WEBVTT 1 00:00:04.200 --> 00:00:23.559 Thank you for listening to Depictions Media Radio. Welcome to 2 00:00:23.600 --> 00:00:29.760 policy and rights. Show up back, welcomer policy, human joys. 3 00:00:57.200 --> 00:00:59.079 All right, welcome back to policy and right here in 4 00:00:59.119 --> 00:01:04.840 Depictions Media Radio, I'm your host, Michael Cloggs. Well from 5 00:01:05.200 --> 00:01:10.040 Mark Karney as he assigned a new deal with Dandiel 6 00:01:10.159 --> 00:01:20.640 Smith and Well, it was called a memorandum of understanding. Okay, 7 00:01:21.319 --> 00:01:26.920 So the world is changing rapidly. The United States, the 8 00:01:26.959 --> 00:01:33.079 world's largest economy, is fundamentally reshaping itself trade relationships, causing 9 00:01:33.120 --> 00:01:37.920 major disruptions and uppeople for Canadians. It is time to 10 00:01:38.000 --> 00:01:42.239 transform our economy from one that is reliant on a 11 00:01:42.359 --> 00:01:47.319 single trade partner to one that is stronger, more independent, 12 00:01:47.599 --> 00:01:54.239 resilient to global shocks. To these ends, Canadian Canada and 13 00:01:54.959 --> 00:02:01.599 Alberta shared the same ambitions to diversify and export markets, 14 00:02:03.159 --> 00:02:11.240 make Canada an energy superpower, and build a stronger, more sustainable, 15 00:02:12.120 --> 00:02:18.360 more competitive economy. So Mark Kartney and Danielle Smith on 16 00:02:18.400 --> 00:02:23.719 November seventh, November twenty seventh signed a deal with this 17 00:02:23.960 --> 00:02:29.680 memorandum of understanding. This framework is an agreement will strength 18 00:02:30.479 --> 00:02:35.199 strengthen a federal provincial collaboration in the energy sector to 19 00:02:35.400 --> 00:02:42.000 achieve a net zero emissions by twenty fifty, unlock the 20 00:02:42.199 --> 00:02:48.599 full potential of Alberta's energy resources, and create hundreds of 21 00:02:48.599 --> 00:02:58.879 thousands of new, high paying careers for Canadians. The MoU 22 00:02:59.240 --> 00:03:05.199 is built on practical solutions, a stronger effective, more industrial 23 00:03:05.240 --> 00:03:13.319 carbon pricing, major private sector investments, clean technologies, and expand 24 00:03:13.560 --> 00:03:24.120 the responsiveness and development for workers and communities. So let's 25 00:03:24.159 --> 00:03:29.759 go down here. The Canada energy sector will reduce emissions 26 00:03:29.759 --> 00:03:35.759 and deliver sustainable economic benefits including a more than sixteen 27 00:03:35.879 --> 00:03:48.199 billion dollars GDP and more than thousand, forty thousand jobs annually. 28 00:03:49.240 --> 00:03:55.240 Upon receipt of the proposal from the Government of Burden, 29 00:03:55.400 --> 00:03:59.840 the Government of Canada will provide a clear and efficient 30 00:04:00.199 --> 00:04:07.280 proofal process for building Canada Act for Construction of a 31 00:04:07.439 --> 00:04:11.120 new pipeline. Ah, there it is, and that's what we're 32 00:04:11.159 --> 00:04:16.680 looking for, folks. Construction of a new pipeline of the 33 00:04:16.879 --> 00:04:20.639 pipe to be financed and constructed by the private sector 34 00:04:20.759 --> 00:04:29.639 with Indigenous people, people's ownership and benefits. It would transform 35 00:04:29.879 --> 00:04:35.680 at least one million low emission barrels per day to 36 00:04:35.959 --> 00:04:43.160 asing markets. As a priority. As a prerequisite to this project, 37 00:04:43.600 --> 00:04:50.040 pathways plus means Alberta would export more some of the 38 00:04:50.160 --> 00:04:57.040 lowest carbon intensity oil produced in the world. 39 00:04:59.079 --> 00:05:01.160 So here we. 40 00:05:03.720 --> 00:05:09.519 The MoU outlines what Canada and Alberta can build and 41 00:05:09.600 --> 00:05:15.920 how they can build it. These projects will only be 42 00:05:16.000 --> 00:05:20.800 built in consultation, in partnership with Indigenous people, right holders 43 00:05:20.879 --> 00:05:22.160 and British Columbia. 44 00:05:23.360 --> 00:05:24.160 They will. 45 00:05:25.439 --> 00:05:32.000 Create an unprecedented opportunities for indigenous co ownership partnerships and 46 00:05:32.439 --> 00:05:43.600 economic benefits. And as a quote, in the face of 47 00:05:43.680 --> 00:05:51.600 global trade shifts profiled uncertainty, Canada and Alberta are striking 48 00:05:51.680 --> 00:05:59.480 a new new partnership to build stronger, more sustainable, and 49 00:05:59.759 --> 00:06:07.319 more independent Alberta and Canadian economy. We will make Knada 50 00:06:07.399 --> 00:06:15.800 and energy superpower, drive down the emissions, and diversify export markets. 