Michael Bernstein, CEO of “Clean Prosperity” (as impossible as decarbonizing tarsands), praises super polluting, racist, Canada-dividing and betraying MOU between separatist Danielle Smith and con man Carney, which serves mostly Amerikkkan rich. “Respectfully,” you are wrong Mr. Bernstein, and Steven Guilbeault is correct.

@climateinstitute.bsky.social‬:

Just one week after signing an MOU with the federal govt agreeing to strengthen industrial carbon pricing, Alberta has changed its regulations, making the agreement harder to achieve.

Read our full statement from Principal Economist @enveco.bsky.social:

climateinstitute.ca/news/alberta…

Just one week after signing an MOU with the federal govt agreeing to strengthen industrial carbon pricing, Alberta has changed its regulations, making the agreement harder to achieve. Read our full statement from Principal Economist @enveco.bsky.social ⬇️climateinstitute.ca/news/alberta…

Canadian Climate Institute (@climateinstitute.bsky.social) 2025-12-05T13:01:12.234Z

@charlieangus104.bsky.social‬:

PM Carney subsidizes Big Oil to pump carbon to increase production.
He walks back greenwashing rules allowing Big Oil to lie.
He cuts a deal on planet killing methane.
Now his team is walking.
The CEO isn’t smartest guy in the room when it comes to a burning planet.
www.thestar.com/politics/fed…

I sat on the committee pushing for action on methane. The companies received millions in public financing to deal with it. Now they are being given extensions. They are making massive profits and methane is a planet killer.

PM Carney subsidizes Big Oil to pump carbon to increase production.He walks back greenwashing rules allowing Big Oil to lie.He cuts a deal on planet killing methane.Now his team is walking. The CEO isn't smartest guy in the room when it comes to a burning planet.www.thestar.com/politics/fed…

Charlie Angus (@charlieangus104.bsky.social) 2025-12-05T00:54:55.201Z

@leeram.bsky.social‬:

The guy is obviously compromised. I was certainly duped.

@pablozi.bsky.social‬:

The smoke in the air every summer is my child’s future burning up. I blame politicians like him. And I am so angry.

‪@jimdc.bsky.social‬:

He may not only be shredding any hope of meeting climate goals, he may be helping the sociopathic billionaire class to demolish any hope of the human race developing the traits of wisdom and moral courage needed to thrive or even survive on this planet.

@jvipondmd.bsky.social‬:

This resignation is worth noting.

@simondonner.bsky.social is a man of impeccable integrity. If he is saying the process, and the politics, is compromised and broken, that does not bode well for climate action in Carney’s Canada. www.theenergymix.com/breaking-don…

@christyceeck.bsky.social‬:

“When the agreement came out someone texted me saying, ‘The only thing missing from the agreement is Pierre Poilievre’s signature,’ and I went yeah, I think that sums it up,” he said.”

@woodsideful.bsky.social‬:

In @stevenguilbeault.bsky.social’s first English-media interview since resigning over the pipeline MOU with Alberta, the former cabinet minister said the government isn’t being honest with the public and is betraying its commitments.

In @stevenguilbeault.bsky.social’s first English-media interview since resigning over the pipeline MOU with Alberta, the former cabinet minister said the government isn’t being honest with the public and is betraying its commitments.

John Woodside (@woodsideful.bsky.social) 2025-12-03T14:28:59.506Z

‪@aster-verite.bsky.social‬:

100% true. The LPC’s standard operating procedure is to BS the public.Ya, just like Michael Bernstein is doing in his piece below.

Not two days after signing the MOU @mark-carney.bsky.social has already demonstrated what a sham his idea of working closely with Indigenous Peoples means.

No one reads the language, but if you do, the MOU makes it clear that the intention is to ram through a pipeline despite any opposition.I read the MOU a few times, it’s dreadful and reads like Trump and Encana/Ovintiv’s lawyers wrote it.

The language is plain and clearly signals to those at the table that the parties will meet their agreed mandatory obligation regardless of outside concerns.

