WEBVTT - How the Alberta NDP Competes In One of Canada's Most Conservative Provinces

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<v Speaker 1>Hello, and welcome to another episode of the Odd Lots Podcast.

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<v Speaker 1>I'm Joe Wisenthal. Unfortunately my co host, Tracy Elloway is

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<v Speaker 1>out today, so it'll just be me solo. But it's

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<v Speaker 1>going to build on some conversations that Tracy and I

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<v Speaker 1>have been having lately on the show. So as everyone knows,

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<v Speaker 1>you know, it's a theme that we've really been talking

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<v Speaker 1>about for maybe two years now, or at least a

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<v Speaker 1>year and a half, and this idea of like, okay,

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<v Speaker 1>supply side expansion. Everybody likes the idea in theory of like, okay,

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<v Speaker 1>expanding productive capacity in the economy, and it's very hot

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<v Speaker 1>right now. You've all kinds of people talk about it.

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<v Speaker 1>We had as a reclient, for example, on the show,

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<v Speaker 1>talk about it recently. We also see it in d C.

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<v Speaker 1>There's real action, and the Inflation Reduction Act is specifically

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<v Speaker 1>about building out capacity and investing in a new energy

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<v Speaker 1>and so forth. We sell it with the CHIPSACKED that

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<v Speaker 1>was also passed about building up US domestic semiconductor capacity, etcetera. However,

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<v Speaker 1>that Big said, I still believe that there is this

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<v Speaker 1>core tension, particularly among left or liberal parties, and you

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<v Speaker 1>definitely see in Democrats. Clearly, one aspect of building out

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<v Speaker 1>supply side capacity is energy and oil, gas and so forth,

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<v Speaker 1>and obviously there's interest in renewables, but in the meantime

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<v Speaker 1>this is a real constraint inflation, high gas prices, high

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<v Speaker 1>electricity prices, etcetera. And while on one hand you have,

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<v Speaker 1>you know, there's an impulse to expand supply side capacity,

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<v Speaker 1>there are also climate goals. And so I believe that

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<v Speaker 1>there is this real tension among sort of left liberal

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<v Speaker 1>parties in the West, at least specifically between yes, this

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<v Speaker 1>idea of expanding supply side capacity versus meeting climate goals

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<v Speaker 1>and not giving boost per how to put it to

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<v Speaker 1>the fossil fuel industry, And I don't think that parties

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<v Speaker 1>have really resolved this tension. That being said, there is

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<v Speaker 1>a party that has been thinking about this tension and

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<v Speaker 1>finding a way to resolve it, both in terms of

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<v Speaker 1>policy and politics, for a long time, and that is

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<v Speaker 1>the Alberta n DP. Alberta is historically been a very

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<v Speaker 1>sort of energy Energy is a huge part of the economy,

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<v Speaker 1>and it's also seen as a conservative province. And yet

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<v Speaker 1>the Alberta n DP has had a surprising, a shocking

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<v Speaker 1>amount of electoral success in the province having been in

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<v Speaker 1>power from the rough en sort of this meteoric like shocker,

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<v Speaker 1>and it reminds me personally of the fact that you know,

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<v Speaker 1>Joe Mansion can win in West Virginia in some respect

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<v Speaker 1>because you know, there's such a in the US, such

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<v Speaker 1>a red area. Maybe it would be characterized. I don't

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<v Speaker 1>know what the color schemes are in Canada, but similar idea.

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<v Speaker 1>And so I want to learn more about the Alberta NDP,

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<v Speaker 1>how they do it politically, and how they think about

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<v Speaker 1>these potentially competing policy goals. So I'm very thrilled to

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<v Speaker 1>welcome to the podcast today. I am going to be

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<v Speaker 1>speaking with Rachel Notley. She is the leader of Alberta's

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<v Speaker 1>official opposition, the leader of the Alberta NDP, and she

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<v Speaker 1>was the provincial chief from the year through nine. An

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<v Speaker 1>election season is gearing up in Alberta once again, could

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<v Speaker 1>be uh the spring, it could be sooner, maybe later

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<v Speaker 1>because of how parliamentary systems work. So we're gonna talk

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<v Speaker 1>about what what's going to come up in this election season. So, Rachel,

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<v Speaker 1>thank you so much for coming on the podcast. Well,

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<v Speaker 1>it's a pleasure to be here, um, Joe, and it

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<v Speaker 1>sounds like you've been having some very interesting conversations as

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<v Speaker 1>we go through a lot of economic growth and evolution.

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<v Speaker 1>I really do think this is like a really difficult

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<v Speaker 1>um challenge, you know, in the US for example, for

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<v Speaker 1>the Demo Credit Party, and I suspect for the National

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<v Speaker 1>NDP and Canada as well, though you'll tell me more

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<v Speaker 1>about that, But it seems like you've kind of correct

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<v Speaker 1>the code like to some extent, at least electorally, but

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<v Speaker 1>from a policy standpoint, like just let's start big picture,

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<v Speaker 1>like how do you think about balancing the importance of

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<v Speaker 1>the natural resource sector, the importance of energy both from

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<v Speaker 1>a sort of employment standpoint and abundant energy perspective with

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<v Speaker 1>also thinking about climate goals. Well, um, you know, I

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<v Speaker 1>think probably from the very start one of the things

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<v Speaker 1>we've tried to do is avoid using terms like balance

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<v Speaker 1>because it is it implies the notion that they they

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<v Speaker 1>run against each other. Uh and and the reality is that,

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<v Speaker 1>you know, one of the things we have to remember

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<v Speaker 1>is that you know, um, there are a lot of

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<v Speaker 1>things that impact economic activity, and given time, one of

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<v Speaker 1>the things that's impacting that it now is the collective

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<v Speaker 1>need to grapple with climate change. And and so what

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<v Speaker 1>you therefore need to do to continue to grow the

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<v Speaker 1>economy and provide good paying jobs is to also address

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<v Speaker 1>one of the pressures impacting your economic activity, in this

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<v Speaker 1>case climate change. And so addressing climate change is part

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<v Speaker 1>of good economic policy. It is not a countervailing force

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<v Speaker 1>to good economic policy. And and so if you start there,

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<v Speaker 1>then you you know, you flow from that this notion

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<v Speaker 1>that pinning one against the other means that you will

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<v Speaker 1>fail on both. And and so that's one thing that's

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<v Speaker 1>sort of driven a lot of what we've had to

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<v Speaker 1>say from the very beginning. As as as you describe

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<v Speaker 1>us as sort of a left leaning party, there is

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<v Speaker 1>no question that we start our um journey towards economic

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<v Speaker 1>growth and end development from the perspective of wanting to

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<v Speaker 1>ensure that there are good paying jobs for everyone who wants,

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<v Speaker 1>and that there is a high level of prosperity for

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<v Speaker 1>all citizens, not just a few. And and so obviously,

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<v Speaker 1>uh so so we do that. That aligns very much

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<v Speaker 1>with my history, which is long years old in the

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<v Speaker 1>n DP, because I was born into a very political

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<v Speaker 1>family and have worked in the labor movement before getting

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<v Speaker 1>into politics, and and so I don't see standing up

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<v Speaker 1>for working people as being a in any way, shape

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<v Speaker 1>or form as being in contradiction to my values as

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<v Speaker 1>a new Democrat. And I also believe very strongly that

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<v Speaker 1>respecting and acting on science and reality is also a

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<v Speaker 1>fundamental part of being a new Democrat and someone who's

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<v Speaker 1>left leaning and so and and that's why we must

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<v Speaker 1>also work to address the issues of climate change. Well,

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<v Speaker 1>there are those who argue that no, Canada can't simultaneously

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<v Speaker 1>be a fossil fuel or energy powerhouse and also hit

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<v Speaker 1>emissions goals or do what's necessary in order to defeat

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<v Speaker 1>climate change or to reduce emissions enough to bring that

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<v Speaker 1>into into appropriate range. Why do you why are they wrong? Well,

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<v Speaker 1>first of all, because you know, a big part of

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<v Speaker 1>Canada's economy not just altbirdas I mean a bird of

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<v Speaker 1>you know, for your viewers, a bird is essentially you know, uh,

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<v Speaker 1>from an economic point of view, it's it's Canada's Texas,

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<v Speaker 1>and so it gives you a sense of how much

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<v Speaker 1>of our economy is driven by the non renewable sector.

