The National Telegraph - Wyatt Claypool - June 27, 2025


Mark Carney's cheap PLOY to get Reelected - Do-Nothing Bill C-5


Episode Stats

Length

15 minutes

Words per Minute

184.7182

Word Count

2,930

Sentence Count

134

Hate Speech Sentences

2


Summary

Bill C-5 is the law of the land, and the Supreme Court of Canada has ruled that it is a violation of Canadian sovereignty. But what does that mean for the future of oil and gas projects in Canada?


Transcript

00:00:00.000 Hey guys, Wyatt Claypool here.
00:00:03.160 Recognize that Prime Minister Mark Carney and his Liberal government are already running for re-election right now.
00:00:10.140 It is what purely motivates pieces of legislation like Bill C-5, the Major Projects Act.
00:00:16.540 They don't actually want to get anything done, they just want Canadians to perceive that they want to get stuff done
00:00:22.560 in order to keep more moderate voters voting Liberal.
00:00:25.980 I think that they actually didn't expect the Conservatives to vote for it.
00:00:30.900 I think they wanted Bill C-5 to get defeated in the House of Commons by a combination of the NDP, the Bloc Québécois, and the Conservatives.
00:00:38.580 So then Mark Carney could have gotten up and said, well, I was trying to save the economy,
00:00:43.220 well, I was trying to approve new mines, pipelines, and oil and gas projects,
00:00:47.260 but it was those hypocritical Conservatives, New Democrats, and Québécois MPs that stopped me.
00:00:54.580 And so now that the Conservatives have helped the Liberals pass this piece of legislation,
00:00:59.980 which is bad, by the way, but not bad in the sense that it's like a censorship law,
00:01:04.700 it's bad in the sense that it's a stupid law,
00:01:07.620 and Cabinet could have always rushed projects through the regulatory process,
00:01:12.000 and this was all just a way of Carney pretending to be more serious than he really is.
00:01:17.200 Now Carney actually has to deliver, because just today the Senate passed it,
00:01:21.820 and now it is the law of the land.
00:01:24.580 So Carney is now probably, in my opinion, going to go into political games mode
00:01:29.800 in order so that he doesn't actually approve any pipelines, oil and gas projects, or mines,
00:01:35.880 because he is walking a very thin political tightrope.
00:01:39.740 And at the moment, it's probably working for him.
00:01:41.900 There's a lot of people who think that he's this, you know, fiscally conservative,
00:01:45.820 but socially, you know, more center-left prime minister.
00:01:49.660 The man is left.
00:01:50.900 I think he is more politically pragmatic,
00:01:52.680 and he knows the sorts of things he has to say and do in order for people to at least vote for him,
00:01:58.740 maybe not love him, but think that he's the right man for the job.
00:02:02.340 And so what he doesn't want to have to do is approve any oil and gas projects,
00:02:06.300 and lose the environmental portion of his party to the new Democrats,
00:02:10.240 but he also doesn't want to make it seem like he is so beholden to those people
00:02:14.060 that he has a much, he has all the center-right people who may have voted conservative
00:02:17.740 go back over to the conservatives.
00:02:20.760 So I want to break down some of the stuff going on with Bill C-5 here,
00:02:24.400 and the various sort of, I guess, pieces on the chessboard that Carney is moving around
00:02:30.480 to, again, try and make it seem like he is the pro-energy candidate.
00:02:36.620 At the same time, he absolutely is trying to make sure that no project actually gets approved.
00:02:42.580 But before I get into it, guys, I just want to remind you,
00:02:45.600 if you like my political coverage, make sure to like this video,
00:02:49.120 subscribe to the channel if you're not yet a subscriber.
00:02:51.260 We're trying to get to 100,000 by mid-December of this year,
00:02:54.220 and leave a comment on what you think about this whole, I guess, ordeal that we're probably going to go through.
00:03:01.660 First off, I just want to quote from this article from the Western Standard.
00:03:05.540 I will be linking it in the description below as well as pinned at the top of the comments.
00:03:10.400 The writer of this article, I think, has done a very good job pointing out a major flaw with Bill C-5.
00:03:16.460 Again, there are a lot of things salted within it to make sure that it never actually causes a project
