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Former TC pipeline exec Dennis McConaghy with Rosie "Well, remember, the first investment decision that really has to come about is being satisfied that our removal of emission caps isn't nullified by an impossibly high carbon price applied to any of the emissions applied." "So to the specifics, like...

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Former TC Energy pipeline exec Dennis McConaghy on a possible KeystoneXL revival "Well, my first concern about this Canadian government is how they deal with two outstanding issues in the MoU." "Open ended carbon taxes on industrial emissions and dates for decarbonizing any incremental oil production out of Canada." "Those are basic showstoppers." "So people can talk a lot about pipelines and pipeline alternatives, but if you don't have any incremental production to fill the pipeline, it's the moot point." "So there's a lot of very dramatic bargaining ahead."
4:46

Former TC Energy pipeline exec Dennis McConaghy on a possible KeystoneXL revival "Well, my first concern about this Canadian government is how they deal with two outstanding issues in the MoU." "Open ended carbon taxes on industrial emissions and dates for decarbonizing any incremental oil production out of Canada." "Those are basic showstoppers." "So people can talk a lot about pipelines and pipeline alternatives, but if you don't have any incremental production to fill the pipeline, it's the moot point." "So there's a lot of very dramatic bargaining ahead."

cbcwatcher

63,525 Aufrufe • vor 5 Monaten

Once again, when former TC exec, Dennis McConaghy, talks... listen! "If this pipe is able to attract legitimate oil producers who are willing to commit to put oil in this pipeline for the long term, then we're really going to have a foundation that can actually realize this project." "That wasn't evident on Thursday night and there are still concerns about whether that will be achieved given the issues related to the competitiveness of that production in the face of existing Canadian carbon taxes and the whole issue of imposing decarbonization mandates that is the Pathways Project" "So I am confident that if this project is able to attract long term commitments of supply from those five major oil sands producers, if that is achieved, then the federal government, or the Alberta government for that matter, will be able to auction off the interest in this project to private sector elements." "If that's put in place, then I'm confident that private sector elements will be able to bid for these positions and the federal government and the Alberta government won't have to be the residual owners of it."
6:13

Once again, when former TC exec, Dennis McConaghy, talks... listen! "If this pipe is able to attract legitimate oil producers who are willing to commit to put oil in this pipeline for the long term, then we're really going to have a foundation that can actually realize this project." "That wasn't evident on Thursday night and there are still concerns about whether that will be achieved given the issues related to the competitiveness of that production in the face of existing Canadian carbon taxes and the whole issue of imposing decarbonization mandates that is the Pathways Project" "So I am confident that if this project is able to attract long term commitments of supply from those five major oil sands producers, if that is achieved, then the federal government, or the Alberta government for that matter, will be able to auction off the interest in this project to private sector elements." "If that's put in place, then I'm confident that private sector elements will be able to bid for these positions and the federal government and the Alberta government won't have to be the residual owners of it."

cbcwatcher

15,466 Aufrufe • vor 1 Monat

Rosie gets emotional wanting Poilievre to stop equating affordability with the Carbon Tax "I would suggest you stop talking about it." When given the opportunity to ask Carney, she didn't ask how much his new industrial Carbon Tax and Carbon Tariff were going to cost Canadians. She let him ramble. Every time he said "just to be clear," it got murkier And she let him get away with it! Canadian companies HAVE to trade with the US. The US HAS NO CARBON TAX or CARBON TARIFFS. Carney's will make Canadian businesses far less competitive and Rosie knows it. The years of Carbon Tax, of all kinds, have ALREADY made Canada weaker and less competitive.
4:28

Rosie gets emotional wanting Poilievre to stop equating affordability with the Carbon Tax "I would suggest you stop talking about it." When given the opportunity to ask Carney, she didn't ask how much his new industrial Carbon Tax and Carbon Tariff were going to cost Canadians. She let him ramble. Every time he said "just to be clear," it got murkier And she let him get away with it! Canadian companies HAVE to trade with the US. The US HAS NO CARBON TAX or CARBON TARIFFS. Carney's will make Canadian businesses far less competitive and Rosie knows it. The years of Carbon Tax, of all kinds, have ALREADY made Canada weaker and less competitive.