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<v Speaker 1>And and of course we in turn drive considerably more

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<v Speaker 1>of the Canadian economy than our population or geographic size

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<v Speaker 1>would suggest. And and so the reality is is that,

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<v Speaker 1>but we are also a democracy. So you know, should we, uh,

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<v Speaker 1>you know, simply act solely on matters of climate change

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<v Speaker 1>without doing the hard work to maintain strong employment and

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<v Speaker 1>and strong economic capacity while doing that, then quite honestly,

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<v Speaker 1>the whole issue would fail because in the next election,

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<v Speaker 1>those people who were doing that would get thrown out

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<v Speaker 1>and and uh and and then you know, there'd be

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<v Speaker 1>this this swing back to to the other direction. And

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<v Speaker 1>to be clear, in both cases, not only would we

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<v Speaker 1>meet our our our climate change goals, we would also

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<v Speaker 1>mess around with our economy because the uncertainty created by

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<v Speaker 1>that and the and the stop and go created by

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<v Speaker 1>that would of course undermine our economic growth. So that

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<v Speaker 1>being said, there's no question that that there is the

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<v Speaker 1>capacity to create jobs out of the investments that are

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<v Speaker 1>necessary to ensure the oil and gas producers and non

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<v Speaker 1>renewable resource producers significantly reduce their admissions both in the

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<v Speaker 1>process of production as well as in um in the

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<v Speaker 1>in the application of the product once it's produced. So

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<v Speaker 1>there is money to be made in that and and

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<v Speaker 1>that requires creativity in a number of different ways, and

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<v Speaker 1>that's where you get into issues of carbon pricing, but

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<v Speaker 1>doing so in a way that that still keeps the

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<v Speaker 1>day to day experience of those folks who we owe

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<v Speaker 1>our job to in mind. Front center. Can you talk

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<v Speaker 1>a little bit about your experience with carbon pricing and

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<v Speaker 1>how you think it should be applied because in the US,

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<v Speaker 1>of course, again I mentioned we recently passed the Inflation

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<v Speaker 1>Reduction Act, and it feels like the direction here is

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<v Speaker 1>the sort of like all carrots to no sticks approach,

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<v Speaker 1>and there's very little that is would curtail any carbon

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<v Speaker 1>intensive energy. It's mostly about subsidies and accelerating the production

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<v Speaker 1>of renewables. What is your view and experience with how

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<v Speaker 1>carbon pricing can work? Well, I mean, I think, first

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<v Speaker 1>of all, what carbon pricing does is it I mean,

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<v Speaker 1>I suppose to a certain degree, as a stick approach,

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<v Speaker 1>it provides an incentive for producers of emissions to do

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<v Speaker 1>their homework and and and find the easy wins to

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<v Speaker 1>reduce their missions. I mean, it just is what it is,

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<v Speaker 1>and some of that's easier than others. I mean, you know,

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<v Speaker 1>methane for instances, that is sort of the you know,

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<v Speaker 1>commonly referred to low hanging fruit and other stuff is

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<v Speaker 1>more complicated. So there is a bit of a of

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<v Speaker 1>a stick there, but it is also a carrot because

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<v Speaker 1>a good portion of the resources that come in from

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<v Speaker 1>collecting that carbon tax or that carbon price are then

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<v Speaker 1>redevoted to assisting and supporting efforts to reduce emissions. And

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<v Speaker 1>it's not necessarily redevoted right in directly to the non

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<v Speaker 1>renewable resource producer, although in some cases it is for

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<v Speaker 1>sure we actually support technology that is directly focused on

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<v Speaker 1>extracting oil and gas. But in other cases it also

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<v Speaker 1>helped us, for instance, to fund what we referred to

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<v Speaker 1>as the REP program, which was the renewable Energy program,

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<v Speaker 1>and what we were able to do there because even

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<v Speaker 1>though Alberta is a probably the sunniest place in Canada,

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<v Speaker 1>and it's got a lot of wind in certain parts

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<v Speaker 1>of the province and blah blah blah, we had a

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<v Speaker 1>very nascent renewable energy industry here and we used some

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<v Speaker 1>of the funds from the Climate Leadership Program, which was

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<v Speaker 1>what we referred to We referred to it as the

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<v Speaker 1>c LB when we were charged, and it of course

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<v Speaker 1>created funds as a result of the attacks, and we

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<v Speaker 1>used some of those funds to create a create a

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<v Speaker 1>a reverse auction where we invited renewable energy proponents from

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<v Speaker 1>across the continent to bid down the cost of renewable

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<v Speaker 1>energy products into Alberta. And as a result of doing that,

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<v Speaker 1>we ultimately we're very excited because we ended up getting

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<v Speaker 1>much less expensive renewable energy production then had previously been

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<v Speaker 1>approved in other parts of the continent. We be started

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<v Speaker 1>to become a real destination for renewable energy investment. We

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<v Speaker 1>encouraged and succeeded in in partnering with indigenous proponents and

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<v Speaker 1>uh in some cases they just were leading the whole thing,

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<v Speaker 1>and we were able to really kick start and industry

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<v Speaker 1>that hadn't existed before. And moreover, some of the biggest proponents,

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<v Speaker 1>some of the biggest people who bought into that were

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<v Speaker 1>of course non renewable energy producers themselves setting up their

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<v Speaker 1>own renewable energy production in order to help reduce the

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<v Speaker 1>energy required for their extraction efforts. You know, you mentioned

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<v Speaker 1>sort of working with the indigenous people's interests. Can you

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<v Speaker 1>talk a little bit more about how you think about that,

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<v Speaker 1>because of course, again this is another area in which,

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<v Speaker 1>at least in the US, among liberals and the left.

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<v Speaker 1>There's an increasing weight on this and we do know

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<v Speaker 1>that around the world, and we you know, even if

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<v Speaker 1>you look at say the recent attempt at a referendum

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<v Speaker 1>in Chile, for example, this tension of extractive industries with

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<v Speaker 1>the consideration of indigenous populations, how you think about how

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<v Speaker 1>that works? No, Burn, Well, you know, I think the

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<v Speaker 1>first thing to to to do is to understand that,

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<v Speaker 1>you know, the interests and the desired paths of First

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<v Speaker 1>Nations communities across the country are not homogeneous. There is

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<v Speaker 1>a difference between many of them, so that's first thing.

