Speaker 1: Thank you for listening to Depictions Media Radio. Welcome to
Speaker 1: policy and rights. Show up back, welcomer policy, human joys.
Speaker 1: All right, welcome back to policy and right here in
Speaker 1: Depictions Media Radio, I'm your host, Michael Cloggs. Well from
Speaker 1: Mark Karney as he assigned a new deal with Dandiel
Speaker 1: Smith and Well, it was called a memorandum of understanding. Okay,
Speaker 1: So the world is changing rapidly. The United States, the
Speaker 1: world's largest economy, is fundamentally reshaping itself trade relationships, causing
Speaker 1: major disruptions and uppeople for Canadians. It is time to
Speaker 1: transform our economy from one that is reliant on a
Speaker 1: single trade partner to one that is stronger, more independent,
Speaker 1: resilient to global shocks. To these ends, Canadian Canada and
Speaker 1: Alberta shared the same ambitions to diversify and export markets,
Speaker 1: make Canada an energy superpower, and build a stronger, more sustainable,
Speaker 1: more competitive economy. So Mark Kartney and Danielle Smith on
Speaker 1: November seventh, November twenty seventh signed a deal with this
Speaker 1: memorandum of understanding. This framework is an agreement will strength
Speaker 1: strengthen a federal provincial collaboration in the energy sector to
Speaker 1: achieve a net zero emissions by twenty fifty, unlock the
Speaker 1: full potential of Alberta's energy resources, and create hundreds of
Speaker 1: thousands of new, high paying careers for Canadians. The MoU
Speaker 1: is built on practical solutions, a stronger effective, more industrial
Speaker 1: carbon pricing, major private sector investments, clean technologies, and expand
Speaker 1: the responsiveness and development for workers and communities. So let's
Speaker 1: go down here. The Canada energy sector will reduce emissions
Speaker 1: and deliver sustainable economic benefits including a more than sixteen
Speaker 1: billion dollars GDP and more than thousand, forty thousand jobs annually.
Speaker 1: Upon receipt of the proposal from the Government of Burden,
Speaker 1: the Government of Canada will provide a clear and efficient
Speaker 1: proofal process for building Canada Act for Construction of a
Speaker 1: new pipeline. Ah, there it is, and that's what we're
Speaker 1: looking for, folks. Construction of a new pipeline of the
Speaker 1: pipe to be financed and constructed by the private sector
Speaker 1: with Indigenous people, people's ownership and benefits. It would transform
Speaker 1: at least one million low emission barrels per day to
Speaker 1: asing markets. As a priority. As a prerequisite to this project,
Speaker 1: pathways plus means Alberta would export more some of the
Speaker 1: lowest carbon intensity oil produced in the world.
Speaker 2: So here we.
Speaker 1: The MoU outlines what Canada and Alberta can build and
Speaker 1: how they can build it. These projects will only be
Speaker 1: built in consultation, in partnership with Indigenous people, right holders
Speaker 1: and British Columbia.
Speaker 3: They will.
Speaker 1: Create an unprecedented opportunities for indigenous co ownership partnerships and
Speaker 1: economic benefits. And as a quote, in the face of
Speaker 1: global trade shifts profiled uncertainty, Canada and Alberta are striking
Speaker 1: a new new partnership to build stronger, more sustainable, and
Speaker 1: more independent Alberta and Canadian economy. We will make Knada
Speaker 1: and energy superpower, drive down the emissions, and diversify export markets.
Speaker 1: We will build things, and we're building bigger and faster together. Okay.
Speaker 1: So one of the problems with this whole proposal, and
Speaker 1: we're going to actually hear Mark Karney as he has
Speaker 1: spoke at the I believe it's the Calgary Board of
Speaker 1: Trade about this particular project. Hey, I understand how Alberta
Speaker 1: being all on Boartant because hey, it's a great economic
Speaker 1: development for them, and hey, the to be totally honest
Speaker 1: with you. It's low risk for them because British Columbia
Speaker 1: takes up all the risk. British Columbia takes up the
Speaker 1: risk of the leaks and spills from the pipeline. British
Speaker 1: Columbia takes up all the risks for the tankers that
Speaker 1: are going to ship the beachamen across the Pacific to Asia.
Speaker 1: They take up the risks for that if if a
Speaker 1: tanker spills, it winds up on the Pacific coast of
Speaker 1: British Columbia, not Alberta. There are many, many problems with
Speaker 1: what they're what they are proposing, and there are a
Speaker 1: lot of benefits to it, because hey, right now Alberta
Speaker 1: can only ship they're oil to one customer, the United States. Well,
Speaker 1: that just simply isn't good enough. Because we have Donald
Speaker 1: Trump down there. He's disrupting everything, trade agreements and whatever.
Speaker 1: We're all seeing it. And his major tool for Donald
Speaker 1: Trump is his major tool is disruption. What he does
Speaker 1: is he takes that he disrupts everything so that he
Speaker 1: can come out on top. Notice I said he can
Speaker 1: come out of the top, not America come out on top.
Speaker 1: So there is no real benefit to Americans, there's only
Speaker 1: benefits to Donald Trump. But with all that put aside,
Speaker 1: the pathway that Alberta expects the tankers to go is
Speaker 1: troubled waters. The pipeline itself. All pipelines leak. There is
Speaker 1: no such thing as a pipeline that does not leak
Speaker 1: somewhere there it leads behind some environmental damage and that
Speaker 1: has to be worked out. That also has to be
Speaker 1: worked out so that it's done within stewardship and in
Speaker 1: accordance to the traditional lands that it is going to
Speaker 1: cross for the indigenous people. There are a lot of
Speaker 1: things that need to be settled before they start putting
Speaker 1: this pipeline together. This isn't a new project. This is
Speaker 1: a rehashed project that was that was first when they
Speaker 1: tried to put put it across as the tnx or
Speaker 1: trans Mountained Expansion project was fought back by UH Premier
Speaker 1: John Horgan that hey, there's a lot of problems, a
Speaker 1: lot of environmental problems with it and those things need
Speaker 1: to be fixed before they bring it across British Columbia.
Speaker 1: And when I talk about trouble waters, I do mean
Speaker 1: trouble waters the path that they want to bring the
Speaker 1: tankers down through the coastline or along British Columbia that
Speaker 1: we bring it between the Golf Islands and the end
Speaker 1: the mainland for British Columbia is trouble waters. They need
Speaker 1: to to divert that so that it goes the other way,
Speaker 1: and it's a more x more expensive, maybe a longer
Speaker 1: way of routing the tankers that it actually cross does
Speaker 1: does before it hits the inner National waters. Those tankers
Speaker 1: will probably hit the United States waters first, causing a
Speaker 1: possible tariff. There are some problems in either direction whichever
Speaker 1: way we bring bring the tankers in, but we need
Speaker 1: to think about environmentally first that if you bring the
Speaker 1: tankers through on the roughest waters uh as as it
Speaker 1: comes between the Gulf Islands and the mainland British Columbia,
Speaker 1: if something spills that miles and thousands, I mean thousands
Speaker 1: of miles of coastline are affected by a tanker spell.