00:03:22.560 to get approved unless Carney actually likes it.
00:03:25.820 So, you know, green energy projects are going to be approved ASAP.
00:03:30.200 Every wind farm, every solar installation that Carney has brought,
00:03:35.220 he'll probably use Bill C-5 to rush it through the regulatory process.
00:03:40.380 But if it's an energy project, if it's a mine, if it's litter, if it's a pipeline,
00:03:44.860 if it's anything that is, you know, something that an Albertan would actually like,
00:03:49.240 suddenly things like this are going to start jumping in front of the expedited approval.
00:03:55.940 So this writer here, who actually has a lot of experience in the oil and gas industry,
00:04:01.280 I forget the guy's name.
00:04:02.300 You'll have to go look at it afterwards, but great article.
00:04:05.100 He says,
00:04:05.560 And by the way, it also in the bill says it wants to basically hold to the standards of UNDRIP,
00:04:22.040 which are even worse than the standards of Section 35.
00:04:25.060 But the writer goes on to say,
00:04:26.780 There are more than 30 years of Supreme Court rulings about Section 35
00:04:31.580 that have been completely ignored by Bill C-5.
00:04:35.240 The issue addressed repeatedly by the Supreme Court
00:04:38.780 was not the respecting of rights, but the adequacy of consultation.
00:04:43.060 The court ruling bore down insistently on the specific issue of consultation
00:04:47.620 and consistently ignored the hand-waving about respecting rights,
00:04:51.700 e.g. Chippewas, all these other sorts of, I guarantee,
00:04:57.260 like all these other cases have gone on.
00:04:59.240 The writer then says,
00:05:00.280 Having spent five years of my life on such consultation,
00:05:03.180 I am not sure how the government will square the concept
00:05:05.680 of urgently advancing projects with that consultation.
00:05:09.440 Consultation takes time because the answer to legitimate questions
00:05:12.900 often don't come until the final stages of the project's design.
00:05:15.940 This legislation, as written, is begging for another slapdown
00:05:19.640 from an appellate court.
00:05:21.940 Unless, of course, Mr. Carney can successfully sell his vision
00:05:24.880 to the nine existing justices of the Supreme Court,
00:05:28.400 but to even suggest such a thing as to invite the umbrage of the Chief Justice.
00:05:33.120 So yes, what this piece of legislation has within it,
00:05:36.740 saying it wants to get projects approved faster,
00:05:40.000 is saying, but Indigenous bands can hold them up as long as possible.
00:05:43.400 So how is this different than the current state of affairs?
00:05:48.060 Plus, Bill C-69 isn't out of the way, Bill C-48 isn't out of the way,
00:05:53.060 and now we have Premier David Eby saying,
00:05:56.200 Oh, of course I'm in favor of projects.
00:05:58.240 He's not in favor of projects at all.
00:06:00.300 His NDP government is very anti-oil and gas.
00:06:03.780 But at the same time, he's smart enough to recognize
00:06:06.680 that there is no chance that Mark Carney is going to get
00:06:10.620 any of the federal regulations out of the way
00:06:12.440 that are going to make these projects viable.
00:06:14.940 Because Eby is saying, I'm totally fine with projects
00:06:17.240 as long as the private sector is supporting them,
00:06:19.720 supporting these projects themselves.
00:06:22.220 And as Peter McCaffrey points out here,
00:06:24.740 Eby now says he's fine with the pipeline
00:06:26.620 as long as it's privately funded rather than government subsidized.
00:06:30.120 Great!
00:06:30.860 But unless he also now supports repealing all the federal laws
00:06:33.960 that make a privately funded pipeline impossible,
00:06:36.900 this is meaningless.
00:06:38.440 And that's exactly what's going on right now.
00:06:41.120 Eby is basically talking out of both sides of his mouth
00:06:44.080 the way that Mark Carney is.
00:06:45.460 Oh, of course I'm in favor of a pipeline.
00:06:47.500 Do you want to deregulate and lower taxes
00:06:50.180 and get rid of the industrial carbon tax
00:06:51.820 and move the consultations out of the way
00:06:54.580 so we can actually start laying down the pipeline?
00:06:58.160 No, no.
00:06:59.200 Well, the private sector is going to have to deal with that,
00:07:01.280 or it's not an economically viable project.
00:07:03.960 Even though no project could be economically viable
