“Capital Goes Where It’s Welcome” TC Energy CEO Calls Out Carney

Added: 2026-05-12

[00:00:00]Negotiations between Iran and the United States appear to have hit a deadlock.

[00:00:03]>> After reading the piece of garbage they sent us, I didn't even finish reading it.

[00:00:08]>> Another day, another energy company pointing at Mark Carney's policies.

[00:00:12]Welcome back to Moose and Loose. My name is David. Today, another energy giant pointing out that Canada is just not a place for business investment. These big energy companies are going to America because Carney's net zero policies aren't good for business. Let's jump into this. Starting this episode off, we've got this from the Angus Reed Institute. says, "Pipeline politics, majority back west coast natural gas project. Half say Ottawa should be pushing harder on the file." And what do we see? 61% of BC residents support West Coast natural gas expansion. Opposition at just 17%. We've got 48% say the federal government is doing too little to build new pipeline capacity and 61% say economic growth should be bigger priority for energy policy, up from 45% in 2019. With that, we've got Vassie Capello here on CTV talking about Daniel Smith's deal with Mark Carney that is anticipated to come out this week.

[00:01:03]>> Smith and Carney met on Friday in Ottawa. As part of the deal, Alberta agreed to negotiate a new industrial carbon price that would ramp up to $130 a ton, but the timeline needs to be worked out. Those talks come as Liberals announced consultations on significant proposed changes to environmental laws to speed up the regulatory process for big natural resource projects like a pipeline, for example. Here to talk more about that is Saskatchewan Premier Scott Mo. Do you think that these changes that the government is proposing uh that they announced on Friday are what will get that pipeline out west build? Well, >> they're they're helpful. Uh there there's two conversations here. One is you know can we build a pipeline uh to you know move existing and additional oil whether it be to the west coast or other places in North America. And the second question is can we make the the environment the economic environment that our energy producing industries are operating in uh competitive with the rest of the world while remaining our focus on more sustainable product into the future. And I would say that second conversation is the uh the real crux of the discussions that are happening and um you know Saskatchewan shares Premier Smith's optimism that we're going to be able to get to a place here.

[00:02:10]>> That's a valid point. I mean, Mark Carney says we're more competitive having lowcarbon oil, but nobody has come out and said we want lowcarbon oil.

[00:02:17]Which country? China's not saying it.

[00:02:19]India's not saying it. Who's saying it?

[00:02:21]The UK. Do they want to buy our oil only if it's low carbon? That's made up because Mark Carney is set to benefit from it. Why isn't the media calling this out? Like, this is so ridiculous we're even talking about this. Lowcarbon oil doesn't make us more competitive.

[00:02:33]There's no scientific research or any sort of data that supports that. On the second part of the conversation, as you raise it, what evidence is there that the industry is not operating in a helpful environment? Is it just that the pipeline hasn't been built? Because if you look at their profits, for example, as reported last week, or you look at their production as reported last week in first quarter earnings calls, both are at record levels >> as as they should be when we see the global unrest in the straight of Hormos and um what's happening in that space.

[00:03:04]However, I don't think uh that's the certainty that we uh want to or or should uh ask the industry to rely on when they are uh you know considering their investments or the investment community for that matter. Um >> not only that we have record levels of people, more people, more demand and simply saying that we're at the highest level of production is not good enough.

[00:03:23]We could double it, we could triple it, we could quadruple it and then have so much prosperity flowing into this country. need to be competitive, but we also need to be better than other areas of the world as well when it comes to the the products that we produce. And I would suggest that in Saskatchewan's case, we we already are, but we need to keep up that pace of uh of investment uh ensuring that we we are yes competitive.

[00:03:43]We can produce what we are today uh and increase that investment, attract that in increase that production, attract that investment, and then have an opportunity to provide it not only to American customers, but the rest of the world through our West Coast. I I I think >> so. Scott Mo bringing this up. We need to have proponents. We need to have new investment. Well, turns out the investment's leaving and it's going to America. Here we've got the CEO of TC Energy, a major energy giant here, Francis Porier, saying that Carney's policies not getting the job done.

[00:04:12]>> With all this momentum, Canada has still fallen behind because Canada has been unable to attract a meaningful share of global investment.