cbcwatcher

89,678 Aufrufe • vor 1 Jahr

McTeague: The Liberal budget is a massive failure (link in reply to full video) Dan McTeague "It's going to supercharge an industrial carbon tax." "This is going to be a real drag on small, medium and even large businesses who are already under significant pressure, not just because of tariffs, but because this is a country that decided to put a lot of regulations on every aspect of production, manufacturing, resource extraction, resource refining." "So the fact the Liberals cannot get rid of the carbon tax, they want an industrial carbon tax, or that they won't get rid of emission caps unless there are a number of conditions that are met, much of which requires massive amounts of investment in carbon sequestration, what they call the carbon capture and underground storage." "No issue as to government investing in infrastructure, dealing with pipelines, no infrastructures for natural gas or oil or LNG." "All these things remain way up in the air." "So what this budget is, it's a failure in my view, as far as my years as a Liberal"
3:43

McTeague: The Liberal budget is a massive failure (link in reply to full video) Dan McTeague "It's going to supercharge an industrial carbon tax." "This is going to be a real drag on small, medium and even large businesses who are already under significant pressure, not just because of tariffs, but because this is a country that decided to put a lot of regulations on every aspect of production, manufacturing, resource extraction, resource refining." "So the fact the Liberals cannot get rid of the carbon tax, they want an industrial carbon tax, or that they won't get rid of emission caps unless there are a number of conditions that are met, much of which requires massive amounts of investment in carbon sequestration, what they call the carbon capture and underground storage." "No issue as to government investing in infrastructure, dealing with pipelines, no infrastructures for natural gas or oil or LNG." "All these things remain way up in the air." "So what this budget is, it's a failure in my view, as far as my years as a Liberal"

cbcwatcher

25,307 Aufrufe • vor 9 Monaten

🚨Nothing will be built in Canada unless it's decrabonized as Mark Carney doubles down on his Green agenda. "We want to see lower carbon conventional energy. Lower carbon mining. Lower carbon manufacturing. Because that is going to be a driver of competitiveness." As if Canada can afford this red tape that will make it all but competitive. The only thing that will make us competitive is to actually build things and participate in the global economy to begin with.
0:39

🚨Nothing will be built in Canada unless it's decrabonized as Mark Carney doubles down on his Green agenda. "We want to see lower carbon conventional energy. Lower carbon mining. Lower carbon manufacturing. Because that is going to be a driver of competitiveness." As if Canada can afford this red tape that will make it all but competitive. The only thing that will make us competitive is to actually build things and participate in the global economy to begin with.

Kirk Lubimov

44,799 Aufrufe • vor 10 Monaten

Carney's new emission reduction plan looks like a shell game. Knock off the emissions cap but increase costs and penalties elsewhere Still many hoops! Lots of uncertainty. Driving away investment dollars "But to your point, they are moving to strengthen the industrial carbon pricing system." "If the country can agree on develop a post 2030 carbon pricing trajectory, we can get to a point where you don't need the emissions cap." "So essentially the plan is the government's going to sit down with the provincial and territorial governments and setting up a multi decade industrial carbon price trajectory long term certainty heading towards a net zero target by 2050." "So if you can do the methane, if you can do the electricity, if you can agree to an industrial carbon price on a long term horizon to give certainty, then you can get to the oil and gas emissions cap." Who gives a rats arse what Liz May thinks. Even Bill Gates gets it Competing against the US... that has none of these
2:58

Carney's new emission reduction plan looks like a shell game. Knock off the emissions cap but increase costs and penalties elsewhere Still many hoops! Lots of uncertainty. Driving away investment dollars "But to your point, they are moving to strengthen the industrial carbon pricing system." "If the country can agree on develop a post 2030 carbon pricing trajectory, we can get to a point where you don't need the emissions cap." "So essentially the plan is the government's going to sit down with the provincial and territorial governments and setting up a multi decade industrial carbon price trajectory long term certainty heading towards a net zero target by 2050." "So if you can do the methane, if you can do the electricity, if you can agree to an industrial carbon price on a long term horizon to give certainty, then you can get to the oil and gas emissions cap." Who gives a rats arse what Liz May thinks. Even Bill Gates gets it Competing against the US... that has none of these

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27,259 Aufrufe • vor 9 Monaten

Carney's carbon market “that works” will be one of the worst things to happen to Canada. It will guarantee a carbon market that can't be undone with a change of government, as it will be a legal agreement with private businesses rather than legislation, ensuring Brookfield Corporation profits into the future. This isn't building Canada strong, this is making Canada BROKE.
18:21

Carney's carbon market “that works” will be one of the worst things to happen to Canada. It will guarantee a carbon market that can't be undone with a change of government, as it will be a legal agreement with private businesses rather than legislation, ensuring Brookfield Corporation profits into the future. This isn't building Canada strong, this is making Canada BROKE.

