True Patriot Love

00:00:00.000 today on true patriot love i'm lucky enough to have dan mcteague uh to talk about natural

00:00:09.520 resources and specifically oil and gas you know this last week um in ottawa has a little bit of a

00:00:16.080 zoo uh welcome dan uh thank you yeah you know it's interesting we saw kind of the showmanship of

00:00:23.360 politics in the last week as they as they took the mou from alberta and they put it on the floor and

00:00:31.520 they spent uh how many days damn debating this this piece of legislation that really went nowhere

00:00:39.440 well it was actually just a motion to confirm what the government had said it was going to do that it 0.80

00:00:43.280 wanted this thing to happen and put an mou made a big uh a lot of fanfare and food for all over the

00:00:48.880 idea that you could uh build another pipeline uh we noticed there's uh you know significant dividing

00:00:54.240 lines within the liberal caucus and uh and conservatives wisely said well uh is this

00:00:58.880 going to be another example of uh you say one thing and do another or you say one thing to alberta and

00:01:03.280 you say another to ontario or to british columbia or to quebec so i think it was really a chance to

00:01:09.440 smoke out where mr carney stands because of course we know that he's accomplished nothing since he's

00:01:14.640 become prime minister made a lot of trips a lot of big speeches but pretty low on delivery and i

00:01:19.600 think this one is pretty critical because it comes at a time where the intersection of uh our financial

00:01:24.800 situation crumbling right before ours despite what some of the institutions that provide us data

00:01:30.480 have been doing which is uh nothing short of uh trying to make a silk purse out of a sow's ear we see

00:01:35.840 this with labor numbers which are being no doubt um you know manipulated to make things look better

00:01:42.240 than they are but we now have uh you know is the government really serious about this or is it not

00:01:47.520 because the more conditions you place on the building of a pipeline the less likely anyone's

00:01:53.040 going to want to come in and if that doesn't happen the canadian dollar continues to suffer

00:01:56.960 you know i've been for a long advocate of saying for the past 10 years keep killing the energy sector

00:02:01.680 and you'll find the decline in the canadian dollar will cost you a lot more in terms of

00:02:04.960 inflation well guess what everyone's discovering that now but also uh you know no one's going to make

00:02:10.320 an investment in this country when they know that the burdens the regulatory green net zero nonsense

00:02:15.520 burdens are going to add to the costs of of of the pipeline more or less the hoops that have to be

00:02:21.600 you know that have to be uh uh you know addressed before you even get to the point where you can

00:02:27.680 actually build a pipeline tanker band being one that has to get out of the way uh you know removing

00:02:33.200 some of the uh miscreants who are paid very well by uh foreign organizations to come out and stop

00:02:39.040 canadian oil no one else but just canadian oil and of course uh provincial governments like british

00:02:43.600 columbia i know i'm going through a lot of this that you know really owes the federal the canadian

00:02:47.760 people 50 billion bucks for having stopped a pipeline that already had approval in the 10

00:02:52.080 trans mountain pipeline expansion i know i was directly involved battling uh the the premier of

00:02:58.000 the day uh mr organ as well as his uh attorney general now the current premier david eby on saying

00:03:04.960 listen you have no grounds in which to make your claims of using every tool in the toolbox but you

00:03:09.920 are scaring away an investor and that has real economic consequences far beyond the issue of

00:03:15.600 pipelines into the bottom line of every canadian who's definitely suffering as a result of today

00:03:20.400 and at 50 billion dollars on the books to demonstrate just how stunned we were in accepting

00:03:25.120 these people uh in interfering and trying to block uh the building of uh critical infrastructure canada

00:03:32.000 desperately needs or it's going to continue to sink financially just look at our debt and deficit

00:03:36.320 situation yeah no i know and you know eb uh premier eb is is said multiple times there there is no

00:03:44.160 money you know there's no private money available to do a pipeline and i find that i find that an

00:03:51.040 interesting statement you know that's kind of been his foothold into his decision making you know we

00:03:56.640 have we have more projects in bc than they than alberta and quite frankly they can't get private

00:04:02.400 money it needs to be funded to get a pipeline um and then to your point he throws up all the red tape

00:04:09.360 i'm sure there are people that would build a pipeline there would be uh get rid of the net zero 0.98

00:04:14.880 nonsense and that's exactly what it is get rid of your emissions caps get rid of uh carbon sequestration

00:04:20.160 get rid of uh uh industrial carbon taxes get rid of the tanker band look if we're going to make this

00:04:25.760 thing we're going to regulate this thing to the point where it becomes so burdens and no one wants 0.89

00:04:30.000 it that's fine but it's quite another thing for hypocrites like david eby and his ilk go and say 0.87

00:04:34.080 no one wants to invest well you've damn well salted the the uh the mines you've basically greased the uh 0.94

00:04:39.440 the rails so that no one would want to come to canada because you've turned around and found

00:04:44.000 ways trendy ways in which to block and so you know these people have to be accountable for their

00:04:48.640 rhetoric the ndp should be given a 50 billion dollar bill which had to be paid by canadians to build

00:04:53.120 the trans mountain pipeline expansion when kenner morgan is prepared to build it for 6 billion at

00:04:57.680 no cost to the canadian public and with significant economic impacts 20 25 billion bucks extra in