51 00:06:16.959 --> 00:06:29.199 We will build things, and we're building bigger and faster together. Okay. 52 00:06:29.879 --> 00:06:36.439 So one of the problems with this whole proposal, and 53 00:06:36.519 --> 00:06:41.120 we're going to actually hear Mark Karney as he has 54 00:06:41.519 --> 00:06:46.360 spoke at the I believe it's the Calgary Board of 55 00:06:46.439 --> 00:06:52.079 Trade about this particular project. Hey, I understand how Alberta 56 00:06:52.160 --> 00:06:56.000 being all on Boartant because hey, it's a great economic 57 00:06:57.199 --> 00:07:03.279 development for them, and hey, the to be totally honest 58 00:07:03.319 --> 00:07:09.600 with you. It's low risk for them because British Columbia 59 00:07:09.720 --> 00:07:13.279 takes up all the risk. British Columbia takes up the 60 00:07:13.360 --> 00:07:22.160 risk of the leaks and spills from the pipeline. British 61 00:07:22.160 --> 00:07:25.879 Columbia takes up all the risks for the tankers that 62 00:07:26.000 --> 00:07:30.839 are going to ship the beachamen across the Pacific to Asia. 63 00:07:31.120 --> 00:07:34.959 They take up the risks for that if if a 64 00:07:35.120 --> 00:07:39.279 tanker spills, it winds up on the Pacific coast of 65 00:07:39.680 --> 00:07:48.959 British Columbia, not Alberta. There are many, many problems with 66 00:07:49.600 --> 00:07:53.199 what they're what they are proposing, and there are a 67 00:07:53.199 --> 00:07:58.319 lot of benefits to it, because hey, right now Alberta 68 00:07:58.399 --> 00:08:06.240 can only ship they're oil to one customer, the United States. Well, 69 00:08:07.600 --> 00:08:10.160 that just simply isn't good enough. Because we have Donald 70 00:08:10.199 --> 00:08:14.879 Trump down there. He's disrupting everything, trade agreements and whatever. 71 00:08:15.920 --> 00:08:21.199 We're all seeing it. And his major tool for Donald 72 00:08:21.199 --> 00:08:28.000 Trump is his major tool is disruption. What he does 73 00:08:28.160 --> 00:08:32.360 is he takes that he disrupts everything so that he 74 00:08:32.399 --> 00:08:36.840 can come out on top. Notice I said he can 75 00:08:36.840 --> 00:08:39.440 come out of the top, not America come out on top. 76 00:08:39.679 --> 00:08:43.639 So there is no real benefit to Americans, there's only 77 00:08:43.639 --> 00:08:50.519 benefits to Donald Trump. But with all that put aside, 78 00:08:50.720 --> 00:09:00.399 the pathway that Alberta expects the tankers to go is 79 00:09:00.960 --> 00:09:07.840 troubled waters. The pipeline itself. All pipelines leak. There is 80 00:09:07.879 --> 00:09:11.080 no such thing as a pipeline that does not leak 81 00:09:11.200 --> 00:09:16.879 somewhere there it leads behind some environmental damage and that 82 00:09:16.960 --> 00:09:19.200 has to be worked out. That also has to be 83 00:09:19.279 --> 00:09:22.600 worked out so that it's done within stewardship and in 84 00:09:22.639 --> 00:09:25.559 accordance to the traditional lands that it is going to 85 00:09:25.639 --> 00:09:30.759 cross for the indigenous people. There are a lot of 86 00:09:30.759 --> 00:09:35.000 things that need to be settled before they start putting 87 00:09:35.000 --> 00:09:39.519 this pipeline together. This isn't a new project. This is 88 00:09:39.759 --> 00:09:46.919 a rehashed project that was that was first when they 89 00:09:46.960 --> 00:09:51.200 tried to put put it across as the tnx or 90 00:09:51.279 --> 00:10:02.279 trans Mountained Expansion project was fought back by UH Premier 91 00:10:02.360 --> 00:10:07.000 John Horgan that hey, there's a lot of problems, a 92 00:10:07.039 --> 00:10:10.759 lot of environmental problems with it and those things need 93 00:10:10.799 --> 00:10:16.000 to be fixed before they bring it across British Columbia. 