“At this pivotal global moment, Canada and Alberta, working closely with Indigenous Peoples and industry, must work together cooperatively, and within their respective jurisdictions, to foster the conditions necessary for infrastructure, including pipelines…”

In a legal context, “must” signifies an absolute and non-negotiable obligation, requiring an action to be performed without exception. It is used to impose a mandatory duty on a party, similar to the traditional legal term “shall.”

The language and MOU places an obligation on Carney to continually meet with Indigenous Leaders, seeking to negotiate an agreement that only permits pipelines and other infrastructure. The MOU does not permit Carney to take “No” for an answer.

It’s called bad faith negotiation.

This clause is BS…

“Providing meaningful opportunity for Indigenous rightsholders to participate in consultation processes…. “

Meaningful opportunity to participate in consultation does not equal the right to decline to accept pipelines… It merely means the opportunity to sit and have

Meaningful opportunity to participate in consultation merely means the opportunity to sit and have Danielle Smith and her minions talk down to you, and have Mark Carney spew patriarchal imperialist BS at you.

Meaning, they get to participate in capitalism in a tiny way, and be the victims of corporate psychopathy and Imperialism.

“Construction of one or more private sector constructed and financed pipelines, with Indigenous Peoples co-ownership… “

Not consent… forced participation. Betcha they even appoint a federal trustee to manage Indigenous People’s monies on their behalf.

I stand with Indigenous Peoples and insist Canada respect their rights and protect their natural resources from the harm of continuing and expanded fossil fuel extraction, transportation, export and use.

https://bsky.app/profile/tryangregory.bsky.social/post/3m74s4fxytk2r

@tryangregory.bsky.social‬:

I’ll tell you which side I’m on. Hint: it’s not a disengenuous PM, Alberta separatists, or fossil fuel corporations.

sashafury.blackskycomra.de‬:

Unsurprising that the Liberals are justifying not taking no for an answer by insisting on the supposed national emergency.There is no fucking emergency. Carney is fabricating it, to serve polluting companies and his vulgar excessively rich racist pals in Nazi USA.

Anything becomes justifiable when you pin everything on the “national good.”

https://bsky.app/profile/tryangregory.bsky.social/post/3m74ixo7f5226

@tryangregory.bsky.social‬:

“A stunning betrayal of federal commitments on climate change and Indigenous rights”

www.greenpeace.org/canada/en/st…

Carney: "We're going to do this!"AFN: "Don't do it."Carney: "We can't do this without you!"The Prime Minister really needs to listen at this particular moment.www.theglobeandmail.com/politics/art…

Stewart Prest (@stewartprest.ca) 2025-12-03T03:12:24.082Z

@stewartprest.ca‬:

Carney: “We’re going to do this!”
AFN: “Don’t do it.”
Carney: “We can’t do this without you!”

The Prime Minister really needs to listen at this particular moment.He’s an ego over loaded arrogant racist misogynist, he doesn’t listen to any ordinary persons, certainly not non white male, and he does not give a shit about Canada, Canadians, or earth’s ability to sustain life. And he has 4 fucking kids.

www.theglobeandmail.com/politics/art…

@savingdemocracy101.bsky.social‬:

So profoundly disappointed in Carney and this push for environmental destruction and ignoring FN treaties and rights. WTF is he thinking? All this to appease the Maple Magats in HelburDUH??? No, Carney did the MOU to appease the Nazi kid raping Trump Regime and the rich If we wanted reckless oil pollution, we would have voted for Jeff…….FFS. #DoBetter #FuckHelburDUH

@BladeoftheS:

In the 1960s more than 40% of the money you spent went straight back to Government, everything spent on Water, Oil, Gas, Coal, Electricity, Social Housing, Telecoms, Steel, Ships…

That’s why there is no money

PS Carney is more extreme viciously racist cruel misogynist right wing than even Herr Harper

Carney offers 20th-century responses to 21st-century challenges, Both people and the planet are largely missing from the Carney budget. Instead, the government seems to be following the old Bill Clinton maxim: ‘It’s the economy, stupid’ by Trevor Hancock, Nov 16, 2025, Times Colonist

It is said that, during the First World War, French prime minister Georges Clemenceau remarked that generals always prepare to fight the last war.

