2015 Canadian Energy SUMMIT

PROGRAM
www.energy.ca
2015 Canadian Energy SUMMIT
Telling the Energy Story
Allstream Center Toronto | May 26–28, 2015
Join the conversation #energystory
Thematic Overview
What is your area of interest, who will you hear and meet?
AREA OF INTEREST, SESSION CHAIR, PANELIST
ELECTRICITY
GOVERNMENTS
Gilbert Bennett, Vice President, Nalcor Energy – Lower Churchill
Project
Rob Bennett, Chief Operating Officer, Eastern Canada, Emera Inc
Guy Bruce, Vice-President, Resource Planning, SaskPower
Gianna Manes, President and CEO, ENMAX Corporation
The Honourable Sergio Marchi, President and CEO, Canadian
Murray Coolican, Deputy Minister, Nova Scotia Department of
Energy
Serge Imbrogno, Deputy Minister of Energy, Province of Ontario
The Honourable Michelle Rempel, Minister of State (Western
Economic Diversification), Government of Canada
Electricity Association
Scott Powell, Manager, Public Affairs, Manitoba Hydro
Daffyd Roderick, Director, Corporate Communications, Hydro One
Scott Schreiner, Director, External Engagement, AltaLink
Leonard Kula, Director of Operations, IESO
OIL AND GAS
ENERGY FINANCE
Eric Axford, Executive Vice President, Business Services, Suncor
Energy
J.B. Allard, Strategic Advisor, Development, Gaz Métro
Tim McMillan, President and CEO, Canadian Association of
Petroleum Producers
Geoff Morrison, Manager, British Columbia Operations, Canadian
Association of Petroleum Producers
François Poirier, President, Energy East Pipeline, TransCanada
ENERGY INNOVATION
World Markets Inc.
Bruce Hogg, Managing Director, Head of Infrastructure Americas,
CPP Investment Board
Cliff Inskip, former Managing Director, Head of Infrastructure and
Project Finance, CIBC World Markets
STRATEGIC ENERGY COMMUNICATION
Céline Bak, President, Analytica Advisors
Rob Hornung, President and CEO, Canadian Wind Energy
Association
Annette Verschuren, Chair and CEO, NRStor Inc.
FIRST NATIONS
Andrew Coyne, Editorial and Comments Editor, National Post
Jonathan Kay, Columnist, Walrus Magazine
Velma McColl, Principal, Earnscliffe Strategy Group
Andrew Milne, President and CEO, bv02
Nik Nanos, President and CEO, Nanos Research
LEGAL & BUSINESS PERSPECTIVES
Chris Henderson, President, Lumos Energy
Jim Leonard, Chief, Rainy River First Nations
André Morriseau, Director, Communications and Awards,
Canada Council for Aboriginal Business
Felipe Pinel, CEO, Brookfield Renewable Energy Group, NA
ACADEMICS
David McFadden, Partner, Gowling Lafleur Henderson LLP
Lisa DeMarco, Partner, Zizzo Allan DeMarco LLP
Mary Hemmingsen, Partner, National Sector Leader, LNG, Power
Utilities, KPMG
ASSOCIATIONS, AGENCIES
Don Dewees, Professor, University of Toronto
Nancy Olewiler, Professor of Public Policy, Simon Fraser University
Pierre-Olivier Pineau, Professor, Department of Management
Sciences, HÉC, Montréal
Jennifer Winter, Managing Director Canadian Network for
Energy Policy Research and Analysis, University of Calgary
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Guy Amato, Managing Director, BMO Capital Markets
David Hay, former Managing Director and Vice-Chairman, CIBC
The Honourable Perrin Beatty, President and CEO, Canadian
Chamber of Commerce
Dean Oskvig, Vice Chair, North America, World Energy Council, and
President and CEO, Energy, Black & Veatch
Bob Skinner, Executive Fellow, University of Calgary, former
Director, Oxford Institute of Energy Studies
2015 Canadian Energy SUMMIT
Telling the Energy Story
The Energy Council’s 2015 Canadian Energy Summit aims to address an
important energy issue. There is an important, but typically untold, story about the broader role that energy plays in the economic, social and
environmental fabric of Canada. As a result, we believe that there is an
incomplete and distorted understanding of energy’s multi-dimensional
role, often leading to ill-informed dialogue around energy issues.
FULFILLING
OUR MISSION
To forge a better
understanding of
energy issues in order
to optimally shape the
energy sector for the
benefit of all Canadians
To address this situation, the Energy Council’s 2015 Summit is oriented to
the theme of Telling the Energy Story.
Program Highlights
Sessions have been crafted to cover the energy waterfront: the external influences on Canada’s energy sector;
national and regional energy economics; infrastructure issues for both electricity and oil and gas; opportunities
for aboriginal partnerships; innovation in energy technology and energy policy; energy’s role in financial markets;
and, how to tell the energy story more effectively. The closing luncheon speech by Andrew Coyne will provide
observations and insights from a prominent media figure.
Each of the eight sessions consists of: the facts on each aspect; identification of issues needing attention; and,
dialogue to identify potential solution pathways.
Learning, Meeting Energy Leaders, Engaging
The Energy Council’s events are designed to provide significant value to all attendees and the 2015 Canadian Energy Summit is no exception.