94 00:10:17.600 --> 00:10:21.559 And when I talk about trouble waters, I do mean 95 00:10:21.639 --> 00:10:25.240 trouble waters the path that they want to bring the 96 00:10:25.279 --> 00:10:32.559 tankers down through the coastline or along British Columbia that 97 00:10:32.600 --> 00:10:35.399 we bring it between the Golf Islands and the end 98 00:10:35.559 --> 00:10:41.279 the mainland for British Columbia is trouble waters. They need 99 00:10:41.320 --> 00:10:44.759 to to divert that so that it goes the other way, 100 00:10:45.600 --> 00:10:53.080 and it's a more x more expensive, maybe a longer 101 00:10:53.200 --> 00:10:57.519 way of routing the tankers that it actually cross does 102 00:10:58.200 --> 00:11:01.919 does before it hits the inner National waters. Those tankers 103 00:11:02.799 --> 00:11:06.720 will probably hit the United States waters first, causing a 104 00:11:06.840 --> 00:11:11.600 possible tariff. There are some problems in either direction whichever 105 00:11:11.679 --> 00:11:16.039 way we bring bring the tankers in, but we need 106 00:11:16.080 --> 00:11:21.840 to think about environmentally first that if you bring the 107 00:11:21.879 --> 00:11:26.679 tankers through on the roughest waters uh as as it 108 00:11:26.720 --> 00:11:33.919 comes between the Gulf Islands and the mainland British Columbia, 109 00:11:34.559 --> 00:11:40.960 if something spills that miles and thousands, I mean thousands 110 00:11:41.000 --> 00:11:46.480 of miles of coastline are affected by a tanker spell. 111 00:11:46.919 --> 00:11:52.080 If it happens that there are coastal towns that are 112 00:11:52.120 --> 00:11:56.480 dependent on tourism, and hey, I live in one of 113 00:11:56.519 --> 00:12:02.679 those towns. We are broadcasting from one of those towns 114 00:12:02.720 --> 00:12:10.480 that would be drastically affected by coastal damage. If a 115 00:12:10.559 --> 00:12:12.879 tanker was to spell on it because it will wash 116 00:12:12.919 --> 00:12:18.360 straight up onto that coastline for British Columbia. And as 117 00:12:18.440 --> 00:12:22.120 yet we have yet to hear anything about how this 118 00:12:22.200 --> 00:12:24.879 is going to be dealt with, who's going to be 119 00:12:25.000 --> 00:12:29.080 responsible for cleaning it up, who's going to pay the 120 00:12:29.120 --> 00:12:33.879 bill to clean it up, and how will the coastal 121 00:12:33.960 --> 00:12:37.720 businesses are dependent on that tourism while it is being 122 00:12:37.799 --> 00:12:43.120 cleaned up, are going to be compensated for the loss 123 00:12:43.120 --> 00:12:49.919 of business. There are no mentions about this. This is 124 00:12:49.960 --> 00:12:54.559 all happy, happy. We're going to sell oil to Asian 125 00:12:54.639 --> 00:13:04.919 companies or Asian countries I say, like China and in 126 00:13:05.039 --> 00:13:09.080 Korea or or Vietnam or someone like that that that 127 00:13:09.480 --> 00:13:20.000 are desperate for a cleaner and an easier processed crude 128 00:13:20.000 --> 00:13:29.279 oil product like Alberta beechamin. It isn't it isn't that 129 00:13:30.000 --> 00:13:35.759 we need to shut something down because it's a waste, 130 00:13:35.919 --> 00:13:40.120 a waste of time and money. It is a we 131 00:13:40.240 --> 00:13:45.480 need to rethink the path that we're taking for the 132 00:13:45.559 --> 00:13:50.519 products so that we don't wind up with a dead 133 00:13:51.039 --> 00:13:59.919 coastline that the coastal animals like the whales, the or 134 00:14:00.679 --> 00:14:07.720 the seals will be drastically affected, the businesses being affected 135 00:14:07.759 --> 00:14:11.919 by the coastal shutdown, because hey, you can't walk on 136 00:14:11.960 --> 00:14:16.480 a beach that has crude oil on it, and how 137 00:14:16.559 --> 00:14:19.279 much of that coastline is actually going to be affected 138 00:14:19.279 --> 00:14:26.759 and how it can be quickly contained so that the 139 00:14:26.960 --> 00:14:36.120 containment minimizes the effects of the damage. So with that 140 00:14:36.240 --> 00:14:38.559 all that being said, we're also going to hear from 141 00:14:38.720 --> 00:14:41.240 in the in this episode, we're going to hear from 142 00:14:42.159 --> 00:14:50.200 Elizabeth May, who is MP on the Coastal Islands of 143 00:14:50.279 --> 00:14:53.799 British Columbia, and we're also going to hear from David Eby, 144 00:14:53.919 --> 00:14:59.120 the premiere of British Columbia, who has quote unquote called 145 00:14:59.200 --> 00:15:05.559 this pipeline a pipe dream. So why don't we get 146 00:15:06.159 --> 00:15:10.080 started and let's hear from everybody as it falls down 147 00:15:10.120 --> 00:15:23.279 with starting from Calgary and moving forward from there. 148 00:15:23.279 --> 00:15:23.519 Great. 