In 2016, the Liberal government under Justin Trudeau cancelled the Northern Gateway Pipeline project. The 1,177-kilometre pipeline would have taken 525,000 barrels of oil daily to Kitimat, BC, leading to an estimated $300 billion of economic activity over 30 years.

Regulators approved the pipeline in 2014, but the Federal Court of Appeal ruled that more consultation with First Nations was due under Canadian law. This ruling was an excuse enough for the federal government to cancel it.

The Energy East project would have transported 1.1 million barrels of oil from Alberta and Saskatchewan to Atlantic Canada, a boon for the West and for refineries in New Brunswick. The construction jobs along the 4,500-kilometre route would have also been substantial for the $15.7 billion project.

Despite submitting a thorough 30,000-page application, TC Energy abandoned the project in 2017, citing excessive regulatory hurdles, changing environmental review processes, and a slump in commodity prices. Canada made it so difficult to get anything done that it missed the chance to facilitate tens of billions of dollars per year in potential exports.

By 2019, Bill C-48 forbade oil tankers off the northern BC coast, while C-69 empowered the government to subject more project proposals to cabinet review. Then-premier of Alberta, Jason Kenney, coined C-69, "The No More Pipelines Act," given its foreseeable impact.

In 2020, Teck Resources withdrew a $20.6 billion oil sands mine application, citing federal climate policy and investor pressure as the reasons for its abandonment.

Strangely, upstream (production) and downstream (combustion) carbon emissions are considered in approvals of Canadian energy projects, but do not apply to imports from other countries. The new Clean Fuel Standard also ignores scrutiny of upstream emissions. Federal regulation tilts the playing field against Canada.

These decisions have left Canada unable to respond to a surge in energy demand driven by geopolitical events. Russia's invasion of Ukraine has left many countries scrambling for other sources of liquefied natural gas (LNG), as Europe reduced reliance on Russian gas after 2022. Germany, Japan, Poland, Ukraine, Greece, South Korea, the Philippines, and the EU have expressed interest in Canadian LNG.

Big Oil Ditches Carney's Canada for Socialist Venezuela

Chevron just proved what conservatives have been saying for years: Liberal policies are killing Canada's energy sector while even chaotic Venezuela looks like a better bet for serious investment.

Back in late 2024, Chevron sold off its entire stake in Alberta's Athabasca oil sands and Duvernay shale assets to Canadian Natural Resources for $6.5 billion.

Those are world-class, responsibly developed heavy oil deposits in a stable democracy with tough environmental rules and carbon taxes that punish producers.
Fast forward to April 2026: Chevron inks an asset swap with Venezuela's state oil company PDVSA. They boost their stake in a major Orinoco Belt joint venture to 49 percent and grab development rights to more heavy oil fields. This is the same Venezuela wrecked by two decades of socialist dictatorship, hyperinflation, sanctions, corruption, and economic meltdown.

The message from the market could not be clearer. Big Oil stuck it out in Venezuela through the worst chaos imaginable. But faced with endless red tape, skyrocketing taxes, activist vetoes, and a Prime Minister who talks green while Alberta bleeds jobs, they walked away from Canada anyway.

Mark Carney and the Liberals love to lecture about "low-risk, low-carbon" Canadian oil. Yet capital is voting with its feet: toward a recovering petro-state over a country strangled by its own bureaucracy. Investors want permits in a month and real returns, not endless consultations, wealth-sucking regulations, and virtue-signaling that drives up costs and kills projects.

This is what happens when government treats energy producers like enemies instead of the backbone of the economy. Canada has the resources, the technology, and the rule of law. What it lacks under the current regime is the political will to let the industry thrive.

Time to scrap the anti-oil agenda, cut the red tape, and get pipelines built before more capital flees north for good. Venezuela shouldn't be outcompeting us in our own backyard.

Restaurants Canada estimates show 41 per cent of food service businesses are operating at a loss or just breaking even and 41 per cent of Canadians say they reduced restaurant visits last year because of higher costs.

Canadians are more frugal with how much they spend on eating out, the report said, adding that the softer demand is hitting one of the industry's biggest money makers — alcohol.

While bigger businesses and chain restaurants might be able to weather the storm, smaller independently-owned restaurants might be the hardest hit, the report said.

Canadians need the green light for a new Pipeline to the Pacific, FAST.

This would generate $30 BILLION every year for Canada's economy.

Allowing Canadian energy to reach new global customers at a time when the U.S. can easily replace our oil with Venezuelan oil is essential for our country's economic survival.

But the Carney Liberals will never let that happen.

A new report to Parliament says young Canadians are facing such severe financial pressure that more than one‑quarter are skipping meals to get by, a sign of what Food Banks Canada calls a growing crisis in youth economic security.

The organization told the Commons human resources committee that 28% of young adults reported going without a meal because they lacked money, while 20% relied on free food from community groups — nearly double the rate seen in the general population.

And this is food for thought.

Quote from: Herman on January 04, 2026, 08:55:08 PM

The main reason I left Canada is because it's a Venezuela wannabe country.

Quote from: Herman on January 04, 2026, 08:55:08 PM

When cucknadians elect a maduro and invite commies in, expect America to kill all your leaders.

Canadians are worried about the future.
A clear majority say today's decisions will impact generations to come.

Canadians OVERWHELMINGLY believe that our elites don't care about ordinary people. Are you with the vast majority of Canadians on this?

Quote from: JOE on December 20, 2025, 10:12:33 PMIt's supposed to get worse for the Middle Class worldwide in 2026....@DKG!

Not jes Canada. States n' Europe too

Just a few of the richest countries like Norway, Switzerland, Singapore and some of the wealthiest Arab Gulf states may stave off a depreciation of their living standards next year.

Don't say I didn't warn ya!

Sugarplum, remember I explained to you after you performed oral sex on me this morning that comparing Canada's descent from one of the best countries in the world to a slowing global economy is an apples to oranges comparison.

As I have told you during our pillow talks, Canada has fallen from a top ten country to around thirty in ten short years. It has been by the governing Liberals design and not due to any temporary slowing of the global economy.

Do you understand the difference now between economic cycles and a planned decline Sweetie or do you need to get on your knees first?

Quote from: DKG on December 21, 2025, 09:51:28 AMThe federal Liberals' obsession comes from the WEF not from Canadian voters. It is at the root of our rapid decline.

That is your problem. I don't care if you cannot afford food. I was elected to make my company and it's American investors more money.