Regrettably, it seems that this also applies to governments trying to manage our society. That seems evident from the Carney budget and his overall agenda, which propose a set of approaches more suited to the 19th and 20th centuries than to the new realities of the 21st century, focusing on infrastructure projects.

As Ecojustice lawyer Melissa Gorrie and I pointed out in a recent article in the Hill Times, “this government’s old-school idea of nation-building is focused on new infrastructure, as if Canada is just a construction company, not a society. But a nation is much more than a collection of infrastructure projects.”

We suggested that if Carney really wants a nation-building project, he should consider the task of making Canada a well-being society.

Such a society, according to the World Health Organization’s Geneva Charter for Well-being, is one that is “committed to achieving equitable health now and for future generations without breaching ecological limits.”

That focus on people and planet seems to me to be both a simple and profound statement of what should be the central purpose of government and the broader task of societal governance.

As Dr. Theresa Tam noted in her final report before stepping down as Canada’s chief public health officer: “Well-being is gaining momentum globally as a shared policy goal and approach, focused on creating the conditions for current and future generations to thrive on a healthy planet.”

Yet both people and the planet are largely missing from the Carney budget. Instead, the government seems to be following the old Bill Clinton maxim: “It’s the economy, stupid.”

I suppose if you hire an economist — a central banker, no less — as your prime minister, that’s what you should expect to get. But at this time of multiple crises, it’s not what is needed.

With respect to people, the Maytree Foundation, an organization “committed to advancing systemic solutions to poverty and strengthening civic communities,” noted in its analysis of the budget:

“The missing ingredient in the government’s nation-building recipe is people, especially those who live on low incomes and who continue to struggle with the high cost of living.”

Moreover, their analysis continued, “we had hoped the federal budget would acknowledge the growing crises of poverty, homelessness, food insecurity, and inequality, seeing them not just as social challenges, but as economic liabilities that undermine both productivity and cohesion.”

Sadly, that is not the case, leaving Maytree to express the hope that as the government “finds its footing,” it will come to realise that “for a true ‘Canada Strong’ approach, the government needs to start seeing social programs as nation-building projects worth investing in.”

This is exemplified by Mr. Carney’s mandate letter to his cabinet in May.

In it, he identifies “a series of crises” Canada faces without once even mentioning the environment or the planet. He then outlines an agenda for his government that focuses on the economy, while climate change gets a brush-off reference towards the end: “We will fight climate change.”

So here we are, in the week in which COP30 opens in Brazil, amidst record-breaking global temperature increases, increasing and accelerating greenhouse gas emissions and record storms and wildfires, and Canada is backing away from Mr. Carney’s expressed commitment to fight climate change.

In an article in Canada’s National Observer, Hadrian Mertins-Kirkwood, a senior researcher with the Canadian Centre for Policy Alternatives, wrote:

“In many respects, this is the most harmful budget from a climate perspective since the Harper era.”

At a time when we face not just ecological but serious social and technological challenges, the last thing we need is a 19th-century set of solutions aimed at infrastructure and more growth in extraction and consumption. Our 21st-century challenges need 21st-century solutions, but Canada’s political establishment — Liberal, Conservative and NDP alike — seems incapable of responding appropriately.

email hidden; JavaScript is required

Dr. Trevor Hancock is a retired professor and senior scholar at the University of Victoria’s School of Public Health and Social Policy.

“Hell Is Here.”Hundreds of thousands of species are already gone.Millions more are in the extinction pipeline.Sophia Pineda Ochoa’s new documentary “Greenwashed” exposes that truth with rare honesty.youtu.be/XjWUKFUaoL4?…

Lyle Lewis (@race2extinct.bsky.social) 2025-11-26T05:00:00.569Z

@race2extinct.bsky.social‬:

“Hell Is Here.” Hundreds of thousands of species are already gone. Millions more are in the extinction pipeline. Sophia Pineda Ochoa’s new documentary “Greenwashed” exposes that truth with rare honesty. youtu.be/XjWUKFUaoL4?…

Burned: The Price of Oil

In this limited podcast series from Oil Change International, host Shady Khalil pulls back the curtain on the true cost of fossil fuels and the villains blocking climate action.including Mark Carney, his entire party, and Michael Bernstein and all the other propagandists enabling polluters and misleading/lying to the public

Through candid conversations with global climate leaders, the podcast explores the damage caused by fossil fuels, the obstacles in our path, and how people-powered movements are forging the path towards  a just and equitable transition that leaves no one behind.Carney leaves everyone behind, notably Indigenous, in his lust to help the rich rape Canada more than ever before. In my view, Carney is much more evil and harmful than Harper.