149 00:15:23.720 --> 00:15:38.720 Thank you very much. Wow, Thanks Laric Messivo code, thank you, wow, 150 00:15:40.799 --> 00:15:41.679 thank you very much. 151 00:15:43.559 --> 00:15:48.240 That means that means the world to me, and that 152 00:15:48.399 --> 00:15:52.679 shows just what this room is. A room that's ready 153 00:15:52.679 --> 00:15:55.480 to get things done, a room that's been held back 154 00:15:55.519 --> 00:15:57.240 but now ready to get things done. And that's what 155 00:15:57.519 --> 00:16:02.720 today is about. I want to start by just acknowledging 156 00:16:03.039 --> 00:16:08.120 Ministers Old Schevsky and Hodgson, my fellow MP Corey Hogan, 157 00:16:10.960 --> 00:16:16.759 Premier Kenny former Premier Kenny Jason, a tremendous public servant 158 00:16:17.399 --> 00:16:22.519 of this province, of this country through challenging times. I'd 159 00:16:22.559 --> 00:16:30.120 like to welcome Meri Farcas. My dad can't lose weight 160 00:16:30.120 --> 00:16:31.840 with tai chi, so it's a scam. 161 00:16:32.080 --> 00:16:35.279 Oh no, no, he probably just doing it wrong. Most 162 00:16:35.320 --> 00:16:38.000 men do tai chi wrong and that's exactly why they 163 00:16:38.039 --> 00:16:38.879 can't lose weight. 164 00:16:39.200 --> 00:16:43.480 How old is your father? He is fifty six? Oh perfect. 165 00:16:43.519 --> 00:16:45.960 By the end of November, you won't even recognize him. 166 00:16:46.039 --> 00:16:48.120 But what if he hasn't worked out in years? 167 00:16:48.240 --> 00:16:51.840 That's even better. Tai Chi was built for men forty plus. 168 00:16:52.200 --> 00:16:54.240 Isn't the gym better after forty. 169 00:16:54.200 --> 00:16:55.120 The gym breaks you. 170 00:16:56.159 --> 00:16:58.840 Tai Chi will make you feel better and lose weight 171 00:16:59.000 --> 00:17:00.440 faster than in your time twenties. 172 00:17:00.639 --> 00:17:02.120 Does he need any equipment? 173 00:17:02.559 --> 00:17:03.840 No, his body is enough. 174 00:17:05.240 --> 00:17:07.920 Just just do it for nine minutes a day and 175 00:17:08.000 --> 00:17:09.599 see your body feel younger. 176 00:17:09.720 --> 00:17:10.960 So what's the first step? 177 00:17:11.400 --> 00:17:14.279 Click the link, get the app and start tomorrow. 178 00:17:26.640 --> 00:17:30.920 In between the federal government, Alberta, British Columbia and Indigenous 179 00:17:31.079 --> 00:17:37.240 peoples and rights holders. It will create opportunity for significant 180 00:17:37.240 --> 00:17:43.680 Indigenous ownership and economic benefits. I'm going to say, because 181 00:17:43.680 --> 00:17:46.119 the mayor is here, I'm going to say that while 182 00:17:46.160 --> 00:17:51.279 we're building a nation, we're also focused on building our communities, 183 00:17:52.160 --> 00:17:57.599 new hospitals, public transit, recreation facilities, arts centers. We've created 184 00:17:57.640 --> 00:18:01.200 a new fifty billion dollar Build Community Strong fund in 185 00:18:01.240 --> 00:18:05.119 the budget, and through Build Canada Homes will work with 186 00:18:05.319 --> 00:18:12.119 municipal municipalities to supercharge housing construction, including new factory technologies 187 00:18:12.160 --> 00:18:15.720 such as those pioneered by ATCO and others that cut 188 00:18:15.759 --> 00:18:19.160 building times by fifty percent, reduced costs by twenty percent, 189 00:18:19.240 --> 00:18:23.599 lower emissions by twenty percent. And this work is already 190 00:18:23.640 --> 00:18:29.160 getting under way in Alberta. In Edmonton. Yeah sorry, in 191 00:18:29.240 --> 00:18:32.559 Edmonton you started clapping for Emonton. That's good, that's good. 192 00:18:32.599 --> 00:18:37.480 Let the let the records show this. You see, cooperation 193 00:18:37.720 --> 00:18:44.039 is if it's infectious. And now Calgary and Edmonton are cooperating. Okay, 194 00:18:44.039 --> 00:18:47.640 I don't want to get carried away, but I just 195 00:18:47.839 --> 00:18:50.799 I want to point out that this we've started this process. 196 00:18:50.839 --> 00:18:54.000 Build Canada Homes has started one of its first developments. 