Elephants in the room…

Premier Smith & Prime Minister Carney appear to tussle in the elephant room.

https://www.nationalobserver.com/2025/11/27/opinion/method-mark-carney-madness

The method to Mark Carney’s madness

‘This MOU strikes me as one giant wink to the climate community — one that commits Ottawa to supporting an oil pipeline Carney knows will never get built. 

That’s because Smith and whoever steps up as its proponent will still need to negotiate with impacted First Nations.

They would have to negotiate with BC Premier David Eby, who will be looking ahead to the next election and the prospect of rallying his base around fighting back against another Alberta oil pipeline.

And, most importantly, they will have to convince the oil and gas industry to invest in the sort of high-cost growth projects that would be needed to fill the pipeline. 

That isn’t going to happen.

Court Painter’s pictorial rendering of the reasons an oil pipeline will not get built.

The oil and gas industry may have deliberately cultivated a reputation for itself as a place defined by risk-taking and swagger, but today’s oil and gas sector is run by glorified spreadsheet jockeys who consistently shy away from even the smallest quantum of uncertainty.

And while they might support the political ambitions of Premier Smith and the UCP, but they have a legal fiduciary duty to their shareholders — one that requires them to seriously assess the prospect of things like peak oil demand and its impact on any new projects they might want to build. 

The MOU, then, is textbook Carney. By telling a political adversary what they wanted to hear, he’s gotten them to agree to something he needs.

A white elephant

For a guy who wasn’t supposed to be a natural politician, he’s turning out to be pretty good at it — better, even, than the one he replaced. ‘

Alberta Premier Smith strikes a triumphant pose over a smiling PM. Carney

Court Painter resting after his prodigious pachyderm painting production.