From the frontlines of the climate crisis to the global halls of power, we look at the political, economic, and people-powered battles shaping our future. This is not just a fight about climate and carbon, it’s a fight for people and justice. Together we can create the livable future we deserve.

@lightsoutforbirds.bsky.social‬:

“The planet isn’t an ATM machine where we can go & just keep taking withdrawals & withdrawals. The planet isn’t that kind of machine, & yet we treat it like that. In fact, when we make deposits, what we’re putting back into the machine is often damaging, poison, toxic & life threatening”

12th Hour | Climate Change Documentary | Full Movie 54:04 Min by Stash Movies

Alberta-Ottawa MOU is a climate breakthrough, despite Steven Guilbeault’s misplaced outrage by Michael Bernstein, Special to The Globe and Mail, Dec 3, 2025

Michael Bernstein is president and chief executive of Clean Prosperity.

The memorandum of understanding signed last week between the federal and Alberta governments was promptly attacked by climate advocates as a betrayal of climate action in Canada.

Chief among them was MP Steven Guilbeault, formerly a Trudeau-era environment minister, who called the deal a “serious mistake” and resigned from cabinet.

Respectfully, critics of the agreement are wrong. The historic announcement is actually a potential breakthrough for decarbonization.

Canada’s progress on emissions reduction was stuck in a ditch, and the Ottawa-Alberta “grand bargain” just put it back on the road.Bull shit. It’s impossible to “decarbonize” Alberta’s tarsands or frac’ing, mostly raped out by greedy foreign companies that don’t give a shit for public health, Indigenous communities and others,, air, land, water, wildlife, fish or truth. Carbon capture is a grand con job which corrupt politicians like Smith and Carney use to steal billions from the citizenry to give to rich polluters to pipeline CO2, putting all nearby communities and life along the RoW at serious risk, to massive stupid facilities to then reinject industry’s pollution to recovery more polluting shit. Carbon Capture in Smith-Carney’s MOU will make more pollution, not reduce it. The earth and all life on it, has limits, humans are fast destroying everything, and destroying our livable climate; propagandizing for polluters like you are doing, needs to be criminalized along with frac’ing and the tarsands.

That’s because the former stack of federal climate policies wasn’t working. Those policies became a Jenga tower of overlapping and uninvestable regulation that was destined to topple.

What’s worse is that policies such as the oil and gas emissions cap and Clean Electricity Regulations inflamed tensions with Western Canada. The result was political gridlock and little in the way of emissions reductions.Well, Alberta is an American-controlled Repuglican shit hole. It’ll never appropriately clean up it’s greedy insane pollution of everything, certainly not with Carney’s dastardly MOU which will make the pollution and harms to impacted communities and wildlife much worse. Tarshitters still haven’t cleaned up their massive toxic waste lakes. Allowing them to increase production with this cruel MOU is anti-life

Advocates suggest that the federal government should just impose its climate regulations on Alberta and other provinces, whether they are on-board or not. But some regulations, including those on clean electricity, for example, need to be in place for years to have their intended impact. With Alberta dead set against them, those rules were unlikely to last.

Fossil fuel pollution (and wildfire smoke) harms brains. “The higher the exposure to PM2.5, the greater the extent of Alzheimer’s disease.” PM2.5 is “easily inhaled, the particles enter the bloodstream and circulate through the body; they can also travel directly from the nose to the brain.”

Carney’s traitorous MOU with mega polluter Repuglican worshipping Danielle Smith deregulates the extremely polluting toxic health-harming and water-destroying frac industry. Above photos by FrackingCanada show “regulated” frac’ers spewing secret frac sauce

Instead, this MOU takes a smarter approach, relying on a policy that originated in Alberta and has the potential to attract support across regional and party lines: industrial carbon pricing.