197 00:18:54.039 --> 00:18:55.839 I mean, then we just set up this agency. We're 198 00:18:55.880 --> 00:18:58.920 just in the process. They're building over three hundred and 199 00:18:58.920 --> 00:19:06.079 fifty homes on the village at grasbaud Pondon, New Country Zone, 200 00:19:06.519 --> 00:19:15.680 che New Diversions, Amatier Dexpota, don Vestsman del mondonci U 201 00:19:15.960 --> 00:19:25.200 Teblisson at the Nouveaux Pats Fiab, Double Nose, Exports as 202 00:19:25.240 --> 00:19:30.720 Uni oh Gola, Prussian Destiny, So Repressant, Twist Mill, the 203 00:19:30.839 --> 00:19:37.279 Nouveau Command Plerizos, the Technology de la Cospertis Canadian, the 204 00:19:37.359 --> 00:19:44.839 Nouveau Jos DC and Alberta de patsu Or Canada. We're 205 00:19:44.880 --> 00:19:48.480 focused on new partnerships abroad so that we can double 206 00:19:48.480 --> 00:19:52.680 our exports over three hundred billion dollars more in the 207 00:19:52.720 --> 00:19:55.319 next decade. In the past six months, we've made deals 208 00:19:55.319 --> 00:19:59.039 with the EU, with Germany, with Sweden, with Indonesia. Last 209 00:19:59.039 --> 00:20:02.559 week we agree to launch ambitious free trade talks with 210 00:20:02.640 --> 00:20:07.279 India and the United Arab Emirates. The UAE also committed 211 00:20:07.319 --> 00:20:11.799 to invest seventy billion dollars seven zero billion dollars in Canada, 212 00:20:12.440 --> 00:20:16.480 a powerful vote of confidence in our economy and the 213 00:20:16.599 --> 00:20:27.480 largest foreign direct investment commitment in Canada's history. And you know, 214 00:20:27.599 --> 00:20:30.400 many of the decision makers there. Well, I'm very confident 215 00:20:30.519 --> 00:20:33.480 this room can help put that money to work for 216 00:20:33.519 --> 00:20:36.799 the benefit of Canadian workers, Canadian economy and yes, the 217 00:20:36.920 --> 00:20:41.920 United Arab Emirates. You know, as today's agreement a tests, 218 00:20:42.759 --> 00:20:45.599 we know that it's not just about what we build, 219 00:20:45.599 --> 00:20:50.680 it's also about how we build. Building inclusively, full partnership 220 00:20:50.720 --> 00:20:55.559 with First Nations, Inuit in Metzi, new batsiljon On Salad 221 00:20:57.599 --> 00:21:06.960 Andre de Bonzonois sandi Qui, vascular period exceptional forle Mechi especially. 222 00:21:07.640 --> 00:21:10.440 I had the pleasure after signing the m o U 223 00:21:10.559 --> 00:21:13.200 to go to the iron workers one seventy one seventy two. 224 00:21:15.240 --> 00:21:17.680 The next decades are going to be an incredible time 225 00:21:18.119 --> 00:21:26.559 to be in the trades. New Basio de Mania, d'urrab on, Metzon, Laxang, 226 00:21:28.039 --> 00:21:33.039 Transport de Lodgement, Landrosti, Manufacturer a Fan de ren False 227 00:21:33.880 --> 00:21:42.240 not competitivt Pasco, Daxon, Neon de Bois, Mortal Citosi and impetitive. 228 00:21:42.559 --> 00:21:48.160 Economy will build sustainably, but above all, we will build 229 00:21:48.359 --> 00:21:53.680 by buying Canadian We will be our own best customer. 230 00:21:53.960 --> 00:21:57.519 When we build new ports, new mines, millions of more 231 00:21:57.519 --> 00:22:06.160 homes will build Canadians, Canadian workers, Canadian steel, Canadian lumber. Now, 232 00:22:06.960 --> 00:22:14.519 before concluding, let me be clear that to catalyze the 233 00:22:14.559 --> 00:22:17.839 types of generational investments we need to grow our economy, 234 00:22:18.319 --> 00:22:21.519 we also need to transform government to make it more 235 00:22:21.559 --> 00:22:25.599 efficient and more effective. And that's why the federal government 236 00:22:27.079 --> 00:22:33.160 spending less so the Canadians Albertans can invest more. You know, 237 00:22:33.240 --> 00:22:36.759 we've just come through a decade during which federal spending 238 00:22:36.880 --> 00:22:41.680 grew more than eight percent year over year, twice the 239 00:22:41.759 --> 00:22:45.720 rate of growth of our economy. So we are slashing 240 00:22:46.119 --> 00:22:49.319 direct program spending. We're slashing that growth to a little 241 00:22:49.319 --> 00:22:52.519 more than half a percent. Actually it's less than half 242 00:22:52.519 --> 00:23:02.039 a percent annually. Over the next five years, we are 243 00:23:03.240 --> 00:23:05.599 we're taking tough decision. We're reducing the size of the 244 00:23:05.599 --> 00:23:10.079 public service by ten percent, We're cutting management consultants by 245 00:23:10.119 --> 00:23:10.839 twenty percent. 246 00:23:14.279 --> 00:23:15.039 And through. 