Energy
Reflections on Earth Day
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Today is Earth Day, a day on which we are taught to feel guilty about our allegedly destructive impact on Earth—above all from our mass-use of fossil fuels.
But note that Earth, before we started impacting it on a large scale through the use of fossil fuels, was long a terrible place for the typical human being to live—and once we started using fossil fuels, rapidly became a far, far better place for the typical human being to live.
As I explain in Chapter 4 of Fossil Future,
While there are no perfect metrics of the world’s livability from a human flourishing perspective, three excellent ones are average life expectancy, average income, and total population…
If today’s narrative about fossil fuels destroying our delicate, nurturing planet were true, then a chart of fossil fuel use, life expectancy, income, and population would be a sad story. As fossil fuel use went up, life expectancy would go down as fossil fuels depleted the Earth of nourishment and created myriad new dangers. Income would also go down as resources became scarce—and the scarcity would become worse and worse if population went up.
But when we look at an actual chart of these metrics of a livable world, we see that these metrics are going up in an unbelievable “hockey stick” that exactly correlates with fossil fuel use, including the CO2 emissions that are supposedly destroying our world…
One of the key phenomena this chart shows is that each of the metrics of livability—life expectancy, income, population—stagnated at a very low level for thousands of years, meaning Earth was a barely livable place from a human flourishing perspective. While these charts go back only two thousand years, we know from historical records that they were preceded by tens of thousands of years of even less flourishing and progress. Then, some two hundred years ago, everything started improving dramatically. Earth went from what we would consider an unlivable place for the average human being to an increasingly livable place, continuing through to today—with the world being what our ancestors would consider to be an unimaginably livable place.
The incredible improvement in Earth’s livability should be the number one story we talk about when we talk about our relationship to our environment. It should be the subject of fascination, enthusiasm, and aspiration—the aspiration to continue our overall positive direction.
Instead, the incredible improvement in Earth’s livability is the subject of disinterest and evasion by our knowledge system, to the point that most people think that Earth today is a less livable place than it used to be…
we must eagerly seek to understand the causes of today’s unprecedented livability, especially its most fundamental causes.
While an incredibly strong direct correlation between CO2 emissions and the world’s livability doesn’t prove causation, such correlations are often reflections of causation. And in this case, the relationship is causal to a degree that almost no one appreciates: the ultra-cost-effective fossil fuel energy emitting the CO2 is literally driving the world’s unprecedented, increasing livability.
I want to distinguish my view from the position that fossil fuel energy is incidental to or even merely important to the unprecedented and growing livability of our world. When the improvement of our world is, all too rarely and incompletely, acknowledged, it is invariably ascribed to crucial factors that are treated as unrelated or barely-related to fossil fuel use, such as scientific discoveries, technological innovation, improved medical care, and improved sanitation. While scientific discoveries, technological innovations, improved medical care, and improved sanitation are indeed crucial contributors to the world’s livability, they are not unrelated or barely-related to fossil fuel use. In fact they have overwhelmingly depended on and will continue to depend on ultra-cost-effective energy production from fossil fuels or their equal.
I love today’s fossil-fuel-dominated Earth, because with the aid of billions of fossil-fueled machines today’s humans are able to create a world of unnatural abundance, safety, and opportunity.
While I am not participating in any Earth Day events this year, I want to share with you for the first time an Earth Day conversation I had last year with former Texas Governor and US Secretary of Energy Rick Perry at last year’s EarthX (the largest Earth Day event in the world). I hope you enjoy it.
What follows is the video and complete transcript of the event, edited only for clarity (including avoided repetition).
If you’re hungry for more Earth Day content, check out the other event I did with Rick Perry last year: a debate he moderated between me and climate scientist John Nielsen-Gammon.
Rick Perry:
Hi, Rick Perry, former Governor of the State of Texas at the Fair Park in Dallas, Texas, the side of the State Fair of Texas. Actually, on the 21st day of April of 2023, which is a big day for Texas. It’s the day we started our independence in the State of Texas, not our actual Independence Day, but the Battle of San Jacinto when Texas won its independence. And so, freedom’s really important to people in the State of Texas.
We’ve fought for it, we’ve been fighting for it ever since. Which brings me to the opportunity to have Alex Epstein with us today, the author of Fossil Future, one of the great books about fossil fuels and the great raging debate about whether or not fossil fuels are good, whether we ought to be using them or not. And anyway, I want to say thank you for being here and joining us at EarthX, the largest Earth Day event in the world. You think about it, it’s pretty exciting. So I’m glad you’re here.
Alex Epstein:
I thought it was very exciting that they invited somebody who’s wearing an I Love Fossil Fuels pin and is known for writing Fossil Future.
