00:03:38.200and you have to get rid of these other taxes and regulations for it to be worth it for us to invest
00:03:43.540in Canada. Because you can't just say, okay, you can build a pipeline. You actually need to make
00:03:49.580it profitable to build a pipeline. And I know there's a bunch of environmental left people
00:03:54.360coming out of the woodwork to say, oh, well, if it's not profitable, that means we should just
00:03:58.900be investing more into green energy. Oh, wow. It turns out there's a lot of profits to be made
00:04:03.640and heavily government subsidized green energy and not the held back industry oil and gas that
00:04:09.380gets regulated and taxed into the floor. What a mystery. I wonder why. The thing is that Carney
00:04:15.820wants to just stiff arm this project over to Alberta. He's given Danielle Smith a very short
00:04:21.100timeline to find a proponent. And then if she doesn't, he'll probably just keep pushing the
00:04:26.440timeline back for him to actually approve construction. But even if she finds a proponent,
00:04:31.780Then that proponent gets to run the impossible gauntlet of trying to impress the BCNDP government in British Columbia, as well as First Nation ban councils, many of whom are already against the project.
00:04:46.600And Mark Carney isn't even just reserving consultations for First Nation bans. He also includes the Coastal First Nations, which are a fake group, but he has given them the stamp of approval by meeting with them to pitch the pipeline, which they have already rejected after the agreement was signed just a few days ago.
00:05:07.500The entire situation is ridiculous. Even if coastal First Nations weren't involved, so many bans understand there is more money to be made for them in rejecting a pipeline than actually getting one built. If one gets built, in fact, it undermines their need for government dollars. They don't want actual prosperity getting onto their territory, quote-unquote.
00:05:30.940they want to stay dependent because it benefits members of the band council and elite families
00:05:37.380not the average first nations person but elite band council families anyways i'll let him finish
00:05:44.060here and then we're going to move on to a couple other clips moving through those and moving to
00:05:49.100that october date and i just want to be very clear to everyone you have a moving towards a designation
00:05:55.000if various things are met, designation by the major project office as a nation building project.
00:06:01.680But then there's a process of consultation to determine the conditions around that project as well.
00:06:07.180And to answer your question, through all of that, a private proponent can be building out the open season,
00:06:16.280if you will, the backstop of the barrels associated with that.
00:06:19.520So in our quest to build things at speeds not seen in generations, there is a multiple-year process to getting a designation as a project of national importance, and that gets us to consultations and regulatory hoops.
00:06:40.560So this October, we might, might be able to get a Project of National Importance designation.
00:07:02.940But now let's jump ahead to this other clip where he's asked about the fact that, you know, David Eby and all the First Nation groups are already against it. Now, of course, there's some First Nation bans that are in favor of it, mostly in places like Alberta. Good on them.0.85
00:07:21.620I still don't exactly like the First Nation indigenous kind of system we have in this country of requiring consultations and approvals. We're all just citizens at the end of the day, and I think we should be moving towards actual equality, not this two-tiered ethnic system of different rights and privileges, depending on who you are.
00:07:44.040But regardless, I give them credit that some of them in Alberta are in favor of the pipeline.
00:07:48.800But here is Mark Carney being asked, well, how is this going to work when you've set the standard that the provinces and First Nations have to be in favor of it and they've already signaled that they don't like it?
00:08:00.060I want to ask you, you just said it's Canada working, but what about BC consultations specifically around the pipeline?
00:08:04.900I mean, you're looking at a conditions document, September 27, 1st or potentially 2033.
00:08:09.940That's extremely quick. So how are you going to get them on the side and conduct sufficient consultations when you don't even have a route or anything until October?
00:08:17.320Well, thank you. Thank you for the question. And I had a regular speak with Premier Eby.
00:08:23.940He and I had a good conversation yesterday about a range of subjects, including aspects of what we announced today.
00:08:30.480I'm looking forward, actually, I will be seeing the premier in Vancouver next week.
00:08:35.160And we will address a series of issues directly in the interests of British Columbia, as well as.
00:08:42.480Well, what are the issues in this project for British Columbia?
00:08:45.800Maybe he's just talking about their time with general issues, maybe not even having to do with the pipeline.
00:08:50.380But why does Eby need to be involved in the process at all?
00:10:09.160Well, standard consultations can last years.0.99
00:10:13.740They can keep drawing it out because we've seen the courts rule
00:10:17.340that substantial consultations end up being veto effectively, that they can just keep
00:10:25.060consulting, they can keep the consultation going on forever, and just pretend that you didn't
00:10:30.480actually consult them properly, if an endpoint is ever reached, and they don't get what they want.
00:10:35.420That's the problem here, is that consultations have been equaling veto for many years now.
00:10:42.060And he knows that. He's just basically, again, trying to put off saying no to other groups while he's saying, yes, he could fix this thing in five seconds, but he doesn't want to.
00:10:53.680Now I want to take you guys into this interview that was done on Rosemary Barton's show on Sunday, where somebody who is an executive on an oil and gas company in an energy company has been describing that although industry is kind of optimistic that Carney has been willing to sign something with Alberta,
00:11:16.720At the same time, they all realize that Carney still hasn't really done anything when you look hard at what has been accomplished so far.
00:11:27.420He was just saying that the thing that was super positive was that anything was signed with Alberta in the first place.
00:11:33.300And maybe this government, through its rhetoric, is indicating it wants to become an energy superpower, that they'll actually build something.
00:11:41.260But now he's going to throw the cold bucket of water on the situation and describe how, in a lot of ways, nothing has actually changed.
00:11:48.640The sort of the challenge, if that's the good news, kind of the bad news is the party that was not at the table to try and implement this, of course, were investors.
00:12:03.640I mean, the province was there, the federal government was there, but the investors weren't there.
00:12:06.980And so the investors were really the audience for on Friday.
00:12:12.680And if you're an investor, you know, what you heard is a couple of things.
00:12:19.600First of all, Prime Minister Carney saying that the MOU has effectively increased the carbon price six and a half times.
00:12:29.200And, you know, that's a real attention getter.
00:12:32.260Now, of course, the premier said, hey, it could have been a lot worse because originally the liberal policy was to actually increase it eight and a half times.
00:12:39.120OK, so, you know, it depends on your cup half full or half empty.
00:12:43.160But of course, if you're an investor, you know, they look at it on a global basis and relative to other places.
00:12:48.360And as some of your viewers may know, Canada is the only country in of the 10 major oil producers that has an industrial carbon tax.
00:12:57.360Actually, in fact, no member of the CBC's regular audience would know that because the CBC presents all this stuff in the way that the Liberal Party would want.
00:13:08.560Well, we need industrial carbon taxes if we want to attract investment.