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<v Speaker 1>But with respect to but where there is an interest

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<v Speaker 1>in participating in economic development in partnership with programs that

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<v Speaker 1>are are being considered by provincial and federal governments as

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<v Speaker 1>well as municipal then I think it's really important for

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<v Speaker 1>provincial governments in our case, we're provincial government, to do

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<v Speaker 1>everything we can to offer up opportunities to to partner

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<v Speaker 1>with indigenous groups. Honestly, this is one of the few

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<v Speaker 1>things that that we've agreed with our political opponents over

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<v Speaker 1>when they created the Indigenous Opportunities Corporation, because they put

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<v Speaker 1>aside funding to help provide financing that some Indigenous groups

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<v Speaker 1>wouldn't otherwise get access to to help them partner in

0:14:12.920 --> 0:14:16.040
<v Speaker 1>some of these projects. Now that being said, when even

0:14:16.360 --> 0:14:19.360
<v Speaker 1>notwithstanding that, we were successful in working with groups too.

0:14:19.680 --> 0:14:22.960
<v Speaker 1>You know, in in Fort Mackay we got a community

0:14:23.000 --> 0:14:26.360
<v Speaker 1>off of diesel. We've been working anyway, We've we've been

0:14:26.760 --> 0:14:30.480
<v Speaker 1>able to do a number of different projects. But really

0:14:30.480 --> 0:14:34.040
<v Speaker 1>in the spirit of reconciliation, it's all about offering up

0:14:34.080 --> 0:14:39.200
<v Speaker 1>opportunities where they are desired, but certainly working with them

0:14:39.320 --> 0:14:41.680
<v Speaker 1>where they are not. And we know there's not consistency

0:14:41.720 --> 0:14:44.800
<v Speaker 1>across the board, and and there's a lot of work

0:14:44.880 --> 0:14:48.120
<v Speaker 1>to be done. It's very complex, you know, relationship between

0:14:48.160 --> 0:14:53.160
<v Speaker 1>Indigenous people, different communities within those indigenous communities, as well

0:14:53.200 --> 0:14:56.440
<v Speaker 1>as the courts and the evolving constitutional law on it.

0:14:56.760 --> 0:15:01.680
<v Speaker 1>So it's very complicated. But for sure, where possible, we

0:15:01.800 --> 0:15:06.080
<v Speaker 1>absolutely want to work with First Nations communities to give

0:15:06.120 --> 0:15:10.840
<v Speaker 1>them the kind of economic agency and independence and opportunity

0:15:11.080 --> 0:15:14.800
<v Speaker 1>that that they're seeking. Let's talk more about just sort

0:15:14.800 --> 0:15:18.440
<v Speaker 1>of the Alberta energy industry would you like to see

0:15:18.520 --> 0:15:21.840
<v Speaker 1>or the Canadian and energy industry depending on the framing,

0:15:22.040 --> 0:15:26.000
<v Speaker 1>would you like to see Canada become a natural gas

0:15:26.000 --> 0:15:29.200
<v Speaker 1>export powerhouse, because obviously that's a major focus here in

0:15:29.240 --> 0:15:32.320
<v Speaker 1>the US, and the entire world is sort of clearly

0:15:32.400 --> 0:15:37.560
<v Speaker 1>thirsty for any molecule of natural gas that can be produced,

0:15:37.840 --> 0:15:40.480
<v Speaker 1>you know, in the US and Canada. And my understanding

0:15:40.560 --> 0:15:44.240
<v Speaker 1>is that the ellergy export capacity in Canada is not

0:15:44.400 --> 0:15:46.720
<v Speaker 1>as big and not growing as fast as it is

0:15:46.760 --> 0:15:50.960
<v Speaker 1>in the US. Would you like to see that grow? Well?

0:15:51.000 --> 0:15:55.600
<v Speaker 1>I think absolutely. Ellen Gy provides a lot of potential opportunities,

0:15:55.640 --> 0:15:57.760
<v Speaker 1>not only for US as out Burtons in terms of

0:15:57.800 --> 0:16:00.160
<v Speaker 1>exporting a product we have a heck of a lot up,

0:16:00.520 --> 0:16:04.480
<v Speaker 1>but also uh in a larger picture because you know,

0:16:04.560 --> 0:16:07.720
<v Speaker 1>obviously there are energy security issues, which you know just

0:16:07.920 --> 0:16:10.480
<v Speaker 1>and and we know that energy security continues to be

0:16:10.800 --> 0:16:13.800
<v Speaker 1>a front of a front and center issue, and so

0:16:14.120 --> 0:16:16.920
<v Speaker 1>lergy is is an answer to that, and and we

0:16:17.000 --> 0:16:19.800
<v Speaker 1>have a lot of good products. But there is no

0:16:19.920 --> 0:16:24.240
<v Speaker 1>question that our regulatory schemes here in Canada have presented

0:16:24.240 --> 0:16:26.520
<v Speaker 1>a bit of a challenge as well as some of

0:16:26.560 --> 0:16:30.600
<v Speaker 1>the you know, court determined processes that we're compelled to

0:16:30.640 --> 0:16:32.480
<v Speaker 1>go through. But I think in the long term it

0:16:32.520 --> 0:16:36.040
<v Speaker 1>does provide an opportunity. It is you know, obviously much

0:16:36.080 --> 0:16:39.120
<v Speaker 1>lower emissions, it's cleaner, it's non renewable, it's cleaner. It

0:16:39.200 --> 0:16:42.600
<v Speaker 1>may not be you know, our long term, permanent, permanent solution,

0:16:42.640 --> 0:16:46.640
<v Speaker 1>but it is absolutely an improvement over a lot of

0:16:46.640 --> 0:16:49.880
<v Speaker 1>different other forms of non renewable energy. It also forms

0:16:49.920 --> 0:16:54.360
<v Speaker 1>the basis for hydrogen, which has incredible opportunities and and

0:16:54.360 --> 0:16:56.680
<v Speaker 1>we're our party is doing doing work with a lot

0:16:56.720 --> 0:16:59.800
<v Speaker 1>of stakeholders about our opportunities and hydrogen here in a

0:17:00.000 --> 0:17:05.000
<v Speaker 1>Berta again, trying to create and keep jobs here for

0:17:05.440 --> 0:17:09.479
<v Speaker 1>skilled trades people in that industry or in the one

0:17:09.560 --> 0:17:12.600
<v Speaker 1>gas industry as a whole. So so yeah, it definitely

0:17:12.640 --> 0:17:15.639
<v Speaker 1>provides opportunities. It's not the bet, it's not everything, but

0:17:15.760 --> 0:17:18.840
<v Speaker 1>it is absolutely something that we need to be uh,

0:17:18.880 --> 0:17:22.480
<v Speaker 1>taking advantage of for sure. So you mentioned and let's

0:17:22.480 --> 0:17:26.440
<v Speaker 1>talk politics for a second, because you characterized Alberta as

0:17:27.280 --> 0:17:29.680
<v Speaker 1>Canada's Texas, and that seems apt to me. I've never

0:17:29.720 --> 0:17:32.280
<v Speaker 1>been to Alberta, but you know, I've seen pictures of

0:17:32.280 --> 0:17:34.600
<v Speaker 1>the Calgary Stampede and I'm like, yeah, that sounds right.

