13 minute read
A Positive Future for Canadian Oil and Gas
BY CODY BATTERSHILL
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If you weren’t sure whether Canada ought to control its own destiny and take its place among the safest, most innovative, most reliable and successful energy suppliers on the planet, a recent study from life-cycle experts at Stanford, U of Toronto and U of Calgary might help convince you.
Before I get into its details, let’s acknowledge first that the study couldn’t have come at a better time, as the world’s oil and gas sector requires some $2 trillion in global investment by 2030 just to keep up with demand. Canada’s part of that number.
Recent purchases by major refiners point toward strong global demand for Canadian oil, both right now and in future – but we lack sufficient market access. Compare us to Alaska, Texas, Mexico, Venezuela, Nigeria, Russia, Saudi Arabia and many others. They have the access; we don’t.
And while the Trans Mountain pipeline expansion (TMX) will enable Canadian oil to find its way to global markets without discounting every barrel as it passes through the U.S. Gulf Coast, we shouldn’t settle merely for better access. The new study has a terrific story to tell, and we should tell it.
Some of the best life cycle analysts at Stanford, U of C and U of T found upstream oilsands emissions intensities are lower than previously reported – and by a significant amount, from 14 to 35 per cent. The study compared recent data from 2018 to a study based on data from 2015.
Further, the study, which was supported by Alberta Innovates and Emissions Reduction Alberta, found that new technological advancements are projected to reduce upstream emissions from steam-assisted gravity drainage (SAGD) operations even further – by 14 to 19 per cent.
We should be proud of those figures, and of the fact our nation ranks number one out of the world’s top 20 oil reserve holders on environmental, social and governance metrics, and we’re global leaders in sustainable oil and gas production.
But again, these strong numbers on emissions intensities reductions are just part of a bright future. Without access in the form of TMX, Canadians will likely miss out on an extraordinary economic benefit. TMX will help transport valuable, environmentally responsible Canadian oil to global markets, all the while maximizing the price we receive for our resources.
Those benefits flow to every Canadian. How? Consider that between 2000 and 2018, the oil and gas sector contributed nearly $500 billion to government revenues. Today it supports hundreds of thousands of jobs right across the country.
Continually evolving advancements in emissions efficiencies, improved market access and our exceptional ranking on environmental, social and governance leadership point to a promising era for Canadian oil and gas. Let’s ensure it happens.
Congratulations to the
When life happens, it’ s good to know there are more than 18,000 Chartered Insurance Professionals (CIPs) working in the property and casualty insurance industry throughout the country.
CIC Graduates
General Insurance Essentials (GIE) Graduates
Jasmine Allen Wawanesa Mutual Insurance Co. Johana Boakye Sidney Bryant Allstate Insurance Co of Canada Patrick Garrett
Gisan George Kutty Wawanesa Mutual Insurance Laura King Allstate Insurance Co of Canada Peter King Allstate Insurance Co of Canada Ottilie Reimer Allstate Insurance Co of Canada Katalin Serbet Aviva Canada Inc. Davie Wong
Risk Management (RMC) Graduates
Wuraola Afolayan Ashiana Ali Intact Insurance Company Stephen Barton Optiom Inc. Nicole Campbell
Vonnel Chan City of Calgary Michael Hurd Sovereign General Insurance Co. Dat Huynh Charles Taylor Adjusting Komal Khosla Economical Insurance Marijana Krpan Alberta Motor Association Insurance Randeep Lally Northbridge General Insurance Corp. Sisi Lu Intact Insurance Company Jiacheng (John) Luo Intact Insurance Company Khoi Nguyen BFL CANADA Risk and Insurance Inc. Andrew Strack
Cayla Douglas Intact Insurance Company Bojan Ilic Intact Insurance Company Danielle Langlois Arthur J. Gallagher Canada Limited Jody Larson TransCanada Pipeline Ltd. Neil Major Ecclesiastical Insurance Group Aileen McCormack Intact Insurance Company
Beatrice Brown Rogers Insurance Ltd. Amy Findlay Sovereign General Insurance Co. Darren Lohnes Marsh Canada Ltd. Seti Mazaheri Insurance Institute of Southern Alberta Ian Sutherland
Chukwudi Francis Ugona Aviva Canada Inc.