00:05:05.440 additional economic momentum in the country every one of these pipelines can no longer be gained said

00:05:10.480 we can't i mean the country is broke people are lining up at food banks our social programs are falling

00:05:16.480 to pieces we've got nothing to bring into this country that's of interest steven except what we can

00:05:21.680 do to grift and offer you know more money that we have to go in debt for to to subsidize people from

00:05:27.040 to come in and maybe look at buying some things that might be canadian as long as you get a big fat

00:05:31.200 government pension or government check right no i know dan and you know he's also you know he also

00:05:36.800 makes a statement that you have to increase the capacity of uh through the existing pipeline so you

00:05:42.480 know that's his big thing and that's actually in the mou so in the uh you know i actually took a uh read

00:05:49.120 last night i pulled up the mou it went through it because you know it was interesting watching them

00:05:54.160 debate this thing and you know it's interesting politics and i understand you know the conservatives

00:05:59.600 all the uh carbon green uh initiatives that are in the mou they they kind of pulled out but you know

00:06:06.800 i read the mou and i thought to myself yeah you know what uh they signed off to you know uh to do the

00:06:13.920 oil and gas to work together on a pipeline um you know uh probably uh there's some things in here i

00:06:23.040 would have changed but but really you know they want to move forward

00:06:31.120 well yeah i mean look they everyone wants to get on with this because it's not 2015 anymore it's 2025

00:06:37.520 we realize the totality of the recklessness of going out and following someone's agenda saying

00:06:41.840 oh there's no business case for natural gas or oil i think even though it's ardent of new democrats

00:06:47.280 and liberals realize uh you know natural gas is very much the way and the fact that we're selling

00:06:52.400 lng to the united states for 250 a million cubic feet and they're turning around making uh use of

00:06:58.240 their seven new plants that they've built usually the hot spots by the way the united states in the

00:07:02.400 southern coast um which is a lot more uh you know energy intensive than turning around selling it to

00:07:08.080 europe for 15 16 uh dollars an mbtu i mean suggests that we are basically we've fooled ourselves we've

00:07:14.800 conned ourselves it's okay for us to to provide these things but it's not good enough for us to be

00:07:20.160 able to provide on our own and get the full economic benefit look i don't care what tribe you

00:07:24.720 come from the reality is that the bond rating agencies and the markets are saying your country

00:07:29.360 is very very close to insolvency and if you think you can afford to be cool and trendy and look these

00:07:35.600 and you know naval gaze and look at gift horse in the mouth which very few nations have you're you're

00:07:41.200 really uh deluding yourself now bc is a good example there's a credit rating it was it was bounced down

00:07:46.720 not once but twice in the past little while so they are now in a very very tight financial situation and

00:07:53.360 if they're going to say no to pipelines or try to you know resurrect their opposition they did with

00:07:57.760 the trans mountain pipeline or make this excuse about capacity listen the capacity of canada

00:08:02.720 sell the rest rules to double our oil we can go from 4.5 to 8 million barrels without much problem

00:08:08.560 and i know some people saying no you can't do that you're damn right we can and not only can we do that

00:08:13.040 we're going to do it one way or another and i don't suggest it all be done by rail if that's what

00:08:17.120 people are suggesting but to sell it on to the united states when we could sell to the rest of the world

00:08:21.760 the 12 13 14 15 nations that came to us asking not for our cool uh you know hydrogen or you know our 0.85

00:08:28.880 electric vehicles they came asking for our natural gas and our oil why because we produce it to the

00:08:34.560 highest ethical environmental labor standards in the world and anybody any canadian who's trying to

00:08:40.560 diminish that tell me get take a hike you've had 10 years to ruin the economy you've ruined it for 0.88

00:08:45.280 yourself you ruin it for our generation you ruin it for the next generation no more this country has got 0.96

00:08:50.320 to stop tolerating interference by grifters and uh trendy folk out there who basically have nothing

00:08:56.080 better to do with their time but to make canada a place that should be ashamed of itself in terms

00:09:01.120 of what it's trying to do when the rest of the world saying what the hell's wrong with your country

00:09:04.960 i mean this is a nation that snapped it's gone in a very different odd direction i think for oil and gas

00:09:11.680 people may find it's very inconvenient don't sell oil and gas say good night to the economic future

00:09:17.680 of this country it is that simple and if you can't get that into your heads think of where you were

00:09:22.480 10 years ago thinking where you are today and there's a reason for that you've jumped on board

00:09:26.480 this esg net zero nonsense pushed by the wef and the u.n and other uh wack wacky organizations that

00:09:32.800 have basically you know infused in us this ideal that somehow uh co2 is bad it's the giver of life 1.00

00:09:40.960 but if we want to go down this road we want to continue to deny reality by all means have adder but

00:09:46.080 just be be prepared to understand at the end of the day canadians will not do very well they will

00:09:51.360 suffer and i'm not sure the country is going to be able to suffer uh the decades of uh economic

00:09:57.120 downturn as a result of its unwillingness to embrace that which the rest of the world would envious for

00:10:02.640 yeah no i'm with you dan you know i totally agree you know i'm coming out of you know going into

00:10:07.600 christmas i'm looking at this and i'm thinking okay where does this end up you know where does this

00:10:12.160 because it's funny we you know uh and this is always you know you've been in the political game way

