Investor interest in Alberta going ‘nuclear’ over Carney’s messaging

[upbeat music] [clapping] It was a day for applause and smiles in Calgary recently as Alberta Premier Danielle Smith welcomed Prime Minister Mark Carney to the oil capital of Canada to talk about their next step forward, how to expand on the memorandum of understanding from last fall, and potentially, but not surely yet, move forward on a pipeline.

Premier Smith was excited to announce that within eighteen months she could have a full answer.

And hello.

Today is a good day for Alberta, and it's a good day for Canada.

It's an honor to be here with Prime Minister Mark Carney to announce a major step forward in unlocking the enormous potential of Canadian energy.

And I'm happy to share with Albertans that we'll be signing an agreement today that clearly sets out a pathway to the construction of a new oil pipeline to Asian markets, commencing as early as September first, twenty twenty-seven.

And Prime Minister Carney was saying that this was about trust.

We're building trust of investors, that Alberta and Canada are reliable and attractive destinations where opportunities are plentiful, the rules are clear, and one project means one review.

The trust of Asian countries who want our energy because they know that we are a s-safe, stable, reliable partner in a world that is anything but.

Hello, and welcome to the Full Comment Podcast.

My name is Brian Lilley, your host.

And today, well, what does this deal actually mean for the oil patch? There's some excitement, there is some skepticism.

There's lots of questions that remain to be answered.