Speaker 1: If it happens that there are coastal towns that are
Speaker 1: dependent on tourism, and hey, I live in one of
Speaker 1: those towns. We are broadcasting from one of those towns
Speaker 1: that would be drastically affected by coastal damage. If a
Speaker 1: tanker was to spell on it because it will wash
Speaker 1: straight up onto that coastline for British Columbia. And as
Speaker 1: yet we have yet to hear anything about how this
Speaker 1: is going to be dealt with, who's going to be
Speaker 1: responsible for cleaning it up, who's going to pay the
Speaker 1: bill to clean it up, and how will the coastal
Speaker 1: businesses are dependent on that tourism while it is being
Speaker 1: cleaned up, are going to be compensated for the loss
Speaker 1: of business. There are no mentions about this. This is
Speaker 1: all happy, happy. We're going to sell oil to Asian
Speaker 1: companies or Asian countries I say, like China and in
Speaker 1: Korea or or Vietnam or someone like that that that
Speaker 1: are desperate for a cleaner and an easier processed crude
Speaker 1: oil product like Alberta beechamin. It isn't it isn't that
Speaker 1: we need to shut something down because it's a waste,
Speaker 1: a waste of time and money. It is a we
Speaker 1: need to rethink the path that we're taking for the
Speaker 1: products so that we don't wind up with a dead
Speaker 1: coastline that the coastal animals like the whales, the or
Speaker 1: the seals will be drastically affected, the businesses being affected
Speaker 1: by the coastal shutdown, because hey, you can't walk on
Speaker 1: a beach that has crude oil on it, and how
Speaker 1: much of that coastline is actually going to be affected
Speaker 1: and how it can be quickly contained so that the
Speaker 1: containment minimizes the effects of the damage. So with that
Speaker 1: all that being said, we're also going to hear from
Speaker 1: in the in this episode, we're going to hear from
Speaker 1: Elizabeth May, who is MP on the Coastal Islands of
Speaker 1: British Columbia, and we're also going to hear from David Eby,
Speaker 1: the premiere of British Columbia, who has quote unquote called
Speaker 1: this pipeline a pipe dream. So why don't we get
Speaker 1: started and let's hear from everybody as it falls down
Speaker 1: with starting from Calgary and moving forward from there.
Speaker 2: Great.
Speaker 3: Thank you very much. Wow, Thanks Laric Messivo code, thank you, wow,
Speaker 3: thank you very much.
Speaker 2: That means that means the world to me, and that
Speaker 2: shows just what this room is. A room that's ready
Speaker 2: to get things done, a room that's been held back
Speaker 2: but now ready to get things done. And that's what
Speaker 2: today is about. I want to start by just acknowledging
Speaker 2: Ministers Old Schevsky and Hodgson, my fellow MP Corey Hogan,
Speaker 2: Premier Kenny former Premier Kenny Jason, a tremendous public servant
Speaker 2: of this province, of this country through challenging times. I'd
Speaker 2: like to welcome Meri Farcas. My dad can't lose weight
Speaker 2: with tai chi, so it's a scam.
Speaker 4: Oh no, no, he probably just doing it wrong. Most
Speaker 4: men do tai chi wrong and that's exactly why they
Speaker 4: can't lose weight.
Speaker 2: How old is your father? He is fifty six? Oh perfect.
Speaker 4: By the end of November, you won't even recognize him.
Speaker 3: But what if he hasn't worked out in years?
Speaker 2: That's even better. Tai Chi was built for men forty plus.
Speaker 5: Isn't the gym better after forty.
Speaker 2: The gym breaks you.
Speaker 6: Tai Chi will make you feel better and lose weight
Speaker 6: faster than in your time twenties.
Speaker 5: Does he need any equipment?
Speaker 2: No, his body is enough.
Speaker 6: Just just do it for nine minutes a day and
Speaker 6: see your body feel younger.
Speaker 2: So what's the first step?
Speaker 3: Click the link, get the app and start tomorrow.
Speaker 2: In between the federal government, Alberta, British Columbia and Indigenous
Speaker 2: peoples and rights holders. It will create opportunity for significant
Speaker 2: Indigenous ownership and economic benefits. I'm going to say, because
Speaker 2: the mayor is here, I'm going to say that while
Speaker 2: we're building a nation, we're also focused on building our communities,
Speaker 2: new hospitals, public transit, recreation facilities, arts centers. We've created
Speaker 2: a new fifty billion dollar Build Community Strong fund in
Speaker 2: the budget, and through Build Canada Homes will work with
Speaker 2: municipal municipalities to supercharge housing construction, including new factory technologies
Speaker 2: such as those pioneered by ATCO and others that cut
Speaker 2: building times by fifty percent, reduced costs by twenty percent,
Speaker 2: lower emissions by twenty percent. And this work is already
Speaker 2: getting under way in Alberta. In Edmonton. Yeah sorry, in
Speaker 2: Edmonton you started clapping for Emonton. That's good, that's good.
Speaker 2: Let the let the records show this. You see, cooperation
Speaker 2: is if it's infectious. And now Calgary and Edmonton are cooperating. Okay,
Speaker 2: I don't want to get carried away, but I just
Speaker 2: I want to point out that this we've started this process.
Speaker 2: Build Canada Homes has started one of its first developments.
Speaker 2: I mean, then we just set up this agency. We're
Speaker 2: just in the process. They're building over three hundred and
Speaker 2: fifty homes on the village at grasbaud Pondon, New Country Zone,
Speaker 2: che New Diversions, Amatier Dexpota, don Vestsman del mondonci U
Speaker 2: Teblisson at the Nouveaux Pats Fiab, Double Nose, Exports as
Speaker 2: Uni oh Gola, Prussian Destiny, So Repressant, Twist Mill, the
Speaker 2: Nouveau Command Plerizos, the Technology de la Cospertis Canadian, the
Speaker 2: Nouveau Jos DC and Alberta de patsu Or Canada. We're
Speaker 2: focused on new partnerships abroad so that we can double
Speaker 2: our exports over three hundred billion dollars more in the
Speaker 2: next decade. In the past six months, we've made deals
Speaker 2: with the EU, with Germany, with Sweden, with Indonesia. Last
Speaker 2: week we agree to launch ambitious free trade talks with
Speaker 2: India and the United Arab Emirates. The UAE also committed
Speaker 2: to invest seventy billion dollars seven zero billion dollars in Canada,
Speaker 2: a powerful vote of confidence in our economy and the
Speaker 2: largest foreign direct investment commitment in Canada's history. And you know,
Speaker 2: many of the decision makers there. Well, I'm very confident
Speaker 2: this room can help put that money to work for
Speaker 2: the benefit of Canadian workers, Canadian economy and yes, the
Speaker 2: United Arab Emirates. You know, as today's agreement a tests,
Speaker 2: we know that it's not just about what we build,
Speaker 2: it's also about how we build. Building inclusively, full partnership
Speaker 2: with First Nations, Inuit in Metzi, new batsiljon On Salad
Speaker 2: Andre de Bonzonois sandi Qui, vascular period exceptional forle Mechi especially.
Speaker 2: I had the pleasure after signing the m o U
Speaker 2: to go to the iron workers one seventy one seventy two.
Speaker 2: The next decades are going to be an incredible time
Speaker 2: to be in the trades. New Basio de Mania, d'urrab on, Metzon, Laxang,
Speaker 2: Transport de Lodgement, Landrosti, Manufacturer a Fan de ren False
Speaker 2: not competitivt Pasco, Daxon, Neon de Bois, Mortal Citosi and impetitive.
Speaker 2: Economy will build sustainably, but above all, we will build
Speaker 2: by buying Canadian We will be our own best customer.
Speaker 2: When we build new ports, new mines, millions of more
Speaker 2: homes will build Canadians, Canadian workers, Canadian steel, Canadian lumber. Now,
Speaker 2: before concluding, let me be clear that to catalyze the
Speaker 2: types of generational investments we need to grow our economy,
Speaker 2: we also need to transform government to make it more
Speaker 2: efficient and more effective. And that's why the federal government
Speaker 2: spending less so the Canadians Albertans can invest more. You know,
Speaker 2: we've just come through a decade during which federal spending
Speaker 2: grew more than eight percent year over year, twice the
Speaker 2: rate of growth of our economy. So we are slashing
Speaker 2: direct program spending. We're slashing that growth to a little
Speaker 2: more than half a percent. Actually it's less than half
Speaker 2: a percent annually. Over the next five years, we are
Speaker 2: we're taking tough decision. We're reducing the size of the
Speaker 2: public service by ten percent, We're cutting management consultants by
Speaker 2: twenty percent.
Speaker 3: And through.