00:10:17.360 longer uh than anyone uh than i know so where does this end up does it get resolved do we end up going

00:10:25.840 through bc with another pipeline or do we have to look for alternatives and i those alternatives are

00:10:31.520 not nice right because the only other alternative is is basically up and quite frankly i guess you

00:10:38.480 could do it we there is a pipeline that does go north into the northwest territories it's a small

00:10:44.320 pipeline from what i understand right well it seems to me that you're doing indirectly that

00:10:50.800 what you should be doing directly uh it's good enough for the americans to go from uh valdez all

00:10:57.200 the way down to california with third tankers why wouldn't we do it two hours why wouldn't we have one

00:11:02.080 a day or once every two days fill up and take their product to global markets which would uh supercharge

00:11:09.200 the canadian dollar uh you know it takes 130 pennies to buy us dollar that's 25 cents a liter in the price of

00:11:14.080 gasoline imagine when it's doing the price of food imagine it's the price of every commodity priced in

00:11:18.480 u.s terms so i i think uh this is the this is the plan and i say very clearly no industrial carbon tax

00:11:26.080 and the reason for that is simple i know that alberta is basically bent over backwards and said yes 0.97

00:11:32.320 uh heavy oil it's going to cost 10 to 11 a barrel that'll push the barrel of oil from 45 to 57 bucks

00:11:40.640 and it's currently trading at 57 that's for wti and then you add carbon sequestration sequestration

00:11:46.400 on that that's another three or four bucks a barrel hang on three or four bucks a barrel uh makes

00:11:52.560 it uncompetitive globally then you have a number of other uh regulatory uh impingements placed on

00:11:59.040 on a canadian barrel that no one else has to suffer why would we be doing this to ourselves i mean

00:12:04.560 that would be like simply taking another drill and drilling a hole in your head because that's

00:12:08.880 exactly what you're doing you're only hurting yourself in canada and we're no longer in a

00:12:13.600 position where we can uh say oh it's all about the climate that's so 2015 2019 uh no one believes

00:12:20.080 that anymore bill gates walked away from the hell's greta tunberg come on wake the hell up and if for 0.80

00:12:24.800 those who are saying no i would say there's a simple answer taking the courts and if you lose

00:12:30.080 we're going to see you obstruct you're going to go to jail 0.80

00:12:34.560 yeah no no i'm with you and do you think that's the outcome in the end do you think it's a legal

00:12:39.200 a legal battle that actually has to be fought out to get this through or do you think

00:12:43.600 you know if you had to guess from the the political climate in canada right now

00:12:48.080 you know where we're going does it get resolved in the new year or is this something that lags on because

00:12:52.880 you know i agree with you totally i think this is one of the ones that if it does lag on a long time

00:12:58.240 we're going to pay a dreadful price for this so uh is bc an option or do we have to then just give

00:13:05.120 up on give up on the bc you know uh pipeline and just move on to something else like we we're really

00:13:11.280 running out of time with these guys they keep we keep spinning and spinning month after month

00:13:17.120 well i want to be the positive guy and say this has to get done because if it doesn't a lot of bad

00:13:20.880 things are going to happen a lot of good things will happen if it does get done so canada's at a

00:13:26.320 crossroads and if they go the way they have for the past 10 years uh uh the economic impact will

00:13:33.040 be uh will be significant and it will be painful on everyone and it will be the last chance saloon i

00:13:38.480 think for anybody wanting to invest any money in canada because we're too risky a place and uh this

00:13:44.000 idea that we can somehow spend our way out of these problems by you know increasing debt to uh cover uh

00:13:49.680 a declining economy by giving everybody some money so that uh you know unless we want to go to full

00:13:54.800 socialism in which we have everybody on ubi uh universal benefit basic income uh this situation

00:14:01.600 is not going to go end very well and then there's the political tensions i mean for a province like

00:14:05.840 british columbia ontario my province quebec manitoba the atlantic provinces to hold out their hands for the

00:14:12.080 equalization knowing that money is only coming from the existing uh you know energy sector and that's really the

00:14:18.240 only one that's uh in alberta and to the lesser extent the lesser extent is saskatchewan i think

00:14:24.000 we're playing with fire and uh you know we better be really certain on our climate stuff and now it's

00:14:28.960 very clear that they're not everyone's walking away from the climate nonsense because they know it's

00:14:32.480 baloney and it has been baloney for 10 years so i think a lot of people are starting to say if the

00:14:37.920 pushback is that the climate narrative was wrong so too is the politics and so too are the policies that

00:14:44.480 fall for mark carney is not the right guy to push this forward but if this thing fails god help this

00:14:49.840 country because i think uh it's it's it's days could very well be challenged by the fact that uh

00:14:55.600 there's a region of the nation that has the way to pull us out of this uh this this financial problem

00:15:00.960 uh and by the way i don't speak uh you know in terms of today you know in 1997 um a liberal member

00:15:08.880 department named dan mctag wrote a little report called the liberal committee on gasoline pricing

00:15:15.760 look at the date yeah routine i see it now before that was that was embargoed before it was embargoed

00:15:23.200 i had chris ann martin calling me chris ann is the prime minister martin is the finance minister saying

00:15:27.280 what the hell are you planning to do and uh i was more concerned that they were trying to get me to

