation.
00:04:56.400 But why is he sounding suddenly like a conservative?
00:04:59.780 Again, I don't trust that they're actually going to be getting that much done.
00:05:02.740 But it's kind of remarkable just how a bad news cycle can change the Liberals' opinion on a major issue like this.
00:05:09.020 Because if a lot of other things had been going Mark Carney's way, they would just stick to a lot of liberal orthodoxy type positions.
00:05:16.280 But here is this article from the Calgary Herald that reads,
00:05:20.080 Carney has opened the door to Canada LNG exports.
00:05:23.200 One closed by Trudeau government says a liberal natural resources minister.
00:05:26.960 So down here, it says, it's a quote from him.
00:05:31.280 And it says, quote,
00:05:32.020 Unlike the previous Canadian government, which closed the door to LNG exports, Prime Minister Mark Carney's government has opened them.
00:05:39.700 Natural minister resource Tim Hogson told business leaders on Wednesday in Berlin, quote,
00:05:45.000 And this is what I've highlighted in other videos that worries me that while the language is sort of right,
00:06:09.320 except around the constantly needing Indigenous buy-in and consultation, if it's a nationally beneficial project,
00:06:16.200 at some point you just have to fast track your way through any consultation.
00:06:20.180 There's no duty to consult for years and years and years when it is a project on paper and in reality,
00:06:27.980 which will benefit Indigenous people and make everyone's lives better.
00:06:31.220 But the way they keep talking about this, there's always caveats.
00:06:34.680 If you can get buy-in and if there's private sector funding, which, again,
00:06:39.560 the problem with that is because all the other hoops and all the other bars that you have to clear to get the project up,
00:06:44.500 oftentimes private companies won't put up the money because the government has made it impossible to actually build.
00:06:50.920 And so they're saying if a company will put up the money, you can get all the provinces on side
00:06:55.680 and you can get Indigenous bands on side and probably throw in a few other groups like environmentalist groups.
00:07:00.900 If you can do all that, we may take a good look at it.
00:07:05.000 It's like, that means nothing.
00:07:07.520 And Polyev is right for saying that they've not approved any projects.
00:07:12.400 It's their duty to pick projects or even just say we would love to build a pipeline here.
00:07:18.240 Any companies who want to work with us, jump on board.
00:07:21.220 They don't do that.
00:07:22.060 They keep it vague.
00:07:23.300 If a company proposes a project to us, we might say yes.
00:07:26.080 So here is Peer Polly of responding to the recent flip-flop on energy policy that the Mark Carney liberal government has been going through.
00:07:38.480 Well, I'm glad that Mr. Carney has noticed my proposal from three years ago to develop the port of Churchill,
00:07:44.880 which I proposed back in the spring of 2022.
00:07:49.320 But what I find incredible is that he has been in power for 170 days.
00:07:55.980 And not only is there not a single shovel in the ground on any of these projects,
00:07:59.900 there's not even firm proposals for these projects.
00:08:04.180 Let me put this into context.
00:08:06.040 He was in Germany.
00:08:07.780 The Germans built from concept to completion an entire LNG import terminal in 194 days.
00:08:15.320 That's about how long Mark Carney has been prime minister.
00:08:19.600 And he still doesn't even know what projects he wants to build or how he's going to build them or which companies are going to do the building.
00:08:27.300 So what I think you're going to see from Mr. Carney is more big promises without any action.
00:08:33.500 It's more liberal show business rather than getting it done.
00:08:39.160 And I would say don't confuse activity with achievement.
00:08:44.120 I wouldn't even call what the liberals are doing activity.
00:08:48.200 It's more words.
00:08:49.940 And people say talk is cheap.
00:08:52.100 But the problem is that the liberals are not even really talking about projects like what Polly was saying.
00:08:58.620 It's not just him.
00:08:59.300 It's tons of people out there.
00:09:00.960 What he is pointing out is that, again, a serious government who would want to get something built
00:09:06.480 could have at least made some vague statement about what they would like to achieve.
00:09:11.620 But, again, their big announcement was that they're opening an office of major projects that will take a good look at these things if you get all these other things already lined up.
00:09:21.800 So if a private business, a private company, is willing to quarterback this all the way, get everyone on site, the government might say yes.
00:09:31.620 And it's like, okay, well, that's why there's no business case in Canada.
00:09:35.500 And it's not because the government should be involved and we need more government support.
00:09:39.420 I am not a big fan of government subsidies.
00:09:42.480 What I need is for the government not to complicate the process so much that the free market can't properly work.
00:09:48.260 That's always the obnoxious thing about people saying there's no business case, as if the free market has somehow failed.
00:09:54.340 It has not failed.
00:09:55.440 The government is failing the free market by constantly meddling and not letting it function and then just basically executing projects on the spot and saying, no, there's no business case because we said so, basically.
00:10:06.860 We have made all of the bars you have to cross so high that nobody could possibly cross them and then we act like this is just a failure of the free market when we have other jurisdictions doing the projects that we say there's no business case for in more difficult places to make those projects succeed.