00:07:06.960 with all the extra hoops the oil and gas companies
00:07:09.700 have to jump through
00:07:10.480 in order to get these things off the ground.
00:07:12.220 You will have five major oil and gas companies
00:07:14.680 all come together for projects like this.
00:07:17.280 And even all five of them combined
00:07:19.200 cannot put forward the money
00:07:20.920 to actually get this project across the finish line
00:07:23.500 with all of the hurdles in their way.
00:07:25.780 It's not because the projects aren't viable.
00:07:27.740 They're extremely viable.
00:07:29.100 It's just that when you can always build a higher hurdle
00:07:32.060 that somebody cannot cross unless they think
00:07:34.480 these companies truly have unlimited money
00:07:36.520 and they don't have a profit motive to work on.
00:07:39.720 Here is then David Eby speaking on this just,
00:07:43.220 I believe, yesterday.
00:07:45.080 Basically, again, trying to weasel out
00:07:47.960 of the idea of actually having a new pipeline.
00:07:52.060 So here, I'm just going to quickly jump over to this clip.
00:07:56.620 Sorry about this.
00:07:57.260 I'm fumbling a bit.
00:07:58.980 Here's him addressing this topic.
00:08:00.840 Today, Premier Daniel Smith in Alberta said
00:08:03.080 she believes she's five weeks away
00:08:05.180 from finding a proponent to build a pipeline
00:08:07.940 from Alberta to BC's coast.
00:08:10.240 If she's able to find a proponent
00:08:12.560 and that proponent pays for the pipeline in its entirety,
00:08:16.880 would you support that bitumen pipeline
00:08:19.920 going through British Columbia
00:08:21.320 to a port of Prince Rupert?
00:08:23.480 Well, Richard, I guess some of my frustration
00:08:26.600 about this issue is that there is no proponent.
00:08:30.020 There is actually no project here.
00:08:32.420 I went through a list that reflects
00:08:34.580 probably in excess of $50 billion
00:08:36.860 of investment in Canada and in our country
00:08:40.500 where there are proponents,
00:08:42.580 where they are well through
00:08:43.900 or are on the verge of being complete
00:08:46.560 through environmental assessment processes
00:08:48.560 where support from the federal government
00:08:51.240 will benefit not just British Columbia,
00:08:54.600 but also Alberta and the Yukon.
00:08:57.120 And I think that's where our attention should be
00:08:59.080 on the shovel-ready projects that are ready to go.
00:09:01.600 Next, we'll head to the phone lines
00:09:02.860 with Katie DeRosa from CBC.
00:09:05.260 I just, you didn't answer Richard's question
00:09:07.700 about whether you support a privately funded
00:09:10.540 or entirely privately funded pipeline.
00:09:14.240 Can you clarify your position on that?
00:09:15.900 Yeah, I did.
00:09:16.380 I won't speculate.
00:09:18.000 There is no project.
00:09:19.620 There is no proponent.
00:09:21.280 And as a premier of a province
00:09:22.540 with literally almost $50 billion
00:09:24.820 of projects with proponents
00:09:26.600 that are ready to go
00:09:27.480 that are in approvals processes
00:09:28.640 that will benefit Alberta, the Yukon,
00:09:31.380 and all Canadians,
00:09:32.500 I strongly encourage the federal government
00:09:34.100 to pay attention to those projects
00:09:36.440 and help us deliver those projects
00:09:37.660 that are ready to go.
00:09:38.380 And see, this is the Weasley move
00:09:40.720 that he is pulling.
00:09:42.140 The idea is that when he's asked,
00:09:43.600 even hypothetically,
00:09:44.540 if there is a project that is ready to go,
00:09:47.500 would you say yes?
00:09:48.540 And he's saying, well, there is no project.
00:09:50.340 Well, there's no project
00:09:52.140 because your government
00:09:53.840 up until the last five seconds has said no.
00:09:56.980 And so he is preemptively saying no
00:09:58.860 because they don't have a plan together.
00:10:00.500 How am I supposed to approve something
00:10:01.740 if there's no plan?
00:10:02.840 So he's using this strategic ambiguity
00:10:05.600 to prevent the oil and gas companies
00:10:07.720 from even trying
00:10:09.140 because this guy's clearly not a stable partner.
00:10:12.660 And uncertainty is terrible
00:10:14.720 in private sector business
00:10:16.540 because you're not the government
00:10:17.840 who can just tax people harder
00:10:19.240 when a project's cost skyrocket
00:10:21.220 because the people you're working with
00:10:22.920 are impossible
