The National Telegraph - Wyatt Claypool - October 02, 2025


Carney's big pipeline LIE is being exposed! Danielle Smith calls his bluff

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Summary

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

When Prime Minister Mark Carney promised that he might approve a pipeline, well, Alberta Premier Danielle Smith and her UCP government is putting that to the test. They are willing to put $30 million on the table for a West Coast pipeline, but will it be enough to get the federal government on board?

Transcript

Transcript generated with Whisper (turbo).
Misogyny classifications generated with MilaNLProc/bert-base-uncased-ear-misogyny .
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00:00:00.000 Hey guys, Wyatt Claypool here. Remember when Prime Minister Mark Carney promised that he
00:00:06.520 might approve a pipeline? Well, Alberta Premier Danielle Smith and her UCP government is putting
00:00:13.460 that to the test. I've always thought that what Mark Carney was doing was merely rhetorically
00:00:19.380 shifting. Before he became Prime Minister, he was very staunchly anti-pipeline, anti-oil and gas
00:00:25.660 development, at least in Canada. And after becoming Prime Minister and having to run in the federal
00:00:31.160 election, he had to moderate his rhetoric. So he said, well, of course I'll approve a pipeline if,
00:00:38.160 and then the list of ifs is very long, and it means basically no. Mark Carney has just merely
00:00:44.340 outsourced saying no to other parties, which are Indigenous groups, environmental groups, as well
00:00:50.260 as other provincial governments. And so Danielle Smith, by saying that the government's willing to
00:00:55.240 put $30 million on the table for a West Coast pipeline, is showing just how stupid the approval 0.99
00:01:01.740 process is for a pipeline within this liberal government. It's basically saying, well, if you 0.99
00:01:06.920 do an impossible task of getting every single person to agree, then I will also agree. It's stupid. 1.00
00:01:13.980 Anyways, before we get into the details of this, guys, I just want to remind you, if you like the show, 0.89
00:01:18.900 make sure to leave a like on this video, subscribe to the channel if you're not yet a subscriber,
00:01:23.660 and leave a comment to tell me what you guys think helps us on the algorithm. And I do like
00:01:29.200 scrolling through and seeing what people have to say. If I seem a little bit foggy headed, I am a
00:01:34.640 little bit I've been dehydrated for three or four days, I actually had to go to the emergency room
00:01:38.700 a couple days back, not because I was like, fainting, I felt super faint. But I had this weird
00:01:43.320 thing where I don't feel when I'm becoming dehydrated. So I've been dehydrated for like weeks and didn't
00:01:48.060 notice it. And now I'm slowly having to recover. But let's start off with this article from the
00:01:53.960 Toronto Sun. And it reads, Carney liberals build groundwork to blame pipeline failure on private
00:02:00.460 sector. This was just an opinion article breaking down the situation. I will link it in the description
00:02:06.220 below. But it kind of sums up what I've already been talking about. Carney smartly will just continue
00:02:13.540 saying, well, of course, I'm in favor of a pipeline, it just needs to be driven by the private sector.
00:02:19.100 But at the same time, the man won't get out of the way of a new project. And he still has things like
00:02:24.440 Bill C48 and Bill C69 in the way, preventing a project from being made. So he will not actually get
00:02:31.480 rid of all the hurdles to for a private company willing to put up all the money to start a pipeline.
00:02:37.100 And but he'll just sit there saying, well, of course, I'll prove it if they do that impossible task
00:02:41.520 of putting way more money forward than any other oil and gas company would have to in another jurisdiction
00:02:47.400 in order to get a project started or a pipeline built. But now let's jump over to what Danielle Smith is 1.00
00:02:54.500 doing, because I find this quite smart. So what she is, she just dropped this video today, talking about
00:03:02.260 the Alberta government's intention of helping fund a private sector pipeline project in order to help them
00:03:08.460 clear these cost hurdles because of the federal government's hurdles that they put in the way.
