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When market participants meet at this year’s ASC Connect, energy security will likely be a part of the conversation.
Nations around the world are working hard to keep the lights on, and many people are wondering how they’re going to heat their homes now that oil exports have been cut off from Russia, the world’s largest exporter of oil to global markets.
“Canada’s energy industry has an opportunity to be at the forefront of solutions,” says Stan Magidson, Chair and CEO of the Alberta Securities Commission (ASC). “Our industry has been investing millions into creating new technologies and making their operations more green. And at ASC Connect we’ll get to discuss this and more.”
Magidson and other business leaders will meet on Oct. 13, at ASC Connect 2022 a half-day, free virtual conference hosted by the ASC for market participants to meet and discuss critical issues and evolving trends affecting Alberta’s capital market. Attendees typically include c-suite executives, small business owners, entrepreneurs, corporate lawyers, brokers, advisors, investors and other industry experts.
Magidson will moderate a panel at the event called: “Defining Alberta’s future”, where panellists will discuss how to co-create a competitive, inclusive, and sustainable economy in Alberta.
Joining Magidson on the panel is Lisa Baiton, president and CEO of the Canadian Association of Petroleum Producers (CAPP).
The newly appointed Baiton became the CEO of CAPP, the voice of Canada’s upstream oil and natural gas industry, less than six months ago. This will be the first chance for many attendees to hear her speak.
“Having a voice from our largest industry is really important,” says Magidson. “You can’t get to net zero without everybody being part of the journey.”
Also joining Baiton in the discussion on defining Alberta’s future is Adam Legge, president of the Business Council of Alberta. Legge will talk about the council’s new report, which charts a 10-year economic strategy for the province. Define the Decade: Building Alberta’s Future – Together outlines a reimagined and inspirational vision for Alberta’s future, identifying three areas for economic expansion: sustainable and healthy food; low-carbon energy solutions; and medical and wellness advancements.
Evan Siddall, CEO of AIMCo, the Alberta Investment Management Corporation (AIMCo) will also join the conversation and share his thoughts on investment opportunities for Alberta and how its new offices will play a role in advancing Alberta’s economy.
The AIMCo chief executive recently told the Globe and Mail that the organization is not making a net-zero commitment, nor will it sell off fossil-fuel producers. In that interview, Siddall said he believed that transforming the oil and gas industry could be “the investment opportunity of our generation at a place, at a time when there are few of them.”
Overall, Magidson says the biggest takeaway he hopes participants get from the panel discussion is “a willingness to collaborate and play an active role in defining Alberta’s future.”
You can register to attend ASC Connect free of charge here, at the ASC Connect 2022 registration website.