Rick Perry:
Yeah. Well, you’re really a great example of what I admire. You and I met… Gosh, I think it was six years ago in Cape Town at an energy conference.
Alex Epstein:
Exactly right.
Rick Perry:
In a place where, if they know what lack of energy, lack of access to fossil fuel can do to you, they know about it in South Africa, in the whole continent of Africa.
Alex Epstein:
Yeah, for sure.
Rick Perry:
So what I’d like for you to do here, Alex, is just talk a little bit about not only your book, about what the passion is. As a matter of fact, just a little bit of the background. There was a time when you might’ve been on the other side of this raging debate about the climate until you educated yourself and became very knowledgeable about truth. And that’s what we’re after today in the pursuit of freedom and truth.
Alex Epstein:
I had an interesting journey because in a sense, I’m the last person you would expect to be the world’s biggest champion of fossil fuels. I grew up in Chevy Chase, Maryland, which is a liberal place right outside Washington DC. I went to one of the top math, science high schools in the country, and I went to Duke University. I learned zero positive about fossil fuels. The only thing I quote learned is that “fossil fuels are causing climate catastrophe.” And I think this is typical of the education—or miseducation—people get, which is that fossil fuels essentially have no benefits, and they only have side effects. And those side effects are catastrophic to the point where we should be in real fear of looming apocalypse.
And what really changed is I just randomly ended up studying the early history of the oil industry. And I learned that in 1859, right, when the oil industry was beginning—I’ve never told you this story actually—in Titusville, Pennsylvania, the countryside in that area was dark. Even though there were many technologies for illuminating your home, there were like half a dozen alternatives to oil, and yet nothing illuminated the countryside because nothing was cost-effective. Within five years of the beginning of the oil industry, the countryside was bright.
And it just occurred to me, “Wait, I could have been one of those people.” Imagine what it would be like to go from darkness to light. And it’s not just about having the technology that works, it’s about having the technology that’s cost-effective. And it occurred to me, “Well, maybe the reason we’re still using fossil fuels for 80% of our energy, maybe the reason it’s still growing is because they’re still the most cost-effective alternative for billions of people.”
And then I learned that there are 6 billion people who are kind of like those people in the countryside where they have very little energy by our standards. 6 billion people use an amount of energy we would consider unacceptable. A third of the world is using wood and animal dung for their heating and cooking. 3 billion people are using less electricity than a typical American refrigerator.
So I just saw the world, it’s totally underpowered. And what are we doing? We’re focused on getting rid of our number one source of energy, instead of—how do we expand the availability of energy? And that’s part of the passion is: I understand what energy has done for me and I would like that opportunity for the rest of the world, and I would not like it to be taken away from me.
Rick Perry:
Yeah. So it’s really interesting that you bring us to this point. And you talk about the benefits of fossil fuels. Seems like every time we turn on the TV or we see a newspaper article, or we see some rally somewhere, all they want to talk about is the evils of fossil fuel. Here’s the negative side of fossil fuels. And they never talk about the positive side of fossil fuel and how it’s allowed the people of the planet to flourish when they’ve had access to it.
Alex Epstein:
And it’s really a crazy thing because I’ve said this a million times. Do you agree that whenever you’re evaluating a product or technology, you should carefully weigh the benefits and side effects? Do you agree with that? Of course you do.
Rick Perry:
Of course.
Alex Epstein:
Nobody has ever disagreed, ever. I’ve asked this question countless times, nobody has ever disagreed. So you think, “Okay, I’m taking a prescription drug. I carefully weigh the benefits and side effects.” And yet almost nobody does it with fossil fuels at the highest level.
I mentioned in my book that Michael Mann, one of the world’s leading climate activists, he’s a climate scientist. He has a whole book on fossil fuels and climate, and he only talks about, for example, agricultural negatives—which, that’s fine to look into that, but he never once mentions diesel fuel for agriculture or natural gas for fertilizer, even though those make it possible to feed 8 billion people.
If we’re totally ignoring the benefits of something, we’re going to make terrible decisions. But it’s even worse than that because the main concern about fossil fuels has to deal with climate and making climate more dangerous. But one of the key benefits of fossil fuels is it allows us to neutralize climate danger. This is why climate disaster deaths are at all-time lows. We can irrigate to alleviate drought. We can heat when it’s cold. We can cool when it’s hot.
So fossil fuels, unlike a prescription drug, they can cure their own side effects. So imagine you’ve got a life-saving prescription drug. It can cure its own side effects with its benefits—but you ignore its benefits. That’s how we can be trying to get rid of the thing that’s saving the world and that billions more people need. I’m very emphatic about it cause it’s so clear and it’s so important.