00:03:13.080 We've come together here today because Canada stands at a critical crossroads. Beneath our feet
00:03:18.140 here in Alberta, we stand on oil reserves valued at over $9 trillion. What stands before us right now
00:03:24.360 is a once in a generation opportunity to unlock our wealth of resources and become a world leading
00:03:29.740 energy superpower. And that's why we are announcing that the government of Alberta will be the proponent
00:03:35.140 of an oil pipeline to the northwest BC coast. With the support and technical advice of three major
00:03:40.960 pipeline companies, including Southbow, Enbridge and Trans Mountain, our government will make a formal
00:03:47.060 application to the federal project office under the Building Canada Act. With today's announcement,
00:03:52.200 Alberta is prepared to answer the call to support global energy security efforts while creating lasting
00:03:57.280 prosperity for Albertans and Canadians for generations to come.
00:04:01.160 So she's basically put Carney in a corner. Well, you should have to say yes to this because, well,
00:04:08.180 now there is a pipeline project. There are companies lined up nor jump on board. But Carney does have
00:04:14.860 one weaselly card left up his sleeve. And that is the awful premier of British Columbia, David Eby,
00:04:22.120 who said, well, of course, I'm in favor of a pipeline if it's private sector funded. Except now he's walking
00:04:28.500 that back because apparently if the Alberta government's involved, that means it's bad,
00:04:32.780 even though David Eby has never found something government run that he hasn't liked.
00:04:37.200 You have in the past kind of given a range of answers that indicate that you might be willing
00:04:42.360 to entertain an oil pipeline. So let me try again. You keep saying this is not a real project,
00:04:49.180 but Alberta is filing an application. Will BC oppose that application? Or will it be leaving that up to
00:04:58.820 First Nations to oppose? 0.99
00:05:02.180 Well, Justine, I disagree with the premise of your question. We have supported the tanker ban
00:05:08.880 plan from the very beginning, because it is foundational to our ability to get some major
00:05:15.380 projects done, including at the Port of Prince Rupert, including major export projects like LNG Canada
00:05:23.580 that have facilitated a 4% increase in Canadian GDP. And to put that tanker ban at threat, it's not just a
00:05:31.380 threat to our pristine coast that so many British Columbia, including myself value. But it is a direct
00:05:37.000 economic threat to the kind of economy that we're trying to build in the country here.
00:05:41.860 It's such a weaselly answer. What do you mean by threat? I thought he was maybe going to like
00:05:47.340 weave into the answer where he's going to say, well, you know, international trade bodies won't
00:05:52.300 want to work with us if we're poisoning the earth. And he doesn't even go there. He basically says,
00:05:57.420 it's a threat to the economy I want to build. It's like, okay, so it's not a green economy.
00:06:02.060 And then I'm going to cut to her later. Actually, I'm not even going to spoil it.
00:06:04.700 So here's another party leader in BC that I need to say something about. And for once, I'm not going
00:06:10.360 to say something bad about John Rustad. Am I going to say something good about him? No, he is purely
00:06:14.980 irrelevant in this situation. By the way, guys, if you live in BC, make sure to join the 1BC party,
00:06:20.860 you know, the party that's not firing staffers for saying true things about the Kamloops grave hoax.
00:06:27.380 That will be another video for another day. But I will let David Eby finish up here.
00:06:31.480 And so when I've said, let's cross that bridge, when we come to it, you know, we'll see what the
00:06:36.640 premier comes up with. I'm being polite. I am being polite.
00:06:42.120 Oh, wow. He's being polite. The human emu is being polite about this.
00:06:45.980 There is no project. There is no bridge to cross unless the Albertan government and the federal
00:06:52.220 Canadian government are committing billions of taxpayer dollars to build this project.
00:06:56.980 And if that is the plan, then they should be transparent about it.
00:07:01.480 Don't mistake my politeness or weakness.
00:07:07.200 Yeah, he's so polite right now. Getting mad about a project that the private sector is on board with.