247 00:23:16.640 --> 00:23:21.720 Through these choices, responsible choices, we will save Canadian taxpayers 248 00:23:21.960 --> 00:23:27.880 sixty billion dollars By restructuring our operations, consolidating internal services, 249 00:23:28.119 --> 00:23:32.440 right sizing programs. We will balance the operating federal budget 250 00:23:32.480 --> 00:23:42.960 deficit in three years. And while we do that, we 251 00:23:43.039 --> 00:23:48.480 will double the proportion of investments relative to our spendings 252 00:23:48.920 --> 00:23:51.599 going from the historic average of four percent to nine 253 00:23:51.640 --> 00:23:57.920 percent in just five years represent plu de gatz sen 254 00:23:58.279 --> 00:24:04.759 million den small capita sosenko pazzi is o visti small 255 00:24:04.839 --> 00:24:10.160 previ dona Canada. Well so the orders of magnitude of that, 256 00:24:11.279 --> 00:24:13.759 which include all of the tax credits, which of course 257 00:24:13.839 --> 00:24:16.200 depend on the extent to which this room and others 258 00:24:16.359 --> 00:24:19.200 like it invest in the country, is four hundred and 259 00:24:19.240 --> 00:24:22.039 fifty billion dollars over the next five years for investment 260 00:24:22.160 --> 00:24:28.440 in this country. That helps catalyze much larger private investment. Now, 261 00:24:28.519 --> 00:24:31.079 the other aspect of what we're doing before I conclude 262 00:24:31.680 --> 00:24:34.279 is that while we invest in the future, well we 263 00:24:34.480 --> 00:24:39.359 right size government. We will protect the essential social programs 264 00:24:40.079 --> 00:24:43.079 that give every Canadian a fair chance to get ahead, 265 00:24:43.960 --> 00:24:48.440 and then includes childcare, dental care, pharmacare, the National School, 266 00:24:48.880 --> 00:24:52.799 the National School food program, as well as health, education 267 00:24:52.960 --> 00:25:00.480 and social transfers to the provinces and territories. Must there 268 00:25:00.559 --> 00:25:02.240 was going to be a conclusion to speech. I'm now 269 00:25:02.279 --> 00:25:07.000 at that point, and then we got to have a conversation. Look, 270 00:25:08.039 --> 00:25:10.920 the world's changing, including the US, and there are two 271 00:25:11.119 --> 00:25:17.519 potential responses to US tariffs. One is to hunker down, 272 00:25:18.359 --> 00:25:21.480 slash the deficit, turn inward. In the words of the 273 00:25:22.119 --> 00:25:26.200 tragically Hip, wait for the trickle down. But that would 274 00:25:26.279 --> 00:25:31.799 mean getting rid of our key social programs, not investing 275 00:25:31.880 --> 00:25:35.279 in what we need now, and pursuing nostalgia as a strategy. 276 00:25:36.839 --> 00:25:41.440 The other option is to take risks to invest boldly 277 00:25:41.599 --> 00:25:47.000 in our future, as Albertans have done throughout their history. 278 00:25:48.440 --> 00:25:52.279 You know, I was born just north of the Alberta 279 00:25:52.359 --> 00:25:58.000 border in Fort Smith. When I was born, the oil 280 00:25:58.119 --> 00:26:03.079 sands were just a concept, a curiosity to most but 281 00:26:03.359 --> 00:26:08.279 a few dreamers and builders. But even before I got 282 00:26:08.319 --> 00:26:10.839 my learner's permit, by the time I got to Junior 283 00:26:10.920 --> 00:26:14.240 High in Edmonton, the oil sends had been transformed into 284 00:26:14.960 --> 00:26:19.079 one of Canada's largest industries through the brilliance of our scientists, 285 00:26:19.160 --> 00:26:22.799 the drive of our entrepreneurs, the support yes of our governments, 286 00:26:23.319 --> 00:26:28.599 and above all the dedication of skilled workers. But a 287 00:26:28.680 --> 00:26:33.039 similar point, that's the scale of what we can achieve 288 00:26:33.160 --> 00:26:36.880 together now. You know, we used to explore in this country. 289 00:26:38.480 --> 00:26:42.519 We will chart new courses again. We used to build 290 00:26:42.599 --> 00:26:46.640 in this country. We will build big, we will build fast, 291 00:26:46.759 --> 00:26:50.640 we will build bold again. We used to take risks 292 00:26:50.920 --> 00:26:55.440 in this country. We will step up to the plate again. 293 00:26:56.720 --> 00:27:01.000 I'm grateful to Premier Smith, to Larry, to her team 294 00:27:01.720 --> 00:27:06.759 for working hard to create these new opportunities for a stronger, 295 00:27:06.839 --> 00:27:11.440 more sustainable, more prosperous Alberta in Canada, and knowing Alberta 296 00:27:11.480 --> 00:27:14.960 as I do, I'm confident, I'm excited that the people 297 00:27:15.039 --> 00:27:18.759 in this room and those you represent will take up 298 00:27:18.839 --> 00:27:24.440 this challenge to build together with our neighbors with First Nations, 299 00:27:24.839 --> 00:27:28.839 to the benefit of all. It's our country, it's your future. 