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Mark Carney who believes the carbon tax should be high enough to punish Canadians, has temporarily lowered the carbon tax to improve his chances of winning an election. These changes will not last. Carney plans to hide the carbon tax and shift it to industries which will trickle down to consumers. The gas prices today show the damage and price gouging that Liberals have inflicted on Canadians with the carbon tax. After years of being called climate change-deniers, Conservatives finally got Liberals to admit that their carbon tax was a revenue ploy that hurt Canadians. Don’t fall for this temporary ploy. Remember that for years the Liberals punished you with this tax and only relented when they were going to be voted out. Only Conservatives will axe the carbon tax on everything, forever.
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Mark Carney who believes the carbon tax should be high enough to punish Canadians, has temporarily lowered the carbon tax to improve his chances of winning an election. These changes will not last. Carney plans to hide the carbon tax and shift it to industries which will trickle down to consumers. The gas prices today show the damage and price gouging that Liberals have inflicted on Canadians with the carbon tax. After years of being called climate change-deniers, Conservatives finally got Liberals to admit that their carbon tax was a revenue ploy that hurt Canadians. Don’t fall for this temporary ploy. Remember that for years the Liberals punished you with this tax and only relented when they were going to be voted out. Only Conservatives will axe the carbon tax on everything, forever.

Dr. Leslyn Lewis

66,856 Aufrufe • vor 1 Jahr

Poilievre "Mark Carney is trying to distract from yesterday's lie by going to a steel plant where he's announcing a bigger industrial carbon tax." "Carney agrees with Trump. He wants to tax Canadian industry. Carney wants to do it with carbon taxes." "A carbon tax he wants to apply to the fertilizer that grows our food, to the aluminum, to all the other metals we make, to the cement and concrete and all the industrial products that are literally the backbone of our country." "He's going to effectively impose a Canadian tariff on Canadian industry." Pierre Poilievre
1:49

Poilievre "Mark Carney is trying to distract from yesterday's lie by going to a steel plant where he's announcing a bigger industrial carbon tax." "Carney agrees with Trump. He wants to tax Canadian industry. Carney wants to do it with carbon taxes." "A carbon tax he wants to apply to the fertilizer that grows our food, to the aluminum, to all the other metals we make, to the cement and concrete and all the industrial products that are literally the backbone of our country." "He's going to effectively impose a Canadian tariff on Canadian industry." Pierre Poilievre

cbcwatcher

51,470 Aufrufe • vor 1 Jahr

When former TC Energy pipeline exec Dennis McConaghy talks, listen Going south? "Yes, because that's a fundamental trade off, perhaps of less diversity in markets, less potential higher premiums, but greater feasibility of getting the pipeline built as quickly as possible." "I think obviously one of the big advantages of going to Kitimat or Prince Rupert is that you can get larger tankers into those ports than into the Burrard Inlet." "And so there's a greater, I think, fundamental efficiency if you can get a project built through B.C. to attempt to get to the essentially Kitimat, which is my view would be the preferred course." "Or you simply go south and have a more incremental approach to seizing this value by taking the opportunity to integrate with U.S. systems on the U.S. side."
7:35

When former TC Energy pipeline exec Dennis McConaghy talks, listen Going south? "Yes, because that's a fundamental trade off, perhaps of less diversity in markets, less potential higher premiums, but greater feasibility of getting the pipeline built as quickly as possible." "I think obviously one of the big advantages of going to Kitimat or Prince Rupert is that you can get larger tankers into those ports than into the Burrard Inlet." "And so there's a greater, I think, fundamental efficiency if you can get a project built through B.C. to attempt to get to the essentially Kitimat, which is my view would be the preferred course." "Or you simply go south and have a more incremental approach to seizing this value by taking the opportunity to integrate with U.S. systems on the U.S. side."

cbcwatcher

14,135 Aufrufe • vor 3 Monaten

Mark Carney previews the agreement with Alberta that is based on the MOU and his green ideologies. "Alberta has committed to reduce methane emissions by 75% over the next decade. We'll announce tomorrow an implementation agreement which includes strengthening industrial carbon pricing to send clear investment signals and to reward decarbonization. This is essential to our clean electricity agenda. To create the conditions to build the clean grid of the future, we need a carbon pricing market that actually works." This has the potential to increase the effective rate of industrial carbon tax in Alberta by 600%.
0:29