Speaker 2: Through these choices, responsible choices, we will save Canadian taxpayers
Speaker 2: sixty billion dollars By restructuring our operations, consolidating internal services,
Speaker 2: right sizing programs. We will balance the operating federal budget
Speaker 2: deficit in three years. And while we do that, we
Speaker 2: will double the proportion of investments relative to our spendings
Speaker 2: going from the historic average of four percent to nine
Speaker 2: percent in just five years represent plu de gatz sen
Speaker 2: million den small capita sosenko pazzi is o visti small
Speaker 2: previ dona Canada. Well so the orders of magnitude of that,
Speaker 2: which include all of the tax credits, which of course
Speaker 2: depend on the extent to which this room and others
Speaker 2: like it invest in the country, is four hundred and
Speaker 2: fifty billion dollars over the next five years for investment
Speaker 2: in this country. That helps catalyze much larger private investment. Now,
Speaker 2: the other aspect of what we're doing before I conclude
Speaker 2: is that while we invest in the future, well we
Speaker 2: right size government. We will protect the essential social programs
Speaker 2: that give every Canadian a fair chance to get ahead,
Speaker 2: and then includes childcare, dental care, pharmacare, the National School,
Speaker 2: the National School food program, as well as health, education
Speaker 2: and social transfers to the provinces and territories. Must there
Speaker 2: was going to be a conclusion to speech. I'm now
Speaker 2: at that point, and then we got to have a conversation. Look,
Speaker 2: the world's changing, including the US, and there are two
Speaker 2: potential responses to US tariffs. One is to hunker down,
Speaker 2: slash the deficit, turn inward. In the words of the
Speaker 2: tragically Hip, wait for the trickle down. But that would
Speaker 2: mean getting rid of our key social programs, not investing
Speaker 2: in what we need now, and pursuing nostalgia as a strategy.
Speaker 2: The other option is to take risks to invest boldly
Speaker 2: in our future, as Albertans have done throughout their history.
Speaker 2: You know, I was born just north of the Alberta
Speaker 2: border in Fort Smith. When I was born, the oil
Speaker 2: sands were just a concept, a curiosity to most but
Speaker 2: a few dreamers and builders. But even before I got
Speaker 2: my learner's permit, by the time I got to Junior
Speaker 2: High in Edmonton, the oil sends had been transformed into
Speaker 2: one of Canada's largest industries through the brilliance of our scientists,
Speaker 2: the drive of our entrepreneurs, the support yes of our governments,
Speaker 2: and above all the dedication of skilled workers. But a
Speaker 2: similar point, that's the scale of what we can achieve
Speaker 2: together now. You know, we used to explore in this country.
Speaker 2: We will chart new courses again. We used to build
Speaker 2: in this country. We will build big, we will build fast,
Speaker 2: we will build bold again. We used to take risks
Speaker 2: in this country. We will step up to the plate again.
Speaker 2: I'm grateful to Premier Smith, to Larry, to her team
Speaker 2: for working hard to create these new opportunities for a stronger,
Speaker 2: more sustainable, more prosperous Alberta in Canada, and knowing Alberta
Speaker 2: as I do, I'm confident, I'm excited that the people
Speaker 2: in this room and those you represent will take up
Speaker 2: this challenge to build together with our neighbors with First Nations,
Speaker 2: to the benefit of all. It's our country, it's your future.
Speaker 2: We are taking back control to build Alberta strong, to
Speaker 2: build Canada strong. Thank you, he MESSI will be thanks.
Speaker 7: Nobody's going to believe it's standing ovation twice.
Speaker 2: Hopefully hopefully someone got that on camera.
Speaker 7: I'm pretty sure. I'm pretty sure they did. You unpacked
Speaker 7: a lot of interesting ideas in your speech, and I
Speaker 7: just want to remind everybody that I do have my phone.
Speaker 7: I'm not going to be rude. I am going to
Speaker 7: be checking. You can text questions to me and it
Speaker 7: is working, so forgive me. I'm not being a distracted teenager.
Speaker 7: I mean, one of the things I wanted to ask
Speaker 7: you relates to the MoU the importance of a private
Speaker 7: proponent for the pipeline. We also know that what we
Speaker 7: need is some element of de risking. Are you saying
Speaker 7: that there is no room for the government to de
Speaker 7: risk something for a period of time in order to
Speaker 7: attract the private capital that's needed for a project like that.
Speaker 2: Well, we're de risking the project in several ways. One
Speaker 2: is providing regulatory clarity. A huge element of of the
Speaker 2: MoU relates to that, So clarity about the emissions cap,
Speaker 2: clarity about working for methodologies to make sure that we
Speaker 2: can make the export to Asian markets, including if necessary,
Speaker 2: adjusting the tanker moratorium. We're also providing support and clarity.
Speaker 2: Alberta providing clarity in terms of the industrial carbon price
Speaker 2: through the tier system, US providing clarity, Alberta providing some
Speaker 2: MULCO support in terms of some of the economics around pathways.
Speaker 2: On top of that, we've got clarity and I think clarity,
Speaker 2: but probably not as deep appreciation. Understandably, not everybody reads
Speaker 2: every word in the budget and sometimes good news takes
Speaker 2: a while to travel. But clarity around just how attractive
Speaker 2: it is to invest in Canada now, so the tax
Speaker 2: elements that are there, but you know, in the essence,
Speaker 2: the Asian Pipeline will be a private sector project and
Speaker 2: providing the framework for private proponents to make those decisions
Speaker 2: again in partnership with First Nations and with benefits for
Speaker 2: British benefits for British Columbia, something obviously we have to
Speaker 2: work out. I mean, probably one other area where we're
Speaker 2: providing clarity or least policy that's relevant is we have
Speaker 2: billions of dollars set aside for Indigenous It's called Indigenous
Speaker 2: Loan Guarantee. It's a bit of a misnomer because effectively
Speaker 2: it's financing indigenous people's equity ownership in projects, and the
Speaker 2: headline number is much smaller than the scale of the
Speaker 2: investment that can be done because of course it's repayable loan,
Speaker 2: and then you end up with the equity you see,
Speaker 2: you're way ahead of That's all your old Goldman Sachs
Speaker 2: training there. So there's a huge element of both financial
Speaker 2: incentives that pre exist in and around plus the regulatory
Speaker 2: clarity that are there too, And we're going to find
Speaker 2: out the extent to which there is there's private appetite
Speaker 2: for this.
Speaker 7: So the next the follow up question is you know
Speaker 7: you talked about the oil sounds growing to a significant size.
Speaker 7: By the time you had your driver's license. You probably
Speaker 7: have the same instructor potentially in Emerson. But one of
Speaker 7: the things, you know, you talked to the pipeline companies,
Speaker 7: it's like, well they have do they need contracts? You know,
Speaker 7: we need to provide incentives for the producers to actually
Speaker 7: fill those pipes. And you're talking about one point four
Speaker 7: million barrels a day, and so that's been the piece
Speaker 7: that's been missing as well. So it's a chicken and
Speaker 7: egg thing. We need to get to the production to
Speaker 7: increase to fill a pipeline.
Speaker 2: Well it is it is, Yes, it is chicken and egg,
Speaker 2: and there's various mechanics to unpacked that. Some of it's
Speaker 2: providing elements of clarity. There's been different different financing mechanism.
Speaker 2: Not necessarily advocating this, but for example with Alliance a
Speaker 2: few decades ago, the backstop that was effectively provided, but
Speaker 2: as well, i'd underscore that there is a fair bit
Speaker 2: of interest as an understatement maybe in Asia for Canadian energy.
Speaker 2: Certainly we see it in gas, but we also see
Speaker 2: it with the experience through trans Mountain and that provides
Speaker 2: a line of sight to potentially different additional off takes. Look,
Speaker 2: I would I would make a general point just give
Speaker 2: given the audience, which is that the world wants to diversify,
Speaker 2: the world wants to diversify, everyone's taking the same lesson,
Speaker 2: and the world wants to do more business with Canada.
Speaker 2: So we have an opportunity to provide that.
