In October, one of the Business Council of Alberta’s founding members and Board Vice-Chair, Mac Van Wielingen, presented a new and bold vision for the energy industry going forward to delegates at the Economic of Canada’s event, Canadian Energy: A New Vision Emerging.
We have a significant opportunity to lead the world in the transition to a low-carbon future, all while reducing emissions, growing the economy and encouraging innovation. In fact, we are already doing it. Consider these examples from Canadian energy producers:
- MEG and CNRL (Canada’s largest producer of oil and gas) have pledged to achieve net-zero emissions in their production
- Suncor just announced two co-generation power units that will produce as much benefit as removing 550,000 cars from the road
- Oil sands emissions intensity has dropped by 30% in the past two decades, with many operations producing emissions lower than the global production average
- Canada’s oil and gas industry is the nation’s largest investor in renewable energy with Enbridge having invested over $8 billion in renewables and more in emissions reductions and methane capture
- TC Energy is pursuing a groundbreaking utility-scale solar-plus-battery-storage electricity generation facility to demonstrate the practicality of renewable generation and viability of long duration battery storage
- Power producers and distributors like ATCO and TransAlta are working hard to reduce emissions through the phase-out of coal to increased natural gas and renewable power
If you missed the live stream of the event, please take a few minutes to watch this replay video. The presentation begins at minute 53:00.
We believe that this is an important message for not only our global partners, investors, and business leaders but also for us, as Canadians and Albertans.
To learn more about Mac Van Wielingen’s research on Canada’s energy leadership opportunity, download the full report.