00:10:23.660 and the BC government
00:10:24.860 is impossible to work with.
00:10:26.360 And this is what Mark Carney
00:10:28.080 is going to also use
00:10:29.200 in order to hold up projects.
00:10:30.740 He has the consultation angle,
00:10:32.160 he has the environmental assessment angle,
00:10:33.740 and then he has the provincial government angle.
00:10:36.160 I guarantee we're going to get
00:10:37.140 into a stalemate here
00:10:38.080 where Carney is saying,
00:10:39.620 well, you know,
00:10:40.860 where E.B. is saying,
00:10:41.700 well, Carney won't back the project
00:10:42.880 and Carney's saying,
00:10:43.540 well, I'm not going to back the project
00:10:44.520 because E.B. is not backing the project
00:10:45.720 and both of them
00:10:46.440 are just going to be using each other
00:10:49.000 or passing each other off
00:10:50.140 as the real one
00:10:50.940 that's not getting the project approved.
00:10:54.120 So Carney can always just say,
00:10:55.860 well, the provincial government
00:10:56.820 won't sign off on the project.
00:10:58.400 That's why I'm not fast tracking it.
00:11:00.040 And then the company
00:11:01.100 won't put forward the money
00:11:02.060 because it's not going to get fast tracked.
00:11:03.740 So then E.B. can say,
00:11:04.620 well, see, the company
00:11:05.380 won't even propose something seriously,
00:11:06.740 so I'm not going to say yes.
00:11:08.960 This is a stupid political game.
00:11:11.000 And again,
00:11:11.820 from the liberal side of things,
00:11:13.520 they are doing this for re-election.
00:11:15.740 It is the appearance of seriousness
00:11:18.180 without ever actually having
00:11:19.400 to do something serious.
00:11:21.020 And again, like E.B. was saying there,
00:11:22.580 well, there's 50 other projects
00:11:23.900 for me to approve,
00:11:24.880 and I think we should start with those first,
00:11:26.600 which may include some mines,
00:11:28.440 but it's going to be green energy projects.
00:11:30.680 It's going to be other
00:11:31.420 big infrastructure projects
00:11:32.840 that are obviously able to get funded
00:11:35.800 because the government subsidizes them,
00:11:37.920 because the government
00:11:38.640 has been encouraging them.
00:11:40.480 It's funny whenever I hear
00:11:41.740 that something's economically unviable
00:11:43.500 when it comes to mines
00:11:44.720 or oil and gas projects
00:11:45.980 or pipelines,
00:11:46.860 when in fact it's the government
00:11:48.180 who walks into the room,
00:11:49.320 executes the project,
00:11:50.420 and wonders why it's not moving.
00:11:52.040 It's almost like
00:11:52.920 the amount of taxes they pay,
00:11:54.480 the amount of regulations
00:11:55.480 they suffer under,
00:11:56.440 make it so that it's difficult
00:11:58.100 to do this
00:11:58.680 for specifically
00:12:00.240 only their industry.
00:12:01.740 It's not hard to get approval
00:12:03.380 for a green energy project,
00:12:05.660 and you're going to get subsidized
00:12:07.300 to do it too,
00:12:08.240 and they buy your energy
00:12:09.480 at a massive loss to taxpayers.
00:12:13.480 It's nuts.
00:12:14.260 I've talked to people
00:12:15.180 who work in the energy trade
00:12:17.460 in terms of the actual
00:12:18.780 buying and selling of energy
00:12:20.680 onto grids and whatnot
00:12:22.180 from the companies to the public,
00:12:24.380 and while, yes,
00:12:26.840 wind and solar power
00:12:28.500 are bought onto the grid
00:12:30.160 technically at the same price
00:12:32.200 that natural gas would be
00:12:33.660 or coal was back in the day,
00:12:35.720 that's not actually how it works.
00:12:38.120 Yes, the actual unit of energy
00:12:40.160 is only bought at a flat rate
00:12:42.240 for everybody,
00:12:43.380 but do you know that wind companies
00:12:45.920 and solar companies,
00:12:47.320 they actually get
00:12:48.580 a specific amount of money
00:12:50.640 for each unit of distance.
00:12:52.580 I forget if it's meters
00:12:53.900 or it's kilometers or whatever,
00:12:55.760 for each unit of distance
00:12:57.420 that they have to run
00:12:58.400 a big copper wire
00:12:59.640 from that installation
00:13:00.600 to a power station,
00:13:02.240 they get extra money.
00:13:03.720 So green energy projects
00:13:05.260 are incentivized
00:13:06.120 to be as inefficient as possible
00:13:07.720 so that they get to collect
00:13:09.080 as much money as possible