00:07:13.120 The Alberta government is giving seed money for it. And then the private sector is going to do the
00:07:17.780 rest. I have not heard here. She's not. All that has to happen is for the government to basically say,
00:07:24.540 okay, we will suspend Bill C-69 and Bill C-48 and we will let the project go forward. 0.91
00:07:30.400 But again, there's all these random stupid hurdles that the government has put up and said, 0.93
00:07:34.280 oh, wow, it's not economically viable. It's like, oh, wow. It's almost like when you shoot someone in 0.99
00:07:37.700 the head, they don't move very much because that's effectively what the government's done to all these
00:07:41.300 projects. On protecting our economy and our coast. Now, I hope that clears things up. But, you know,
00:07:53.420 let's let's cross that bridge once she's got a proponent in the money. 1.00
00:07:56.920 She does. OK, but whatever. Clears mud. Clears mud, David Eby. But now we have to cut over to
00:08:02.140 something else, which is a man who is worse at politics than anyone I've seen. And that, of
00:08:09.820 course, is Alberta NDP leader Nahid Nenshi. You are living in the oil and gas province and he is
00:08:15.900 opposing this plan. He says right here in Daniel Smith's own words, this is an utter failure. A
00:08:23.820 committee can't build a pipeline, especially when there's no route, no proponent and no real funding.
00:08:29.700 There's also no commitment from the federal government to repeal the legislation that would
00:08:33.880 make this pipeline possible. Well, he won't. Nahid Nenshi at the same time won't actually call
00:08:38.800 for the government to repeal 4869. He doesn't care. And there's no there's no route proponent or real
00:08:44.680 funding. The Alberta government is simply saying, if we put forward this money, will you guys tentatively
00:08:52.680 say yes? And we can put out some route ideas. We can try and go over some of the plans that we could
00:08:58.780 propose. The problem is, again, they are going into an area where everything is a landmine. And so she's
00:09:05.420 saying, how about I put up the money, I get the companies together, and we say we want to make one to the
00:09:11.160 northwest of British Columbia to export from there. Will you say yes to that as much as that? Okay, so now we
00:09:19.260 will find indigenous partners who will let the pipeline go through their territory. That's all foolishness 1.00
00:09:24.940 at the end of the day. But it's just how Alberta has to behave right now. Because of DRIPA in British 1.00
00:09:29.900 Columbia, and under it being adopted federally, you're going to have to find some indigenous group 1.00
00:09:34.460 who wants the pipeline. And frankly, the band council would be foolish to not want the pipeline. 0.84
00:09:39.040 It's actual prosperity. It's not just handouts. But anyways, and Nahid Nenshi is attacking it.
00:09:45.940 Who could guess why working class people don't vote for the Alberta NDP? But anyways, now I want to cut 1.00
00:09:53.220 over to a interview that Daniel Smith did on CTV News with Vashi Kapelos. And then I need to get to
00:10:00.940 the leader of the BC Greens, who again, was trying to attack this whole idea that these people would
00:10:06.640 live in a fantasy world. It's ridiculous how these people just think you can drive an economy on like
00:10:12.020 education dollars, and government services is 14 million that the max that your government will
00:10:17.420 invest of taxpayer money? I hope so. But I as I've said, we will be prepared. Well, I'll tell you
00:10:24.060 why. It's because we have a facility called the Alberta Indigenous Opportunities Corporation, where
00:10:28.340 we have the ability to underwrite up to $3 billion in loan guarantees so that indigenous nations are able
00:10:34.160 to take an equity stake. So that gives you an idea of how serious we are about underwriting these kinds
00:10:39.860 of projects. We've already done that with 750 million worth of projects, including pipeline
00:10:44.460 projects that are going. I mean, we got the number wrong. I think somewhere else I heard that they
00:10:48.460 were willing to go up to 30 million as a direct grant. But then the 3 billion is obviously the more
00:10:54.120 substantial amount to basically say, hey, as an indigenous band, we will literally give you the
00:10:58.920 money to buy this thing, and then you can pay it off and the revenue it generates. It's very
00:11:03.740 straightforward for these bands to say yes. To deliver $1.3 billion worth of revenue to a 43
00:11:09.580 of our 44 nations. So we've already put our money where our mouth is, and we're prepared to do
00:11:14.520 more of that. The federal government also has a similar type of program, and we're hoping to be
00:11:19.120 able to partner with them on that. I think that that's the appropriate way for governments to
00:11:22.620 intervene, is to make sure that indigenous equity stakes can be purchased and that they can get the 0.64
00:11:28.160 long-term benefit from it. But just to be clear, like that's loans. I'm saying like right now you're
00:11:33.720 putting $14 million in to get this process going. Are you going to put $5 billion in to get it
00:11:37.820 built? That's the question. Well, look, we have to find out what it's going to cost to build.