00:15:32.480 reveal what was in it long before it happened because i had 40 liberal mps behind me on this that's a

00:15:37.600 substantial amount of caucus and they were just concerned about one thing were we going to dump

00:15:41.920 on the oil sector the uh the upstream that is the oil and gas sector and make it so that it would be

00:15:47.120 impossible for them to to survive if that were the case uh we wouldn't meet our financial obligations

00:15:52.880 and the country in 1997-1998 brings back to that time was now being considered as being taken over by

00:15:59.040 the imf that's how serious it was our financial our balance sheet was so weak what they basically both

00:16:05.520 intimated to me was that the reason we're concerned about this is if you go after pipelines as we

00:16:09.360 expand them we're not going to make our targets we're not going to be able to make ends meet and

00:16:13.840 without oil and gas the country is going to be in a very significant financial straitjacket what is

00:16:18.640 true then is true today we went from 1 million to 3 4 million we can go from 4 million to 8 million i

00:16:24.800 don't care what trendies out there saying people who think they're they're smart on this stuff we have

00:16:28.960 the capacity to double our amount of our oil and we should be building not one but two northern

00:16:33.040 gateways maybe even energy east if we could find a way to somehow build a an operator on the east

00:16:38.000 coast or have one in europe somewhere i'm not sure but canada has the ability to do these things unless

00:16:43.280 of course we want to rely on you know on suspicion on suspect actors like russia uh iran uh or venezuela

00:16:51.360 to produce the rest of the world's oil i think the world has made basically said if we had a choice

00:16:55.440 it's canada above all dan when when you mentioned you know people wanting our wanting our oil so

00:17:02.720 you know china pops to mind of course right uh biggest user quite frankly huge market the us

00:17:11.600 is kind of saying you know the the national security uh paper that came out the other day

00:17:17.760 they're kind of discouraging anything with china right now so where else would we go so let's kind

00:17:23.200 of take china and put it aside right now so we get this pipeline issue out of the way whether it's whether

00:17:29.920 it's through bc or another route we're gonna have to figure it out we get it uh out of the way where

00:17:36.880 is it going at that point who are we selling to and and what's our markets indonesia japan uh south korea

00:17:44.800 there are a host of nations over there that have the ability to uh upgrade our oil um that is to

00:17:52.800 break it down because it's heavier uh and you can get more weight by the way i get these people

00:17:57.280 laughing at you know i did all my work at gas buddy over the years they used to laugh oh the americans

00:18:01.120 have the light nice great shale oil it's way better than canadian oh yeah you can't produce diesel

00:18:06.400 show me one nation on the face of this planet whose economy can run without these and i'll show you

00:18:10.640 someone who doesn't know what the hell they're talking about or they're dealing with science fiction

00:18:14.640 the reality is that the world needs heavy oil canadian heavy is much better more valued not just because

00:18:19.840 it's economically um viable it's that when you break down that barrel of oil it's how you bend

00:18:26.880 the molecules let me get to speak to the science community you can you have more molecules to bend

00:18:32.000 in heavy oil than you do in light tight shale oil that's why the united states needs canadian heavy oil

00:18:36.080 because they can't produce diesel no diesel no mining no diesel no agriculture no diesel no major

00:18:41.440 transportation no diesel no airlines jets running diesel the kerosene same damn thing so people really

00:18:47.600 have to stop put aside these woke narratives by these organizations that are out to deceive people

00:18:52.400 and recognize china would certainly be in in line for this but so would south korea so would japan and

00:18:58.240 those countries like most around the world would think the future is oil like it or not we still need

00:19:03.200 it and even to build your cute trendy uh you know uh posters on wheels i'm sorry i mean evs um that's nice

00:19:11.920 but you still need a massive amount of energy and diesel and oil to be able to extract to mine the

00:19:18.080 process um and i mean boy evs use oil and their tires are not made of a plaster scene even though

00:19:25.440 that's made of oil uh so there's a lot to be said here about why the woke organizations like the

00:19:30.880 international energy uh agency came out kept saying oh the end of oil it's going to go we should divest 0.98

00:19:36.480 you know spent the past years still looking like a bunch of idiots because frankly they had told the 0.97

00:19:40.480 world something that they knew nothing about and now saying yeah oil's gonna be around way beyond 1.00

00:19:45.280 2050 and we're gonna need more and more and more of it despite the trillions of dollars then spent on

00:19:50.960 ridiculous renewables which are not reliable which are extraordinarily expensive uh and i'm talking

00:19:56.560 trillions in the t uh you know we've moved what hydrocarbon use from 84 to 82 i mean this is just

00:20:03.680 not going to work folks we have a lot of it we can get it to market better than everybody we've got

00:20:08.000 three coasts at least two that i think makes sense and the one which is prime is pacific it's good

00:20:12.640 enough for the americans to move uh their shipment on the pacific so two should canada anybody suggesting

00:20:17.920 otherwise well they're invited to live in some kind of third world nation which is what we're going to 1.00

00:20:21.520 make of canada if they continue yeah hey dan you mentioned something which i i i wanted to hit on

00:20:27.120 today refining refining right so why you know you said we're going to ship it over they're going to

00:20:35.120 they can refine it um why did we never you know as when i was in calgary a few months ago and you know

00:20:44.320 i was having dinners with a bunch of people and you know they were talking about shipping to montana

