Alberta’s oil and gas sector has been hit hard by the turmoil of the last 5 years. Crashing oil prices in 2015 and 2018, the blocking of pipeline expansions, a financial forecast that never materialized. A significant investment exodus from Canada is already underway, especially in Alberta’s fossil fuel industry, and with it a risk of eroding human capital. This is why the Energy Futures Policy Collaborative (EFPC), a two-year, multi-organization partnership stewarded by the Energy Futures Lab, is aiming to help policy leaders build better visions, establish bridges across seemingly divided camps, and — most critically — enable the development of policy signals that can reignite investor engagement/confidence in Alberta’s hydrocarbon resources, assets, and expertise. Together, a group of experts in technology, sustainable finance, policy, climate science, and energy transitions are working to answer the following question: How might Alberta leverage its existing hydrocarbon resources, assets, and expertise to build the clean economy of the future? This question is a growing imperative for a sector and industry historically at the heart of Canada’s economy, but which is now facing prevalent sustainability challenges and fast-evolving global energy systems and markets.
In this episode, Louisa DeCarlo discusses the EFPC initiative with Keren Perla, Director of the Energy Futures Policy Collaborative, Marla Orenstein, Director of the Natural Resources Centre at Canada West Foundation, and Adam MacKay, Director, Business Development with Fluor Canada. Special thanks to Allan To, Senior Supply Chain Management Leader and Strategic Advisor and Vice President of CHOA, who acted as co-host.
Once again, we would like to thank our sponsor, Fluor Canada Ltd. We are grateful to have such a wonderful company supporting us, thank you Fluor Canada!