Speaker 5: Uh we.
Speaker 2: Because these are also entities that invest in other big investors,
Speaker 2: infrastructure investors, private equity firms around the world. And if
Speaker 2: the UAE thinks, as they do across all of their
Speaker 2: entities and at the top of the country, that they
Speaker 2: should do more with Canada, it almost follows that they
Speaker 2: will want those they invest in, those intermediaries to do
Speaker 2: more with Canada. But let me come back to one
Speaker 2: other aspect. Why I think it's important is this is
Speaker 2: one of the largest renewable investors in the world, the
Speaker 2: UA through Mastar. This is a country that just rolled
Speaker 2: out base load over one gigawatt of solar that is competitive,
Speaker 2: in fact more than competitive with their grid price. So
Speaker 2: the level of expertise in and around storage, which will
Speaker 2: be relevant as we build entertize. Larry knows this and
Speaker 2: the interest in what we're doing here, not just in
Speaker 2: conventional oil and gas, as important as that is, but
Speaker 2: also in pathways in nuclear hydro obviously entertize all that
Speaker 2: there's an interest and expertise that is complementary. So I
Speaker 2: think it's quite significant. There are other examples of that,
Speaker 2: and most countries will not because they don't have to
Speaker 2: put a specific number on what their commitment is. But
Speaker 2: I think it tells us a lot.
Speaker 7: But we need those long cycle that patient capital and
Speaker 7: I think that's the piece that's really really important for Canada.
Speaker 7: Just let's talk about energy for a minute. You've made
Speaker 7: a commitment to double non US exports and of spoken
Speaker 7: about fifty million tons of energy exports by twenty thirty
Speaker 7: and one hundred million tons by twenty forty. How fundamental
Speaker 7: is it to both Canada's domestic economy and the geopolitical
Speaker 7: and geoeconomic ambitions that we achieve these targets.
Speaker 2: I think from our perspective, doubling doubling is very important,
Speaker 2: and even with doubling, we'll still have substantial exposure in
Speaker 2: the United States, and the United States, of course, is
Speaker 2: the world's largest economy most dynamics, so that's not a
Speaker 2: bad thing, but we do need to do need to
Speaker 2: have greater diversification. We have the opportunity. Energy is part
Speaker 2: of that. Critical minerals are part of that both and
Speaker 2: I would say I'm going to grossly simplify in terms
Speaker 2: of energy conventional energy, energ and oil, low carbon oil.
Speaker 2: Those will put up big numbers on exports. They will,
Speaker 2: and they plus critical mineral roles will help unlock deeper
Speaker 2: trading relationships with big economies. Critical minerals are important. They're
Speaker 2: critical by definition, but they're not that big in terms
Speaker 2: of the size relative to the economy. But they are
Speaker 2: strategic and they unlock broader partnerships and we want that
Speaker 2: for everything else that we produce, and and the next
Speaker 2: phase of the evolution of Alberta in Canada.
Speaker 7: The great thing about critical minerals investment is important. What
Speaker 7: about processing so that we're not so dependent on trying well.
Speaker 2: I mean, it's this is true in in in so
Speaker 2: many ways we we want to we want to use
Speaker 2: our energy as much as possible to get as much
Speaker 2: value out of here. So yes, processing it's limited around
Speaker 2: the world. There's there's opportunities in Quebec, in Quebec and
Speaker 2: Ontario and processing that we're looking at they're looking at
Speaker 2: right now, which I expect will happen. They are very
Speaker 2: much tax advantage in order to do it. But it
Speaker 2: also goes to what Ovik was talking about, and as
Speaker 2: part of the MoU on sovereign data, so building out
Speaker 2: a data architecture and intelligence architecture here, we don't want
Speaker 2: to just do that for the Hyperscalers, the US hyperscalers, right.
Speaker 2: I mean, we've got some of the best AI expertise
Speaker 2: in the world right here in albert I believe it's
Speaker 2: in Edmonton, but there's some here as well, Yes, maybe
Speaker 2: as well. And we want our local we need They
Speaker 2: can get starved on the vine, if you will, by
Speaker 2: not having access to that infrastructure, So we want to
Speaker 2: make sure we do it in a way that helps
Speaker 2: build it. So's it's another example of processing and that's
Speaker 2: where we get the outside benefits for Canada.
Speaker 7: He talked about just what you just mentioned about AI.
Speaker 7: A few weeks ago, we had Dave mcaye here in
Speaker 7: Calgary and he talked about how we're really good at
Speaker 7: developing technology. The AI centers that we have in Edmonton
Speaker 7: and another in Montreal and in Ontario, but we're not
Speaker 7: really good at adopting what we develop, So how do
Speaker 7: we support those opportunities and make sure that we scale
Speaker 7: those companies so they don't go seuth of the border
Speaker 7: or their first proof of concept is actually self as order.
Speaker 2: Well, it's a huge issue. We're really good by the
Speaker 2: way at training is an odd way to put it,
Speaker 2: but you know, we look at our great research universities
Speaker 2: and the vast majority of the graduating class goes to
Speaker 2: the US, so we lose a lot of that. So
Speaker 2: what do we do on it first? And one of
Speaker 2: the things we have just done I referenced this productivity
Speaker 2: super deduction. I didn't list all the investments to which
Speaker 2: it applies, but it very much includes R and D,
Speaker 2: includes all data infrastructure, includes associated software and others. So
Speaker 2: you're it's very attractive for companies who are applying, so
Speaker 2: to speak. To do that, I think we need to
Speaker 2: do a lot more because in the end, what we
Speaker 2: need as a country is mass adoption, mass diffusion of AI.
Speaker 2: That's what's going to give us the productivity benefit. Yes,
Speaker 2: we want champions in the sector itself, but it's really
Speaker 2: just the familiarity of working with it on a reference
Speaker 2: point where at about we're in the low thirties of
Speaker 2: people who use AI. I'm not going to ask for
Speaker 2: hands up how many agents you have and use. But
Speaker 2: you know, we're not as high as we'd like to be.
Speaker 2: We're more or less level with the US. But if
Speaker 2: you look at the top adopters, which actually the top
Speaker 2: is the UAE there at sixty five percent, Singapore would
Speaker 2: be close. We have a lot to do for that,
Speaker 2: and some of that is, yes, it's the tax system,
Speaker 2: but a lot of it is going to be training
Speaker 2: in a way that's continuous.
Speaker 7: And changing the mindset perhaps that we have to be
Speaker 7: take those risks to adopt some things that perhaps haven't
Speaker 7: been adopted somewhere else.
Speaker 2: Yeah. Yeah, a risk taking. I mean it's a time.
Speaker 2: It is a time to take risk, without question. It's
Speaker 2: a room that you know you're here because you've taken
Speaker 2: risks in the past, so it's time to do it again.
Speaker 7: A question from the audience. Achieving that zero requires industry
Speaker 7: driven rapid applied research solutions. Will the federal government provide
Speaker 7: increased funding to applied research? Currently the funding is less
Speaker 7: than three percent of all research funding.
Speaker 2: It's a great question. The short answer is yes. So
Speaker 2: if you heard the question around increase of applied research funding,
Speaker 2: there are a series of pools of spending that the
Speaker 2: federal government in some cases has to do so. For example,
Speaker 2: under our NATO commitments, we will be increasing our defense
Speaker 2: spending towards the five percent target by twenty thirty five.
Speaker 2: Translate that into dollars, it's a little more than eighty
Speaker 2: billion dollars between now and the end of the decade. Now,
Speaker 2: as much as possible, we will concentrate that on areas
Speaker 2: where there is dual use applications AIS and example, critical
Speaker 2: minerals is another example, decarbonization. A number of those technologies
Speaker 2: are there. We're setting up a new research a DARPA equivalent,
Speaker 2: something called Borealis, which will have additional funding. And the
Speaker 2: other thing we're doing in university presidents or faculty or
Speaker 2: if you know anyone, if you're on the board, one
Speaker 2: point seven billion dollars to attract the top thousand researchers
Speaker 2: including their teams to Canada, Okay, plus matching one h
Speaker 2: one b visas as well.
