2023 BMO-CAPP Energy Symposium Investor Conference Opening Remarks
April 5, 2023 - It gives me great pleasure to welcome you to the BMO Capital Markets and CAPP Energy Symposium.
UNDRIP
The United Nations Declaration on the Rights of Indigenous Peoples (UNDRIP) was adopted by the United Nations General Assembly in September 2007. UNDRIP consists of 46 articles that relate to the rights of Indigenous peoples around the world. The document establishes a universal framework to enshrine the individual and collective rights that constitute the minimum […]
Innovation
Canada’s oil and natural gas industry is committed to leadership in environmental performance and is actively working to reduce environmental impacts through project design, operating facilities efficiently and safely, and continually investing in research, innovation and technology.
Drought Preparedness
In 2024, parts of Western Canada are experiencing severe drought conditions and low water levels. Drought impacts are evident in some oil and natural gas operating areas, which may impact industrial access to fresh water. Oil and natural gas companies normally divert fresh surface water during periods of high flow (spring freshet) and store the […]
Fishing Industry
Canada’s offshore oil and natural gas industry works to develop collaborative relationships with the fishing industry.
Offshore
About 4% of Canada’s oil production comes from four developments offshore Newfoundland and Labrador: Hibernia, Terra Nova, White Rose, and Hebron. (Source: Canadian Energy Regulator) One offshore project is in development – West White Rose. There is potential for future development from other discoveries in the area. Bay du Nord, for example, is an offshore […]
Climate Change
Canada's oil and gas industry has proven it can grow production while lowering emissions.
Land Reclamation
Returning land disturbed by energy production to a natural state is called “reclamation.”
CAPP Projects Upstream Oil and Natural Gas Investment Will Reach $40 Billion in 2023
The Canadian Association of Petroleum Producers (CAPP) is forecasting oil and natural gas investment in upstream production will hit $40.0 billion in 2023, surpassing pre-Covid investment levels.