0:17:34.600 --> 0:17:36.960
<v Speaker 1>I used to I used to live in Texas myself,

0:17:37.040 --> 0:17:39.320
<v Speaker 1>so you know when I've seen those photos, like, yeah,

0:17:39.359 --> 0:17:41.119
<v Speaker 1>that sounds like an apt analogy. And yet you know

0:17:41.200 --> 0:17:44.600
<v Speaker 1>here you are you you won and you you you

0:17:44.640 --> 0:17:48.879
<v Speaker 1>are the premier of the province. From now you're in

0:17:48.920 --> 0:17:53.959
<v Speaker 1>the opposition. You may regain power in the forthcoming elections.

0:17:53.960 --> 0:17:56.439
<v Speaker 1>Like what is it? Is it just in your view?

0:17:56.560 --> 0:17:59.199
<v Speaker 1>Is it just the sort of the energy standpoint? Like

0:17:59.359 --> 0:18:01.560
<v Speaker 1>how do you break through in a region? I mean,

0:18:01.560 --> 0:18:04.200
<v Speaker 1>like the Democrats can't figure out figure it out here

0:18:04.560 --> 0:18:07.399
<v Speaker 1>outside of West Virginia, Like what do you think it is?

0:18:07.560 --> 0:18:11.400
<v Speaker 1>And other lessons for the broader NDP that you think

0:18:11.920 --> 0:18:14.119
<v Speaker 1>they could take from looking at the success of the

0:18:14.119 --> 0:18:18.000
<v Speaker 1>Alberta and paid well, I think I will say, I mean,

0:18:18.000 --> 0:18:20.960
<v Speaker 1>it's interesting. I was listening to a different podcast a

0:18:20.960 --> 0:18:23.720
<v Speaker 1>few days ago that was noting that, you know, Alberta

0:18:23.760 --> 0:18:27.600
<v Speaker 1>is a lot more complicated and a lot more multicultural,

0:18:28.080 --> 0:18:31.239
<v Speaker 1>a lot more diverse than than some of it's the

0:18:31.280 --> 0:18:34.520
<v Speaker 1>more traditional characterizations of it. Um so I think that

0:18:34.520 --> 0:18:37.119
<v Speaker 1>that is so is Texas. So is Texas to be fair,

0:18:37.200 --> 0:18:40.720
<v Speaker 1>and you know that's probably so again, Yeah, sorry, we

0:18:40.800 --> 0:18:43.320
<v Speaker 1>go on, But it is true also that people have

0:18:43.359 --> 0:18:46.320
<v Speaker 1>some conception of Texas. But then you know, go to

0:18:46.359 --> 0:18:49.280
<v Speaker 1>the Houston suburbs or something like that. And it's probably

0:18:49.280 --> 0:18:52.359
<v Speaker 1>not what many people have in mind, but sorry, keep going. Yeah, no,

0:18:52.480 --> 0:18:54.320
<v Speaker 1>and that that's absolutely so, because I was going to say,

0:18:54.320 --> 0:18:57.280
<v Speaker 1>I mean, we are in part because of the number

0:18:57.320 --> 0:19:01.520
<v Speaker 1>of people who have flocked to the prosperity historically provided

0:19:01.720 --> 0:19:04.720
<v Speaker 1>by oil and gas. In in Alberta, we we have

0:19:04.880 --> 0:19:09.159
<v Speaker 1>the benefit of having now the youngest, best educated, and

0:19:09.680 --> 0:19:13.400
<v Speaker 1>I think second most diverse population in the country. So

0:19:13.400 --> 0:19:15.240
<v Speaker 1>so that that is a little bit about who we are,

0:19:15.320 --> 0:19:17.920
<v Speaker 1>but we're also I mean, you know, even in the industry,

0:19:18.000 --> 0:19:21.040
<v Speaker 1>it's there. There are groups, like in the oil and

0:19:21.080 --> 0:19:25.080
<v Speaker 1>gas that are focused on you know, they understand what

0:19:25.119 --> 0:19:28.080
<v Speaker 1>the international markets are looking to and they are focused

0:19:28.160 --> 0:19:32.520
<v Speaker 1>on getting to significantly reducing their emissions. You know, the

0:19:32.520 --> 0:19:37.000
<v Speaker 1>oil Sands Pathway groups is zero emissions target, you know,

0:19:37.080 --> 0:19:40.560
<v Speaker 1>I mean there are groups that are very genuinely working

0:19:40.680 --> 0:19:43.520
<v Speaker 1>on it. And I think as well in Alberta. One

0:19:43.520 --> 0:19:45.760
<v Speaker 1>of the things about our provinces, you know, there's a

0:19:45.760 --> 0:19:49.040
<v Speaker 1>bumper sticker here that's very common among and it's been

0:19:49.040 --> 0:19:51.760
<v Speaker 1>around for generations. I'm you know, um fifty eight, and

0:19:51.800 --> 0:19:54.359
<v Speaker 1>I think this this bumper sticker has been around since

0:19:54.400 --> 0:19:56.679
<v Speaker 1>I was in high school. In one way, or another,

0:19:56.720 --> 0:19:58.840
<v Speaker 1>and it's like, please God give me another boom, and

0:19:58.880 --> 0:20:01.119
<v Speaker 1>I promised not to piscital way they had that. They

0:20:01.200 --> 0:20:04.440
<v Speaker 1>had that in Silicon Valley after the tech bubble, they

0:20:04.480 --> 0:20:06.760
<v Speaker 1>had their own creatures like please, Please, God give us

0:20:06.760 --> 0:20:10.240
<v Speaker 1>one more bubble or something like that exactly. So, so

0:20:10.320 --> 0:20:13.119
<v Speaker 1>we're on a we're on boom number nine or something

0:20:13.200 --> 0:20:15.160
<v Speaker 1>right now here. Maybe not quite that much, but we

0:20:15.160 --> 0:20:18.439
<v Speaker 1>we've had some pretty profound bus which created a lot

0:20:18.520 --> 0:20:22.240
<v Speaker 1>of of of real suffering for a bird of families.

0:20:22.359 --> 0:20:25.280
<v Speaker 1>You know, since since we sort of first took off

0:20:25.320 --> 0:20:28.080
<v Speaker 1>in the in the I would argue probably the late

0:20:28.119 --> 0:20:30.000
<v Speaker 1>sixties is where it really sort of took over our

0:20:30.040 --> 0:20:32.920
<v Speaker 1>economy in a huge way. And over that time, more

0:20:32.960 --> 0:20:36.880
<v Speaker 1>and more people are taking very seriously the need to

0:20:36.960 --> 0:20:40.160
<v Speaker 1>diversify our economy, both within the wil and gas sector

0:20:40.280 --> 0:20:43.680
<v Speaker 1>for sure, but within the energy sector as a whole.

