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Highlights from my testimony to the House of Commons’ Standing Committee on Natural Resources - opening statement
00:00
Eric Nuttall
4,009 posts
Eric Nuttall
@ericnuttall
Father of 3, husband, & energy investor. Proponent of the Canadian energy patch & occasional market commentator. bit.ly/2ukaOCr
- "No other oil and gas producer country is doing what we are doing." -Minister Steven Guilbeault Stop for a second and ask...why is that?!? canada.ca/en/environment…
- Can someone explain to me how clearcutting Canadian forests to turn into wood pellets (ie. biomass) to ship to the UK to burn in power plants is ESG friendly, yet Canadian natural gas, produced to the highest environmental standards in the world, is not??? bbc.in/3M1bNKX
- I reiterate, when you are the only oil producing nation on the planet capping your production, perhaps you should stop and ask…”why is that???”
- PM Carney just confirmed that a 4th term Liberal government will NOT repeal Bill C-69 which makes it impossible for another oil pipeline (or major energy project) to ever be built again. It is imperative that we build more pipelines to both coasts to reduce our customer
00:00 - Canada is in economic trouble. Under the Trudeau government GDP per capita is flat, productivity growth is the lowest in the G7, and debt per Canadian is up >35%. To place a de-facto production cap on a sector that = ~15% of the Canadian economy (costing 51,000 fewer jobs and
- Canada could be the richest country in the world if government just got out of the way and let our world-class energy companies get things built again. To do so we must: 🇨🇦 repeal Bill C-69 which prevents any new pipeline/energy project from being built 🇨🇦eliminate the production
- To those wanting to cap Canada's oil production, I ask you this: in a world in which oil demand will in my opinion grow for at least 10 years, where do you want it to come from? Canada, home to the most ethical oil in the world, or Russia, who is bombing innocent people? Choose!
- It’s refreshing to hear such an energy-literate politician, especially when that person is likely to become Canada’s next Prime Minister in the coming months which should lead to the elimination of the Canadian political risk discount in our energy stocks.
00:00 - Make Keystone XL great again 🇨🇦🇺🇸.
- With cruise missiles flying in Ukraine, the US today will still buy ~$62MM of Russian oil. And tomorrow. Is this a "wake up" moment for US energy policy with a safe and reliable neighbour to the North that has the world's 3rd largest oil reserves...time to revisit KXL???
- I’m leaving Qatar impressed at what a country that embraces (and not demonizes) their energy sector can achieve: zero income/sales tax, GDP up 10x in 20 years, amazing infrastructure, and a high standard of living (2.8x more doctors per capita than Canada). Source: Qatar govt.
- I really enjoyed my conversation with @PierrePoilievre on how Canada can build more pipelines, champion our oilsands, meaningfully grow our LNG industry, and remove the perceived political risk discount in our energy stocks.