Mark Carney previews the agreement with Alberta that is based on the MOU and his green ideologies. "Alberta has committed to reduce methane emissions by 75% over the next decade. We'll announce tomorrow an implementation agreement which includes strengthening industrial carbon pricing to send clear investment signals and to reward decarbonization. This is essential to our clean electricity agenda. To create the conditions to build the clean grid of the future, we need a carbon pricing market that actually works." This has the potential to increase the effective rate of industrial carbon tax in Alberta by 600%.

Kirk Lubimov

14,114 Aufrufe • vor 3 Monaten

Interesting exchange in the house between Blanchet and Carney. Blanchet doesn't like the accounting on the "tax credits" for clean energy Carney finishes with "The truth is that right now Quebec is using 350,000 barrels of oil a day, so carbon has to be captured for the production and transport of those barrels." Those are imported barrels of oil, mostly from the US, but it begs the question: does Carney expect Canadians to pay for the decarbonization of oil being imported from other countries now? An actual press might be bothered to ask Carney this and get a non babbled answer Mark Carney Yves-F. Blanchet 🎗⚜️
2:15

Interesting exchange in the house between Blanchet and Carney. Blanchet doesn't like the accounting on the "tax credits" for clean energy Carney finishes with "The truth is that right now Quebec is using 350,000 barrels of oil a day, so carbon has to be captured for the production and transport of those barrels." Those are imported barrels of oil, mostly from the US, but it begs the question: does Carney expect Canadians to pay for the decarbonization of oil being imported from other countries now? An actual press might be bothered to ask Carney this and get a non babbled answer Mark Carney Yves-F. Blanchet 🎗⚜️

cbcwatcher

162,752 Aufrufe • vor 9 Monaten

Rosie Barton is either ignoring Poilievre's words or is deliberately misleading the CBC audience. First she goes along with the Carney story that he was asked to be Finance Minister under Harper "Harper's former director of communications responded to this by saying Carney's not telling the whole story and that Harper in no way supports Carney." Next she says "But we also heard Poilievre doubling down on the need to axe the consumer carbon tax, even though no Liberal leadership candidate supports it going forward." Carney is keeping a Carbon Tax and here is what Poilievre says about it "And after much reflection, I have concluded that the carbon tax will be an even bigger issue in the coming election than we thought." "He said just a few days ago that he doesn't want to "axe the tax."" "Mr. Carney's new and bigger carbon tax will help America take every industrial job from Canada." It's pretty clear that Poilievre is fighting Carney and the CBC!
3:09

Rosie Barton is either ignoring Poilievre's words or is deliberately misleading the CBC audience. First she goes along with the Carney story that he was asked to be Finance Minister under Harper "Harper's former director of communications responded to this by saying Carney's not telling the whole story and that Harper in no way supports Carney." Next she says "But we also heard Poilievre doubling down on the need to axe the consumer carbon tax, even though no Liberal leadership candidate supports it going forward." Carney is keeping a Carbon Tax and here is what Poilievre says about it "And after much reflection, I have concluded that the carbon tax will be an even bigger issue in the coming election than we thought." "He said just a few days ago that he doesn't want to "axe the tax."" "Mr. Carney's new and bigger carbon tax will help America take every industrial job from Canada." It's pretty clear that Poilievre is fighting Carney and the CBC!

cbcwatcher

127,680 Aufrufe • vor 1 Jahr

This part of the Alberta - Mark Carney MOU that drives up the real cost of compliance, which Carney boasts will increase by 6x. "In its core, is tightening the TIER system which is the industrial carbon tax price system here in Alberta...it means more than 6 times increase in the price of industrial price of carbon from its effective level." Effective Price is the actual number that hits the operating expense the hardest and impacts the balance sheet. I guarantee you every company's accounting department are now doing calculations and any future investment decision in Alberta will have this in their decision-making. The MOU's whole point on the industrial carbon tax is the convergence of the Headline Price-Effective Price-Floor Price. This is what ensures that companies pay the highest costs, with a slight gap for functional gap to trade credits. With the reduction in the "free" emissions allowance by 2% annually, creates a double whammy that has significant and mandatory increase in the cost of doing business in Alberta. This is the foundational part of the financial engineering mechanism behind carbon trade based system the Mark Carney has been drooling to implement for years. Every dollar on this doesn't go towards company's core business; such as drilling, doesn't go towards paying down debt or returning capital to shareholders. It forces companies to spend $ and send $ to projects that may be completely uneconomical and less productive, such as Carbon Capture etc. UCP just agreed to the biggest cost increase and red tape for our industries in Alberta's history.
0:25