0:20:43.720 --> 0:20:45.879
<v Speaker 1>And that's why I was talking so much about renewable

0:20:45.920 --> 0:20:49.360
<v Speaker 1>and different forms of renewable and low emissions energy as

0:20:49.400 --> 0:20:52.880
<v Speaker 1>well as outside of energy altogether. And so al Burton's

0:20:52.880 --> 0:20:56.280
<v Speaker 1>are interested in the government that is prepared to talk

0:20:56.359 --> 0:21:00.920
<v Speaker 1>about diversification, that understands that Albird as a whole. Even

0:21:00.960 --> 0:21:02.879
<v Speaker 1>though we have a lot of capital in this province,

0:21:02.960 --> 0:21:06.080
<v Speaker 1>we are relatively small player in an international market. And

0:21:06.119 --> 0:21:09.560
<v Speaker 1>if we are going to establish a foothold in a

0:21:09.600 --> 0:21:12.520
<v Speaker 1>strong foothold hold in other industries, we're gonna have to

0:21:12.520 --> 0:21:14.919
<v Speaker 1>work together strategically. And that's the kind of thing and

0:21:14.960 --> 0:21:19.000
<v Speaker 1>the kind of thinking you get from you know, governments

0:21:19.040 --> 0:21:22.199
<v Speaker 1>that that believe in the value of government while at

0:21:22.240 --> 0:21:25.679
<v Speaker 1>the same time believing in the value of job creation,

0:21:26.000 --> 0:21:30.520
<v Speaker 1>inflation protection, strong public services like health care, which is

0:21:30.640 --> 0:21:33.760
<v Speaker 1>very important to people in this province, very very important,

0:21:34.119 --> 0:21:38.080
<v Speaker 1>like public education, like access to a good, strong post

0:21:38.080 --> 0:21:41.280
<v Speaker 1>secondary system. These are all values that we also have

0:21:41.440 --> 0:21:44.959
<v Speaker 1>come to care about and and to expect delivery on

0:21:45.119 --> 0:21:49.040
<v Speaker 1>from government in this province. And so it's those kinds

0:21:49.040 --> 0:21:52.159
<v Speaker 1>of things that we've been six we've been able to

0:21:52.200 --> 0:21:55.840
<v Speaker 1>connect with folks about when when we're talking to them

0:21:55.880 --> 0:21:57.879
<v Speaker 1>about what they want to see from the provincial government.

0:21:58.080 --> 0:22:00.439
<v Speaker 1>What should be done on inflation? And I've seen you

0:22:00.480 --> 0:22:03.919
<v Speaker 1>tweet about this and you know, talking about food inflation

0:22:04.080 --> 0:22:06.720
<v Speaker 1>in Alberta and so forth, what should be done, but

0:22:06.840 --> 0:22:10.399
<v Speaker 1>what should be done about that? Well, you know, listen,

0:22:10.680 --> 0:22:13.320
<v Speaker 1>I mean, I appreciate you you're speaking to a broader group,

0:22:13.320 --> 0:22:17.080
<v Speaker 1>and we do all understand that that that that inflation is.

0:22:17.200 --> 0:22:20.399
<v Speaker 1>You know, it's a it's a very uh complicated problem

0:22:20.480 --> 0:22:24.720
<v Speaker 1>to solve. But here's the thing within the world of

0:22:25.440 --> 0:22:28.679
<v Speaker 1>things that Alberta's can the Alberta government can do without

0:22:28.720 --> 0:22:30.600
<v Speaker 1>you know, contributing to the problem. And I think there's

0:22:30.640 --> 0:22:33.879
<v Speaker 1>a lot is you need to have a government that

0:22:34.000 --> 0:22:37.520
<v Speaker 1>is going to start by not making the problem worse.

0:22:37.920 --> 0:22:41.520
<v Speaker 1>So in in this province, since the last election, we

0:22:41.560 --> 0:22:44.359
<v Speaker 1>have seen a cap on utilities removed, We've seen a

0:22:44.480 --> 0:22:47.479
<v Speaker 1>cap on car insurance removed, We've seen a cap on

0:22:47.800 --> 0:22:51.400
<v Speaker 1>tuition removed. We've seen school fees go up. We've seen

0:22:51.440 --> 0:22:55.600
<v Speaker 1>personal income taxes go up, we've seen property taxes go up.

0:22:55.880 --> 0:23:00.560
<v Speaker 1>We've seen a tremendous reach into the pockets of regular families.

0:23:00.800 --> 0:23:03.240
<v Speaker 1>And so those kinds of things are all things that

0:23:03.280 --> 0:23:05.920
<v Speaker 1>can be reversed. We can we can keep money in

0:23:06.520 --> 0:23:10.520
<v Speaker 1>folks pockets and we can do that without contributing to

0:23:10.560 --> 0:23:15.199
<v Speaker 1>the overall inflationary challenges that we are experiencing. So, you know,

0:23:15.240 --> 0:23:18.880
<v Speaker 1>there's just been a lot of extra costs piled onto

0:23:18.880 --> 0:23:24.040
<v Speaker 1>our Burton's even before we entered into the last you know,

0:23:24.240 --> 0:23:28.640
<v Speaker 1>a few months and years so of massive inflationary pressures.

0:23:29.080 --> 0:23:31.199
<v Speaker 1>You know, I just speaking of Twitter looking through your

0:23:31.200 --> 0:23:33.480
<v Speaker 1>feet right now. Right before you came on the show,

0:23:33.520 --> 0:23:36.560
<v Speaker 1>you pointed out record electricity rates on the way and

0:23:36.600 --> 0:23:38.679
<v Speaker 1>you say, the u CP government has done nothing. What

0:23:38.760 --> 0:23:41.359
<v Speaker 1>would you do had you been empowered to address the

0:23:41.400 --> 0:23:45.040
<v Speaker 1>surge and electricity prices? Well, to be clear, when we

0:23:45.040 --> 0:23:49.320
<v Speaker 1>were in power, we did actually redesign the electricity process,

0:23:49.359 --> 0:23:50.880
<v Speaker 1>and we were in the process of doing it. We

0:23:51.160 --> 0:23:56.600
<v Speaker 1>Alberta shares the Texas energy only market model, which means

0:23:56.680 --> 0:24:00.520
<v Speaker 1>that we are highly subject to variations in the price,

0:24:00.840 --> 0:24:02.919
<v Speaker 1>and so we had moved off of that to a

0:24:02.920 --> 0:24:04.959
<v Speaker 1>different model where we were in the process of doing it.

0:24:05.000 --> 0:24:07.159
<v Speaker 1>And when doing that, we also had put in place

0:24:07.200 --> 0:24:12.560
<v Speaker 1>a cap on electricity prices to shelter consumers during that transition.

0:24:12.800 --> 0:24:16.400
<v Speaker 1>That has been reversed and the cap was removed. If

0:24:16.440 --> 0:24:19.280
<v Speaker 1>the cap were still in place, we'd be at about

0:24:19.320 --> 0:24:24.080
<v Speaker 1>a third of the expected electricity prices that we expect

0:24:24.119 --> 0:24:27.560
<v Speaker 1>families to be hit with in the month of October.

0:24:27.960 --> 0:24:30.760
<v Speaker 1>So just last week we called on the government to

0:24:30.800 --> 0:24:35.200
<v Speaker 1>put on a temporary electricity cap because they've put forward

0:24:35.480 --> 0:24:38.720
<v Speaker 1>a minuscule little rebate. But when your electricity goes from

0:24:38.720 --> 0:24:41.480
<v Speaker 1>five hundred to a thousand and a month, fifty dollars

0:24:41.680 --> 0:24:44.520
<v Speaker 1>is not going to cut it. And it's that unpredictability

0:24:44.600 --> 0:24:47.640
<v Speaker 1>which is which is creating a huge amount of anxiety

0:24:47.880 --> 0:24:50.199
<v Speaker 1>for our bird of families. And so we're saying that

0:24:50.320 --> 0:24:54.000
<v Speaker 1>until we can get the price of electricity under control,

0:24:54.080 --> 0:24:56.000
<v Speaker 1>the cap should come in place, and until we can

0:24:56.000 --> 0:24:59.720
<v Speaker 1>get to other measures of inflation back under control. But

0:25:00.080 --> 0:25:02.480
<v Speaker 1>as they say, as they say in the in Game

0:25:02.520 --> 0:25:06.880
<v Speaker 1>of Thrones, you know, winter is coming and these folks

0:25:07.320 --> 0:25:11.120
<v Speaker 1>need to pay attention to the experience of uppertive families.