Carbon pricing can do more at a lower cost than any other policy option to reduce Canada’s emissions – if we get the details right. So far, we’ve struggled.

What convinces me this time is different is that the MOU lays out proposed solutions to two key problems that are holding carbon pricing back. If Ottawa and Alberta turn their plans into reality, it could make the deal a watershed moment for decarbonization.There is no such fucking thing for Alberta’s shit tarsands! The MOU will dramatically increase carbon pollution, not reduce it. The Rich never pay for their pollution and or crimes. Never. Stop with this evil propagandizing.

The first problem: While the headline carbon price is $95 a tonne, what really matters is the price of carbon credits. Companies earn them for reducing their emissions and sell them to other emitters. In Alberta, those credits are trading at around $20, because the market is oversupplied. There’s not enough juice to convince firms that big investments in decarbonization will be economic.

That was until last week. The federal and Alberta governments have agreed to reform the carbon market to increase credit prices – not the largely symbolic headline price – to at least $130 a tonne.That will not reduce pollution! FFS

That can deliver both climate and economic benefits. At credit prices between $130 and $150, the Alberta carbon market can unlock $90-billion in low-carbon capital investment and reduce 70 megatonnes of annual emissions within the province, according to forthcoming research from my organization, Clean Prosperity.Fucking Bullshit! I wouldn’t trust a thing produced or analyzed from/by your organization. Anyone pimping impossible “decarbonization” is not trustworthyThat’s more than triple the emissions that would have been reduced in Alberta by the Clean Electricity Regulations that were suspended in the MOU. Carbon pricing also slashes those emissions at a much lower cost to Albertans.The MOU will cost Canadians, including Albertans, masses more in costs. Carney wants to make the citizenry pay for required consultation with Indigenous and make BC gov’t do the consulting, which is disgusting. Carbon capture and the 400 km pipeline will cost billions of dollars that I bet Carney will force ordinary and poor Canadians to pay. He’s already slashed in half the promised housing to be built, and I expect he’ll keep slashing that, until no housing gets built, except the massive con job that is the carbon capture part of the MOU.

The second problem: In order to make multibillion-dollar decarbonization investments that span decades, investors have to believe that carbon pricing is going to stick around. Until now, they haven’t.Pricing will not reduce pollution! The only thing that reduces pollution is to stop making more human offspring, and stopping fossil fuel exploration, production, and burning.

That’s why the linchpin of this agreement’s climate commitments is the “financial mechanism” that Alberta and Ottawa have agreed to adopt as a guarantee to investors that they will maintain their commitments to strong carbon markets over the long term.Hot air. Corrupt Conservative Politico Hot Air! Besides, life on earth doesn’t have decades. Tarsands needs to be stopped and cleaned up now, other fossil fuels dramatically reduced. Investors are fickle and as untrustworthy are you and your NGO.

This is the first time we’ve seen two orders of governments jointly offer to put their money where their mouths are to guarantee the durability of carbon pricing policy. It’s potentially a game changerbut knowing how corrupt and evil Carney, Smith and their Nazi Amerikkkan oil and gas industry overlords are, it’s a big propagandizing fart to let companies increase pollution, sickening communities and wildlife, and profit-raping in return for money and more money.

Prime Minister Mark Carney sayshis word means nothing – he’s a fraud, a traitor, a liar, and even worse, he’s intelligent so he fucking knows he’s betraying the future and all Canadians except for grubby polluters and their enablers a memorandum of understanding with Alberta strengthens federal-provincial collaboration in the energy sector. Calgary business leadersmost if not all of them are greedy fucks with no regard for public health, environment, water, fair resource extraction, etc., they’re just interested in money and more of it for nothing responded to his speech with a standing ovationwhich proves to me how dreadful and traitorous the MOU is, while one environmentalist says the deal throws the climate ‘under the bus.’