300 00:27:29.480 --> 00:27:33.279 We are taking back control to build Alberta strong, to 301 00:27:33.400 --> 00:27:40.119 build Canada strong. Thank you, he MESSI will be thanks. 302 00:28:02.440 --> 00:28:05.240 Nobody's going to believe it's standing ovation twice. 303 00:28:07.400 --> 00:28:09.680 Hopefully hopefully someone got that on camera. 304 00:28:10.799 --> 00:28:15.000 I'm pretty sure. I'm pretty sure they did. You unpacked 305 00:28:15.000 --> 00:28:17.519 a lot of interesting ideas in your speech, and I 306 00:28:17.640 --> 00:28:19.799 just want to remind everybody that I do have my phone. 307 00:28:19.920 --> 00:28:21.599 I'm not going to be rude. I am going to 308 00:28:21.640 --> 00:28:23.799 be checking. You can text questions to me and it 309 00:28:23.920 --> 00:28:27.480 is working, so forgive me. I'm not being a distracted teenager. 310 00:28:28.640 --> 00:28:31.079 I mean, one of the things I wanted to ask 311 00:28:31.119 --> 00:28:34.519 you relates to the MoU the importance of a private 312 00:28:35.000 --> 00:28:39.319 proponent for the pipeline. We also know that what we 313 00:28:39.480 --> 00:28:43.400 need is some element of de risking. Are you saying 314 00:28:43.519 --> 00:28:47.200 that there is no room for the government to de 315 00:28:47.359 --> 00:28:50.640 risk something for a period of time in order to 316 00:28:50.680 --> 00:28:53.480 attract the private capital that's needed for a project like that. 317 00:28:55.240 --> 00:29:00.400 Well, we're de risking the project in several ways. One 318 00:29:00.559 --> 00:29:04.880 is providing regulatory clarity. A huge element of of the 319 00:29:05.440 --> 00:29:10.039 MoU relates to that, So clarity about the emissions cap, 320 00:29:10.119 --> 00:29:16.559 clarity about working for methodologies to make sure that we 321 00:29:16.720 --> 00:29:20.279 can make the export to Asian markets, including if necessary, 322 00:29:20.319 --> 00:29:26.680 adjusting the tanker moratorium. We're also providing support and clarity. 323 00:29:27.279 --> 00:29:32.359 Alberta providing clarity in terms of the industrial carbon price 324 00:29:33.200 --> 00:29:37.319 through the tier system, US providing clarity, Alberta providing some 325 00:29:37.440 --> 00:29:41.200 MULCO support in terms of some of the economics around pathways. 326 00:29:42.160 --> 00:29:47.480 On top of that, we've got clarity and I think clarity, 327 00:29:47.559 --> 00:29:51.319 but probably not as deep appreciation. Understandably, not everybody reads 328 00:29:51.359 --> 00:29:55.079 every word in the budget and sometimes good news takes 329 00:29:55.119 --> 00:29:59.039 a while to travel. But clarity around just how attractive 330 00:29:59.079 --> 00:30:01.680 it is to invest in Canada now, so the tax 331 00:30:01.759 --> 00:30:04.559 elements that are there, but you know, in the essence, 332 00:30:05.480 --> 00:30:11.440 the Asian Pipeline will be a private sector project and 333 00:30:13.039 --> 00:30:17.279 providing the framework for private proponents to make those decisions 334 00:30:17.319 --> 00:30:21.599 again in partnership with First Nations and with benefits for 335 00:30:21.680 --> 00:30:24.359 British benefits for British Columbia, something obviously we have to 336 00:30:24.400 --> 00:30:27.680 work out. I mean, probably one other area where we're 337 00:30:27.720 --> 00:30:34.759 providing clarity or least policy that's relevant is we have 338 00:30:35.599 --> 00:30:41.359 billions of dollars set aside for Indigenous It's called Indigenous 339 00:30:41.440 --> 00:30:44.519 Loan Guarantee. It's a bit of a misnomer because effectively 340 00:30:44.599 --> 00:30:51.920 it's financing indigenous people's equity ownership in projects, and the 341 00:30:52.079 --> 00:30:55.200 headline number is much smaller than the scale of the 342 00:30:55.279 --> 00:30:58.880 investment that can be done because of course it's repayable loan, 343 00:30:58.920 --> 00:31:00.680 and then you end up with the equity you see, 344 00:31:00.720 --> 00:31:04.160 you're way ahead of That's all your old Goldman Sachs 345 00:31:04.240 --> 00:31:09.960 training there. So there's a huge element of both financial 346 00:31:10.039 --> 00:31:13.839 incentives that pre exist in and around plus the regulatory 347 00:31:13.920 --> 00:31:16.880 clarity that are there too, And we're going to find 348 00:31:16.920 --> 00:31:20.039 out the extent to which there is there's private appetite 349 00:31:20.039 --> 00:31:20.200 for this. 350 00:31:20.599 --> 00:31:22.480 So the next the follow up