0:25:11.440 --> 0:25:13.120
<v Speaker 1>You know. I want to go back to something you said,

0:25:13.160 --> 0:25:16.720
<v Speaker 1>actually again the bumper sticker, and you mentioned that you know,

0:25:16.800 --> 0:25:20.439
<v Speaker 1>Berta has probably had at least nine distinct booms and

0:25:20.520 --> 0:25:23.600
<v Speaker 1>bus which is of course to be expected. Sure, I

0:25:23.640 --> 0:25:28.560
<v Speaker 1>think I think the exaggerate. I think I find a bota. Well,

0:25:28.560 --> 0:25:31.520
<v Speaker 1>whatever the number is, though, like that is part and

0:25:31.600 --> 0:25:37.440
<v Speaker 1>parcel of having a resource dependent economy. That's every every right,

0:25:37.520 --> 0:25:41.080
<v Speaker 1>every country or every state that is heavily exposed to

0:25:41.160 --> 0:25:44.040
<v Speaker 1>natural resources has these boom bust cycles. And so one

0:25:44.119 --> 0:25:48.520
<v Speaker 1>answer is sure, diversification, but it's a difficult process, it's

0:25:48.560 --> 0:25:52.320
<v Speaker 1>a long term process, etcetera. How do you think about

0:25:53.080 --> 0:25:58.760
<v Speaker 1>provisioning and funding public goods in a sustainable way such

0:25:58.920 --> 0:26:03.520
<v Speaker 1>that they can survive and last through both parts of

0:26:03.520 --> 0:26:07.400
<v Speaker 1>the cycle. Well, I mean I think that, I mean,

0:26:07.440 --> 0:26:11.359
<v Speaker 1>I think, uh, it really does go to diversification, because

0:26:11.400 --> 0:26:13.639
<v Speaker 1>what we need is a stable source of revenue that

0:26:13.800 --> 0:26:18.400
<v Speaker 1>comes from taxation that's built off of a more diverse economy.

0:26:18.680 --> 0:26:22.520
<v Speaker 1>And so yes, right now the government is flesh with

0:26:22.800 --> 0:26:25.680
<v Speaker 1>royalties and that is great, but that you know that

0:26:25.960 --> 0:26:29.400
<v Speaker 1>really to a large degree, cannot be built into our

0:26:29.440 --> 0:26:34.280
<v Speaker 1>operating expenditures. It needs we need instead to be you know,

0:26:34.960 --> 0:26:37.720
<v Speaker 1>moving that money into the kind of investments that creates

0:26:37.760 --> 0:26:42.560
<v Speaker 1>long term diversification, to smooth out those peaks and valleys,

0:26:42.640 --> 0:26:47.119
<v Speaker 1>and and to create a more consistent and stable revenue source.

0:26:47.320 --> 0:26:50.359
<v Speaker 1>And so so yeah, I mean, and and to be fair,

0:26:50.600 --> 0:26:56.240
<v Speaker 1>I mean, Alberta's economy is making progress in that diversification effort,

0:26:56.600 --> 0:27:01.600
<v Speaker 1>even as oil prices are are you know, uh, it's

0:27:01.760 --> 0:27:04.200
<v Speaker 1>going way up right now, and our royalties are huge.

0:27:04.480 --> 0:27:07.879
<v Speaker 1>You know, Interestingly, folks are not getting hired back into

0:27:07.920 --> 0:27:10.359
<v Speaker 1>the industry at the same rate that they once were

0:27:10.600 --> 0:27:13.800
<v Speaker 1>and and so there is some some diversification going on,

0:27:13.960 --> 0:27:17.439
<v Speaker 1>and now when you have the resources to do it

0:27:17.520 --> 0:27:20.600
<v Speaker 1>is the time to strategically invest to encourage it. One

0:27:20.640 --> 0:27:25.760
<v Speaker 1>example is um you know, the very investment that goes

0:27:25.840 --> 0:27:29.439
<v Speaker 1>along with getting to net zero by two thousand fifty

0:27:29.480 --> 0:27:33.520
<v Speaker 1>is estimated to be capable of creating a hundred and

0:27:33.880 --> 0:27:38.560
<v Speaker 1>seventy five thou new jobs and from that one finds

0:27:38.840 --> 0:27:57.280
<v Speaker 1>a more stable income source. Can you tell a little

0:27:57.320 --> 0:28:00.399
<v Speaker 1>bit more about pipeline politics? And I know there was

0:28:00.520 --> 0:28:04.639
<v Speaker 1>a dispute and challenges with the Trans Mountain pipeline. I

0:28:04.680 --> 0:28:08.240
<v Speaker 1>think going back several years, what is the status of

0:28:08.280 --> 0:28:12.040
<v Speaker 1>that and how do you negotiate with leaders in other

0:28:12.240 --> 0:28:15.760
<v Speaker 1>provinces who have different attitudes? And my understanding is that

0:28:15.760 --> 0:28:19.520
<v Speaker 1>there was some tension with the British Columbia. They were leaders,

0:28:19.520 --> 0:28:21.920
<v Speaker 1>they weren't as into it. What's happening with that now?

0:28:22.359 --> 0:28:24.800
<v Speaker 1>There there was tension, There's no question about it. It

0:28:24.920 --> 0:28:27.320
<v Speaker 1>was you know, I'd like to think about it in

0:28:27.400 --> 0:28:32.119
<v Speaker 1>hindsight as a sort of expression of some some respective

0:28:32.160 --> 0:28:36.760
<v Speaker 1>democratic wills. But I mean, ultimately what we did was

0:28:37.200 --> 0:28:41.720
<v Speaker 1>we made we campaigned essentially as the government of Alberta

0:28:41.760 --> 0:28:46.040
<v Speaker 1>instead of fighting with everybody and demonizing everybody and demonizing

0:28:46.040 --> 0:28:49.280
<v Speaker 1>the federal government and demonizing environmentalists and all that kind

0:28:49.280 --> 0:28:51.960
<v Speaker 1>of thing, which is and this is, you know, which

0:28:52.000 --> 0:28:55.280
<v Speaker 1>which is certainly something that we see happening with our

0:28:55.520 --> 0:29:00.400
<v Speaker 1>provincial government. Now, we went across the country, include into

0:29:00.440 --> 0:29:03.600
<v Speaker 1>British Columbia, where a lot of the opposition was based,

0:29:04.160 --> 0:29:08.880
<v Speaker 1>and we talked to them about first of all, what

0:29:08.920 --> 0:29:12.920
<v Speaker 1>we were doing to actually protect the environment and to

0:29:13.000 --> 0:29:16.680
<v Speaker 1>reduce emissions and to be part of a long term

0:29:16.680 --> 0:29:21.360
<v Speaker 1>path to two reasonable and attainable emissions targets, while at

0:29:21.400 --> 0:29:25.240
<v Speaker 1>the same time also talking to them about the real

0:29:25.320 --> 0:29:30.440
<v Speaker 1>life economic value that their communities experienced as a result

0:29:30.680 --> 0:29:34.320
<v Speaker 1>of the oil and gas and on renewable industry in Alberta.