00:10:28.160 It's absolutely ridiculous, but I'll get back to Polly here.
00:10:30.920 Karni has been frantically jetting around the world doing photo ops and signing phony declarations that are unenforceable and have no money attached to them.
00:10:40.620 But in 170 days, he doesn't have a single project underway while $60 billion of investment, Canadian money, has fled our country, mostly to the United States, impoverishing our people and enriching foreign workers.
00:10:56.600 And that is also a big thing here.
00:10:58.440 Yeah, we have a lot of capital flight leaving Canada right now because it's just not a good bet for investments.
00:11:04.780 It doesn't mean that you can't make a go of it.
00:11:06.580 You can't have a highly successful business in Canada.
00:11:09.520 But the world market is naturally competitive.
00:11:12.820 And unless you're going to make your corporate tax rates and regulations and ability to get permits for things like major projects, making that easier, naturally people will go where it's easier.
00:11:22.660 Even if the literal environment is more difficult to work with, places where the oil and gas industry is tougher to make work.
00:11:30.520 It's like, you know, on the low end, it's like Saudi Arabia and Qatar are the easiest places on the planet to be a profitable oil and gas company.
00:11:37.060 Stick a straw on the ground and you're in business.
00:11:39.440 Places like Iran, places like Venezuela, even Texas are tougher to work with than the Canadian oil and gas industry.
00:11:47.360 Canada is actually a pretty easy one to work with.
00:11:49.520 But we constantly are complicated just from how bad the government policy is.
00:11:55.440 And so who would want to bet on this one because of all those regulations, regulatory hurdles holding you back?
00:12:01.900 I'll let this finish up.
00:12:03.080 But then I want to jump over to the liberals trying to celebrate all of those meaningless declarations because, again, they have nothing to market right now.
00:12:11.140 There's just no real achievements.
00:12:12.720 And I'm not expecting world-changing achievements from a government within, like, 170 days.
00:12:19.360 I want something, though, like activity, like just signs of life from Carney's government.
00:12:25.560 Something that isn't just going and talking to another world leader about nothing.
00:12:30.220 So what I'm saying to Mr. Carney is I'm extending the hand of friendship to all parties.
00:12:35.080 Adopt the Canadian Sovereignty Act, which will rapidly legalize pipelines, mines, LNG plants, ports, open our economy up to the world.
00:12:46.340 It will get rid of the capital gains tax on any reinvestment that is done in Canada to make our economy roar.
00:12:54.640 Our workers will have paychecks that grow.
00:12:56.920 Our economy will be self-reliant.
00:12:59.040 And I say to Mr. Carney, steal my ideas.
00:13:01.500 Take the credit for it.
00:13:02.400 I'll help you write the bill.
00:13:03.360 You can be the one to introduce and pass it.
00:13:05.480 Let's just get it done.
00:13:06.920 It's time to stop stopping and start starting.
00:13:09.580 I think that he's had it.
00:13:11.700 I don't want to talk too much just about what the Conservative Party is doing and strategy. 0.97
00:13:16.620 But I genuinely do think it's been a very good shift that while Poliev is on the attack, as he should be in opposition, it's more of that, you know, steal my ideas kind of tongue-in-cheek, you know, you guys suck at your jobs. 0.95
00:13:30.500 Let me do it for you.
00:13:31.720 I think that is actually going to be paying Poliev big dividends because while I think it's overwrought, you do get the complaints that, oh, he was too negative.
00:13:40.780 He was too dour in the lead up to the election.
00:13:43.900 He's, you know, he needs to be more positive.
00:13:46.060 And while that can sometimes be a childish criticism, you know, if it takes a slight tweak in your tone, it takes a slight tweak in the delivery to silence those criticisms, it could be worth it as long as it's not watering down the message.
00:13:58.260 And I don't think that's what's going on here.
00:14:00.760 One more post I wanted to read from Poliev, and then I want to jump over to the Liberal Party.
00:14:05.500 But Poliev, quote, tweeting this story from the National Post saying Canada currently has only one operational LNG export facility, but it's on the West Coast.
00:14:15.380 Which is not great if we want to actually export to Europe.
00:14:19.760 And so Poliev says 18 LNG export terminals have been built between the Americas and Australians in nine years, while liberal anti-energy laws force us to sell to the Americans at a discount and block projects that would get our product to Tidewater.
00:14:34.940 And then he keeps going on about the things that need to be repealed, all the anti-pipeline laws.
00:14:40.800 Yeah, it's bad.
00:14:41.580 And this is a great issue for the Conservatives to be messaging on, because even as the Liberals are trying to sound, frankly, more conservative on the issue, people rightfully don't trust them.
00:14:52.200 So I'm just jumping over to the Liberal Party now to see what they're talking about today.
00:14:58.120 Well, it's not unsurprisingly, it was the thing I was mentioning before.
00:15:02.120 They are trying to give themselves a big pat on the back for these supposed big accomplishments to the right here.
00:15:09.940 So what they're trying to celebrate here is this that says, Carney delivers message of solidarity in Ukraine on its Independence Day.