Rick Perry:
Yeah, that’s it. Matter of fact, I got a copy of Fossil Future right here that you wrote, and that’s the most important—from my perspective—the most important message that comes out of this book is not only to help people understand the positive aspects of fossil fuels historically and going forward in the future, but it talks about the flourishing of mankind, if you care about humankind.
Alex Epstein:
And I think it might seem like, “Why are you bringing that up? Doesn’t everyone care about the flourishing of humankind?” And I think most people when pressed, if you say yes or no, they’ll say, “Yeah.” They’re not going to say, “I don’t care about it at all.” But here’s what happens: when they’re thinking about the Earth, when they’re thinking about the planet, for example, on Earth Day, they’re not actually focused on the flourishing of mankind because we’ve been taught that our number one goal with respect to the Earth should be to not impact it, to minimize or eliminate our impact.
And yet—this is what I learned when I was 18, this changed my life. I didn’t know anything about energy, I only learned that later, but this changed my life—I realized, “Wait a second. The modern environmental movement, its core goal is to eliminate human impact on Earth and humans survive and flourish by impacting Earth.”
So our goal with respect to Earth is an anti-human goal. And that’s why the key message you mentioned, the number one aspect of my book is that it looks at the Earth from a human flourishing perspective, and it says it’s good for us to build buildings. It’s good for us to build roads. It’s also good to enjoy beautiful nature. But guess what? You need a lot of energy and a lot of roads to do that. It’s good to have clean air and clean water, but it’s because it’s good for humans.
And so I look at the Earth and everything in it from a human flourishing perspective, and that really is radical, unfortunately.
Rick Perry:
I look at it from a—I’m a Christian—a biblical standpoint, and in Genesis, it clearly says that man is supposed to subdue the environment, but do it in a righteous way. And so clearly in our biblical teachings, it says that we’re supposed to use this environment for the flourishing of mankind, if you will. Be wise about it, do it in a righteous way, which pretty much is what you’re saying.
Alex Epstein:
Yeah. But I’m not coming from that background at all.
Rick Perry:
I understand that. I know that.
Alex Epstein:
But it is notable, I think, because it’s true I think in this case that the kind of Judeo-Christian religion with respect to this thing is unfortunately much more rational than the so-called scientific view because unfortunately, the quote, “scientific view” is actually an anti-human primitive religion cause it’s really a belief that the Earth without us is this, I sometimes call it, the “perfect planet premise.”
So, the unimpacted planet is this perfect thing. So it’s stable. It doesn’t change too much. It’s sufficient. It gives us enough—unless we’re too greedy—and it’s safe. And this is not at all true. We live on a very imperfect planet if you’re judging it from a human perspective; that’s why life was terrible for most people. So rationally, if you are just a human being who wants to live and you want your fellow human beings to live, you should be for looking at Earth from a human flourishing perspective, and you should embrace intelligently impacting Earth, and I argue fossil fuels is a big part of that.
Rick Perry:
Yeah. So you bring up a really interesting point about, what would the world be like today if you didn’t have human innovation, if you didn’t have human impact? And so, talk a little bit about the data that’s out there on climate-related deaths, climate-related injuries that occur historically. And my instinct is, the world’s a lot safer place today because of the fossil fuel engines that we have.
Alex Epstein:
Yeah I mean, it’s true of every metric of human life. So one of my favorite statistics that I use in Fossil Future is what I call the human-flourishing hockey sticks. Cause you see, life was just bad for thousands of years. So you have, for example, life expectancy is around 30, and then suddenly 200 years ago, for some reason, it starts going up like a hockey stick. And then you have income, which is how much resource an average person has access to. And it’s like this. And then population is like this cause everyone was dying so much before.
And a big part of it, not all of it, but a big part of it was climate. Climate is naturally deficient, as in it doesn’t always give us what we need, say in terms of rainfall. This is why drought was historically such a killer and people prayed to weather gods. It’s not actually a perfect planet at all.
And the climate is incredibly dangerous. It’s just constantly ravaging us and terrorizing us. So when people say, “Oh, the climate, save the climate.” You don’t want to save the climate. You want to master the climate, and fossil fuels have been essential to mastering the climate. Your instinct is right.
Just think about drought: so drought used to be a killer. You can look back in the ‘20s and ‘30s and see headlines of “2 million Chinese die from famine after drought.”
Rick Perry:
Well, think about the Dust Bowl and right here in the central part of the United States back in the ‘30s.
Alex Epstein:
Yeah, just think about what it means. 2 million in the past is, that’s like 8 million today adjusted for population. Drought related deaths are down 99% plus.