[00:04:25]Because capital goes where it's welcome.

[00:04:27]And for too long, it has not felt welcome here. Because Canada is no longer competing only within its borders or even just across North America. We are competing with the world under a very different set of expectations.

[00:04:42]It's why in the in 2025, the US sanctioned 56 US billion dollars of LNG related projects.

[00:04:53]Canada made no sanctionings in the same period. Through our recently completed Southeast Gateway project, I've seen firsthand how that country is working hard to attract investment. We began construction on our project 8 months after filing our per for our permits.

[00:05:11]And in under three years from the filing, we put a 700 km subc pipeline into service with comprehensive environmental reviews.

[00:05:22]And further because of their plan to grow, they call it plan 2030.

[00:05:28]President Shinbomb has set an ambition of attracting $300 billion of investment by 2030.

[00:05:34]>> Just another story of capital going to the south. Whether it's America going to Mexico, Carney is driving out businesses like no one else. All of this wraps in with what's going on in Iran. Here we've got Donald Trump talking about negotiations over there. Ceasefire, very weak.

[00:05:50]>> It's unbelievably weak. I would say I would call it the weakest right now.

[00:05:57]After reading that piece of garbage they sent us, I didn't even finish reading it. They said I'm not going to waste my time reading it. I would say it's one of the weakest right now. It's on life support.

[00:06:08]>> Negotiations between Iran and the United States appear to have hit a deadlock with Trump slamming Iran's latest peace proposal as garbage. This latest escalation of the conflict is fueling concerns, however, that the war, which is now in its 10th week, has no end in sight. It's also sparking fears that maritime traffic through the vital straight of Hormuz, will remain paralyzed. Take a look at how it all translated to oil prices. For example, today the Brent crude international benchmark was up around $104 a barrel at close and the US benchmark WTI rose to around $98 a barrel. Kind of prompted this and and and what are you watching for over the next I I would say days, but more like hours.

[00:06:48]>> Look, we all know that President Trump, he doesn't mince his words. We also know that he's running out of patience.

[00:06:53]Remember he called uh the uh the war in Iran a little excursion and and you played that clip. It says it all. He's calling the counter proposal to Washington's peace plan stupid, that it's garbage, and that the shaky ceasefire in the Strait is on life support. Um, and it's not just the nuclear issue anymore for Donald Trump.

[00:07:14]Iran's counter proposal included a recognition of Iran's sovereignty over the straight of of Hormuz, which has never happened before. And the standoff in that critical shipping route has spiked prices. You mentioned gas down here. uh gas prices have have skyrocketed 52% since the start of the war. A and Donald Trump also complained about deal making with Iran's leadership, calling them moderates and lunatics and he claims he had a deal two days ago. Uh he >> there's no way that Trump's going to do a deal that allows them to state claim to the straight of our moves. That's not happening.

[00:07:50]>> He's losing patience and that's where we're at. Uh basically deadlocked.

[00:07:54]>> So jumping ahead, we've got Steven Gibo pushing back against Mark Carney. This dog and pony show is not ending anytime soon.

[00:08:01]>> Liberal MP and former environment minister Steven Kibo told the Toronto Star, for example, what Carney is proposing, changing environmental laws to truncate the approval time for those big projects is quote worse than what Harper did when he was in power. But while Gibo is alarmed, a new poll from the Angus Reed Institute suggests Canadians at large appear to be increasingly on board with a focus on the economy over the environment. Back in November of 2021, just 37% of Canadians identified economic growth as more important than environmental protection.

[00:08:30]>> We can see here, so this environmental protection, the red line, went up to 63% in November 2021 and since then it has just been tanking down to 39%. Where economic growth, the same point went from 37 to 61. So Canadians are waking up of what we need and they're starting to realize that all these ecoin investments don't pan out. They they don't make us richer, it makes us poor.

[00:08:50]And you have other countries not doing these things. And if we really wanted to do this, we should be exporting LNG to countries like China and India. So this is one good piece of news we've got is people are waking up to what we need to do. Unfortunately, they still think Carney's the guy that's going to deliver this. And there's another one here, views in BC on federal government approach to pipelines. January 2019, 46% doing too little to build new pipeline.