00:11:43.820 I've been told that it could be anywhere from $20 to $30 billion. And no, Alberta doesn't have the
00:11:49.220 money to build $20 or $30 billion. We need a private sector proponent. The way we get a private sector
00:11:54.660 proponent is we work with the federal government so that there's an answer that's going to be yes
00:11:59.020 at the end of this process. And I am very confident when we get to that point, the private sector will
00:12:04.020 come in. It's going to be up to Prime Minister Carney. And she has gotten that. When you have
00:12:09.480 Enbridge and these other two oil and gas companies basically saying, okay, if there is a yes, we will
00:12:15.680 dump money in because these companies could put that money in. But who's going to put money into
00:12:20.680 an exploratory fund, which the Alberta government is right now paying for, when the answer could be no.
00:12:26.360 And if you were the employee who improved that, or you were the executive on the board who proposed
00:12:30.920 this, and you end up just wasting $20 million just to have a no, and to have your own investors be
00:12:37.580 like, why did we even bother? Obviously, you're not going to go for it. But now there's actually a path
00:12:42.520 forward. And it looks like the Carney government either has to actually put up or shut up and just
00:12:48.060 admit that they were never actually serious about a pipeline.
00:12:50.720 Whether or not he wants to work with us on being able to advance these kinds of projects or not,
00:12:54.780 whether what he campaigned on in being a leader in the G7 and being an energy superpower on
00:13:00.460 conventional and new energy is real. And so we will see. We'll know in pretty short order because
00:13:05.520 we'll be meeting with him and we'll be continuing to do the technical work. And I would hope that the
00:13:10.740 answer is yes.
00:13:11.740 So yeah, that's where this thing currently sits at. I've talked to some people in the UCP,
00:13:17.780 and they're not super confident Carney's actually going to say yes. If anything, this is again,
00:13:22.360 the primary function of this, it should work. In a rational country, this should be a fine
00:13:28.520 proposal that gets approved saying, oh, okay, good. You guys are willing to put the money to
00:13:32.220 do the exploratory. If we say yes, these companies will then kick in the money and start immediately
00:13:36.400 building. But no, really, it's just going to be Mark Carney probably, you know, humming and hawing
00:13:42.080 about, oh, well, you know, the private sector hasn't put up all $20 billion already. Well,
00:13:46.840 can it really be done? Also, I'm not going to get rid of Bill C-69, Bill C-40, and all the other
00:13:51.620 stuff. But there is one more actor in all of this that is somehow more ridiculous. And it is Emily 0.96
00:13:58.840 Lowen, who is the BC Green leader, who does in fact have two MLAs in the legislature. She says,
00:14:06.180 hey, Danielle Smith, let's find out first if we're part of the same country before you come knocking 0.95
00:14:11.660 with bitumen schemes, laughable national interest pitch from a province trying to break up the
00:14:16.880 country. Last thing our climate coppers can afford is TMX 2.0 boondoggle. There's all these lies that
00:14:24.400 go around about the Trans Mountain pipeline that somehow wasn't good. Like it makes money. It is,
00:14:30.280 in fact, a net positive. It was not as big of a net positive as it could be, because again,
00:14:35.200 the government has undermined so much confidence in the energy sector that they had to use all of
00:14:39.880 taxpayer dollars in order to build a buy and extend the pipeline anyways. But like, goodness,
00:14:46.140 this is the picture of why the Green Party is so unpopular federally and even provincially in BC,
00:14:53.160 where it does the best out of anywhere. You can't drive an economy based on farmer's market jam and
00:15:00.540 beeswax candles. And these people just think you can just naysay anything that smacks too much of
00:15:05.980 capitalism. Oh my goodness. Energy? We might actually have jobs. Well, screw that. Kill the
00:15:11.140 project. Oh my goodness. Anyway, and this is why you should want the 1BC party to gain more power in 1.00
00:15:18.160 British Columbia, because you need a party that is just going to be through and through, pro-pipeline.