Rick Perry:
Wow.
Alex Epstein:
So that means you have a one in 100 chance of dying from drought. Why is that? Well, think about: we have modern irrigation. So, even when you have a drought, you can irrigate. So it’s as if you didn’t have a drought. We essentially have zero drought related deaths in the United States now.
You think about crop transport. So this happens a lot, particularly in Africa where they still, they’re not fully industrialized unfortunately. But now if they have a really bad harvest, including due to drought, we can use machines powered by oil to transport them crops. And of course, we grew the crops using oil and then natural gas for fertilizer.
So the climate and the Earth is so much more livable from a human flourishing perspective. That’s why I say the whole thing is looking at the world from a human flourishing perspective. You just feel like, “Oh my God,” to use maybe a biblical expression, like, “The scales come off.” You can see what’s true.
Rick Perry:
Yeah. So one of the things that I’d like to transition to here is to talk about: why is this such a conflictual issue? Why has there become people choosing sides over here—if you’re a climate denier, you’re a Holocaust denier, you’re put in the same camp. And why has this become such an issue that has caused such great division and angst? Can’t we be more in pursuit of the truth?
I use the IPCC, for instance, and I think their data and what their data says… And we look back on it historically, and they’ve missed the mark on this pretty substantially from time to time. But you’re read on: why do we find ourselves at this rather conflicting moment in history dealing with the climate and why this disdain for fossil fuels?
Alex Epstein:
I think part of it is, there’s a legitimacy in that it’s a high stakes issue. Now, I think the main way it’s viewed as a high stakes issue is not the way in which it’s actually high stakes. The way in which it’s actually high stakes is, “Does the world have cost-effective energy and thus do humans have the opportunity to flourish?” That, for me, is the high stakes issue because that’s life or death. That’s having an opportunity-filled life versus no opportunity.
You mentioned when we met in Africa, you just see that all over the place, making the right or wrong decisions is going to affect the fate of hundreds of millions of people for sure. Do they have the ability to have anything resembling a life like ours or not?
So now the other way thinks of it as high stakes in terms of they think we’re destroying the planet. You remember when AOC said that thing about “Scientists are telling us we have 12 years left, and you’re talking about the cost.” So for me, the cost of energy is actually, that’s the thing that matters. For her though, they have this view of the perfect planet, and I think this is, our educational system has taught people that we live on a perfect planet and then we’re parasite polluters who just ruin the planet.
And so they’re always expecting a new apocalypse. That’s why we’re supposed to run out of resources—we have more resources than ever. We were supposed to pollute the planet into oblivion—most of the planet is cleaner than ever. We were supposed to have catastrophic global cooling, catastrophic global warming—fewer climate-related disaster deaths than ever.
But they have this false view of the planet and of human beings and so they always expect apocalypse and then they feel like, “Hey, Rick Perry, Alex Epstein, you are leading to the apocalypse because you’re allowing us to use evil fossil fuels when the planet is going to be destroyed.”
It has a very religious narrative. It’s actually a Hell kind of narrative. And what I’m trying to get people to do is to think of it in a scientific way where you weigh pros and cons instead of treating it as though it’s an infinite con and the Climate God is going to punish us. That’s how we view it now.
Whenever you view there’s an infinite risk, it creates infinite fear and then infinite hostility toward anyone who seems to get in the way of your agenda.
Rick Perry:
Yeah. So again, I want to remind people, Alex’s book here, Fossil Future. It is truly, I think, full of truth.
Alex Epstein:
Thank you.
Rick Perry:
And as I said earlier, as we started this in the great State of Texas, which is where we are at Earth Day, as we’ve always been in the pursuit of freedom and truth. And, Alex, I think your book does that.
Alex Epstein:
Thank you.
Rick Perry:
So thank you for participating and being here with us today. God bless You.
Alex Epstein:
Thank you. I came here because of you for sure. You asked me to do something, I’ll do it, because you have helped me spread the word about this book better than anyone, and you certainly didn’t get paid to do it and I really appreciate that.
Rick Perry:
It’s all about the truth.
Alex Epstein:
Thank you. For me too.
Rick Perry:
Alex Epstein. And so anyway, here we are finishing up at Earth Day, a great beautiful day in downtown Dallas, Texas at the State Fair facilities here at Fair Park in Texas. And God bless you. And may God continue to bless the great State of Texas.
Energy
75 per cent of Canadians support the construction of new pipelines to the East Coast and British Columbia
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71 per cent of Canadians find the approval process too long.
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67 per cent of Quebecers support the Marinvest Energy natural gas project.