[00:09:11]And today we've got 46% doing too little to build pipeline. 37% saying pushing too hard to build more pipeline capacity as today it's only 23%. and their approach has been right. 17% back in the day, 31% now. So people think that the Carne government and views in BC on federal government approach to pipelines is about right right now. People think Carney is really doing something that's going to change anything that's going to change our country. And we may end up getting a pipeline being constructed here, but it's going to be tied to to Carbon Credits, the Pathways Project.

[00:09:43]With everything that's going on right now, you've got Carney meeting with Obama and Alex Soros. And here we've got a picture of Melanie Jolie with Alex Soros. Something is happening here.

[00:09:51]They're making some sort of new plan for Canada and all of us. This doesn't sit well with me. Now, back on pipelines.

[00:09:57]This is the only CBC clip of the night.

[00:09:59]We've got Kate Harrison here dropping a truth bomb.

[00:10:01]>> Fan is looking at it. May have something to say. So, Kate, quick word on that. I want to move >> giving giving yourself more power or the ability to use power is not necessarily using that power. No, I get it. So, you know, we're having this conversation about the political risk that the prime minister is taking on in terms of uh whether or not of giving himself these powers. Uh we're still removed from whether or not they would actually be used. Uh and >> they are going to pull out though of of reviewing projects that are entirely within one province, right? Like so they are down. So that is they're pulling away. That's an absence.

[00:10:32]>> I but I I would observe that uh the consultation that is happening now in terms of engaging on these projects uh really ultimately is tinkering with the margins. The consultation has happened over the course of the last 10 years. Uh energy projects are not getting built in this country. I don't know how much more consultation and engagement is needed for industry to tell you the same thing that they've been telling you for about the last decade, which is that you need to get on top of removing these energy laws, not necessarily giving ministers more political authorities.

[00:11:00]>> No, look, I know. But like two years ago, a bunch of >> That's it. We just get rid of these stupid laws and start building stuff.

[00:11:05]And here's David Cochr. Oh, no. No, but I mean, let me push back for Ricardney here. oil companies wrote a letter saying we believe in industrial carbon pricing and now they're saying let's get rid of industrial carbon pricing right so like there has been >> and as so too has changed the world there's very few countries that are now looking at onboarding an industrial carbon price oil producing countries >> look maybe it'll be fine maybe it won't be uh a technical briefing on this would be much appreciated as would interviews with members of the government but here we are >> look at him cranky pants can't get an interview with Mark Carney meanwhile we've got the CEO of TC Energy saying Carney's policies are driving business out of Canada. In other news here, we got Nater Skin Smith is preparing to challenge his loss on the Ontario Liberal nomination in Scarboro Southwest. We've also got Harmon Bangu posting this. So, Joffrey Lakes, this is one of the most beautiful and most popular hikes near Vancouver. It's up near Peton and it's being shut down so First Nations can have it all to themselves. After taxpayers have paid for the roads and all the infrastructure to get there and within the park, they are now taking it back for themselves.

[00:12:03]We're turning into a race-based society.

[00:12:05]So apparently they're going to be doing this for a couple times this year. The park is scheduled to be closed to visitors per periodically during this time. What if you show up and just say you identify as First Nations? This is not advice, but if I wanted to go hike there, I would just go hike there and tell them to take a hike. Pun intended.

[00:12:20]Now, moving ahead, I want to touch on this because this has become a complete crap show on X. So Carrie Lynn Finley during the final PC conservative debate has us back and forth with Peter Millibar.

[00:12:30]>> But on a conflict of interest issue, the property rights issue is overlying all of this. And Mr. Millibar, I do not see how on the major issue let be able to get around the conflict of interest rules. Ju >> just say it. My wife's indigenous, so you think I'm in conflict of interest?

[00:12:49]I've never heard of anything so ridiculous in my life. She also works for the cam loop.

[00:12:53]>> Uh she she last shift I think she had was about nine months ago and she worked one day as the part-time on call receptionist where she answers the phone. So apparently that is a big gotcha moment and no personal attacks like quite seriously. It's quite remarkable. Uh their nation's actually from the Yukon. It's been self-governing since the late 80s. Uh so if we're going to get facts, let's get them straight and accurate. Well, you say I'm in conflict of interest. How is that a conflict of interest? I've been voting against uh some issues.