00:13:10.400 for the distance
00:13:11.220 that they actually are
00:13:12.260 moving the energy.
00:13:13.980 That is why government sucks.
00:13:16.540 You have projects
00:13:17.460 which are set out to fail
00:13:19.780 because they get more money
00:13:21.560 to fail from the government.
00:13:22.860 You can't make it up.
00:13:24.780 This is why, in essence,
00:13:26.720 you will have on a grid,
00:13:27.880 I'm making up numbers here,
00:13:29.040 but I'm just trying
00:13:29.400 to give you guys like an idea.
00:13:31.740 In Alberta,
00:13:32.520 you'll have natural gas
00:13:34.200 be bought onto the grid
00:13:35.620 at 10 cents a megawatt.
00:13:38.020 And then you will have like solar,
00:13:41.240 so natural gas,
00:13:41.980 10 cents a megawatt.
00:13:43.200 Solar will be bought
00:13:44.440 at 40 cents a megawatt
00:13:45.880 when you actually include
00:13:47.500 the other costs
00:13:49.300 on top of the flat rate
00:13:50.780 10% to buy it onto the grid.
00:13:53.520 This is becoming a bit
00:13:54.540 of a video about everything.
00:13:55.980 But yes,
00:13:56.940 I hate the regulatory systems
00:13:59.180 of the government.
00:14:00.520 And this is, again,
00:14:01.680 what Carney is doing.
00:14:03.000 He's not going to brush away
00:14:04.360 all this nonsense
00:14:05.300 out of the way
00:14:06.200 of the oil and gas companies
00:14:07.460 in order for them
00:14:08.180 to actually be able
00:14:09.040 to confidently put forward
00:14:10.620 their money for a project.
00:14:11.840 He is going to stay ambiguous
00:14:13.440 so that if a project
00:14:15.280 doesn't get approved,
00:14:16.300 well, it's their fault.
00:14:17.080 It's the oil and gas company's fault
00:14:18.140 or it's this indigenous group's fault
00:14:19.660 or it's this environmental group's fault
00:14:21.180 or the company just didn't have
00:14:23.080 a good enough plan
00:14:23.880 because he knows
00:14:25.220 there's enough people out there
00:14:26.420 who will say that
00:14:27.280 because Bill C-5 exists,
00:14:28.660 the major projects acts exist,
00:14:30.220 he's serious about economic growth
00:14:31.900 and it must have been the company
00:14:33.260 because the media
00:14:34.100 is going to back him up.
00:14:35.340 Now, that doesn't mean
00:14:36.240 it's going to work.
00:14:37.900 I think there are a lot of voters
00:14:38.880 who will catch on to the game,
00:14:40.740 but at the very least,
00:14:41.840 I'm relaying out the strategy
00:14:43.660 to his game.
00:14:45.520 Anyways,
00:14:45.740 so that should be it
00:14:47.400 for this video, guys.
00:14:48.760 I will be probably covering
00:14:50.040 Bill C-5 more in the future
00:14:51.800 whether projects get approved or not
00:14:53.940 and there is always a chance
00:14:55.160 that he does approve
00:14:56.100 some form of a project.
00:14:57.560 I know Wab Canoe
00:14:58.400 is in favor of a pipeline
00:15:00.240 to the Hudson's Bay.
00:15:01.840 At the end of the day, though,
00:15:03.340 that guy is very much
00:15:05.000 a reconciliation industry politician
00:15:07.220 and if indigenous groups
00:15:08.480 start to protest,
00:15:09.700 he will do absolutely nothing
00:15:11.620 to oppose them.
00:15:12.560 There are just way too many ways
00:15:14.720 of blocking projects,
00:15:15.880 having different indigenous groups
00:15:17.480 in a concurrent fashion
00:15:19.080 start to,
00:15:20.420 or like one,
00:15:21.300 like I think it's not concurrent,
00:15:22.780 but like, you know,
00:15:23.160 the one after another thing
00:15:24.160 that they can just keep
00:15:25.360 challenging pipelines
00:15:26.440 and then they can,
00:15:27.520 one group can challenge it
00:15:28.460 for a year
00:15:28.840 and then another group
00:15:29.600 can challenge it for a year
00:15:30.620 and then an environmental group
00:15:31.780 can take them to court.
00:15:32.920 It's not going to end
00:15:33.980 until the government
00:15:34.800 stops it outright
00:15:36.100 and Bill C-5 does not do it
00:15:37.940 and it's good again
00:15:38.740 that the conservatives voted for it
00:15:40.280 because Mark Carney
00:15:41.260 should have to fail
00:15:42.040 on his own merits,
00:15:43.040 not simply fail
00:15:44.140 because the conservatives
00:15:44.840 wouldn't support him.
00:15:46.080 He's gotten their support,
00:15:47.160 now he has to deliver.
00:15:48.780 So anyways,
00:15:49.560 that should be it for me today, guys.
00:15:51.300 See you later.