00:20:49.600 refining in montana you know kind of the logic and i understand the initial logic from a political

00:20:56.800 political perspective you know when things between the us and canada were going well but what's the

00:21:03.440 future now and you know because there's there's uh again you know i i refer to that paper that came

00:21:09.520 out the other day there's a you know there's a real push now to reach kind of a conclusion on this

00:21:15.040 relationship either you're coming or you're going so what's what's your thinking on refining and our

00:21:21.840 capabilities well you still need pipelines it doesn't matter where you're refining canada how

00:21:26.640 the hell you're gonna get it to market right i i know the green's been trying this nonsense and i 0.69

00:21:31.120 used it on them in bc during the uh the horgan era and said oh we should just all refine the thing

00:21:36.720 rather than selling bitumen to the rest of the roads for some bad thing uh no folks uh you still need

00:21:43.040 pipelines if your issue is pipeline it's not bitumen then uh you know it's kind of contradicts

00:21:48.400 then it shows the profound affinity of you what your your claim is and so um we can refine sure we

00:21:54.800 could and we could find ways to do it better what we really need more anything else is an upgrader

00:21:58.800 and that would uh you know help us move those kind of streams into other areas as far as uh what you

00:22:04.320 want to sell to the rest of the world but that's not a big deal i mean we can move uh heavy and light

00:22:10.480 slates of oil anywhere we want in the world and that's where our economic prowess is because we

00:22:15.920 have the resource in in abundance uh let the other nations try to make the massive investments as the

00:22:23.280 united states did by the way you talk about montana the u.s midwest and the u.s uh gulf coast

00:22:30.160 invested very heavily in converting their refineries to taking heavier slates of canadian oil they were

00:22:35.680 getting originally from mexico and some from venezuela but turned out canada was the only reliable

00:22:40.080 place there there wasn't political problems there wasn't uh you know mexico's case heavy oil there

00:22:45.120 uh was contaminated salt water a number of other factors and so canada still tends to have the best

00:22:52.480 product uh that the rest of the world wants and let them refine it through whatever their uh whatever

00:22:57.600 their needs might be locally or domestically i don't know what they are but uh japan or south korea and

00:23:03.760 china have very different very complex refineries let them figure out what they want for their

00:23:08.640 customers they need to be uh they need the raw product we have the raw product that raw product

00:23:13.600 base is the basis on which our national programs and our economic uh uh well-being is based so uh

00:23:22.080 let's not just think about it let's get on and do it when i'm reading when i'm reading this mou

00:23:27.440 dan i'm going through it and i'm you know it's interesting because they they of course they talk

00:23:32.000 about asia quite a bit they talk about expanding the pipeline um and then they talk about megawatts and ai

00:23:38.880 so you know this is kind of alberta canada discussion about power um i thought that was

00:23:45.760 interesting you know they're co-mingling both of the issues uh your thoughts on that well removing

00:23:54.320 the electricity gaps would be very wise as well the regulations which say that alberta can't produce

00:24:00.800 or can't use natural gas or other forms of energy to meet its needs in the coalesce of days

00:24:05.920 that i think was a re a real major irritant for alberta because it meant that they don't have

00:24:11.920 nuclear like we do here in ontario or they don't have hydro like they have in quebec so it put a

00:24:16.960 real street jacket on alberta's future so the fact that they were prepared to provide some relief for

00:24:22.800 this is is great news but there's just so much about net zero that has been extremely damaging and the

00:24:30.000 pursuit of it has been very very uh difficult for uh many regions of the country to try to accommodate

00:24:36.400 and uh when you saddle the golden goose that produces the finances for the rest of this country

00:24:43.280 with uh ridiculous uh regulations that have no basis in fact and aren't going to change a whole heck of a

00:24:49.200 lot short of the technology which exists and is and is reasonably able to accommodate need and

00:24:55.920 functionality uh and you know provide the kind of energy you need to uh to to keep your modern

00:25:03.440 economy that's a real problem of course we all know the future is ai and what that means is for

00:25:09.200 some people very uh very daunting very scary but canada's advantage is its ability to provide that

00:25:16.160 kind of energy and uh there are many regions of the world that won't be able to take advantage of that

00:25:19.920 but canada continues to navel gaze and look after itself look look inward and say hey you know we uh

00:25:25.280 maybe we shouldn't be doing these things because it might you know it might not uh uh accord with

00:25:30.400 our uh climate uh objectives which i as i said is an it is a ridiculous objective um and we have now

00:25:39.120 saddled the economy to a situation where you know it can't continue to thrive or take advantage of

00:25:45.040 the next economy because we uh we're we're too busy trying to figure out how a co2 molecule

00:25:51.200 can somehow change the weather it's a pretty significant stretch and uh it certainly isn't

00:25:56.080 based on any scientific fact by the way to my friends out there who talk about climate denial

00:26:00.240 as they have for 10 years show me the law on climate show me the scientific law on climate

00:26:05.200 because that's the acid test you haven't done it none of your reviews are peer-reviewed and most of

00:26:09.760 the junk we put out is backed by the federal government or backed by foundations organizations

00:26:14.640 that want to hogtie canada's resources and destroy our economy well yeah you know that was always on the

00:26:20.720 previous shows i always made the you know in the debates we were having i just said you know