Chartered Insurance Professional (CIP) Graduates
Olasumbo Ajayi Palmer Salmon Insurance Adjoa Annan Allstate Insurance Co of Canada *Humera Ansari TD Insurance Sharmin Bajwa Intact Insurance Company Janet Barriage Premier Insurance Kevin Bartel Desjardin Insurance Linxiao (Lisa) Tu Intact Insurance Company Analie Virtusio Aviva Canada Inc. Daniel Wahba
Christopher Trollope Mennonite Mutual Insurance
Jodi Lynn Kocsis Wawanesa Mutual Insurance
Ani Basso Intact Insurance Company Marco Bellusci Rogers Insurance Ltd.
Why does the CIP designation matter to you?
When disaster strikes, you want an educated, knowledgeable insurance professional with up-to-date information. Chartered Insurance Professionals help maintain the high standards of the industry, and can be found in many industry roles including brokers, underwriters and claims adjusters. They work to provide a better insurance experience for Canadians — like you — who depend on quality insurance service.
www.preparedformore.ca
e class of 2020
Chartered Insurance Professional (CIP) Graduates
Krista Bevan The Co-operators Zhang (Bianca) Biying AGM Insurance Ltd. Allison Blackmore Western Financial Group Michael Braid Aviva Canada Inc. Jeremy Brunner The Co-operators *Joseph Brunton Intact Insurance Company Nick Burland Intact Insurance Company Jada Carr Thomson Schindle & Green Vonnel Chan City of Calgary Ammon Christensen Transalta Corporation Tyler Clay Intact Insurance Company Keri Co ey Peace Hills Insurance Richard Collins AqualisBraemar Cara-Leigh Cox Aviva Canada Inc. Jainyme Da Silveira Federated Insurance Gagneet Dhaliwal Wawanesa Insurance Troy Eggum 30 Forensics Gurmit K. Garcha Travelers Canada Brokerlink Inc. Barry Haggis Young & Haggis Insurance Services Ltd. Robyn Herauf Desjardins Insurance Wasim Khan AMA Insurance Agency Komal Khosla Economical Insurance Mounira Klein Maxwell Claims Je rey Knight AMA Insurance Agency Maye Kordi Intact Insurance Company Logan Koudys-Stone Intact Insurance Company *Adrienne Kuziek AMA Insurance Agency Randeep Lally Northbridge Insurance Terry Lam Wawanesa Mutual Insurance Co. Nicole Latter Travelers Canada Scott Lindo Litwiniuk and Company Benjamin Lucas George Mcdonald Agencies Timothy Mattson Marsh Canada Ltd. Kyla McAvena BFL CANADA Risk and Insurance Inc. *H Rogers Insurance Ltd. Ashley Meyer Mennonite Mutual Insurance Co. Ltd. Julia Mitton AMA Insurance Agency Je rey Moore The Co-operators Sandra Morad Travelers Canada Jerrie Lynn Morrison Aon Reed Stenhouse Inc. Matt Motz Intact Insurance Company Laura Mulhall Travelers Canada Jasmin Mustonen The Co-operators Aliya Naqvi Westland Insurance Charles Nwaozuzu Wawanesa Mutual Insurance Co. Kelsey Po enroth The Co-operators Robin Robinson Intact Insurance Company Curt Rohm Rest Ltd. Kelley Sand The Co-operators Christina Sands The Co-operators Ana Claudia Silveira Pires Lage Lloyd Sadd Insurance Brokers Brett Smiley Marsh Canada Jodi South Wawanesa Mutual Insurance Co. Jillian Stewart The Co-operators Aaron Suggett Gallagher Energy Risk Services Claire Tannett Royal & SunAlliance Insurance Co. Erin Thompson Insurance Institute of Southern Alberta Ioanna Tomaras Wawanesa Mutual Insurance Co. Analie Virtusio Aviva Canada Inc. Ashley Wareham Aviva Canada Inc. Wei (Emma) Wei Allstate Insurance Co of Canada Sara WilliaVms
* Graduates with Honours
PREPARED FOR MORE
University of Calgary Properties Group Adds New Master Plan Project to Portfolio
UCPG will lead the future redevelopment of University Innovation Quarter, formerly known as University Research Park
University of Calgary Properties Group (UCPG), formerly West Campus Development Corporation, is taking on the management and redevelopment of a new project. The University Innovation Quarter (UIQ) lands, formerly known as University Research Park, now falls under the UCPG portfolio.