A financial mechanism to increase certainty for industry could take different forms. Carbon contracts for difference are the caviar of carbon-pricing guarantees, and that’s what the federal and Alberta governments should jointly serve up if they want to unlock a massive rush of low-carbon investment. As long as governments follow through on their promises to uphold the system, the contracts are never exercised and cost nothing to taxpayers.Will never happen. Smith and Carney are liars and not to be trusted, they serve the rich and Nazi USA, no one else.

What about the other side of the climate ledger: the new bitumen pipeline proposed in this deal? Climate advocates say it will raise emissions. But the key driver of oil emissions is global demand. I agree with the majority of Canadians who have been telling pollstersalso not trustworthy but regardless, global demand is going down and the key driver of emissions is greed that any incrementaldoubling emissions froma new pipeline would be outweighed by the significant economic and geopolitical benefits it would deliver.Finally, he spews some truth about his NGO! Money runs their mission. FFS. We cannot breath money.

I’m convinced that the best way to ensure that climate policy sticks is to balance it with other urgent public policy priorities: strengthening our economy, diversifying trade and bringing our country together.the fucking MOU destroys Canada, it’s intention, and divides Canadians, you fucking douche.

The federal-Alberta MOU is a bold effort to rise to that challenge. No doubt, Alberta and Ottawa must be held to account for the commitments they’ve made – especially to respect Indigenous rights.!!!!! They violated those rights before they even signed their fucking MOU But naysayers are clinging to a policy regime that could never succeed, and selling short a new approach that can.

Alberta-Ottawa energy deal could unlock billions in low-carbon investment, report says by Emma Graney, Energy reporter, Calgary, Dec 4, 2025, The Globe and Mail

JFRC! Are the polluters and their enablers – the media, ever ramping up the lies and propaganda promoting Nazis Carney & Smith’s horrific polluting lying MOU as something grand via liar propagandist Micheal Bernstein and his shit dishonest synergy NGO, Clean Prosperity (which is impossible)

The energy accord struck between Ottawa and Alberta last week could be a “turning point for decarbonization,” with the potential to attract more than $90-billion in low-carbon capital investment to the province, says the head of a national climate policy organization.

Part of the memorandum of understanding signed last Thursday by Prime Minister Mark Carney and Alberta Premier Danielle Smith lays the groundwork for a new oil pipeline from Alberta to the West Coast. But Michael Bernstein, chief executive of Clean Prosperity, said the agreement is about more than pipelines.

A new analysis from the climate policy think tank found that $90-billion worth of projects could be unlocked through implementing the MOU, cutting more than 70 megatonnes of Alberta’s annual emissions.

The report, released Thursday, was based on in-depth modelling of Alberta’s industrial economy and consultation with experts, industry and policy makers.

“We really do think this could be a turning point for decarbonization,” Mr. Bernstein said in an interview.

“The key is that both sides have to continue to have skin in the game over the long term to make any of these ideas … in the MOU turn into real results and real progress.”

As Clean Prosperity predicted an influx of green investments, Mr. Bernstein’s colleagues at another organization of which he is a member – the Net-Zero Advisory Body (NZAB) – quit in protest of Ottawa’s promotion of new fossil fuel projects and relaxation of climate regulation. NZAB co-chair Simon Donner and adviser Catherine Abreu stepped down from the organization, which was set up by the government in 2021 to provide science-based advice on decarbonization policies.

The prominent climate-action advocates posted resignation letters on their LinkedIn profiles this week, saying that changes in priorities under Mr. Carney as detailed in the MOU and Bill C-5 led them to their decisions. “I was comfortable chairing an appointed body whose advice is considered but ultimately rejected – after all, no one elected us. I was not comfortable with the process becoming neglected or performative, and it had begun to feel that way to me,” Mr. Donner wrote.

Their resignations follow former environment minister Steven Guilbeault’s decision last week to quit the Liberal cabinet in response to the details of the deal between Alberta and Ottawa.

Opinion: Alberta-Ottawa MOU is a climate breakthrough, despite Steven Guilbeault’s misplaced outrage

The lion’s share of the potential investments outlined in the Clean Prosperity report are in the carbon capture, utilization and storage sector. An example is Pathways, a massive proposed CCUS project to transport carbon captured from production in Alberta’s oil sands 400 kilometres away to an underground hub near Cold Lake, Alta., with the aim of reducing emissions by 22 megatonnes a year.