“While there has always been a clear majority of Canadians supporting the development of new pipelines, it seems that the trade dispute has helped firm up this support,” says Gabriel Giguère, senior policy analyst at the MEI. “From coast to coast, Canadians appreciate the importance of the energy industry to our prosperity.”
Three-quarters of Canadians support constructing new pipelines to ports in Eastern Canada or British Columbia in order to diversify our export markets for oil and gas.
This proportion is 14 percentage points higher than it was last year, with the “strongly agree” category accounting for almost all of the increase.
For its part, Marinvest Energy’s natural gas pipeline and liquefaction plant project, in Quebec’s North Shore region, is supported by 67 per cent of Quebecers polled, who see it as a way to reduce European dependence on Russian natural gas.
Moreover, 54 per cent of Quebecers now say they support the development of the province’s own oil resources. This represents a six-point increase over last year.
“This year again, we see that this preconceived notion according to which Quebecers oppose energy development is false,” says Mr. Giguère. “Quebecers’ increased support for pipeline projects should signal to politicians that there is social acceptability, whatever certain lobby groups might think.”
It is also the case that seven in ten Canadians (71 per cent) think the approval process for major projects, including environmental assessments, is too long and should be reformed. In Quebec, 63 per cent are of this opinion.
The federal Bill C-5 and Quebec Bill 5 seem to respond to these concerns by trying to accelerate the approval of certain large projects selected by governments.
In July, the MEI recommended a revision of the assessment process in order to make it swift by default instead of creating a way to bypass it as Bill C-5 and Bill 5 do.
“Canadians understand that the burdensome assessment process undermines our prosperity and the creation of good, well-paid jobs,” says Mr. Giguère. “While the recent bills to accelerate projects of national interest are a step in the right direction, it would be better simply to reform the assessment process so that it works, rather than creating a workaround.”
A sample of 1,159 Canadians aged 18 and older were surveyed between November 27 and December 2, 2025. The results are accurate to within ± 3.5 percentage points, 19 times out of 20.
Energy
The Top News Stories That Shaped Canadian Energy in 2025 and Will Continue to Shape Canadian Energy in 2026
From Energy Now
By Jim Warren
The times have been excessively interesting. This is especially true for the conventional energy sector where there was much more news served up in 2025 than normal people can comfortably digest in just 12 months.
The past year provided a few flourishes of good news for supporters of conventional energy. But, for the most part it was a continuation of the disappointment, frustration and uncertainty which characterized the Justin Trudeau years.
Unfortunately, there’s a chance that disappointment and frustration will follow us into 2026.
Yet, the Festive Season demands all glasses be at least half full when we ring in the New Year. And, for all we know, the inveterate optimists among us could actually turn out to be right on a few counts.
The Alberta-Ottawa Memorandum of Understanding (MOU) may actually result in a pipeline being launched. And maybe the bit in the MOU about the cost of CO2 emissions rising to $130 per tonne will turn out to be just a typo. The Carney government could be forced to call an election in 2026. And Pierre Poilievre and the Conservatives, who unequivocally support expansion of conventional energy production and exports, could win it.
If the pipeline problem is satisfactorily resolved, we can then return to time honoured grievances we’ve put on the back burner, such as equalization and Canada’s catch and release legal system.
Let’s drink to that.
In keeping with the traditions of news publications at year-end, here is a list of the top 2025 news stories and events affecting Canada’s oil and gas industries in Canada.
The nine news items we came up with are presented below, listed in chronological order. You, the reader, may have some additional ones of your own.
1. Goodbye Justin Trudeau, You Will Not Be Missed

The arrogant poser, with the colourful socks, who acted like virtue oozed from every pore of his body is now persona non grata. Six days into 2025 Justin Trudeau announced his intention to resign as prime minister and member of parliament. It was one of the most joyous occasions of the year—heartily celebrated by many fans of the oil and gas industries.
For nine long years, the Trudeau government imposed environmental and climate change legislation intended to reduce expansion of conventional energy production and consumption. The Trudeau government’s actions have been be characterized as efforts designed to cancel the future of Canada’s conventional energy sector. Trudeau, his cabinet and caucus will forever be remembered for measures such as Bill C-48/the Tanker Ban and C-69/the No More Pipelines Bill—legislation that will live in infamy.
Danielle Smith probably said it best. “Pierre Trudeau only wanted to steal our oil, Justin Trudeau wanted to kill the industry.”
2. Trump and the Trade War

Donald Trump and his tariff war have had some important, positive effects in Canada. They exposed the vulnerabilities associated with relying on a single country to purchase approximately 93% of our oil exports. The critical importance of increasing access to new non-US customers for Canadian oil and natural gas was made crystal clear. Several polls taken over the course of 2025 indicated a majority of Canadians now support the construction of new oil and gas pipelines to one or more of Canada’s coasts.