00:26:25.520 number one i'd like to see the peer review proof number two um i'd like to see uh two two sides sit

00:26:32.880 down and actually debate it and actually go through it with some substantial background data and that

00:26:39.200 and that's always been the you know and then we could get get on with this because we we use it

00:26:43.840 as a blocker on so many levels in canada it's a shame i'm happy in ontario really right now that

00:26:49.680 we're um taking advantage of our power supply for the ai purposes you know our nuclear and everything

00:26:57.360 else i hope they do there um okay so you know say i'm i'm gonna take the opposite side for a minute

00:27:06.160 you can't get through bc

00:27:09.920 so you can't so say this this comes to a head you can't get through bc this thing sort of keeps going

00:27:16.880 on and on do you you go up through norman wells do you go up through the yukon you know i mentioned

00:27:24.880 this earlier and i know i know it's not the preferred uh you know the northwest territories

00:27:31.920 rich with diamond mines uh you know a lot of people uh understand development through the northern

00:27:39.280 northwest territories do you go up and out because i think at this point we're kind of running out of

00:27:44.080 time to your point we can keep having these discussions and then the timeline to do that

00:27:49.600 like is it a is it on is it not feasible at this point well bc is saying no to oil pipelines and

00:27:57.040 natural gas pipelines bc should also shut down its own uh pipelines it shouldn't be allowed to do it

00:28:02.400 not that it has the constitutional authority to do it bc hasn't got a card to play here nice to be

00:28:06.800 consulted uh but the uh the interest of the many and the majority who do support pipelines has to come

00:28:12.720 before the uh you know the uh the interests of a handful of individuals who up to now have uh stymied

00:28:19.680 the canadian economy and uh frustrated it because they want to walk around uh and and pretend that

00:28:25.200 somehow we're doing something bad for the environment british columbia is a part of canada it signed on in

00:28:30.080 1871 it has no choice and uh at the end of the day federal government makes a decision it has to stand

00:28:35.760 behind they can't do it to do with the trans mountain pipeline remember what happened there

00:28:39.920 and i mentioned it earlier the trans mountain pipeline expansion built by kinder morgan was

00:28:45.520 approved by the federal government they gave their imperature they put the crown signature on this

00:28:50.160 and then bc and a couple of others started saying oh we're gonna take pot shots of this thing and they 0.99

00:28:53.840 did right and you know morse said to hell with you we're gonna sue your backside because you're not 0.95

00:28:58.480 defending uh your your commitment to mr trudeau and mr ottawa so uh we're gonna we're gonna launch a legal 0.97

00:29:05.920 action to his credit uh bill morneau was given the solid advice his finance minister said we're

00:29:11.040 gonna lose this case it's a slam dunk he bought that and then of course for five six billion for 0.93

00:29:16.800 add another 44 billion to build the damn thing so i think bc's done enough damage uh put up or shut up 0.98

00:29:23.200 and that's not being disrespectful that's you've had your kick you've had your case you've had your 0.99

00:29:27.440 kick you've got a government's barely clinging to power with the help of the uh of the of the greens it's

00:29:32.640 time for reality and the fanatics to move aside they've uh they've made a real mess of things

00:29:38.240 there's nothing wrong with what we're doing anybody who says anything about uh environmental disaster

00:29:42.800 be it better be aware of these things it's called gps we didn't have them in the 1970s or 1980s when

00:29:48.160 we had the exxon valdez there have been no issues of spills on the transmount existing transplant 0.98

00:29:53.520 pipeline pipeline which has been around since 1953. now i'm born 62 so that means that the damn 0.72

00:30:00.880 thing's over 70 years old has 72 years old and has never caused a single problem so if we're going 0.70

00:30:06.320 to worry about uh you know what might happen i'd be more concerned about walking down young street

00:30:11.040 somewhere in toronto and slipping on a banana peel the likelihood is greater that i would hurt myself

00:30:15.520 and have that kind of a fortune than another spill as far as transiting is concerned the companies are

00:30:20.880 going to spend a lot of money with pilots that's these big navigation instruments yeah and these

00:30:25.840 double-hauled ships uh i don't buy the nonsense anymore if you're going to obstruct simply because you have

00:30:30.560 an ideological reason for obstructing that's fine there's a place for that it's a political arena

00:30:34.960 at the end of the day a decision is made by the federal government federal government has to stand

00:30:38.960 up and defend it or canadians are going to be told to pay another 50 billion bucks of money they don't

00:30:42.720 have to uh to back end uh to backstop a federal government that had to ultimately build this pipeline 0.73

00:30:49.040 or it would have been a major breach yeah no i'm with you you know the risk of spills in this day and

00:30:55.760 ages are pretty remote i do agree with you on that one and uh you know you don't hear that

00:31:01.840 you know the tanker ban of course uh you know they use the argument for sure but uh you don't

00:31:08.480 hear much about it other than from the first nations or the indigenous peoples um when they

00:31:14.960 we're hearing from the coastal first nations it's not even it's not even a tribe has no title to rights

00:31:21.040 or lands it isn't a ban this is a group of uh climate fanatics uh hijacking a couple of uh

00:31:28.640 of natives to pretend that they speak for uh the coastal uh groups there they don't have any

00:31:34.640 standing or authority other than that which we're prepared to give them and i think frankly