Speaker 7: How how are you prioritizing attracting those researchers. Is it
Speaker 7: across the board or is it certain disciplines.
Speaker 2: It's it's I mean, it's kewed to the heart sciences
Speaker 2: as opposed to what I took, or do you tak so.
Speaker 4: Marginal utility that we are.
Speaker 2: Yeah, we're exactly increasingly irrelevant. That's okay, the sorry, okay,
Speaker 2: it was all going fine and now I've just blown it.
Speaker 2: Can I look in the camera and say how much
Speaker 2: I value the humanities the social sciences? And this is
Speaker 2: the musure? Okay? Exactly? Yeah, but you know what we're
Speaker 2: what we're we have this opportunity as a country in
Speaker 2: life science, is in AI, in engineering, in I mean effectively,
Speaker 2: the components, the building blocks, many of these are the
Speaker 2: building blocks who being the next phase of an energy superpower?
Speaker 4: Uh?
Speaker 2: And we should take it and we we do see
Speaker 2: this shift. These top people are looking for a home
Speaker 2: where they're welcome, not just with resources, but where they're
Speaker 2: you know, the multicultural, diverse, pluralistic. We get a long
Speaker 2: rule of law, these sorts of fundamental things, safe, safe
Speaker 2: city like these are important. We offer all of that
Speaker 2: plus some of the world's great research universities, and so
Speaker 2: we want to go out and get those. And of
Speaker 2: course we're going to let the universities really drive who
Speaker 2: they bring in last point, But universities operate in an ecosystem,
Speaker 2: and you have businesses and other stakeholders and people on
Speaker 2: the board who will help set those priorities.
Speaker 7: So you mentioned energy superpower in your answer just now.
Speaker 7: Many people have different definitions of of seeing Canada as
Speaker 7: an energy superpower. What's yours?
Speaker 2: Well, I start from what's the superpower? If you look
Speaker 2: at a superpower militarily, you have aircraft carriers, but not
Speaker 2: just aircraft carriers. You have planes, you have an army,
Speaker 2: you have drones. Now you also have economic power underlying it,
Speaker 2: and soft power, you have influence. You need all those components.
Speaker 2: So when we look at it from an energy perspective,
Speaker 2: we would start with our strengths oil and gas conventional,
Speaker 2: but also the innovations that we've done. We have one
Speaker 2: of the cleanest grids in the world eighty percent plus
Speaker 2: clean power across the country hydro nuclear at the core
Speaker 2: of that. We have the ability to double, possibly triple
Speaker 2: that over the course of the next fifteen years. One
Speaker 2: of the things we're going to be working with the
Speaker 2: provinces is how to do that and how to do
Speaker 2: that together in a most efficient way, and then it
Speaker 2: goes to a host of clean tech elements that are
Speaker 2: there many developed here, whether it's pathways on hydrogen or
Speaker 2: developments on hydrogen, whether it's developments in biogas, renewable natural gas,
Speaker 2: those aspects. I mean, there is a long list of
Speaker 2: elements for it. The organizing principle we have on it,
Speaker 2: or at least I have, is that it is going
Speaker 2: to be increasingly relevant. I can't tell you exactly when,
Speaker 2: but it's going to be rely relevant. Not just the
Speaker 2: cost of energy, the delivered cost. The energy security element,
Speaker 2: in other words, is a low risk Are we reliable?
Speaker 2: We are reliable people, but also the carbon component of
Speaker 2: the energy. That's why we like pathways. That's why pathways
Speaker 2: is important because it helps lock in the lowest risk,
Speaker 2: one of the lowest marginal costs, and then the lowest
Speaker 2: carbon delivered oil. You'll see that the LNG projects that
Speaker 2: we're backing as national projects, they are top quartile or
Speaker 2: top decile in terms of the lowest emissions LNG. They
Speaker 2: benefit from the hydro system. All of the critical mineral
Speaker 2: projects and the mining projects we've backed are net zero
Speaker 2: or near net zero, and this stuff like in some
Speaker 2: jurisdictions it matters now and others is going to matter
Speaker 2: in the future. And we've got all the component We
Speaker 2: in Canada have all the components of that. So that's
Speaker 2: a long answer because there's the aspects of being a superpower.
Speaker 2: And it also goes back to this basic point that
Speaker 2: we need to diversify. You referenced it in your remarks
Speaker 2: at the start, just how much the province has diversified,
Speaker 2: how much the city has diversified. This is the next
Speaker 2: phase of that transformation.
Speaker 7: So today's EMU really sets a platform for growth and
Speaker 7: an exciting dialogue for an opportunity for Cana's energy sector.
Speaker 7: There are a lot of people that have a lot
Speaker 7: of expectations and what we need is it's a combination
Speaker 7: of short term and long term. How are you going
Speaker 7: to manage those expectations and so that people realize that
Speaker 7: we are making progress and the truth of the matter
Speaker 7: is that we also some of these things are going
Speaker 7: to take longer than we would like.
Speaker 2: Yeah, it's a great question, and it's a I mean,
Speaker 2: in many respects, it's a fundamentally political question. And I'm
Speaker 2: a politician now, so I kind of going to have
Speaker 2: to answer.
Speaker 4: Yes, you do ask.
Speaker 2: The first is I think the first is part of
Speaker 2: what we're doing, which is helping each other understand the
Speaker 2: scale of both the challenge and the opportunity, and that
Speaker 2: it requires big investment, big changes. It requires us to
Speaker 2: be bold. First. Second, it does require transparency about how
Speaker 2: long it takes to even with perfect information, how long
Speaker 2: it takes to actually build out a pipeline, a nuclear
Speaker 2: power plan, to whatever. And it does require doing something
Speaker 2: tangible in the interim, which is why it took the
Speaker 2: moment to the Mari and I talked about this before.
Speaker 2: It's why I took the moment to talk about what
Speaker 2: we're going to do on community infrastructure. We need community
Speaker 2: infrastruc you know, hockey rinks matter, art centers matter, light
Speaker 2: rail transport matter. Investing in that and us investing. Our
Speaker 2: big thing is build Canada. You probably caught that Canada Strong.
Speaker 2: We want people to see that we're building Canada owner
Speaker 2: in their neighborhood, in and around Well, we're saying that
Speaker 2: we are building Gray's Bay Port in Nunavate, which is
Speaker 2: going to open up opportunities. Well, we're building, Well, we're
Speaker 2: building what we were We've decided you know to work
Speaker 2: together today with Alberta because most people won't see that.
Speaker 2: They will benefit from it, absolutely benefit from it, but
Speaker 2: they will see what's happening in their neighborhood and they
Speaker 2: deserve to see us building together. For that.
Speaker 7: We also need funding for the OVAL.
Speaker 5: I just would put that out there, the Olympic.
Speaker 2: Oval, but the Oval. I didn't know that.
Speaker 7: Yeah, well, we can refeel on that later. But when
Speaker 7: you talked to.
Speaker 2: It was fine last time I was there.
Speaker 3: No, no, what did you do to it?
Speaker 2: You're supposed to take care of it.
Speaker 7: It's all okay, it needs chillers and other things. Just
Speaker 7: you talked about building. This is my last question. You
Speaker 7: talked about building Canada and you've emphasized the but alongside
Speaker 7: that we you made the comment in your speech that
Speaker 7: these are this is an excellent opportunity for getting into
Speaker 7: the trades and just wanted to, you know, what are
Speaker 7: your plans to encourage more youth to choose these career
Speaker 7: pathways and to bolster the trades production, Like, we need
Speaker 7: people to help build Canada strong. How's that going to work?