0:29:34.760 --> 0:29:39.000
<v Speaker 1>And we went into rooms that weren't necessarily friendly to us,

0:29:39.040 --> 0:29:41.680
<v Speaker 1>and we did that all across the country in order

0:29:41.760 --> 0:29:44.280
<v Speaker 1>to build support and to build the kind of political

0:29:44.320 --> 0:29:47.440
<v Speaker 1>support that would also help the federal government take the

0:29:47.480 --> 0:29:50.320
<v Speaker 1>steps and make the decisions that they made in order

0:29:50.360 --> 0:29:53.760
<v Speaker 1>to support the pipeline. And then, of course, you know,

0:29:53.920 --> 0:29:56.680
<v Speaker 1>even with that, there were still about I don't know,

0:29:56.800 --> 0:30:00.560
<v Speaker 1>and now I'm not exaggerating. At least nine different legal

0:30:00.640 --> 0:30:04.560
<v Speaker 1>forums within which the debate was was held, and and

0:30:04.560 --> 0:30:08.560
<v Speaker 1>and it wasn't until after we lost government that the

0:30:08.760 --> 0:30:12.560
<v Speaker 1>that the courts finally came down once and for all

0:30:12.600 --> 0:30:15.720
<v Speaker 1>on the fact that all the issues had been addressed

0:30:16.040 --> 0:30:18.920
<v Speaker 1>and that it was appropriate for the pipeline to go ahead.

0:30:19.800 --> 0:30:22.920
<v Speaker 1>So is it completed yet, No, It's scheduled to be

0:30:23.000 --> 0:30:26.680
<v Speaker 1>completed next fall. There is a tremendous amount of construction

0:30:26.720 --> 0:30:30.760
<v Speaker 1>going on now, so we are optimistic when it's completed.

0:30:30.800 --> 0:30:33.200
<v Speaker 1>What will that enable? What will what will change when

0:30:33.200 --> 0:30:35.680
<v Speaker 1>that's open? Well, what it does is it enhances our

0:30:35.760 --> 0:30:39.080
<v Speaker 1>market flexibility. But because it goes to Tidewater, it allows

0:30:39.240 --> 0:30:42.960
<v Speaker 1>for our product to be not just beholden to going

0:30:42.960 --> 0:30:46.000
<v Speaker 1>to the US, but also potentially to look at eastern

0:30:46.240 --> 0:30:49.160
<v Speaker 1>market destinations. So that's one thing. So it increases our

0:30:49.200 --> 0:30:54.160
<v Speaker 1>market flexibility. It also just increases our pipeline capacity. Periodically.

0:30:54.200 --> 0:30:56.640
<v Speaker 1>What will happen is if we run out of pipeline

0:30:56.640 --> 0:30:59.920
<v Speaker 1>capacity because we're so far from many of our markets,

0:31:00.080 --> 0:31:02.600
<v Speaker 1>ends up going on rail or in some really horrible cases,

0:31:02.640 --> 0:31:05.280
<v Speaker 1>and two trucks that both of those, of course, are

0:31:05.600 --> 0:31:10.600
<v Speaker 1>much more emissions creating methods of transportation. But also what

0:31:10.640 --> 0:31:13.760
<v Speaker 1>it means is that the price that al Burton's get

0:31:14.040 --> 0:31:17.360
<v Speaker 1>for the product that we all own is severely discounted.

0:31:17.840 --> 0:31:20.240
<v Speaker 1>And then if we lose out on that, then frankly,

0:31:20.320 --> 0:31:23.360
<v Speaker 1>taxpayers all across the country lose out on that. And

0:31:23.360 --> 0:31:26.240
<v Speaker 1>and so as shipping our products in a cost effective way,

0:31:26.600 --> 0:31:31.040
<v Speaker 1>we maximize the return for all Burtons and for all Canadians.

0:31:31.160 --> 0:31:34.560
<v Speaker 1>And so that's that's the impact of it there. But

0:31:34.640 --> 0:31:36.800
<v Speaker 1>you know it also I like to sort of look

0:31:36.840 --> 0:31:40.880
<v Speaker 1>at that whole campaign as a good example of you know,

0:31:41.120 --> 0:31:45.200
<v Speaker 1>grown up government working with multiple stakeholders, multiple levels of

0:31:45.240 --> 0:31:50.200
<v Speaker 1>government in partnership, hearing their concerns, honoring to as much

0:31:50.240 --> 0:31:53.480
<v Speaker 1>as possible those concerns, and and negotiating. You know, we

0:31:53.480 --> 0:31:56.600
<v Speaker 1>we currently have a government that has done nothing but

0:31:56.760 --> 0:32:01.160
<v Speaker 1>pick fights with everybody for their own polity called gamesmanship,

0:32:01.560 --> 0:32:06.480
<v Speaker 1>with really no interest in a positive outcome. And quite frankly,

0:32:06.560 --> 0:32:09.720
<v Speaker 1>the most likely next premier is going to take that

0:32:09.800 --> 0:32:14.920
<v Speaker 1>and dial it up another pent which will ultimately undermine

0:32:15.160 --> 0:32:18.280
<v Speaker 1>the kind of investment stability that we need not only

0:32:18.760 --> 0:32:22.320
<v Speaker 1>for strong economic performance in oil and gas, but even

0:32:22.360 --> 0:32:26.840
<v Speaker 1>more importantly for making real progress on emissions reductions and

0:32:26.920 --> 0:32:29.520
<v Speaker 1>meeting our climate goals. Because let me just go back

0:32:29.520 --> 0:32:32.640
<v Speaker 1>to this. As a new Democrat, I do believe we

0:32:32.760 --> 0:32:35.680
<v Speaker 1>must do everything we can to meet our climate goals.

0:32:35.680 --> 0:32:38.000
<v Speaker 1>So actually that seems like a good I'm glad you

0:32:38.000 --> 0:32:40.280
<v Speaker 1>went there, because that's exactly what I wanted to sort

0:32:40.320 --> 0:32:42.480
<v Speaker 1>of wrap up on. But like, what does that look

0:32:42.480 --> 0:32:45.520
<v Speaker 1>like to you when you say, okay, meet climate goals

0:32:46.040 --> 0:32:49.840
<v Speaker 1>while also building pipelines, what what is your vision for

0:32:50.000 --> 0:32:52.040
<v Speaker 1>getting there? Well, as I said, I mean like even

0:32:52.040 --> 0:32:56.160
<v Speaker 1>the oil sounds themselves. The Pathways Group has set as

0:32:56.360 --> 0:32:59.280
<v Speaker 1>as a net zero goal. Whether that's ambitious or not,

0:32:59.360 --> 0:33:01.440
<v Speaker 1>I mean, we'll keep an eye on it, but for sure,

0:33:01.520 --> 0:33:05.040
<v Speaker 1>we need to be reducing emissions. We have a policy

0:33:05.080 --> 0:33:08.720
<v Speaker 1>target of reducing emissions in our electricity sector to zero

0:33:08.760 --> 0:33:12.040
<v Speaker 1>by and we know that there's a number of different

0:33:12.040 --> 0:33:14.520
<v Speaker 1>things that can be done in the oil and gas

0:33:14.600 --> 0:33:17.479
<v Speaker 1>sector to reduce emissions and so and we know that

0:33:17.520 --> 0:33:20.200
<v Speaker 1>we can actually create jobs in the course of doing it.