00:31:38.640 a smart government would simply ignore them so when you hear the word coastal first nations

00:31:43.840 it's baloney it's a phony organization it's paid for by the uh tra the tides and of course the

00:31:50.240 rockefeller brothers uh foundations and charitable organizations but they represent no indians when

00:31:55.520 northern gateway was scuffered in 2016 2017 do you realize there was hundreds of bands the vast

00:32:01.840 majority of 92 93 of the 102 that said yes to this thing and they were told go to hell drop dead we're 0.85

00:32:09.200 not doing this now so we bent over backwards to an organization that doesn't represent native indians 0.80

00:32:14.160 certainly doesn't represent the majority and for which uh you will anybody who thinks we can consensus on

00:32:19.200 this is is is lunatic that'd be like consensus in canada say that we should all pay taxes there

00:32:24.080 will never be consensus and there can't be but the country is diverse as ours there's always going 0.87

00:32:28.400 to be a diversity of opinion we work around the obstacles as we have done in the past and we make

00:32:33.200 a decision that's good for everyone right now for indigenous people ownership of these pipelines

00:32:40.080 and generations of economic improvement is far more important than someone trying to give me some

00:32:45.840 trendy nonsense about how they think an inert gas like co2 is somehow going to bring the end of the

00:32:50.880 world uh in the next five to ten years they've been wrong for the backs of 20. i don't believe these

00:32:55.680 people anymore they are significant in their mendaciousness and their willingness to lie and

00:33:00.480 they're lying because they want to basically grift government and that's how they uh that's how they

00:33:04.640 make their money create and invent a crisis that is non-existent and for which canada has very little

00:33:11.280 role to play work to be true and then back that up with uh people who really see a lot of federal

00:33:16.400 government money and other taxpayer dollars to go and reinforce a message which is just fundamentally

00:33:22.480 scientifically dishonest and borders very much on the kind of uh uh phony science that uh you know

00:33:28.800 have got us in this problem to begin with so dan i didn't know that actually it's interesting because

00:33:34.240 you do in you know mainstream media you see the coastal nations you know they they're always on the

00:33:40.400 screen talking that one gentleman i forget his name but so they're not part of the afn or they're

00:33:45.440 they're not well they can say they're part of it you're just a an adage but they're not they're not

00:33:50.160 a band so they have no tribal right they have no land right they have no claims whatsoever

00:33:55.680 they're basically an organization that pretends to speak for uh natives and that's fine you can 0.99

00:34:00.720 pretend you can i can pretend i can speak for uh native people uh my mom is native metis but i don't play

00:34:06.720 that game they do and they make a lot of money doing it and they can encourage

00:34:10.400 tens of millions of dollars coming from the uh from the uh betty and richard moore uh foundations

00:34:17.120 the tide foundations the rockefeller foundations i mean the now amount of organizations involved with

00:34:23.360 and receive money from these uh from from groups committed to stopping pipelines and blocking uh energy

00:34:30.320 and frustrating energy projects is is significant but this group coastal firstly when i hear them

00:34:36.400 ignore them they have no standing and no one's got the intestinal fortitude when i was a member

00:34:40.800 of parliament i would have taken them on and said who the hell do you think you represent

00:34:44.000 other than the interests of a handful of uh so-called charitable organizations who aren't undergoing any

00:34:49.440 type of uh you know scrutiny or any type of uh of accounting uh rigors in terms of who the hell you

00:34:56.000 are if you're a charity you should be doing charitable work not trying to frustrate the resource

00:34:59.600 development of the country that desperately needs it in order to keep what we call social charity in

00:35:04.160 canada that is our social programs viable and our economic momentum going yeah no interesting hey

00:35:11.120 you know you've been in the political game i gotta ask you so coming out of the week you know and with

00:35:15.520 the kind of the kabuki theater and all the silliness we saw kind of going back and forth if you're

00:35:22.400 sitting on the conservative side now what do you do i think you wait and uh i you know i've said to

00:35:30.000 some conservatives and they they were surprised i did this but i said to them be thankful you didn't

00:35:34.800 win the last election because canadians uh are quickly realizing that they've been had um there's

00:35:41.440 no more excuses as to why they should be voting for a party that for past four or five elections has done

00:35:48.080 what it has but done to drive canada's economy into the uh into the proverbial uh snowbank and uh you know

00:35:56.320 if uh all these things are being promised and you never deliver on them there's only so many uh so

00:36:03.280 many opportunities the government will have to continue to swindle people and you know in 2015

00:36:08.240 it was dope in 2019 it was climate bedwetting in 2021 it was uh uh covet hysteria in 2025 it was orange

00:36:15.760 man bad canadians are running out of excuses and liberals are running out of excuses to try to uh to

00:36:22.160 uh just distract canadians from understanding just how significantly uh um decrepit their financial

00:36:30.080 situation has become no one is better off today than they were 10 years ago and no one feels that

00:36:35.200 way it's only a matter before that translates in political boats and i think the longer the

00:36:38.880 conservatives just hold out and say told you so then i think they will win the next election and

00:36:43.600 they will be able to bring about change either that or there will be a serious problem in the country

00:36:49.760 in which we have uh you know uh tensions in the west and tensions in quebec and ontario

00:36:57.200 people feel very much alienated or a federal government that continues to push an agenda

