Mark McQuaid Boyd is a principal with Council Alberta, a government relations and public relations firm. She is also the former Minister of Energy for Alberta and served as the Energy Minister for the former NDP government from 2006-2009.
00:00:00.000I'm here with Mark McQuaid Boyd. She is a principal with Council Alberta, a government and public relations firm.
00:00:19.120She's also the former Minister of Energy for Alberta. Yes, with the NDP, but in fairness, she was about as good as you can get for an NDP energy minister.
00:00:29.620You took that well. Kidding aside, she's a great lady and actually has done a lot for the energy industry in Alberta.
00:00:40.060I can attest to that because she's here at the Global Energy Show with us and is quite warmly received around here.
00:00:46.700We just had Robbie Picard walk by right now. Robbie's one of my good friends.
00:00:50.760That is about as hard, ardent an advocate of the energy industry as you're going to get, and he likes you.
00:01:51.120Some of it will just start, you know, your reaction to where we're going right now.
00:01:55.240We've had the, I guess, the introduction of executive orders to Canada, where the prime minister signs a big piece of paper and laws change.
00:02:03.000The consumer carbon tax is gone, federally and provincially.
00:02:10.780I guess maybe just your thought on what's happened on the carbon tax front start.
00:02:14.340Well, I think that was a good start. Take away the consumer part. It never was popular, and, you know, maybe look at a different way to do things.
00:02:24.020I think they're going to look at the industrial land and sea, because, you know, we have it here in Alberta still, and it's probably the TIER program.
00:02:35.220Yeah, and a lot of industry actually likes it, because it's a pot of money that they can use, you know, for decarbonizing or trying different things.
00:02:44.640So, I think there'll be an appetite for it to stay in some fashion, but whether it changes to be a cap-and-trade type system or whatever.
00:02:55.020I could see where they actually might keep it as a voluntary program.
00:02:57.000Absolutely, pay it through a fund, and then you have access to that fund.
00:03:00.040And I do get the impression that Prime Minister Carney is willing to listen and understand, you know, what industry wants.
00:03:09.060So, I think it's good that it's staying for the moment and figure out what's going to work for industry.
00:03:14.220You could go one of several ways on that.
00:03:16.400I think the Liberals, they repealed the carbon tax, not out of principle.
00:03:21.100I mean, weeks before, they were saying, this makes us all richer and it's great, blah, blah, blah.
00:03:26.020But then they got rid of it. They had to politically.
00:03:28.260But they kept the industrial carbon tax.
00:03:31.740I've gotten a sense, a bit from Carney, especially from Gilbo.
00:03:36.520He's not in the environment or energy portfolio anymore.
00:03:39.600But he's still sitting around the cabinet table.
00:03:41.180He was saying that, and Carney was saying, but in Coyer language, that the burden is going to shift from consumers to industry.
00:03:47.920Do you read that as perhaps that they're going to continue increasing the industrial side of the carbon tax to make up for, from their perspective, losses on carbon emissions from the consumer side?
00:04:00.120Hard to say. I hadn't heard that comment.
00:04:24.480I think it's important to look at industry.
00:04:26.960If we do want to decarbonize globally, and we heard some of that today in some of the speeches I was listening to, we have to get the money from somewhere.
00:04:36.160So maybe it is, like you said, either a continuing carbon tax on industry or a voluntary one and that you have access to the dollars remains to be seen.
00:04:46.760But I do get the sense the government wants to talk about it.
00:04:50.060And, you know, he's at the cabinet table, but it's not his portfolio anymore.
00:04:54.900He talks to the media like it kind of.
00:09:28.720I mean, where do you think it kind of fits into the mix at something like the global energy show here?
00:09:33.140You know, it's just, it's another option.
00:09:35.860Even the minister this morning, who is the head of OPEC, said that everything's a mix.
00:09:41.980And it's what works for different countries, what works.
00:09:44.780And even they are going into renewables.
00:09:46.980And I don't know about hydrogen, but they're going into, you know, a lot of mixes of energy.
00:09:53.020And I think this show exemplifies that, that it is energy in all forms.
00:09:58.240And, you know, as you said, nuclear has been brought up a couple times this morning.
00:10:03.780And hydrogen is going to be just one more of those.
00:10:06.800You know, right now, we're talking to people about converting their vehicles, like industrial-sized vehicles or fleets, from diesel to hydrogen.
00:10:20.520And in this day of, you know, the trucking industry is just pennies that you make.
00:10:26.180That can matter for them, converting to hydrogen.
00:10:29.720But if they convert to hydrogen, they have to be happy that, or know, that there's going to be places to fill up.
00:10:37.180So it's kind of a chicken and egg thing right now for the industry to build the need, but also the supplies.
00:10:44.860Well, are there ways to build the need that don't go the route of mandates?
00:10:49.580You know, when I see California and until recently the U.S. federal, actually part of the big falling, I guess, when Trump and Musk was getting rid of EV mandates.
00:10:57.540You know, when I see guys like Gilbo and Farber Trudeau, when they talk about banning my, you know, my gas-powered truck, I'm like, well, I'll drive my truck into the ground, and then I'll learn to fix it like a Cuban or something.
00:11:19.100But are there ways you can think of building demand that aren't based on massive subsidies or mandates the way this was kind of done with EVs?
00:11:53.420But, no, I think, you know, it's, when it's a nascent industry like this, you know, government maybe has to look at maybe some temporary help at the beginning, just like we did with the oil sands many years ago to get it going.
00:12:09.800But it should never be some program that you become dependent on.
00:12:15.640So, you know, in the case of hydrogen, maybe looking at subsidizing, you know, until they can get it commercialized, maybe the rate that people pay for it.
00:12:28.860Because as long as it's in the non-commercial stage, it's going to be expensive until you can, you know, get it up.
00:12:37.420So, some kind of policy that helps it become equal with other options.
00:12:42.480And then it becomes, you know, a way for somebody to consider, okay, maybe I can convert my fleet because it's not going to cost me any more and it will be cheaper than diesel or whatever.
00:12:54.440I understand that, but I mean, quote Milton Friedman, I mean, not the most popular guy in the NDP, but I think you might agree.
00:13:02.080He said there's nothing so temporary as a, nothing so permitted as a temporary government program.
00:13:06.420And that's unfortunately proven quite, but there have been exceptions, you know, there was government involvement, at least at the technology level, in getting the oil sands started.