With details of the MOU (aka. The Grand Ransom) between Alberta and the Federal Government seemingly imminent, I would like to offer the following:
🛢️a 1MM Bbl/d pipeline to the West Coast is a "pipe dream" if not funded by taxpayers, and the likelihood of getting firm volume commitments for that scale is highly unlikely
🛢️Pathways, a ~$30BN project, was conceived in a different world than now and should be scrapped immediately
🛢️Carbon taxes make the industry at the margin less competitive and encourages investment elsewhere - the oilsands are 0.1% of global emissions - we are irrelevant
🛢️The industry does not need to be "future proofed" nor need a "social license" - the world is desperate for more energy and not a single purchaser of oil in the world asks nor cares about a barrel's carbon profile
🛢️With expansion on existing pipelines plus the Prairie Connector/Bridger project (which I'm now incrementally more confident will proceed) Canada will add ~1.6MM Bbl/d of incremental capacity, enough to get us through to the mid 2030's
🚨 Alberta oil sands CEO just absolutely torched the Liberal carbon tax scam live on stage.
Jon McKenzie, boss of Cenovus — one of Canada’s largest oil sands producers — dropped the hammer: the $130-per-tonne carbon levy coming by 2040 does ABSOLUTELY NOTHING to cut emissions
.
It’s pure punishment.
A straight-up cost of doing business that destroys competitiveness and prices us out of global markets.
We’re the ONLY one of the top 10 producers on Earth stupid enough to unilaterally kneecap our own industry like this. Everyone else is laughing while we bleed market share.
This was NEVER about the environment.
It’s deliberate economic sabotage — 11+ years of Liberals deliberately pricing Canada into poverty and decline.
We already have one of the lowest carbon footprints on the planet, yet we’re taxing ourselves like we’re the filthiest polluters alive while crushing families at the pump, the grocery store, and every single day.
The elites knew exactly what they were doing. They planned this economic self-mutilation. They wanted Canada weak, broke, and dependent.
And some brainwashed sheep are still cheering as they get economically waterboarded by the same regime destroying their lives.
How much more of this treason against working Canadians are we supposed to swallow?
Watch the CEO destroy their entire lie here 👇
#cdnpoli #CarbonTaxScam #LiberalFailure #MarkCarney #AlbertaEnergy #EconomicSabotage
Not a single purchaser of crude oil in the world asks nor cares about the carbon footprint of the barrel, instead is 100% focused on accessibility, affordability, and reliability. I do not see how we overcome this massive misunderstanding which underpins all ongoing negotiations.
This is potentially a huge deal for the Canadian oil sector: 550,000 Bbl/d of new takeaway capacity, with upsize potential to 900,000, and onstream if FID'd ~2029. If this goes ahead, the "pipe-dream" West Coast pipeline is dead, and with it so too the obsolete Pathways Project.
There is a giant sucking sound in the United States…in just one week diesel inventories fell by 4%, gasoline inventories fell by 3%, and the SPR fell by 2%. The “battle for the barrel” ™️ is on. Impending and inevitable record low inventories = higher floor price for oil ($80?).
GOLDSTEIN: Climate hysteria wasted our money, failed to reduce need for fossil fuels
Canada is a case study in the failed and ruinously expensive global attempt to avoid what we’re inaccurately told is the 'existential' threat of climate change https://t.co/ZHGTeBwTDS
Good morning, Canada. It’s New Year’s Eve, and while many of you are preparing to celebrate tonight, let’s take a moment to reflect on what’s coming tomorrow. When the clock strikes midnight, it won’t just be the start of 2025—it’ll mark the beginning of Taxpocalypse 2025, a year where Justin Trudeau’s government will hit the middle class harder than ever before.
https://t.co/V8lrWDjicM
The Canadian Taxpayers Federation has released a report that lays bare the financial storm Canadians are about to endure. It’s not just inflation draining your wallet; it’s an avalanche of new taxes designed to fund Trudeau’s bloated government and its endless corruption. Let’s go through the numbers, because you deserve to know what’s really happening.
First, payroll taxes are going up. If you earn $81,200 or more, you’ll be paying $403 more in Canada Pension Plan and Employment Insurance contributions this year. Your employer will also fork out nearly $6,000 per employee. Small businesses—already struggling with inflation and high costs—are being crushed under this weight. This isn’t job creation; it’s job destruction.