00:37:02.160 versus what's in the best interest of uh of canadians and and what do they do specifically

00:37:08.080 on oil and gas so i'm trying to you know after they played this hand this week

00:37:13.760 you know and i'm thinking to myself what did they go back at it again or do you see them

00:37:18.400 does it does it come back on the floor as an issue or do they just let it ride now so

00:37:24.320 well the house doesn't come back till what beginning of february into january

00:37:28.800 we're february march april may and june and that's it you got five months stopwatched to july one

00:37:35.440 if that pipeline isn't uh isn't uh rubber stamped and uh on its way then i think we uh there's a political

00:37:43.040 crisis um the scale we're seeing but that's probably what the currently delayed i suspect

00:37:48.640 you'd like to have a spring election we'll see how that works um you know there's just no more

00:37:55.440 um positivity coming from the uh indices in the canadian economy and i don't care how many people

00:38:01.120 want to say things are just going great and everything's tickety-boo they're not people out

00:38:06.160 there know it's bad they know that it's becoming more and more expensive to make ends meet they

00:38:13.120 don't see a future for their children they're worried about their ability to pay their mortgage

00:38:19.440 or pay their rent pay their utilities uh and there's a growing concern that the government has

00:38:26.400 basically spent uh the silos you know to bear to the point where any type of real crisis post uh

00:38:35.040 trump or tariffs uh is going to really put canada's economic uh future in in in significant jeopardy

00:38:42.720 and so i'm not one who likes to say bad news is good news for the conservatives that's not what this is

00:38:47.760 about but we have been following this dei esg policy for quite some time and it's had a ruin a

00:38:56.000 ruining effect on uh on the future of the country in this direction save and accept those who have an 1.00

00:39:01.280 angle paid for by the government have a contract with the government work in some form of government

00:39:07.120 sinecure or may have been hired as a result of being social workers i'm not taking away from that

00:39:12.880 the numbers simply don't add up to a positive economic outcome why

00:39:17.440 on labor alone 19 percent sorry 16.5 increase in the private sector since uh 2015 45 on the government

00:39:28.000 side on the pro on the public side that's not sustainable and we all know that so it's only

00:39:33.200 a matter of time before these things begin to catch up the future is uh uh as the economy goes so does

00:39:39.440 the uh so does the political uh winds of uh fortune and i think for now a lot of people are now starting

00:39:45.520 to realize they've been had again as much as they want to believe mark carney's the best thing since

00:39:49.680 sliced bread again as he did in his time when he tried to claim in 1997 he had something to do with

00:39:55.200 the uh balancing of the budget and uh helping us through the global meltdown in 2008 i was there

00:40:01.040 right right right front center he had nothing to do with those things it's one thing to claim you're

00:40:05.840 going to do something it's quite another thing to do another i think canadians are waiting for

00:40:08.880 you know uh their proverbial where's the beef here mr carney he talked a lot about great things you're

00:40:13.600 going to do and you've accomplished absolutely nothing you've been there almost a year by then

00:40:17.280 we get to february dan just before we go i just want to ask you so best case scenario so i'm trying

00:40:22.720 to figure out you know being a builder uh uh trying to figure out kind of approvals happen so say we

00:40:29.360 come back in february things go forward um the moq gets executed say it goes perfectly at that point

00:40:36.320 what are we talking timeline wise to get the pipeline into gear and and moving and built and

00:40:41.840 roughly i know it's a tough uh you know you never know with all the delays and everything but

00:40:46.240 if you were in a perfect world when do you see that coming online yeah well if uh they use the enbridge

00:40:52.640 route which had already been approved and put in place until it was it was uh it was removed um

00:40:57.920 it wouldn't take much time the next one would be the logistics so probably a year from then you start

00:41:02.320 to build another year and a half before we finally build this could be gone by 2028 or up and running by 2027

00:41:08.400 2028 uh the mere fact that it's happening uh would stimulate the economy dramatically and i just i

00:41:16.160 know i just want to make it very clear to people 60 a barrel times a million you know so you think

00:41:22.080 about that 60 million a day times 365 is 21 20 24 billion bucks in economic activity comes as a result

00:41:30.400 of this annually permanently that's good for indigenous groups that's good for the rest of the world because

00:41:35.520 it would ensure that a reliable supplier like canada can continue to supply the rest of the world it

00:41:40.400 would also do something to get rid of the massive discount that we currently play with the pay with

00:41:44.480 the united states americans are very happy not surprised to see some american foundations they're

00:41:49.840 not the only ones trying to keep canadian oil in because americans are buying our oil on us dollars for

00:41:55.280 45 bucks a barrel not 60 bucks a barrel it is in their interest to make sure canada's uh roots outside of

00:42:02.320 uh its existing uh confidence existing infrastructure remains hogtied uh that way we only have one market

00:42:09.920 we need more and the rest of the world has come to our door saying please provide it well dan thanks

00:42:14.800 i really appreciate the time today and and uh look forward to talking to you in the new year and

00:42:20.640 hopefully you know when we're talking next we're getting some positive results moving forward and

00:42:25.440 uh happy a great holiday and we'll see you soon i'm looking forward to that thanks for having me

00:42:31.280 merry christmas and i will see you in the new year hopefully with good news this time

Canada’s Energy Crossroads： Dan McTeague Speaks

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