Oil is Canada’s single most important export commodity. And, a growing number of people appreciate handcuffing the conventional energy sector and limiting export options is economic madness; especially when the country is experiencing economic distress and the fiscal crisis created by Liberal Ottawa.
One of the unfortunate outcomes of the new tariffs Trump imposed on Canada is that in January they breathed new life into the political corpse of the Liberal party. Amazingly, this allowed them to elbow their way to an astonishing revival of fortunes and a minority election win on April 28.
3. Premier Danielle Smith’s Nine Bad Laws

Danielle Smith presented Mark Carney with a list of nine demands on March 25, 11 days after he replaced Justin Trudeau as prime minister. The list focused on the fortunes of the conventional energy sector and the barriers to new pipelines. It featured what Smith referred to as “the nine bad laws”—the laws that have to go if Canada is to recover from the economic and fiscal damage done during the Justin Trudeau years.
According to Smith, Liberal policies had adversely impacted the prosperity of Alberta and the rest of Canada and driven away billions in new capital investments.
The nine bad laws
- Removal of the federal laws, regulations and policies that restrict access to oil and gas corridors to the East, West and North coasts.
- Repeal Bill C-69
- Cancel Bill C-48
- Rescind the oil and gas emissions cap
- Drop the clean electricity regulations
- Dump the industrial carbon tax
- End the net zero car sales mandate, including the ban on gas and diesel car sales by 2035
- Eliminate the ban on single use plastics
- Remove the restrictions on the free speech of conventional energy companies
The demands have been described as the things Albertans require to believe Confederation can accommodate their interests. They represent a set of issues which if not promptly addressed will continue to harm the economy and create a national unity crisis.
The Ottawa-Alberta MOU signed on November 27 proposes to eliminate or adjust several of the nine bad laws.
4. Canada’s Federal Election

Early in January of 2025 it finally looked like the stars had aligned in favour of the oil and gas community. Justin Trudeau was a terminally wounded lame duck, having announced his intention to resign as prime minister. And, it appeared the electoral fortunes of the Liberals were in the toilet.
There was dissention in the Liberal ranks—Deputy Prime Minister Chrystia Freeland had resigned the previous month. And, opinion polls taken in December and early January had shown the Conservatives had a commanding lead over the Liberals. Pierre Poilievre and company were heading for a majority. And, they were pledged to support the expansion of oil and gas production and the construction of new export pipelines from Alberta to one or more of Canada’s coasts.
By late January, fear of the Trump tariffs and Canada’s mainstream media had changed the political arithmetic. Canadians embraced a new superhero, Mark Carney. The legacy media extolled his record as an international financial wizard, macroeconomic guru, and leader of prominent institutions.
During the election campaign Carney adopted a duplicitous approach to discussing energy and pipeline policy. He embraced the longstanding Liberal strategy of saying one thing in the West while saying the opposite when talking to Quebecers.
More recently, Carney has been saying one thing to B.C. and oil pipeline opponent, Premier David Eby, and something entirely different to supporters of the oil and gas industries in Alberta and Saskatchewan.
Following the defection of three Conservative MPs to the government side of the House the Carney government is just one seat shy of a majority.
5. Bill C-5 Promises Much But Delivers Nothing

The Building Canada Act/Bill C-5 was heralded as the solution to Canada’s failure to get major economic development projects, including oil pipelines, approved and built ever since the Justin Trudeau Liberals formed their first government in 2015. It was passed by the House of Commons on June 20, 2025 with the support of both Liberal and Conservative MPs. The promotional efforts of the government and mainstream media pundits had many people thinking it would deal with many of the issues identified in Danielle Smith’s list of nine bad laws.
The government claimed Bill C-5 would expedite approvals for nation building projects that would help secure Canada’s economic future and diversify export opportunities. The Liberals said they would use every tool at their disposal to get projects promptly approved and completed. Those tools did not include ending the West coast tanker ban or changing Bill C-69, the Impact Assessment Act.
Bill C-5 turned out to be the most overhyped nothing burger of 2025.
On September 11, Ottawa announced the first five projects which qualified for the approval process established under Bill C-5. A second tranche of six projects was announced on November 13. The common denominator for all eleven projects is that they had all been previously proposed and approved and some were already under construction. In the first five months following the enactment of Bill C-5 there have been no big new investments announced that hadn’t already been announced.
6. LNG Canada Begins Exporting Liquified Natural Gas

David Eby, and the government of British Columbia have vigorously opposed construction of an oil pipeline running from Alberta to Prince Rupert. Pipelines carrying natural gas produced in B.C. to LNG terminals on the West coast are another matter.