[00:13:25]>> I'll show you how it's conflict of interest. This guy's a chronic liar. I broke this down on X here. So, Peter Miller in this video here just last year, February 26, 2025, talks about what would you do in the face of denialism?

[00:13:37]>> What will you do in the face of denialism? What will you do in the chamber? Will you be our voice um to push back against that? And I I flat out said yes, I absolutely would. And so I wouldn't be true to my commitments if I didn't take opportunities like that have presented uh unfortunately over the last week or so um out there to to make sure people understand exactly where I stand on things. And I I come from this uh with a bit of a background that maybe people aren't quite aware of. I I come with this not just because of my commitment to to the broader membership um to to respected uh elders and and uh current leadership uh but also with my own family um you know my wife my kids they're all indigenous my grandchildren are indigenous my son-in-law is a tumloops band member uh these types of things are very >> His son-in-law is a Tumloops band member we'll get back to that in a second I've been replying this on numerous of these posts because it's getting preposterous Peter Millibar's daughter married a Tumloops band member. This band here, Tumloops. This band is trying to claim 1.25 million hectares of land. The entire city of Cam Loops. To come Loops was also given 12.1 million to dig up the ground and see if there was anything in it. They pocketed that money. They did not dig the ground. Doesn't take 3 years to get an excavator in there and dig up the ground to see what's in there. So, they've already ripped off taxpayers. This guy, by his own admission here, is fighting back against dialism. his family through his daughter and son-in-law now his grandchildren could benefit greatly if Tcumloops gets say a crown payout of a couple billion dollars. You think the Tumloop's band would be treating Millibar's daughter and son-in-law very well if they got a couple billion dollars because of him?

[00:15:24]Of course, there's a huge conflict here.

[00:15:26]Whether he likes it or not, whether his family are in support of that or not, it doesn't matter. It's a major conflict of interest. Officials from Takumloops Tekkit band in the city of Cam Loops have started discussions about the decade old land title claim for a vast 1.25 million hectare area that includes the entire city. Does he seriously think we're completely stupid if we don't think there's a massive conflict of interest here? And now what he did say on stage about his wife is true. His wife is of the Yukon band which is not wrapped up in this. She does do part-time work for this band though.

[00:15:55]It's his daughter though who's married to a guy who's in this band that could directly benefit from this. is I mean he mentioned his grandchildren. This could financially set them up for life if they get a huge payout that we pay for.

[00:16:06]>> Uh but also with my own family. Um you know my wife, my kids, they're all indigenous. My grandchildren are indigenous. My son-in-law is a TLO band member. Uh these types of things are very personal. And so when denialism does from time to time raise up in the broader conversation both in BC and across the country, it has a direct impact on Tumlops. Um they're they're faced with people literally showing up with shovels to try to prove a point.

[00:16:33]>> Yeah, they should be able to go in there and dig it up because Tumbloops hasn't used that $ 122.1 million of taxpayer money to hire an excavator and get it done in a weekend. We're not stupid, Millibar.

[00:16:44]>> Get into secure areas. Um we wouldn't expect that in any other situation. Uh yet it seems to be fair game. And so, uh, to those back home that I've made commitments to in terms of keeping my word and standing up and speaking out, uh, making it very clear where I stand on certain issues. Um, you know, I want I want the Tacoma membership to know. I want the rest of my constituents to know. Um, I wouldn't be fulfilling what I went through making decisions in the summer, early fall about trying to come back to this place if I didn't stand here right now and lead off um, with these words as well. And that kind of struck me as I was talking about uh, family.

[00:17:25]>> This is pathetic. This guy's not going to fight for British Columbombians. This guy's going to put his family first. No one's going to doubt that. Of course, he's going to put his family first. But if his family could benefit to the tune of millions of dollars being handed down by the band that based on his actions, if he's premier could enrich, I mean, come on. This is a direct conflict of interest. Now, technically under the conflict of interest act, I don't think the son-in-law would qualify, but the daughter would. So, I don't know if, as Carrie Lynn pointed out, if he would even pass that. So, with this, we've seen some boneheaded takes come from conservative MPs like Frank Caputo here saying, "This is atrocious. Like Peter, I proudly have indigenous family through marriage. This is morally indefensible.

