Canada's energy sector is world-class in scale and has world leading capabilities, but it is being progressively hampered by political, legal and regulatory processes, and hostile activism. There is no fundamental justification for the damage we have done to ourselves. The common explanations come wrapped in concern and criticism about our energy sector's environmental, social, and governance (ESG) standards.
The problem is not what most believe. The problem isn't actual environmental performance or that the industry denies climate change. The problem is misinformation and misunderstandings, a failure to grasp actual realities, an unwillingness to collaborate among ourselves, and a lack of confidence and visionary leadership.
This past spring, Mac Van Wielingen testified to the Senate Committees on Bills C-69 and C-48. The testimony submitted was intensely research-driven, and provided both committees with substantial evidence of progress and performance in Canada's energy sector.
The sector is world-class in scale – in its resource base, technical, and managerial capabilities – and it is the largest sub-sector of the Canadian economy, but it is being progressively hampered, if not dismantled, by “made-in-Canada” political, legal, and regulatory processes. Investment confidence and interest within public and private markets, as well as within the corporate sector, have collapsed. There is no fundamental justification for the damage we have done to ourselves.
To read the complete submission or download the pdf, click below.
What is needed in Canada is visionary leadership grounded in boldness, collaboration, and evidence-based pragmatism. The essence of the vision emerging can be encapsulated as follows:
Our customers – the public – want affordability, reliability, and low carbon, high Environmental, Social and Governance (ESG) standards, and an industry that is innovating and advancing to solve problems and meet needs. This vision of the “best barrel” – the “best energy products” – implicitly embraces the interests of our customers, the public, and all stakeholders.
To learn more, check out viewpointgroup.ca/energy-leadership or click below.