Then there’s the carbon tax. Starting tomorrow, it jumps from $80 per tonne to $95, adding 20.9¢ per litre to the cost of gasoline. Filling up a 70-litre tank will now cost you almost $15 in carbon taxes alone. If you heat your home with natural gas, get ready to pay an additional $415 this year. Trudeau claims this is about fighting climate change, but in reality, it’s just another excuse to fill government coffers.
And if you thought inflation was bad, bracket creep makes it worse. As your income grows slightly due to inflation, you’re pushed into higher tax brackets without actually having more buying power. So, you’ll pay more in income tax on money that doesn’t go as far as it did last year. Meanwhile, the wealthy use loopholes to avoid taxes, and the poor get targeted rebates. Once again, it’s the middle class holding the bag.
Don’t believe me about how bad things have gotten under Trudeau? Let’s talk inflation—specifically food inflation. Here are the year-over-year increases:
2021: 4.0% (September)
2022: 11.0% (October)
2023: 8.3% (June)
2024: 2.7% (October)
Now, let’s compound that year over year. Since 2021, food prices have soared 28.37%. Think about that—almost a third of your grocery budget wiped out. A dollar that used to buy a loaf of bread now barely buys three-quarters of one. And this year, Trudeau’s new taxes will take even more out of your wallet.
But while you’re paying more for less, Trudeau has been busy inflating something else: the federal public service. Since he took office in 2015, he has added 108,793 new public servants to the federal payroll—a 42% increase in the size of the federal public service. And for what? Are hospitals better staffed? Are services more efficient? Absolutely not. Wait times for healthcare are worse than ever. Infrastructure projects are endlessly delayed.
If you ask me, Trudeau bloated the public sector to artificially keep unemployment numbers down. Let’s be clear: it’s the private sector that provides for the public sector, not the other way around. Every new bureaucrat added to the payroll is funded by taxes from hardworking Canadians—people like you—who are already struggling to make ends meet.
So, under Trudeau, you’re paying more for groceries, more in taxes, and getting less in return. This isn’t governance; it’s theft. But here’s the real insult: all of this money is going to fund Trudeau’s swamp of waste and corruption. Take the ArriveCAN app, a disaster that cost $54 million—for what? A glorified QR code. Contracts were handed out to insiders, many of whom didn’t even do any work.
Then there’s the Green Slush Fund, which has wasted nearly $400 million on pet projects rife with conflicts of interest. Liberal insiders funneled taxpayer money into their own businesses, and Trudeau’s government just shrugged.
The alcohol escalator tax is going up too, adding 2% more to the already sky-high taxes on beer, wine, and spirits. And don’t forget the digital services tax, a 3% levy on platforms like Amazon and Netflix. Experts say most of this cost will be passed directly to consumers.
Final Thoughts
This is Justin Trudeau’s Canada: a nation where the poor are shielded, the rich find their loopholes, and the middle class—the backbone of this country—is bled dry. Payroll taxes, carbon taxes, alcohol taxes, income taxes—it’s all part of an elaborate scheme to fund the bloated vanity projects and corruption of a government that no longer even pretends to care about the people footing the bill.
And while Canadians are working longer hours to afford less, struggling to put food on their tables, start families, or even dream of owning a home, Trudeau jet-sets around the world like royalty. Whether it’s sipping top-shelf wine at a global summit or skiing the pristine slopes of Red Mountain, this guy lives like a king while the rest of you pick up the tab.
It’s no wonder Canadians are booing him in public—it’s not only justified, it’s well deserved. He’s earned every jeer, every shout of frustration, because his leadership has failed this country at every turn. Under Trudeau, affordability has become a joke, and hard work no longer guarantees success.
But here’s the best part, Justin: there’s an election this year. Canadians finally get the chance to tell you exactly what they think of your disastrous leadership. They’ll send your Liberal ship straight into the iceberg, where it belongs.
So, go ahead, call the election. Take the globalist agenda you’ve been so proud to champion, pack it up with your carbon-tax hypocrisy, and prepare for your next gig as a keynote speaker for the World Economic Forum. You’ve proven you’re great at reading from a script that someone else writes—just not at running a country.
Enjoy your top sirloin tonight, Justin. Canadians? They’ll be eating Kraft Dinner while watching your government fall apart. Happy New Year. And Canada, don’t forget: Taxpocalypse 2025 starts tomorrow. Let’s make it the year we take our country back.
#cdnpoli
Sources: Shohei Ohtani is en route to Toronto today.
A representative of his agency, CAA, would not comment when asked about Ohtani’s travel plans.
At this hour, Ohtani does not have a signed agreement with any @MLB team.
@MLBNetwork