The 76-acre site immediately adjacent to the University of Calgary’s main campus has significant capacity for growth, change, and densification to accommodate a rich ecosystem of research, industry, innovation, and entrepreneurial activities.
There are currently 12 buildings located in UIQ comprising approximately 1.24 million square feet of office or lab space. There will be no impact on the current tenancy or leases with this management change.
Ownership of the lands was transferred from the Province of Alberta to the University of Calgary early last year, with the university’s intent to establish an innovation and research cluster to be known as UIQ. The University of Calgary then entered a 130-year head lease agreement with University Innovation Quarter Trust to operate, manage, and develop UIQ lands to support an innovation ecosystem. As the developer, UCPG will serve as Trustee for University Innovation Quarter Trust.
With this new opportunity, UCPG will continue to carry out its vision of being an award-winning leader in creating amazing places as the trusted developer for the University of Calgary.
Says James Robertson, President and CEO, University of Calgary Properties Group, “Revitalizing UIQ will help create a world-class destination for research and innovation while demonstrating leadership in environmental sustainability and social responsibility. We have a strong track record to date with the development of University District, and we look forward to bringing our vision and talent to this exciting project.” “The University of Calgary has a robust and integrated innovation ecosystem that is focused on linking discovery, creativity, invention and entrepreneurship to solve local, national, and global challenges,” says Ed McCauley, President and Vice-Chancellor, University of Calgary. “University Innovation Quarter will be a dedicated and recognized location where research, cross-sector collaboration, ideation, incubation, and entrepreneurship will be translated into scalable solutions to improve the world. UIQ will be a hub for transformative action to boost our economy, create new jobs and forge positive change.”
With the initiation of this large scale, long-term project, UCPG will be taking on a series of concurrent tasks. This includes reaching out to existing tenants and key stakeholders from the surrounding area to better understand the site conditions and determine how the site can be transformed into a dynamic and thriving hub to fuel the University of Calgary’s innovation agenda.
UIQ is located immediately north of the University of Calgary main campus and is bounded by the Brentwood LRT station and Crowchild Trail NW to the east, 37 Street NW to the west, 32 Avenue NW to the south and 40 Avenue NW to the north.
University Innovation Quarter sits at the north end of the University of Calgary campus.
For more information about University of Calgary Properties Group Ltd., visit www.ucpg.ca.
CALGARY BASED SURECALL CEO WINS THE MOMENTUM AWARD AT THE 2020 RBC CANADIAN WOMEN ENTREPRENEUR AWARDS
Desirée Bombenon awarded out of 8,500 nominations
Calgary-based SureCall is honoured to announce that Desirée Bombenon, CEO, has been named the recipient of the Momentum Award at the 2020 RBC Canadian Women Entrepreneur Awards. Presented by Women of Influence, and now in its 28th year, the prestigious awards recognize the country’s leading female entrepreneurs who have made impressive and substantial contributions to the local, Canadian or global economy.