Speaker 2: Yeah? So I came from I referenced it briefly. I
Speaker 2: just saw Sean Strickland, who is the head of the
Speaker 2: Canada Building Trades Union, and one of the things they
Speaker 2: do is to help map like how many people are
Speaker 2: we going to need, how many do we have and
Speaker 2: how are we going to get them? And there is
Speaker 2: an enormous need and I think it's just we're just
Speaker 2: at the early stages of appreciating how many people we
Speaker 2: need to get into the trades. Young people need to
Speaker 2: get in the trades, and so we need to do
Speaker 2: multiple things. One we need to talk about it virtually
Speaker 2: every time I speak. I say this point, which is true,
Speaker 2: is we are going to create hundreds of thousands of
Speaker 2: careers in the trade. It is going to be a
Speaker 2: great time to be in the trade because we're going
Speaker 2: to build for twenty five thirty years. This is the point.
Speaker 2: And then you know those who come after us. I'm
Speaker 2: sure we'll build more. But getting people to understand, young
Speaker 2: people to understand this is great. I'm going to move
Speaker 2: into a career first point. Secondly, we are going to
Speaker 2: and you're going to see more of this, and we'll
Speaker 2: do it with the provinces as well. Is to work
Speaker 2: with the unions, their apprenticeship programs, work with the post
Speaker 2: secondary inecution, whether it's Mount Royal Nate say examples for
Speaker 2: the apprenticeship and the trade building as well, and then
Speaker 2: also have some mid career programs so that people can
Speaker 2: switch over into that. So a lot needs to be
Speaker 2: done to create the training capacity, but it starts with
Speaker 2: creating the demand and making it clear that we are
Speaker 2: not messing around. We are going to build big. Because
Speaker 2: we're going to build big and build often. There's great opportunities.
Speaker 5: The patience of anyone in Room one thirty five B
Speaker 5: in West Bloc and any reporters currently on the line
Speaker 5: as you as you heard, we've had some technical difficulties
Speaker 5: connecting Marea Roismo. It's the conference to press matnot pret
Speaker 5: poor poor comose. And I'm very grateful to people who've
Speaker 5: waited and people who've been have been helping me. Ah
Speaker 5: just be Vermo sit at anuge is come chef de
Speaker 5: partive romod sit portoco do cour at a Alberta a
Speaker 5: pierre couge. Imagine, we knew, we had a lot of
Speaker 5: advance notice that there there would be some kind of
Speaker 5: memorandum of understanding between the Government of Alberta and Premier
Speaker 5: Daniel Smith and Prime Minister Mark Carney. But this is
Speaker 5: simply unimaginable. This is a betrayal of so many different values,
Speaker 5: so many different agreements, so many different orders of rights
Speaker 5: and existing Canadian law. It completely sets the stage for
Speaker 5: the complete abandonment of Canada's climate policy.
Speaker 7: It is.
Speaker 5: Simply shocking. So I will go through in short order
Speaker 5: major concerns and then be available for any questions anyone has.
Speaker 5: And I think, of course you're all hearing the responses
Speaker 5: from British Columbia, First Nations, coastal peoples of British Columbia,
Speaker 5: as well as Canadians from coast to coast. What this
Speaker 5: accord does is give a fast track to massive industrial projects,
Speaker 5: some of which are unlikely to work but waste a
Speaker 5: lot of money, some of which may work but will
Speaker 5: not help the climate crisis, and others that simply make
Speaker 5: no sense. No set protocol via LANDSTRI, Nuclear LANDSTRI, dan
Speaker 5: fossil vere Kelco Group de de Desentistria via Lacion dedis
Speaker 5: don Constitution to Canada, PUOC don quel d COO pat Canada.
Speaker 5: We're looking at an agreement. Let's start with the things
Speaker 5: that don't make sense. Just on November seventeenth, the Prime
Speaker 5: Minister confirmed in the House of Commons, in response to
Speaker 5: my question, not just to me but to all Canadians,
Speaker 5: a commitment to the Paris Agreement. The stay is far
Speaker 5: below two degrees celsius possible. This agreement is premised on
Speaker 5: net zero by twenty fifty, as though they are the
Speaker 5: same things. They are not. Net zero by twenty fifty
Speaker 5: is a fraud. It always has been, because in order
Speaker 5: to avoid catastrophic impacts from the climate crisis, emissions need
Speaker 5: to be reduced quite sharply and yesterday. But certainly the
Speaker 5: dat limite the de MIAs saint cent siboxcept do pasco,
Speaker 5: says Don Lavanie. It's Clay l Lavenill. It's too far
Speaker 5: in the future. Twenty fifty is not a date that
Speaker 5: shows up in the Paris Agreement at all. We are
Speaker 5: committed as a country to forty to forty five percent
Speaker 5: reductions below two thousand and five levels by twenty thirty five.
Speaker 5: So everything about this agreement, the notion of net zero
Speaker 5: zero dc dimian sent in it, but sible acceptation in it,
Speaker 5: but an ex don la core de Paris. So that's
Speaker 5: the first point we need to ensure we're meeting international law,
Speaker 5: which is the Paris Agreement, and for that matter, we
Speaker 5: also have to meet domestic law because Canada has the
Speaker 5: so called Net Zero Accountability Act that requires that Canada
Speaker 5: have emission reductions by twenty thirty five. The plan to
Speaker 5: achieve those under domestic law is due in February twenty
Speaker 5: twenty six. This blows a hole through all of that.
Speaker 5: If we were serious about building an oil pipeline to
Speaker 5: expand production of the dirtiest of forms of oil, which
Speaker 5: is bitchamin from the oil Sanse of Alberta. It is
Speaker 5: also absurd in that it speaks of something that can't exist,
Speaker 5: and what can't exist is a bitchumen pipeline. I say
Speaker 5: that not as a political statement, but as a physical reality,
Speaker 5: that bitchumin is a solid and can't flow through a pipeline.
Speaker 5: That's why the substance that moves through the Trans Mountain
Speaker 5: pipeline isn't solid bitchumen, but diluted bitchumen, which makes it
Speaker 5: a far more dangerous substance and makes it impossible to
Speaker 5: clean up in the marine environment. So I don't know
Speaker 5: why any written documents signed by a Prime minister in
Speaker 5: a premier would refer to a bitchumen pipeline, but for
Speaker 5: a moment, imagine they actually want to move solid bitchumen
Speaker 5: to the BC coast. That's easy. The infrastructure exists now.
Speaker 5: If you want to move bitjumin as a solid like
Speaker 5: a lump of tar, which is what it is, you
Speaker 5: put it on a train where it's completely safe. It's
Speaker 5: not like back and shale that blew up in luck
Speaker 5: make antique. Put it on a train or truck, ship
Speaker 5: it to a container ship. It doesn't pose a risk
Speaker 5: because bitchmen can neither catch fire nor spill. Just as
Speaker 5: a note of interest of the diluted bitchmen that now
Speaker 5: leaves Burnaby from the Trans Mountain pipeline and is shipped
Speaker 5: to China. On arrival at any port, whether dilbit, whether
Speaker 5: going to China or the US or wherever, the first
Speaker 5: thing they do is take out the diluent, which is
Speaker 5: a mix of chemicals basically fossil fuel condensate that makes
Speaker 5: the bitchumen, once stirred in capable of flowing through a
Speaker 5: pipeline at any place of destination. They take out the
Speaker 5: diluent because it's not a product. Upgrade it's only there
Speaker 5: to get the solid bitchmen to flow through a pipeline.
