Great to see everyone. Good afternoon.

I know there is a lot going on in Calgary, including the stampede. Some of us are better dressed than others.

Let me start with a quick apology. The weather was biblical in Ottawa last night, which meant I couldn’t make it to Mill Woods, in Edmonton, to celebrate Canada Day.

But I am thrilled to be here in Calgary today to celebrate Canada Strong Day. Three weeks ago, the Premier and I had a discussion. Immediately after this, in France, G7 Leaders called on Canada to provide the reliable energy that the world needs, to realise our full potential as an energy superpower.

This morning, I was in Vancouver, British Columbia, with Premier Eby. We announced a landmark agreement that seizes opportunity through major energy projects, new trade corridors, and critical minerals developments. Projects that will help move Canadian energy to new markets, new partners around the world.

This afternoon, I met with President Marcos Jr. of the Philippines. It is a nation of 120 million people and one of the world’s most rapidly growing emerging markets. And we are on the verge of concluding two major agreements that will increase our bilateral trade by nearly 200% by 2035. And we had a complex and in-depth discussion about opportunities within Canada’s energy sector.

Now, this evening, I am very pleased to join Premier Smith here in Calgary to announce new measures that will unlock Alberta’s energy for the world. These measures will build the strength of our entire country. They will take control of our future. They will bolster our sovereignty.

Today’s announcements – and this is a lowball figure – will catalyse well over $200 billion in direct investments in Canada and create over 175,000 new jobs across the country. And we are just getting started.

These benefits will be shared widely – including with Indigenous Peoples as full partners – and they will create resources for the social programs on which Canadians rely.

This is cooperative federalism at work.

It’s the kind of unity and collaboration that Albertans and Canadians rightly expect.

They expect it on principle, and they expect it because it’s required for Canada to prosper in a rapidly changing world.

Because it is the right response to an energy crisis on three fronts: affordability, security, and climate.

Our allies acknowledge it, and Canadians know it.

You asked for it. We promised it. Now, we are delivering.

Because when we work together, Canada controls its future.

This is a new approach that helps us reach our full potential. One that builds in partnership. Partnership between the federal government and Alberta, British Columbia, and territories. Partnership with Indigenous Peoples. Partnership with the private sector.

One where Indigenous Peoples are full partners in development, in operating, and in equity ownership.

We’ve agreed that the best route for a new pipeline is one that goes through one that already exists: south through the Trans Mountain corridor to our Pacific coast, the gateway to the world’s fastest-growing markets.

We’ve already agreed to reform carbon markets, so they promote real emissions reductions.

We’ve already agreed to substantial methane reductions and to new measures, new incentives and reforms. So that power markets can grow sustainably, affordably, and – this being Alberta – significantly.

The federal government will maintain the tanker ban to protect Canada’s coastlines and precious habitats.

And consistent with the Memorandum of Understanding, as a prerequisite for the pipeline, the Government of Canada, the Government of Alberta, and the five companies in the Oil Sands Alliance have now agreed on the terms to launch the Pathways Project – the world’s largest carbon capture, utilisation, and storage project.

Together with other emissions reduction commitments in the agreement, this project will achieve 16 million tonnes of emissions reductions per year, or the equivalent of taking 90% of the cars in Alberta off the road.

Critically, what we’ve agreed is that the time for action is now.

We will refer the submission for Alberta’s West Coast Pipeline Project proposal immediately to the Major Projects Office. Consultations will begin immediately with Indigenous communities and the relevant provinces and territories to determine listing under theBuilding Canada Actby October 1, 2026, as per our agreement.

This agreement is far more than an arrangement between two governments. It provides the certainty businesses need to invest and build.

Canada and Alberta will be equal partners in this project, and there will be a meaningful ownership stake for Indigenous communities.

The project will also create Indigenous contracting and employment opportunities, alongside funding to strengthen that capacity.

The Trans Mountain Corporation will plan and construct the pipeline. They will work closely with Pembina Pipeline Corporation, who will bring its private-sector expertise and its capital discipline to the construction and operation of the pipeline.

And I’d like to thank Pembina’s President and Chief Executive Officer, Scott Burrows, for his leadership and for his presence.

We are all living through a moment of unprecedented global volatility. Our role as government is to be a catalyst. Part of being a catalyst is to bring greater certainty, to reduce risks facing private capital, so there’s more opportunity and more energy when shovels hit the ground.

Together, the pipeline and Pathways project will create more than 100,000 new, high‑paying jobs in Alberta, in British Columbia, and across the country.

Jobs for Canadian skilled workers, engineers, and technicians.

Real opportunities for Indigenous businesses, contractors, and workers.

We’ve started as we mean to go on.

We will continue to work together.

Albertans, British Columbians, industry, and Indigenous partners at one table, instead of many, to deliver.

The head of the International Energy Agency said a few weeks ago, and repeated it a couple days ago, that Canada has a once in a lifetime opportunity.

An opportunity that will determine our future.

An opportunity that will deliver prosperity that will spread across our country.

Canada and Alberta have what the world wants.

Canada and Alberta are reliable partners in a world that is anything but.

And the initiatives we’re announcing today will build a stronger, more resilient, more sustainable Canada.

A Canada that is worth fighting for, because we are stronger together.

And as today demonstrates, we are building Canada strong for all.