This part of the Alberta - Mark Carney MOU that drives up the real cost of compliance, which Carney boasts will increase by 6x. "In its core, is tightening the TIER system which is the industrial carbon tax price system here in Alberta...it means more than 6 times increase in the price of industrial price of carbon from its effective level." Effective Price is the actual number that hits the operating expense the hardest and impacts the balance sheet. I guarantee you every company's accounting department are now doing calculations and any future investment decision in Alberta will have this in their decision-making. The MOU's whole point on the industrial carbon tax is the convergence of the Headline Price-Effective Price-Floor Price. This is what ensures that companies pay the highest costs, with a slight gap for functional gap to trade credits. With the reduction in the "free" emissions allowance by 2% annually, creates a double whammy that has significant and mandatory increase in the cost of doing business in Alberta. This is the foundational part of the financial engineering mechanism behind carbon trade based system the Mark Carney has been drooling to implement for years. Every dollar on this doesn't go towards company's core business; such as drilling, doesn't go towards paying down debt or returning capital to shareholders. It forces companies to spend $ and send $ to projects that may be completely uneconomical and less productive, such as Carbon Capture etc. UCP just agreed to the biggest cost increase and red tape for our industries in Alberta's history.

Kirk Lubimov

19,211 Aufrufe • vor 3 Monaten

Cochrane blocked trying to dunk on Kate "So too has changed the world." "There's very few countries that are now looking at onboarding an industrial carbon price." Kate Harrison
1:20

Cochrane blocked trying to dunk on Kate "So too has changed the world." "There's very few countries that are now looking at onboarding an industrial carbon price." Kate Harrison

cbcwatcher

30,249 Aufrufe • vor 3 Monaten

No, Danielle. There is no negotiations on the level of industrial carbon tax. You agreed to a *minimum* of $130/tonne. Danielle Smith: "We going to be negotiating that on April 1st, we have to make sure it's at a level that is going to continue to keep our projects and our market competitive." The agreement *has* to be done on April 1st or before. That's the deadline and you agreed to pay a *minimum* much higher industrial carbon tax across our whole industries that will see a 600% increase in effective pricing costs. That MOU already made all of Alberta's industries less competitive and using UN/WEF policies to rationalize it is highly insulting.
1:01

No, Danielle. There is no negotiations on the level of industrial carbon tax. You agreed to a *minimum* of $130/tonne. Danielle Smith: "We going to be negotiating that on April 1st, we have to make sure it's at a level that is going to continue to keep our projects and our market competitive." The agreement *has* to be done on April 1st or before. That's the deadline and you agreed to pay a *minimum* much higher industrial carbon tax across our whole industries that will see a 600% increase in effective pricing costs. That MOU already made all of Alberta's industries less competitive and using UN/WEF policies to rationalize it is highly insulting.

Kirk Lubimov

55,171 Aufrufe • vor 9 Monaten

Andrew Scheer "It can absolutely be the case that Mark Carney's failure to get a deal is a big part of the hardship facing Canadians or the suffering the Canadians are going through." "And also true that keeping the production cap, keeping those Trudeau tax hikes and keeping the industrial carbon tax are also killing jobs. So you're right." "Both of Carney's failures can be attributed to the hardship." "...Mark Carney came on all kinds of CBC shows where he was talking about the fact that he was a master negotiator." Andrew Scheer
6:31

Andrew Scheer "It can absolutely be the case that Mark Carney's failure to get a deal is a big part of the hardship facing Canadians or the suffering the Canadians are going through." "And also true that keeping the production cap, keeping those Trudeau tax hikes and keeping the industrial carbon tax are also killing jobs. So you're right." "Both of Carney's failures can be attributed to the hardship." "...Mark Carney came on all kinds of CBC shows where he was talking about the fact that he was a master negotiator." Andrew Scheer

cbcwatcher

36,237 Aufrufe • vor 10 Monaten