[00:18:02]Conservatives must deal with fallout from such words and resulting stereotypes. Remember, our words remain when leadership races end. Last family off limits. No, this is a conflict of interest. This is an awful take by Frank. I don't care if he's got indigenous family. And frankly, this pisses me off that these guys, cuz he's representative of Cam Loops Thompson, has not spent any effort coming out to help Carolyn Finley in BC. Shows up at the last hour to crap on her. There's numerous conservatives doing this. I'm not going to forget this stuff. So many of us are busting our butts trying to help fix the province here and these guys show up in the la the 11th hour to dunk on Carrie Lynn. Get out of here as I pointed out here. Do some research.

[00:18:39]Like this is embarrassing. He's not the only one. There's others. But we'll just move on. If this wasn't messy enough, we got Ian Black here coming out basically ending his own campaign. He thinks attacking Carrie Lynn on this was a good idea. Check the comments sections everywhere. He just got removed off of many people's ballots saying dividing people based off of race is how David Eie won last time. I believe we're all equal.

[00:19:00]>> This is now a clear pattern of behavior.

[00:19:02]We lost the election in 2024 in part due to the racist comments made by our candidate in Siri who happens to be the husband of Carolyn Finley. She did not then and has not since denounced those comments as reprehensible. And then at the Canada Strong and Free event, I gave Carolyn the opportunity to denounce the not propaganda messaging of Tara Armstrong, who has endorsed her. And Terry Lynn did not only fail to renounce those comments, but she also failed to reject the endorsement.

[00:19:31]>> So, this is just a smear campaign here.

[00:19:33]This is embarrassing. You got one guy after another, him and Millibar. Are they really going to dig up the ground and see what's going on in Cam Loops, or are they going to be helping with a multi-billion dollar payout to the bands? The comment section is not pretty to either of these guys. I mean, you got Billboard Chris ripping Millibar here.

[00:19:49]People going after Ian Black. If Ian Black strategy is to dig up the same smear tactics BC United used against the BC conservative candidates in 2024, then he's proving exactly why he's not suited for leadership. British Columbombians already rejected that style of politics.

[00:20:02]Instead of standing on his own ideas, vision, and leadership, Black appears to be more focused on recycling attacks and trying to tear others down. That is not strength, that is desperation.

[00:20:12]Meanwhile, Carolyn Finley continues to build momentum because people are responding to experience, composure, and leadership. This is getting messy right at the end here. The key takeaway from this whole situation with Carrie Lynn Finley is this has nothing to do with race. This could be anyone's family member. It just happens to do with the First Nation band and the son-in-law.

[00:20:29]But really, why is she being attacked for asking about a conflict of interest?

[00:20:33]That's the key question here. Why is there three now four conservatives now all appalled and getting all up in arms at her about asking about this? What's appalling is none of them have shown any support to her. And then at the very final hour here, we're getting close to the end of this leadership race. They come out of nowhere and dunk on her.

[00:20:49]That's appalling. People call themselves conservatives, offer absolutely nothing to try to help save this province here with this race, and then show up in the last minute to grill her. Disgusting.

[00:20:58]And to end this video off on a good note, we've got this here. Endangered butterflies are thriving behind bars. In the tender, methodical work of rescuing an imperiled butterfly species.

[00:21:08]Incarcinated women are finding a sense of purpose. So, there's women here that are incarcerated in Washington state are working to help boost the numbers of endangered butterflies because most of their habitat, I believe it says 97% of their traditional habitat has been lost.

[00:21:23]And so, that's one of the activities they're doing at this jail. This is a great idea. They should do stuff like this doesn't have to be this, but stuff like this at every jail. Since its early years, the program has helped raise and release 80,000 caterpillars into the restored prairie habitats. But the deeper aim is twofold. to recover a species that can no longer survive without intervention and to offer incarcerated women a form of education and engagement that is rarely available behind bars. This is good stuff.