0:33:20.480 --> 0:33:23.040
<v Speaker 1>So that's what it looks like, you know, I think

0:33:23.120 --> 0:33:26.600
<v Speaker 1>that we it looks like government pushing for sure, it's

0:33:26.640 --> 0:33:29.760
<v Speaker 1>not just setting out carrots and then and then hoping

0:33:29.800 --> 0:33:33.240
<v Speaker 1>that the market follows. It's a combination. A government does

0:33:33.280 --> 0:33:36.240
<v Speaker 1>have to push, but we will always do so with

0:33:36.280 --> 0:33:40.680
<v Speaker 1>those working folks, you know, front and center and in

0:33:40.680 --> 0:33:44.240
<v Speaker 1>in terms of the interests that we're pursuing and ensuring

0:33:44.360 --> 0:33:47.440
<v Speaker 1>that we maintain a viable oil and gas sector because

0:33:47.480 --> 0:33:50.760
<v Speaker 1>the world is still going to need our oil and

0:33:50.840 --> 0:33:54.360
<v Speaker 1>gas for some time to come. And and if we

0:33:54.680 --> 0:33:57.720
<v Speaker 1>listen to what international markets are telling us in terms

0:33:57.760 --> 0:34:01.520
<v Speaker 1>of the responsibility with which need to produce it, then

0:34:01.720 --> 0:34:04.240
<v Speaker 1>I think that we have a strong future ahead of us.

0:34:04.280 --> 0:34:08.640
<v Speaker 1>But that requires strong leadership and a commitment to climate goals,

0:34:08.880 --> 0:34:13.600
<v Speaker 1>and that's where we want to level. Rachel Notley, a

0:34:13.640 --> 0:34:16.680
<v Speaker 1>head of the Alberta m DP, thank you so much

0:34:16.760 --> 0:34:18.880
<v Speaker 1>for coming on the podcast. I've wanted to speak for

0:34:18.920 --> 0:34:21.439
<v Speaker 1>a long time and really appreciate you taking the time.

0:34:22.120 --> 0:34:38.360
<v Speaker 1>All right, well, thank you, pleasure chappsing Well, I really

0:34:38.680 --> 0:34:41.880
<v Speaker 1>enjoyed getting the chance to speak to Rachel. You know,

0:34:42.000 --> 0:34:44.719
<v Speaker 1>I do think this is like one of the big tensions,

0:34:44.760 --> 0:34:46.560
<v Speaker 1>and I don't know the way it's going to resolve,

0:34:46.600 --> 0:34:50.040
<v Speaker 1>but clearly, look, there's a lot of political and economic

0:34:50.239 --> 0:34:54.080
<v Speaker 1>interest in finding sort of ways to deal with inflation.

0:34:54.200 --> 0:34:57.280
<v Speaker 1>Ways to deal with high costs on the supply side.

0:34:57.480 --> 0:35:00.759
<v Speaker 1>And I really think, look, energy is in literally everything,

0:35:00.920 --> 0:35:03.319
<v Speaker 1>and our governments do that. How the private sector does

0:35:03.320 --> 0:35:06.040
<v Speaker 1>that is absolutely core. And so everyone likes the idea

0:35:06.040 --> 0:35:08.880
<v Speaker 1>of supply side expansion except an energy and then you

0:35:08.880 --> 0:35:11.440
<v Speaker 1>get this like real tension, right or many people perceive

0:35:11.560 --> 0:35:15.600
<v Speaker 1>there to be attention between economic goals or sort of

0:35:15.640 --> 0:35:19.800
<v Speaker 1>like supply side and climate, although as our guest Rachel

0:35:19.840 --> 0:35:22.680
<v Speaker 1>Notley said, she doesn't view them intention So I was

0:35:22.800 --> 0:35:27.120
<v Speaker 1>very excited about having that conversation. And uh, I think

0:35:27.160 --> 0:35:30.359
<v Speaker 1>also it's very interesting politically because look, there are some

0:35:30.520 --> 0:35:34.439
<v Speaker 1>parties in the West that find success in deeply conservative

0:35:34.480 --> 0:35:37.440
<v Speaker 1>areas with this type of message where it's sort of

0:35:37.480 --> 0:35:41.640
<v Speaker 1>like a more optimistic stance towards the resource sector with

0:35:41.760 --> 0:35:45.800
<v Speaker 1>a more liberal left agenda elsewhere and finding a success.

0:35:46.000 --> 0:35:49.440
<v Speaker 1>So I think this is a very interesting political story

0:35:49.520 --> 0:35:52.200
<v Speaker 1>to be tracking, and uh will be very interesting to

0:35:52.239 --> 0:35:55.920
<v Speaker 1>see the results of the next election. So I'll leave

0:35:55.920 --> 0:35:58.840
<v Speaker 1>it there. This has been another episode of the Odd

0:35:58.880 --> 0:36:02.279
<v Speaker 1>Lots podcast. I'm Joe Wisn'thal. You can follow me on

0:36:02.320 --> 0:36:06.160
<v Speaker 1>Twitter at the Stalwart. Follow my co host Tracy Alloway

0:36:06.160 --> 0:36:09.760
<v Speaker 1>on Twitter at Tracy Alloway, follow our guests on Twitter

0:36:10.000 --> 0:36:12.800
<v Speaker 1>at Rachel not Ley, and of course follow our producer

0:36:12.880 --> 0:36:16.239
<v Speaker 1>Carmen Rodriguez at Carmen Armand. And before we go, you know,

0:36:16.280 --> 0:36:19.640
<v Speaker 1>we were talking about this net zero endeavors that every

0:36:19.760 --> 0:36:22.840
<v Speaker 1>all these governments and companies and industries are going forward.

0:36:23.080 --> 0:36:24.879
<v Speaker 1>I'd like to for you to check out a new

0:36:24.960 --> 0:36:29.239
<v Speaker 1>podcast recently launched by Bloomberg. It's actually called Zero and

0:36:29.320 --> 0:36:32.840
<v Speaker 1>it's about this efforts. It's hosted by our colleague Shot Rody,

0:36:32.880 --> 0:36:36.440
<v Speaker 1>and it's about the tactics and technologies that could get

0:36:36.560 --> 0:36:39.040
<v Speaker 1>us to a world of net zero emissions. They have

0:36:39.080 --> 0:36:42.719
<v Speaker 1>a new episode with Canadian Prime Minister Justin Trudeau, so

0:36:42.800 --> 0:36:46.520
<v Speaker 1>check it out on all the major podcast listening platforms,

0:36:46.680 --> 0:36:49.120
<v Speaker 1>and of course you can follow all of our podcasts

0:36:49.120 --> 0:37:05.600
<v Speaker 1>at Bloomberg onto the handle at podcasts. Thanks for listening

0:37:09.480 --> 0:37:11.360
<v Speaker 1>year to