Alicia Skalin, Co-CEO and Head of Events, Women of Influence Inc., congratulated the winners for their incredible achievements, and for inspiring future generations of female entrepreneurs. “Now more than ever, we are honoured to be able to recognize the incredible achievements and perseverance of this year’s award recipients,” said Skalin. “These women have faced the challenges of 2020 head-on and seized the opportunities to continue to pave the way for women entrepreneurs across Canada; a strong testament to the bright future of Canadian business.”
Bombenon was one of six recipients celebrated at the awards gala that took place on November 18, following a robust nomination drive that saw over 8,500 nominations come in from across the country. The Momentum is dedicated to a female entrepreneur that has pivoted her company through expanded management, empowered employees and demonstrated excellence. Bombenon was awarded for creating a flexible and responsive business that is able to adapt to changing market environments and leverage opportunities for continued growth. She has successfully capitalized on opportunities to deliver 10 per cent or more growth, year-over-year for three years or more.
“This is the most humbling honour. I am so grateful to be part of this incredible community of fierce leaders. Thank-you, RBC, for continuing to highlight the narratives of female entrepreneurs across this country.” – Desirée Bombenon. With ongoing growth for the company and with the support of Bombenon, SureCall is at a pivoting point. She has over 30 years of business operational experience and strategic leadership. Awarded Ernst & Young 2019 Entrepreneur of the year for the Prairies in Communication Technology, she is a bold innovator, futurist and purpose-driven leader. Through the “GoodCall” program Bombenon established SureCall as a “purpose driven” organization. The company became a Certified Benefits Corporation (B Corp) in April 2019 and was named a ‘Best For the World’ Honouree in 2019, rounding out Bombenon’s vision of utilizing business as a Force for Good.
For a complete list of this year’s award winners, visit womenofinfluence.ca/rbc-cwea.
For more information on the Top 25 Women of Influence Awards and the RBC Canadian Women Entrepreneur Awards, visit womenofinfluence.com.
For more information on SureCall, visit surecallcc.com.
Live Luxuriously and Affordably at Aria in University District
The vibrant community of University District in Calgary’s northwest is quickly becoming a hotspot to live, work and play thanks to its mindful design, broad variety of residential options and vast amenities to suit every lifestyle.
In just four years, University District has grown into Calgary’s best-selling urban community, focusing on offering choice, a growing retail district and lifestyle-focused amenities.
Speaking of choice, Aria, a new, five-storey urban rental apartment building, is one of the latest to open its doors in University District. It houses 288 thoughtfully-designed apartments which are affordably luxurious, and also provides residents with access to Calgary’s largest amenityrich courtyard. The building is in a prime location along University Avenue.
“We’re finding considerable rental interest in Northwest Calgary,” said Novy Cheema, Managing Director at Gracorp. “Given the proximity to the Alberta Children’s Hospital, Foothills Medical Centre and the University of Calgary, we are seeing substantial demand from students, health care professionals, downsizers and the academic community. Our tenants love the ample amenities within the building, as well as the convenience of living above Save-On-Foods, Market Wines and other key retailers.”
The final phase of Aria was recently completed, with the sought-after rental property offering one, two- and threebedroom suites starting at $1,300’s per month. A communal fire pit, event stage, barbeques, a pickleball court and pet areas are just some of Aria’s amazing amenities.
Suite sizes range from 532 to 1,149 square feet and incorporate contemporary designs in their spacious interiors. The modernist kitchens with quartz countertops, stainless steel appliances, innovative storage, and walk-in closets are sure to dazzle.
Said Cheema, “We are encouraged by the rapid growth of University District over the last two years and look forward to pursuing additional development opportunities in this thriving area.”
Residents of Aria can also take advantage of the building’s fitness room, games and lounge room, community chefs’ kitchen and much more. The community is projected to continue welcoming a number of popular retailers and services over the next few years as development continues.
For more information about Aria, or to book your virtual tour, visit www.ariacalgary.ca. To see the latest updates about University District or for more information, visit www.myuniversitydistrict.ca.
