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When pressed on why there wasn't enough private interest in the pipeline & why taxpayers money is required... Smith responded by basically saying that neither she nor the Feds could convince private equity that the project wouldn't be cancelled, so taxpayers are picking it up.

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The Breakdown

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53,400 Aufrufe • vor 8 Tagen •via X (Twitter)

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I'm not a fan of this UCP oil pipeline endeavor that will line up connected pockets and I'm sure as heck not in favour of this: Danielle Smith: "We have a facility called the Alberta Indigenous Opportunities Corporation where we have the ability to underwrite up to $3B in loan guarantees so that Indigenous Nations are able to take equity stake." Taxpayers shouldn't be on the hook nor rewarding a selected group of people nor should we be forcing oil&gas companies (any companies) to arbitrary partnerships. This is essentially bribing. Close that department down. The fact that this is even a stipulation to the project speaks to why we just can't get anything done in Canada.
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When asked about the cost taxpayers will be carrying for the proposed pipeline... Smith says she doesn't know how much taxpayers will be on the hook for or what the ownership stakes will look like. #abpoli #ableg #cdnpoli
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When asked about the cost taxpayers will be carrying for the proposed pipeline... Smith says she doesn't know how much taxpayers will be on the hook for or what the ownership stakes will look like. #abpoli #ableg #cdnpoli

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Premier Smith asked why a private company didn't step up to take full control of the pipeline project. She says projects have been cancelled or stalled due to regulatory issues costing companies billions. This arrangement helps alleviate those fears.
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Danielle Smith is asked "The Carney Pipeline project has no customers signed up. Isn't it obvious that no one in the industry actually believes this is going to be built? Certainly not enough to put their own money into it" Smith "Well, thanks for the nice neutral question." Danielle Smith
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The WorldBank Group is the best deal in development—for governments, taxpayers, and the private sector. Watch the #WBGMeetings press conference to learn why.
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The WorldBank Group is the best deal in development—for governments, taxpayers, and the private sector. Watch the #WBGMeetings press conference to learn why.

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Danielle Smith explains why she expects one of more private sector pipeline proponents to step up. Alberta's premier says the private sector is already working with her to make sure this happens.
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