Mr. Carney has said that reducing emissions from the oil sands would be a “necessary condition” to unlocking new pipelines and construction and financing of the Pathways project was specifically mentioned in the MOU.

But Pathways would be a “relatively small component” of the 70 megatonnes in emissions reduction identified by Clean Prosperity, Mr. Bernstein said.

“There are many other projects that have greater value – in terms of investment, job creation, emissions reductions – than Pathways. There is a big opportunity for Alberta here, regardless of whether the Pathways project moves ahead or not.”

Those other projects run the gamut of industrial processes that emit large amounts of carbon dioxide, including chemical and cement plants, refineries and other oil and gas processes.

One of the reasons Mr. Bernstein believes the MOU can draw such huge investments is that it will see the federal and Alberta governments double-down on carbon pricing, which he calls “the most important climate policy that we have at our disposal.”

The agreement outlines specific commitments on that front, including Alberta ramping up its carbon credit price to a minimum of $130 a tonne.

Ottawa’s reversal on enhanced oil recovery a ‘game changer,’ industry leader says

Fleshing out the details of how and when Alberta gets to $130 a tonne will need to be done in tandem with improving the province’s carbon market, he said. In August, credit and offset prices were more than 55 per cent lower than in the same month in 2024, according to an S&P Global Commodity Insights analysis, at $24.50 a tonne.

“Nothing goes forward without significant reform to that market,” Mr. Bernstein said.

Part of that reform could be through a mechanism generally known as carbon contracts for differences orCCfDs, which involves the government taking on revenue risk by prepurchasing or otherwise guaranteeing the value of carbon credits. The contracts essentially act as insurance policies that underpin the carbon pricing system.

Such an insurance policy needs all players who can influence potential payouts to be at the table together, Mr. Bernstein said. That hasn’t yet happened, with the federal government hesitant because Alberta controls the day-to-day carbon credit market, and the province reluctant because of potential costs and federal rules.

Now that both have said they’re willing to work together to provide certainty for investors, he said, there is a good chance to get past some of the previous obstacles on the CCfD file.

With a report from Jeff Jones

***

@amyjanzwood.bsky.social spot on, providing context:"In understanding this deal, we should recall the last time the federal government struck a so-called grand bargain with Alberta."

Jörg Broschek 🇨🇦 (@jbroschek.bsky.social) 2025-12-03T01:53:19.182Z

@jbroschek.bsky.social‬:

@amyjanzwood.bsky.social spot on, providing context:

“In understanding this deal, we should recall the last time the federal government struck a so-called grand bargain with Alberta.”

@markhamhislop.bsky.social‬:

The Carney-Smith deal is a grand concession, not a grand bargain, Guest post by Amy Janzwood, assistant professor of political science at McGill University and the author of “Mega Pipelines, Mega Resistance.” by Markham Hislop, Dec 02, 2025, Thoughtful Energy Journalism

In response to the stunning Carney-Smith Memorandum of Understanding, some have suggested there is a “method to Carney’s madness,” while others have called it a grand betrayal. In understanding this deal, we should recall the last time the federal government struck a so-called grand bargain with Alberta.

In 2018, in exchange for Alberta’s support of the federal climate plan, the federal government agreed to buy the existing Trans Mountain pipeline and plans for the expansion from Kinder Morgan for $4.5 billion. Canadians are now on the hook for a pipeline with loans of$36 billion, and the former federal finance minister Bill Morneau recently admitted that the government was “gamed” by Kinder Morgan.

Just seven years after getting fleeced at the negotiating table, Carney is effectively giving back the policy gains and more from the last bargain in hopes of appeasing SmithI don’t think he’s appeasing Smith, Carney’s a fucking traitor serving polluting oil and gas companies and American rich by massively deregulating for them via his fake MOU, and the separatist base she is “playing footsies” with. Despite the federal government’s disastrous experience with the last pipeline deal, the Prime Minister is now sweetening this bargain with a fresh mega pipeline promise. While it’s unlikely that the federal government would buy another pipeline outright, its willingness to pave the way for Alberta to do so shows just how quickly costly lessons fade in Ottawa.Or, because Carney’s not serving Canadians or Canada!