00:15:18.640 OK, that's like, what was he going to do? 1.00
00:15:22.860 Tell them, like, give up, you know, you suck. 1.00
00:15:25.820 Like, that's not an achievement. 1.00
00:15:27.580 We have this one from City News.
00:15:29.040 It says, in Warsaw, Carney deepens Canada's defense, trade ties with Poland.
00:15:34.200 How?
00:15:35.740 Like, he showed up and didn't slap the, like, the Polish Prime Minister.
00:15:41.480 Like, that doesn't mean anything again.
00:15:42.920 Like, are we sending them more resources?
00:15:45.440 Again, we don't have the capacity to.
00:15:47.760 We don't have an arms or armaments industry.
00:15:50.300 So, no.
00:15:52.260 OK, so there's that.
00:15:53.540 It really should show you how propagandistic the media is.
00:15:57.360 That it's not just that.
00:15:58.700 I would say a more neutral headline is that Mark Carney goes to Poland to talk about Canada-Polish relations and defense.
00:16:07.120 That's neutral.
00:16:07.820 It's, you know, totally good characterization that that's what they talked about.
00:16:12.940 But saying he's deepening our ties.
00:16:14.980 It's like, did he?
00:16:16.440 Or we just, we're in a holding pattern.
00:16:18.880 What was the, were we on shaky ground with the Poles? 1.00
00:16:21.580 Were they going to invade?
00:16:23.660 No.
00:16:24.020 Were we at odds?
00:16:25.200 No.
00:16:26.080 If anything, they still probably find us a little bit silly because we never actually do anything.
00:16:30.540 We just say stuff.
00:16:31.660 But, you know, I guess we deepen ties because we showed up.
00:16:35.040 But this next one from Politico, and goodness, if you're citing Politico for, like, good headlines, just quit.
00:16:42.040 Politico says Germany and Canada announced deeper ties on critical minerals and defense.
00:16:46.260 And, again, what deeper ties?
00:16:48.180 He got called out by a German reporter for fibbing, for effectively promising things that he cannot deliver.
00:16:53.700 And CTV News then says Canada commits to extending NATO mission in Latvia for three years.
00:17:01.760 Do you know how many troops we have stationed in Latvia?
00:17:05.160 And I heard that we were, like, the first country to send troops into Latvia to kind of, like, gird up defenses in case Russia tried to invade Latvia.
00:17:12.380 Although that was going to be pretty, pretty slim chances.
00:17:15.760 Russia actually has a pretty basket case military that's not very efficient.
00:17:20.360 And so they're having a hard time with a NATO-armed Ukraine who has far less troops but, you know, obviously gets to sit back in defensive positions.
00:17:30.420 They're not invading Latvia.
00:17:31.840 But, you know, fair enough.
00:17:32.640 It's a good thing.
00:17:33.540 We have 150 troops in Latvia.
00:17:36.600 And what does this really mean?
00:17:38.380 It means that we send Canadian troops to a base in Latvia.
00:17:42.400 These troops that would have been in Canada if we didn't send them to Latvia, which costs us a little bit more money for them to be stationed there.
00:17:49.000 I'm not sure if Latvia subsidizes them.
00:17:50.960 Who knows?
00:17:51.480 But why?
00:17:53.020 These are not achievements.
00:17:54.780 This is just, like, readouts of the most boring things an actual competent government would be doing on any given day.
00:18:02.440 But what's not a competent government?
00:18:03.760 So we have to go and find these, like, almost North Korean style, like, oh, wow, Mark Carney went out and bowled.
00:18:11.080 He played a round of golf.
00:18:14.560 Just this, like, we act like everything they're doing is, like, amazing.
00:18:18.460 Wow, they deepened our ties with Poland?
00:18:20.700 No.
00:18:21.620 We didn't have any frayed ties with Poland.
00:18:23.820 Were our ties at risk?
00:18:27.320 Were we at risk with Germany? 0.99
00:18:29.340 We may be at risk with Germany because we looked like clowns at that press conference. 0.91
00:18:33.220 But, you know, that's neither here nor there.
00:18:35.620 But that should be it for this video, guys.
00:18:38.300 I think this at least probably gives you a good overview about how the liberals are trying to position themselves on this energy issue.
00:18:45.320 Maybe they approve a pipeline.
00:18:46.860 Maybe they approve a port that gets built pretty quickly.
00:18:49.560 If they do, they deserve some credit.
00:18:51.380 But it's been pathetic that after 10 years of this government being in power, we're going to have to give these guys credit for, like, finally getting something done that any Western country could get done within months.
00:19:04.760 Again, as Polly have pointed out, Germany was able to build a new port with LNG capacity in 194 days.
00:19:13.280 And we haven't been able to get one done in hundreds and hundreds and hundreds, thousands of days.
00:19:19.260 But, you know, whatever.
00:19:20.860 So that's it for me today, guys.
00:19:22.740 Make sure to like this video, subscribe to the channel, leave a comment, do all that fantastic stuff.
00:19:26.960 And I will see you guys all later.