Several large and small LNG projects have been approved by B.C. and the federal government. The largest of them, LNG Canada, began shipping liquified natural gas (LNG) from its processing facilities at Kitimat on June 30 this year. By the end of November, 25 cargoes of LNG had been shipped from the new terminal. When all phases of LNG Canada’s $40 billion system are fully operational they will be capable of exporting 3.68 billion feet of B.C. natural gas per day.
Thus far, LNG Canada’s operation is the only large LNG project that is up and running. Proponents of some of the other projects are apparently still looking for additional financing. And, there are concerns about a global LNG supply glut developing. Yet, a global oversupply is hard to envision given growing demand for natural gas in East and South Asia.
One thing is certain, all of B.C.’s currently approved LNG projects have met the criteria required to be announced by the federal government as new developments made possible only by the miracle of Bill C-5.
7. The Memorandum of Understanding (MOU)

There are indeed fans of oil and gas who enthusiastically welcomed the unveiling of the Memorandum of Understanding (MOU) on November 27. There were also some who denounced the deal, and skeptics who remain undecided. If there is a lack of meaningful progress toward building an oil pipeline from Alberta to Prince Rupert by mid-2026, the number of Albertans opposed to the MOU can be expected to grow.
Many of the skeptics contend it is yet another example of the Carney government’s unwillingness to clearly and forthrightly endorse a revived version of the Northern Gateway pipeline (a Northern Gateway 2.0).
Yet, Danielle Smith has been reported as saying the MOU addresses several of the demands contained in her list of “nine bad laws”.
The MOU proposes to drop federal clean energy regulations for Alberta, allow carbon capture projects to use CO2 for enhanced oil recovery without penalty, suggests a tanker ban carve out is possible on the northern B.C. coast and, perhaps most importantly, it elevates Northern Gateway 2.0 to the realm of the possible.
Waiting for the agreement between Ottawa and Alberta was frustrating for supporters of fossil fuels who were not privy to the behind closed doors discussions and negotiations which apparently began on or shortly after June 1. Subsequently, Danielle Smith optimistically identified dates when she hoped to announce federal movement on the nine bad laws and an agreement to get Northern Gateway 2.0 launched.
We hoped to hear something concrete by the week of the Calgary Stampede. It turned out there was no big announcement but Smith remained positive regarding discussions. The prime minister offered only highly qualified support for some of Alberta’s demands when speaking publicly.
The next deadline suggested was some time in October. October came and went. We listened for a commitment from the prime minister and got crickets. Smith said she was still fairly confident a deal would be forthcoming, probably by Grey Cup.
The day of the big game came and went and there was still no announcement. The goal posts had apparently been moved again. But wait, just a few days after Saskatchewan’s win on the gridiron, the government news agency, CBC, reported a rumour was going round claiming a deal was close at hand. And so it was.
The wait was exhausting. Here’s hoping the end result was worth it.
8. The “Green Jesus” of Montreal Quits Cabinet

Steven Guilbeault, one of the most politically divisive people to ever serve as a federal minister resigned from the Carney cabinet on November 27—within a few hours of the announcement of the Alberta-Ottawa Memorandum of Understanding.
Guilbeault’s resignation is one of the best signs to date that the MOU is a serious document.
Guilbeault is a high profile environmental activist (some would say fanatic) and climate change alarmist—famous for media stunts like scaling the CN Tower and demonstrating on the roof of Ralph Klein’s house in Edmonton. He became MP for a Montreal riding in the October 2019 federal election. Justin Trudeau appointed him Minister for the Environment and Climate Change in October of 2021 and gave him free rein over policy decisions.
The Trudeau government’s enactment of several of the policies harmful to the conventional energy sector such as Bill C-48/the Tanker Ban and Bill C-69/the No More Pipelines Bill actually occurred before Guilbeault became environment minister. However, under Guilbeault’s watch a series of excessively ambitious regulatory measures inimical to the future of the oil and gas sectors, costly to consumers and economically harmful were implemented.
Guilbeault’s actions as minister imposed added costs on Canadian consumers who were dealing with an escalating cost of living. They contributed to the abysmal showing of the Liberals in party preference polls for most of 2024—as a consequence the Party finally gave Justin Trudeau the boot in January 2025.
Examples of Guilbeault’s environment and climate change policy legacy include:
- The environment ministry’s announcement of a hard cap on oil and gas emissions in the fall of 2021. This measure would effectively set limits on the growth of natural gas and oil production. The governments of Alberta and Saskatchewan vehemently opposed these measures as a federal intrusion into areas of provincial responsibility under the Constitution. The Supreme Court agreed and declared that the offending sections of Bill C-69/the Impact Assessment Act were unconstitutional—Guilbeault made no effort to amend his regulations.