Speaker 5: So about a third of the bitchmen from Alberta that
Speaker 5: now reaches China is used to pave roads because it
Speaker 5: is essentially tar, it's not essentially crude oil until it
Speaker 5: is upgraded and then goes through a refinery to become
Speaker 5: a fossil fuel product like gasoline. Just to make these points,
Speaker 5: because I wonder how they could decide that they want
Speaker 5: to call it a bitchumen pipeline. If it's a pipeline,
Speaker 5: it's a dilbit pipeline, and dilbit is inherently more dangerous
Speaker 5: in transit, and if it spills, it is literally impossible
Speaker 5: to clean up in the marine environment. So the tanker
Speaker 5: band that was enacted on the VC Coast as a
Speaker 5: voluntary member understanding between the federal government and VC government
Speaker 5: when the Prime minister was Pierre Trudeau in nineteen seventy two,
Speaker 5: that wasn't motivated by climate action obviously, in nineteen seventy two,
Speaker 5: that was motivated to protect the BC coastline from a
Speaker 5: major oil tanker spill such as it was experienced a
Speaker 5: couple of years later in Alaska. With excellent Valdis. This
Speaker 5: is a nonsense. It is also a nonsense to say
Speaker 5: that the Pathways project, once completed, will be successful in
Speaker 5: containing carbon dioxide and sequestering it from the environment. Carbon
Speaker 5: capture and storage is notoriously hugely expensive and not particularly effective.
Speaker 5: On top of that technology that they're betting on a
Speaker 5: technology that is both expensive and not particularly effective. They've
Speaker 5: also put real push behind the idea that Alberta is
Speaker 5: going to go nuclear. And they've also, of course in
Speaker 5: assuming that they can go across BC with a dilbit
Speaker 5: pipeline against the wishes of the people of British Columbia
Speaker 5: and against the rights of title holders First Nations, whose
Speaker 5: rights are entrenched in Section thirty five of our Constitution,
Speaker 5: as well as in Canada's acceding to the United Nations
Speaker 5: Declaration the Rights of Indigenous peoples. At every level, this
Speaker 5: is an abomination and I'm afraid that Prime Minister Mark
Speaker 5: Carney and Premier Daniel Smith will find it no matter.
Speaker 5: Daniel Smith saying in the press conference today that this
Speaker 5: memory of understanding does not give a veto to the
Speaker 5: Province of British Columbia, or any province or anyone else
Speaker 5: if Premier of Alberta, Daniel Smith, thinks that First Nations
Speaker 5: in this country don't have constitutionally enshrine protected rights, and
Speaker 5: that there aren't enough bulldozers in this world to stop
Speaker 5: the determination of British Columbia coastal first nations to say no,
Speaker 5: damn way, are you crossing British Columbia again with a
Speaker 5: dilbit pipeline to create more tanker traffic, to threaten our
Speaker 5: marine environment and billions of dollars worth of industry on
Speaker 5: our coastline, our fishery, our tourism, but beside putting down
Speaker 5: signs on it, our rights and the rights of our
Speaker 5: children and grandchildren to have an existence in a planet
Speaker 5: that's habitable without a vast increase not only in fossil
Speaker 5: fuel production, but fossil fuel burning and a threat to
Speaker 5: the future of human civilization. So I read this memor
Speaker 5: and of understanding expecting to see a concern, expecting to
Speaker 5: think they're going to offer the possibility of a pipeline
Speaker 5: if they can find a private sector proponent. But there's
Speaker 5: far more in here that is stated as the federal
Speaker 5: government will ensure Alberta can do the following things and
Speaker 5: we have to make it very very clear. Green Party
Speaker 5: will make it clear that the British Columbia Green Party
Speaker 5: has already made it clear, as have the First Nations.
Speaker 5: I saw the statement of Hereditary Chief of the Haida
Speaker 5: Nation Gujo. If the BC government and the federal government
Speaker 5: of Canada think that this is a doable thing, they
Speaker 5: are wrong. This informed and it's a nonsense to imagine
Speaker 5: that untested, expensive technologies like carbon capture and storage are
Speaker 5: going to make it possible to build a pipeline loaded
Speaker 5: with diluted bitchumen. As I said, no objections from me.
Speaker 5: Load it on a train, ship it to the Port
Speaker 5: of Vancouver, stick beitjamin and containerships and send it wherever
Speaker 5: you want. But don't you dare think you're going to
Speaker 5: put a pipeline loaded with diluted bitchumen across the BC
Speaker 5: coast and increase the number of tankers on our coastlines.
Speaker 5: I call on all British Columbia MPs, particularly coastal MPs,
Speaker 5: particularly liberals who never ran on this, stand up now
Speaker 5: and protect British Columbia, protect First Nations rights, show some solidarity,
Speaker 5: chose backbum the same mon re Exian protocol co a,
Speaker 5: Madame Smith and Misief Carney.
Speaker 8: We will start with the questions inside the room, missmay
Speaker 8: and then if there are questions online, please just raise
Speaker 8: your hand and I'll get to you after the questions in.
Speaker 5: The in.
Speaker 9: Hi, mis May, this is Lisa Mayra from CDC News.
Speaker 9: Thanks for doing this today. We've just heard that Stephen
Speaker 9: Gibaut is resigning cabinet. He's staying on as a Liberal MP,
Speaker 9: and he's already spoken to the Prime Minister as someone
Speaker 9: who is a longtime friend and colleague of yours since
Speaker 9: about nineteen ninety two. I think you said, I'm just
Speaker 9: hoping to get your reaction to that in French and English.
Speaker 5: Please DeSUS case Stephen gibo of Fascoe and Sesoisie Carney
Speaker 5: a la vernier. With Stephen in cabinet, one would hope
Speaker 5: that the Prime Minister might listen if Stephen GiB And
Speaker 5: you've just told me in the news I hadn't heard
Speaker 5: before Stephen Giebo leaving cabinet. Dash is the last hope
Speaker 5: that Mark Karney is going to have a good climate
Speaker 5: record ever, jem VT Menna is exige Stephen sivip pative.
Speaker 5: We need strong climate members of Parliament, because if there
Speaker 5: is not a party in Parliament that's a recognized party
Speaker 5: large enough to create a new political dynamic in this country.
Speaker 5: So far Prime Minister Mark Kearney has tacked right, taking
Speaker 5: Qualitiev's policies and embracing them as government policies. Without a
Speaker 5: strong party that's progressive to create some counterbalance in a
Speaker 5: minority parliament, we won't get better. We can get better
Speaker 5: with more liberal MPs standing up for climate, joining us
Speaker 5: and creating a new force in the Canadian political scene. PASCA,
Speaker 5: the respect in Moijon, the Mona, meet Alonda, Stephen Gibbo,
Speaker 5: seeon de Reste, DN, the Cabinet, the Premium in East.
Speaker 5: So if Stephen Gibo is given up on Mark Carney,
Speaker 5: don't give up on democracy, don't give up on climate action.
Speaker 5: Join us. Now's the time, uh.
Speaker 9: And another follow up quickly for you. Do you think
Speaker 9: the Prime Minister lied to you on November seventeenth when
Speaker 9: he committed to the Paris Climate Accord.
Speaker 5: No, I don't. I don't think to stable far blow
Speaker 5: two degrees as possible. It may be that he imagines
Speaker 5: that he has techno fantasies that it's doable without doing
Speaker 5: the right thing now, and we can somehow make up
Speaker 5: for lost time later. I don't like to accuse people
Speaker 5: of lying, but his actions are reckless, and he is
Speaker 5: not considering what this MoU does any hope of Canada
Speaker 5: keeping the Paris Agreement targets that he that he committed
Speaker 5: publicly and clearly, and I negotiated for my vote to
Speaker 5: have that public clear commitment to hold to Paris Agreement,
Speaker 5: which is not net zero by twenty fifty. To repeat
Speaker 5: to Javasui Nique called dear zero h D. C. Dumius
Speaker 5: and comte de tout de galdi the lo fontasion the
Speaker 5: padue degree celsius and stay as far below two degrees
Speaker 5: celsius as possible. That's the Paris target. So it may
Speaker 5: be who knows what was in his head when he
Speaker 5: said it. So I don't accuse people of lying, but
Speaker 5: I say, right now and clearly, the actions in this MoU.
