PM Mark Carney and Alberta Premier Danielle Smith sign a deal to get a pipeline built in Alberta, but it still needs First Nations approval before it can actually get built. I break down why this is a bad idea, and why it should have gone through anyway.
00:02:27.160These might as well be blank pieces of paper, honestly. They are literally signing nothing, pretty much.
00:02:42.480Yeah, cute banter, cute banter. This is really all this is for, is just having some cute banter after signing something.
00:02:59.240All right. But here's the sort of situation for Danielle Smith. She can't pretend that she's not on board. She
00:03:08.580obviously knows that Carney's not going to follow through, but if even for a second, she gives the impression that she
00:03:13.400doesn't think this pipeline is going to happen, the media is going to say, see, Danielle Smith was the one who killed the
00:03:17.080pipeline agreement, because she didn't believe in it enough. So we had all this stuff going on, and then I want to jump over to
00:03:28.180them actually speaking after signing the agreement. We really just need Mark Carney here, because Danielle Smith's comments
00:03:35.400are pretty immaterial to the entire situation. I think she's a great premier of Alberta, but again, she's just along for the ride in
00:03:42.220Mark Carney's publicity stunt, because she has to pretend like she thinks that Carney's actually going to have a pipeline
00:03:48.860go through, and then she's going to be performatively shocked later when it doesn't happen. But again, this is all for the
00:03:54.740media, so the media doesn't blame her for the deal not going through, because if she, again, vocalizes for a second that
00:04:01.280she doesn't think Carney's serious, they're going to say, see, that's why the pipeline's not getting built, because
00:04:05.700Danielle Smith doesn't believe in it enough.
00:04:07.460It's a great day for Alberta, it's a great day for Canada. And, you know, at the heart of what is a
00:04:14.460multifaceted agreement, agreement, we have more work to do, going forward, but multifaceted agreement, in effect, it
00:04:21.260creates an energy transition, all aspects of energy, but really sets the stage for an industrial
00:04:27.980transformation. At the core of the agreement, of course, is...
00:04:32.820I like how even though we're talking about a mythical pipeline that we're going to build, we're still talking about the
00:04:37.420energy transition in the midst of it. Like, there's just no self-awareness at all here, that maybe if you're in Alberta
00:04:43.420talking about a new oil and gas project, that you shouldn't be talking about the green energy transition, because what he got
00:04:48.780Daniel Smith to sign on to, is like, more green energy transition commitments, if a pipeline is actually going to go through. Now, neither
00:04:56.780party is going to have to do anything, because again, nothing's actually going to happen out of all of this.
00:05:00.420A priority to have a pipeline to Asia, that's going to make Canada stronger, more independent, more resilient,
00:05:10.420more sustainable, because the way we're going to do that is in combination with the Pathways project, which will be
00:05:17.420the largest carbon capture project in the world. It'll mean that Alberta barrels of vitamin are amongst the lowest energy
00:05:25.420intensive in the world, therefore competitive, not just for tomorrow, but for decades, as well as creating a whole
00:05:32.420new industry for Alberta and for Canada. In addition, agreements or at least tensions around nuclear power, inner
00:05:42.420ties with other provinces, sovereign data centers, huge opportunity, huge necessity for Alberta and for Canada.
00:05:49.420And it's all done in a spirit of cooperation, partnership and trust.
00:05:55.420Basically, a bunch of word salad. We don't need to listen to that anymore, either. Again, this is all just about
00:06:01.420getting some good rhetoric across the plate for Mark Carney to pretend like he's actually getting things done,
00:06:06.420as I keep saying. Here is Pierre Polyev, the federal leader of the Conservatives' response to all this.
00:06:12.420He released this on X, a large statement here that we will go through.
00:06:16.420And he released a statement with the headline, get out of the way, Ottawa, Ontario.
00:06:21.420The honourable Pierre Polyev, leader of the Conservative Party of Canada and the official opposition,
00:06:26.420released the following statement. A Conservative government would approve a pipeline to the Pacific
00:06:30.420without a carbon tax, without delay, without excuse. Conservatives want a strong take-home pay
00:06:35.420and a self-reliant economy for Canadians. Unblocking our oil and gas will boost paychecks and the Canadian dollar.
00:06:42.420So Canadians get more for their money and life becomes more affordable.
00:06:47.420More oil and gas revenues mean more money for schools and hospitals, building affordable homes and lowering the cost of food.
00:06:53.420I just want to go on to specifically him criticizing what's going on here.
00:06:57.420And he says, today's memorandum does not promise a pipeline will be built.
00:07:02.420It promises that seven months from now, a pipeline proposal will be referred to the federal office for two further years of study.
00:07:08.420After that, the prime minister will award BCNDP Premier David Eby the power to veto it altogether,
00:07:15.420a veto that violates the constitution. This from a prime minister who promised during the election to move with unimaginable speed.
00:07:22.420The deal further proposes raising the liberal industrial carbon tax that will drive production out, paychecks down, and the cost of living up.
00:07:31.420So that, again, it's hitting the nail right on the head here.
00:07:34.420We're not actually doing anything. We are simply saying that we might do something after careful review
00:07:40.420and then David Eby's approval in which time David Eby will probably have maybe won another election or he will be on the precipice of another one.
00:07:50.420And what his actual political incentives are are to say no, because he doesn't want the BC Greens taking any more votes from him.
00:07:58.420And so he is going to make sure to seem as much of an anti oil and gas radical as possible.
00:08:04.420He already is, but he's going to have to be really playing it up.
00:08:08.420Plus, the Liberals own local MPs in British Columbia don't want this pipeline.
00:08:13.420In our last video, we went through several of them who are all stumping against it saying,
00:08:18.420well, yes, we are signing a memorandum of understanding, but this still requires First Nations and the Premier sign off in BC.
00:08:25.420And they've so far been very clear that they're saying no.
00:08:29.420That's literally what Carney's own MPs are saying.
00:08:32.420I don't know why this isn't a bigger story.
00:08:34.420His own MPs are fragging the deal after it's been signed because they don't want this to actually happen because they are anti oil and gas politicians.
00:08:44.420But anyways, that's just my quick reaction to all this.
00:08:47.420We will probably be seeing more commentary in the coming days, including probably more Liberal MPs naysaying the deal while the Liberal media ignores it.
00:08:56.420But we will leave that for another day.
00:08:58.420Anyways, thank you all for watching and I'll see you guys next time.