- Guilbeault was responsible for the major updating of the consumer carbon tax regulations announced in December of 2021. Those included the plan to increase the level of the tax to $170 for every tonne of CO2 emitted. The carbon tax angered voters already struggling with increases in the cost of living and caused support for the Liberals to tank by December of 2025.
- Guilbeault introduced regulations limiting the number of gas and diesel fueled vehicles sold by Canadian manufacturers with a total phase out target of 2035. The regulations were published in December 2023. In early 2025, our new prime minister announced he was postponing implementation of the sales reduction target for at least one year. The Guilbeault regulations were largely responsible for Stellantis’ decision to shift thousands of jobs and production to US factories.
- Guilbeault’s swan song as environment minister was the publication of updated clean electricity standards and regulations limiting the energy sources which can be used to produce electricity without penalties by 2030. The regulations were published by Guilbeault’s department in December of 2024. The Government of Saskatchewan has announced its intention to defy this mandate. It intends to continue using coal to generate electricity for another decade and possibly longer.
When Mark Carney assembled his first cabinet he demoted Guilbeault, moving him from the prestigious environment portfolio to the Department of Canadian Identity and Culture. Incidentally Carney left Jonathan Wilkinson, Guilbeault’s predecessor, as environment minister, out of Cabinet altogether.
9. What’s Old is New Again: Anti-Pipeline Lobbying, Misinformation and Insanity by the Sea

We better fasten our seat belts heading into 2026. Climate change alarmists, their allies in the media and several members of the federal Liberal caucus have already launched their assault on the MOU and prospects for a new oil pipeline to the West coast. Visions of Trans Mountain all over again.
The Complicit Media
In the days leading up to the federal budget, a frantic Elizabeth May falsely claimed Canada was legally bound to meet its net zero and green transition targets under terms of the 2015 Paris Agreement on Climate Change. She claimed the Trudeau/Guilbeault anti-oil-and-gas legacy must remain inviolate lest we incur the wrath of the UN—a supposedly terrifying prospect.
In reality the only things the parties to the Paris Agreement bound themselves to was the submission of an outline of their plans for reducing greenhouse gas emissions, and to submit an updated version of their plans every five years. No penalties of any sort are provided under the agreement should a country fail to get its homework handed in on time.
The legacy media gave May a free ride on that fabrication—no effort was made to correct her. May was similarly allowed a pass when she claimed oil tankers carrying oil from Prince Rupert would have to cross the most dangerous waters in Canada.
(See the Energy Now column MAY DAY! THE GREEN PARTY’S ELIZABETH MAY HAS IT WRONG: An Alberta to Prince Rupert Oil Pipeline Will Contribute to Greater Global Oil Tanker Safety – Jim Warren ).
Another disturbing example is how the environmental movement and the legacy media have been falsely presenting the Vancouver-based environmental lobby group, Coastal First Nations, as though it is some sort of official representative voice for all First Nations governments from Western B.C. Furthermore, neither environmentalists nor the traditional media acknowledge that many First Nations are actively involved in the oil industry and support the new pipeline proposal.
We can expect to see a lot more flagrant misinformation passing for news in 2026.
Insanity by the Sea
Then we have B.C. premier, David Eby, the poster child for the failure of the Team Canada approach to ensuring Canada successfully navigates the challenges presented by the Trump tariffs. Eby’s sense of team spirit does not extend to allowing neighbouring provinces to export commodities like oil through British Columbia.
No surprise, Mark Carney has proven loathe to publicly criticize Eby for his unCanadian obstruction.
The B.C. government is hostage to the minority of voters who constitute Eby’s base of support—the lunatic fringe of anti-development environmental zealots who back the NDP.
Eby fumes over the possibility of a pipeline being built. Yet he remains mute over bad legislation and hyper-woke courts that threaten the status of non-Indigenous land titles in his province. His priorities are clearly shaped by fear of being removed as NDP leader and/or losing the next provincial election.
Hopes for the election of a sane government are frustrated by division and disarray among B.C. Conservatives.
Steven Guilbeault Will Rise Again
Here’s another troubling prediction for 2026. Steven Guilbeault will take a leadership role in the movement to shred the MOU. Guilbeault and his fellow environmental crusaders intend to force the Liberal government to recant and return to the more rigidly orthodox green agenda Mark Carney supported before becoming prime minister.
It will up to Canadians who truly think “Team Canada” to overcome yet even more challenges in 2026. In the meantime, investors will continue to take their energy opportunities and money elsewhere.
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