00:15:23.080 That's it. We're not dealing with DRIPA. We want to repeal DRIPA. We want to just get pipelines built,
00:15:29.320 because nothing can stand in the way of national economic interests. Stop having all these small
00:15:35.520 little interest groups blocking everything forever. They don't even represent more than 5% of the
00:15:40.360 population. And yet we cater constantly in this country to people who, in fact, are paid, so are
00:15:46.940 basically profiting off of everyone else not profiting. It is like, these people hate capitalism,
00:15:53.480 but they are, in fact, the cartoon characters that they paint capitalism as. Capitalism is very fair.
00:15:59.320 These people make money holding up other projects, getting paid to advocate against other
00:16:04.420 people's economic interests. That's actually disgusting. But anyways, that should be it for
00:16:10.240 this video, guys. We will be back as soon as we have... Actually, no, wait, wait. We're not leaving,
00:16:16.120 guys. We got another thing to talk about. We actually had a response from Pierre Polyev. This is how
00:16:20.860 glassy-brained I am right now. I think Polyev had a really good response to all of this. And my friend
00:16:27.260 Raheem Mohammed from National Post was the one who asked him the question.
00:16:30.160 Raheem Mohammed, National Post. Yes, sir. Do you agree with your
00:16:34.200 premier that a new West Coast pipeline is a litmus test for whether Canada still works and
00:16:39.500 whether we can still build things in this country? Almost. I think it's a litmus test for Mark Carney.
00:16:46.160 There was a lot of grandiose promises by Mr. Carney during the election that he would build,
00:16:51.440 baby build. Build faster than you'd ever imagined we could build. So when is this building going to
00:16:57.480 happen? Here we are, six months after he took office. And the new liberal government looks an
00:17:03.680 awful lot like the old liberal government. The last six months looks an awful lot like the last 10 years
00:17:08.040 where they block, baby block. So there's only one person who will decide if this pipeline gets built,
00:17:14.640 and it's Mark Carney. So I would encourage you all to ignore provincial politicians who have no
00:17:22.240 authority in this matter. Like the reality is the federal government has the full authority over
00:17:30.520 interprovincial pipelines. So there's one man who stands in the way of this pipeline getting built.
00:17:36.460 It's Mark Carney. If the liberals want it built, they will immediately repeal the tanker ban
00:17:41.740 so the pipe can fill a ship that goes abroad, the production cap so that our producers can make
00:17:48.620 enough oil to go in the pipe, and C69 so that the pipe can get rapidly approved. Mark Carney really
00:17:55.040 only has to do one thing. Get out of the way. Get out of the way. I will note there is some good news
00:18:04.340 followed by bad news. Canadian pipeline companies are building pipelines. That's the good news.
00:18:10.640 Terrible news. Terrible news. They're building them in the United States of America without taxpayer
00:18:15.760 support. Enbridge is building two pipelines right now in the US without taxpayer money. Trans-Canada
00:18:22.980 pipelines is building $8.5 billion of brand new projects in the United States without taxpayer money.
00:18:31.400 But here in Canada, Mark Carney is in the way.
00:18:34.140 And again, it's the politics of basically exporting, or what was the outsourcing, saying no. Carney will
00:18:43.440 say yes all day long. At the same time, he'll say, well, but David Eby doesn't want to do it. Oh,
00:18:48.260 well, but this nation doesn't want to do the what's who what and don't want to do it. Well,
00:18:51.440 these people don't want to do it. Oh, Wob Canoo doesn't want to do it in Manitoba. He'll just keep
00:18:55.920 doing this forever until he's caught. And I'm happy that the UCP government in Alberta and Daniel Smith
00:19:01.100 are trying to catch him as fast as possible so he can be exposed as a hypocrite. Anyways, so this is 0.97
00:19:07.140 the real end of the video, guys. I need to go have a glass of water. Again, dehydration is a pain.
00:19:13.180 Again, for some reason, I never understand that I'm becoming dehydrated, but I do just drink coffee
00:19:16.740 like all day long. And I have like one glass of water in a day. It's stupidity on my part. But with
00:19:22.680 all that being said, make sure to like the video, subscribe, you know, share it with your friends,
00:19:26.880 leave a comment, and I will see you guys next time.