Speaker 5: If they maintain that this is what they're going to
Speaker 5: do and they don't rip it up tomorrow, they've sold
Speaker 5: out all of Canada and our future and a stable
Speaker 5: climate for future generations. If they pursue this course to
Speaker 5: satisfy Daniel Smith and ignore Premier David Aby, ignore the
Speaker 5: First Nations across this country, because it's not just British
Speaker 5: Columbia First Nations that want to stop climate crisis. The
Speaker 5: First Nations of Manitoba and Saskatchewan that had to leave
Speaker 5: their homes all summer because of wildfires. This is unconscionable,
Speaker 5: all right.
Speaker 8: So that's it for the questions in the room. There
Speaker 8: are no questions on the zoom, so we'll conclude the
Speaker 8: press conference. Thank you very much, miss me.
Speaker 5: Nils to Lamande de conciously measures NILSI, and thank you
Speaker 5: to all the press gallery tech team for helping me
Speaker 5: out here. I don't know, but maybe the technology result
Speaker 5: was also reacting to the protocol dot com. Thank you all.
Speaker 2: Thank you having hi.
Speaker 6: Let's see all my colleagues out on a cloudy Victoria day.
Speaker 3: Thanks for joining us.
Speaker 6: There was a significant announcement this morning from the Prime
Speaker 6: Minister and the Premier of Alberta, and I'm happy for
Speaker 6: the opportunity to join you to respond to that agreement.
Speaker 6: First of all, I'd like to start with where British
Speaker 6: Columbia is at right now in terms of our efforts
Speaker 6: to bid the national economy to create jobs and prosperity
Speaker 6: for Canadians and for British Columbians.
Speaker 7: We have.
Speaker 4: Huge projects, really exciting.
Speaker 6: Projects in our province right now that will employ thousands
Speaker 6: of people, create billions of dollars in revenue for the
Speaker 6: federal and provincial governments to help pay for the public
Speaker 6: services that people need and that are done in a
Speaker 6: way that is environmentally responsible and that is done in
Speaker 6: partnership with First Nations.
Speaker 4: This approach, which.
Speaker 6: We have been working on four years, is why we
Speaker 6: are leading the country in major projects. In the Federal
Speaker 6: Major Project's Office, we have four times more projects than
Speaker 6: any other province in Canada. These are private sector projects
Speaker 6: with billions of dollars of investment in Canada that will
Speaker 6: increase the buying power of Canadians who are struggling with affordability.
Speaker 6: I'll employ thousands of people from across the country in
Speaker 6: good paying jobs, supporting families, and that will do so
Speaker 6: reducing our reliance on the United States. These projects involve
Speaker 6: experts to global markets across the Pacific. We're really proud
Speaker 6: of that and the core of this work, the foundation
Speaker 6: of it is the support of British Columbians, Canadians, and
Speaker 6: particularly First Nations to be able to work together to
Speaker 6: lift the whole country up. With the announcement today from
Speaker 6: the federal government and from the Prime Minister in the
Speaker 6: premier of Alberta, my anxiety about the pipeline proposal that
Speaker 6: has come from Alberta that is a key part of
Speaker 6: this agreement is that it runs the very significant risk
Speaker 6: that has already partially been realized, of taking our eye
Speaker 6: off the prize, of distracting the federal government and distracting
Speaker 6: resources and pulling time away from real projects that can
Speaker 6: be delivered in the near term. And just one example,
Speaker 6: we have the largest private sector investment in Canadian history
Speaker 6: that will reach final investment decision in the next year,
Speaker 6: Gelergy Canada Phase two project.
Speaker 4: We need the federal government focused on that.
Speaker 6: We need them focused on the fifty billion dollars in
Speaker 6: mining projects in the Northwest enabled by the North Post
Speaker 6: Transmission line. These are projects that are imminently getting their
Speaker 6: permits or already have all relevant approvals, They have private
Speaker 6: sector backers and they are ready to go. The reason
Speaker 6: why I'm anxious about this proposed pipeline project from Alberta
Speaker 6: being a distraction is that we've already seen that happen. Nutrient,
Speaker 6: a large potash producer from Saskatchewan, was involved in conversations
Speaker 6: with the federal government with the Government of Saskatchewan about
Speaker 6: where to export their potash from, a project that would
Speaker 6: result in significant jobs in British Columbia, would secure the
Speaker 6: people of Saskatchewan's access to global markets if it stayed
Speaker 6: in Canada, and would also reduce the risk of Donald
Speaker 6: Trump putting tariffs on Canadian potash going through the United States.
Speaker 6: They were making a decision about which port to export through. Unfortunately,
Speaker 6: instead of having conversations with British Columbia about this project,
Speaker 6: the Premier of Saskatchewan says he was engaged with Premier
Speaker 6: Smith about this pipeline project proposal. Because of that, in
Speaker 6: my opinion, Nutrient made the decision to ship out of
Speaker 6: Washington State instead of out of British Columbia. Premier Moe
Speaker 6: and I should have been working together on addressing bottlenecks
Speaker 6: by encouraging the federal government to invest in new rail
Speaker 6: infrastructure the Massy Tunnel bottlenext to our ports. The Nutrient
Speaker 6: incited as one of the reasons why they decided to
Speaker 6: go to Washington State. So my concern about this project
Speaker 6: being a distraction to real projects and real opportunities for Canadians. Unfortunately,
Speaker 6: I've seen that happen once already, and I don't want
Speaker 6: to see it happen again. The pipeline proposal has no
Speaker 6: project proponent. There is not one private company that has
Speaker 6: stepped up to say, if.
Speaker 4: You build it, we'll buy it. If the approvals are
Speaker 4: in place, we'll build it. Not one.
Speaker 2: It has no route.
Speaker 6: Currently taxpayers through the Trans Mountain Pipeline Corporation, are funding
Speaker 6: the development.
Speaker 3: Of the route.
Speaker 6: Not only does it not have permits, doesn't even have
Speaker 6: a route. But the third thing it doesn't have is
Speaker 6: something that the Prime Minister said he believed was core
Speaker 6: in the House in the Federal Parliament just recently, that
Speaker 6: first nations agree and support projects before they will go
Speaker 6: forward through the Major Project's Office. And this project does
Speaker 6: not have the support of coastal First Nations. And that's
Speaker 6: important to us in BC because all of the projects
Speaker 6: that I outline to you, those billions of dollars of investment,
Speaker 6: those thousands of jobs, depend as well on the support
Speaker 6: of coastal First Nations who support we do have for
Speaker 6: these projects. There are significant additional components to this agreement
Speaker 6: that British Columbia will need to take some time to
Speaker 6: study and understand. There is a marked departure in a
Speaker 6: federal government policy around oil and gas cap, emissions cap,
Speaker 6: around Queen electricity regulations, and other pieces that will have
Speaker 6: to study to understand. But the bottom line for us
Speaker 6: is that we need to make sure that this project
Speaker 6: doesn't become an energy vampire with all of the very
Speaker 6: that have yet to be fulfilled, no proponent, no route,
Speaker 6: no money, no First Nation support, that it cannot draw
Speaker 6: limited federal resources, limited Indigenous governance resources, limited provincial resources
Speaker 6: away from the real projects that will employ people, provide
Speaker 6: the country with money that we desperately need, and provide
Speaker 6: investment and access to global markets to deepen our trade
Speaker 6: relationships overseas.
Speaker 4: So I will continue to advocate for British.
Speaker 6: Columbia's interests, which I believe there are also Canadian interests
Speaker 6: in delivering as many projects as we can as quickly
Speaker 6: as possible to grow economy and support people across the country.
Speaker 6: I'm proud of the fact that BC is the economic
Speaker 6: engine of the new economy that We're building together as
Speaker 6: Canadians and we will continue to play our role. And
Speaker 6: all I ask is that every project across the country
Speaker 6: be evaluated against the same.
Speaker 4: Criteria.
Speaker 6: Do you have permits, do you have a private project proponent?
Speaker 6: How much money is it going to bring in? How
Speaker 6: much are you going to.
Speaker 4: Raise wages and GDP for Canadians?
Speaker 6: And on those criteria, BC far and away leaves the country,
Speaker 6: we will continue to do so and we're proud to
Speaker 6: do so.
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