question is you know 351 00:31:22.559 --> 00:31:25.240 you talked about the oil sounds growing to a significant size. 352 00:31:25.240 --> 00:31:27.680 By the time you had your driver's license. You probably 353 00:31:27.680 --> 00:31:32.279 have the same instructor potentially in Emerson. But one of 354 00:31:32.319 --> 00:31:34.640 the things, you know, you talked to the pipeline companies, 355 00:31:34.880 --> 00:31:37.920 it's like, well they have do they need contracts? You know, 356 00:31:38.200 --> 00:31:41.480 we need to provide incentives for the producers to actually 357 00:31:41.519 --> 00:31:43.599 fill those pipes. And you're talking about one point four 358 00:31:43.839 --> 00:31:47.839 million barrels a day, and so that's been the piece 359 00:31:47.920 --> 00:31:50.160 that's been missing as well. So it's a chicken and 360 00:31:50.200 --> 00:31:52.039 egg thing. We need to get to the production to 361 00:31:52.119 --> 00:31:53.440 increase to fill a pipeline. 362 00:31:53.599 --> 00:31:56.839 Well it is it is, Yes, it is chicken and egg, 363 00:31:56.920 --> 00:32:03.200 and there's various mechanics to unpacked that. Some of it's 364 00:32:03.200 --> 00:32:06.759 providing elements of clarity. There's been different different financing mechanism. 365 00:32:06.880 --> 00:32:10.279 Not necessarily advocating this, but for example with Alliance a 366 00:32:10.400 --> 00:32:15.480 few decades ago, the backstop that was effectively provided, but 367 00:32:15.599 --> 00:32:21.200 as well, i'd underscore that there is a fair bit 368 00:32:21.279 --> 00:32:27.240 of interest as an understatement maybe in Asia for Canadian energy. 369 00:32:27.960 --> 00:32:30.039 Certainly we see it in gas, but we also see 370 00:32:30.079 --> 00:32:35.599 it with the experience through trans Mountain and that provides 371 00:32:35.640 --> 00:32:40.400 a line of sight to potentially different additional off takes. Look, 372 00:32:41.359 --> 00:32:43.440 I would I would make a general point just give 373 00:32:43.640 --> 00:32:46.880 given the audience, which is that the world wants to diversify, 374 00:32:47.480 --> 00:32:50.799 the world wants to diversify, everyone's taking the same lesson, 375 00:32:52.680 --> 00:32:55.440 and the world wants to do more business with Canada. 376 00:32:56.119 --> 00:32:59.160 So we have an opportunity to provide that. 377 00:33:00.160 --> 00:33:01.000 Uh we. 378 00:34:20.760 --> 00:34:25.639 Because these are also entities that invest in other big investors, 379 00:34:25.719 --> 00:34:29.559 infrastructure investors, private equity firms around the world. And if 380 00:34:29.599 --> 00:34:33.119 the UAE thinks, as they do across all of their 381 00:34:33.280 --> 00:34:36.719 entities and at the top of the country, that they 382 00:34:36.840 --> 00:34:41.760 should do more with Canada, it almost follows that they 383 00:34:41.840 --> 00:34:45.559 will want those they invest in, those intermediaries to do 384 00:34:45.679 --> 00:34:47.199 more with Canada. But let me come back to one 385 00:34:47.199 --> 00:34:50.079 other aspect. Why I think it's important is this is 386 00:34:50.199 --> 00:34:53.880 one of the largest renewable investors in the world, the 387 00:34:54.000 --> 00:34:57.599 UA through Mastar. This is a country that just rolled 388 00:34:57.639 --> 00:35:04.679 out base load over one gigawatt of solar that is competitive, 389 00:35:05.360 --> 00:35:09.519 in fact more than competitive with their grid price. So 390 00:35:10.280 --> 00:35:14.719 the level of expertise in and around storage, which will 391 00:35:14.760 --> 00:35:17.960 be relevant as we build entertize. Larry knows this and 392 00:35:18.400 --> 00:35:21.960 the interest in what we're doing here, not just in 393 00:35:22.119 --> 00:35:24.760 conventional oil and gas, as important as that is, but 394 00:35:24.880 --> 00:35:31.719 also in pathways in nuclear hydro obviously entertize all that 395 00:35:31.920 --> 00:35:35.719 there's an interest and expertise that is complementary. So I 396 00:35:35.800 --> 00:35:38.760 think it's quite significant. There are other examples of that, 397 00:35:39.400 --> 00:35:44.000 and most countries will not because they don't have to 398 00:35:44.159 --> 00:35:46.880 put a specific number on what their commitment is. But 399 00:35:47.800 --> 00:35:48.840 I think it tells us a lot. 400 00:35:49.000 --> 00:35:52.360 But we need those long cycle that patient capital and 401 00:35:52.440 --> 00:35:55.320