The market won’t build another oil pipeline to the northwest coast. The economic case for a new oil pipeline is nonexistent and would very likely worsen conditions for the sector.

There remains staunch opposition from many First Nations, who successfully fought and won against Enbridge’s original Northern Gateway. Premier Eby has a strong political incentive to fight this project to a bitter endAre you kidding? He’s already bent his dirty knees publicly saying he’ll support the pipeline if tanker ban kept in place. The only way forward is one of massive subsidization and bulldozing Indigenous rights.

The attempted resurrection of a long-dead pipeline is a dangerous distraction, and it will not bring economic security to Trump-proof the Canadian economy.I do not believe Carney is working to Trump-proof us, he’s intentionally serving Trump with his vicious divisive MOU – a lot of the polluting companies he deregulated for, are mostly American ownedThe deal does nothing to address the structural problems facing the province’s oil sector, including job loss, slower growth, a looming global oil supply glut, and ballooning costs of orphan oil and gas wells. This is a sweetheart deal for Danielle Smith, though it was booed at the recent United Conservative Party (UCP) convention, showing just how difficult (impossible) it is for Smith to placate her base.

The real tragedy is that the Memorandum of Understanding is a death knell for Canada’s climate policy, on which four consecutive federal governments were elected to deliver. Nearly every part of the Trudeau government’s climate plan has been abandoned or undermined, with a ‘Trust Me’ approach instead. But Carney’s finance bros didn’t do their math. Or they did, and happily know the fucking MOU massively increases emissions

This is not a grand bargain. It is a massive capitulation to the UCPand Trump’s Nazi USA with a standing ovation. These concessions, if implemented, not only undermine Canada’s climate goals but also the federal government’s own recently announced Climate Competitiveness Strategy.

Canada has already lost credibility and a cabinet minister. Carney’s deal is a grand concession for which Canadians will have to pay.

Doug:

Capitulation is definitely the word for it, and for what? Loss of support in BC, a cabinet resignation, plus the rest of Carney’s national projects agenda requires First Nation agreement, too, and look at how the AFN is reacting (appropriately so): https://www.cbc.ca/news/indigenous/afn-assembly-major-projects-9.6999182

Carney is risking his entire agenda by capitulating to Danielle Smith. It is dumb politics, terrible energy policy and disastrous for the climate.

The limitations of an economist's output-focused, rational choice approach to politics, premised on the belief that fundamental policy issues can be resolved by realizing material "win-win" benefits for all parties.www.cbc.ca/news/indigen…

Jörg Broschek 🇨🇦 (@jbroschek.bsky.social) 2025-12-02T22:22:04.122Z

Refer also to:

Steven Guilbeault! Take your courage, cross the floor to the NDP, get far away from Smith ‘n Carney’s Quisling Cons. Amir Attaran: “Guilbeault would make an excellent NDP leader. As anyone who heard the others try to speak French would know.”

Thirsty times ahead, as Caveman Canada keeps frac’ing during wide spread extreme drought

Paris: TotalEnergies found guilty of misleading commercial practices. It’s the “first time a fossil fuel major has been punished by the courts for greenwashing” while PM Mark Carney himself lies publicly to cover-up Canada’s tarsands and other fossil fuel pollution, and deregulates to let oil and gas companies lie as the please.

The world loses with Smith & Carney’s MOU; it’s not to build a pipeline, it’s massive deregulation for LNG, frac’ers and tarshitters to divide and conquer Canada for giving us to Nazi USA, and turn greedy stupid white racist humans more hateful against Indigenous, and will increase rapes of women and kids. The MOU is massive theft of the public purse for Carbon Capture (which increases emissions). Carney betrays life and abuses Indigenous to serve Americans, polluters, the rich, Trump and his Nazi Regime, and is going to make taxpayers pay for industry’s requirement to consult with Indigenous! Shantell Powell: “Fuck that guy. What a colonizing dick.”

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