Enriching the energy dialogue with information and insights about energy issues in Canada. These sessions
will be particularly relevant in a federal election year. The remarks by Mr. Andrew Coyne, a nationally-respected
media personality, will shine light on energy’s prominent role in national political affairs. The information conveyed in each of the eight focus sessions will be of significant value to each attendee.
Getting better acquainted with Canada’s energy leaders. The Energy Council carefully selects session chairs
and speakers based on their knowledge, national stature, and leadership in their segment of the Canadian energy
sector. The roster of speakers and session chairs for the 2015 Summit will put a carefully selected collection of
people in front of the attendees.
2015 SUMMIT PLANNING COMMITTEE
John Muir Chair, Program Committee, Energy Council of Canada
J.B. Allard
Colin Andersen
Graham Campbell
Bryan Kneller
Gaz Métro
Energy Council of Canada
Energy Council of Canada
Ledcor Group of Companies
Jacob Irving
David McFadden
Jessie Pierre
Brigitte Svarich
Canadian Hydropower Association
Gowling Lafleur Henderson LLP
Energy Council of Canada
Energy Council of Canada
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Thank you to Our Sponsors
Associate
Supporting
Refreshments
4
2015 Canadian Energy SUMMIT
2015 Canadian Energy SUMMIT Program
Telling the Energy Story
MAY 26
06:00 pm – 08:00 pm
OPENING RECEPTION | WELCOME REMARKS
Colin Andersen, Chair, Energy Council of Canada
Lounge D | 2nd Floor
WELCOME FROM THE PROVINCE OF ONTARIO
Serge Imbrogno, Deputy Minister of Energy
MAY 27
08:00 am – 08:30 am
Breakfast | courtesy of Fengate Capital Management
08:30 am – 08:40 am
CALL TO ORDER and WELCOME
Lounge A | Foyer
Room 206 CD
Graham Campbell, President, Energy Council of Canada
Colin Andersen, Chair, Energy Council of Canada
08:40 am – 09:00 am
OPENING KEYNOTE ADDRESS | Federal Perspectives On The Energy Story
The Honourable Michelle Rempel, Minister of State (Western Economic
Diversification)
9:00 am – 10:10 am
KEY EXTERNAL INFLUENCES ON CANADA’S ENERGY SECTOR
The ‘’opening chapter’’ in Telling the Energy Story at the Energy Council’s 2015 Canadian
Energy Summit is the session on Key External Influences on Canada’s Energy Sector.
Although energy plays a prominent role in Canada’s economics, regional opportunities,
social development and environmental matters, the Canadian energy sector is a
relatively small player in the global energy scene. In fact, our energy sector is highly
influenced by what goes on across the globe in the highly complex world of energy.
For instance, we are highly subject to global swings in supply and demand, to global
technology developments such as the smart grid, cheaper solar cells, and enhanced
battery storage capabilities, and to global negotiations toward policies to address
environmental issues.
David McFadden will set the stage with observations on the external factors which impact
on energy in Canada. Four excellent panelists will discuss climate policy, global trends in
commodity prices, emerging technologies and global developments in LNG trade.
SESSION CHAIR
David McFadden, Counsel, Gowling Lafleur Henderson LLP; Chair, Canadian and
International Advisory Boards, Fengate Capital
PANELLISTS
Lisa DeMarco, Partner, Zizzo Allan DeMarco LLP
Bob Skinner, Executive Fellow, University of Calgary, former Director at Oxford
Energy Institute
Leonard Kula, Director of Operations, Independent Electricity System Operator
(IESO)
Mary Hemmingsen, Partner, National Sector Leader, LNG, Power Utilities, KPMG
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10:10 am – 10:20 am
ECC FUNDED ENERGY POLICY RESEARCH
Canadian Network on Energy Policy Research and Analysis (CNEPRA)
Jennifer Winter, Managing Director, CNEPRA, University of Calgary
Research Fellowships, Waterloo Institute for Sustainable Energy (WISE)
Claudio Canizares, Acting Executive Director, WISE
10:20 am – 10:40 am
Networking Break | courtesy of Waterloo Institute for Sustainable Energy
10:40 am – 11:50 am
ENERGY IN CANADA’S ECONOMY: FACTS, FIGURES, AND VIEWPOINTS ON
ENERGY’S VITAL ROLE IN THE ECONOMIES OF CANADA AND ITS PROVINCES
As a nation, Canada’s economy has benefitted greatly from the development of its
natural resources as a fundamental driver of growth and prosperity.
This session will delve into the economics of energy in Canada through the insights of
four Canadian economists who will share their informed perspectives.
The ‘big picture’’ on energy economics in Canada will be presented by Dr. Nancy Olewiler,
Professor, School of Public Policy, Simon Fraser University. Dr. Olewiler will open the
session with an overview of the importance of energy to the Canadian economy and
the challenges we currently face as a small open economy rich in energy resources and
tied to international markets.
Production of energy resources and the delivery of energy to domestic and international
markets are vital elements of provincial economies. Three panelists will provide regional
economic insights into the facts, issues, and emerging developments in the energy
sectors of Alberta, Ontario and Québec.
SESSION CHAIR
Nancy Olewiler, Professor of Public Policy, Simon Fraser University
PANELLISTS
Jennifer Winter, Managing Director Canadian Network for Energy Policy Research
and Analysis, University of Calgary
Don Dewees, Professor, University of Toronto
Pierre-Olivier Pineau, Professor, Department of Management Sciences, Hautes
Études Commerciales, Montréal
11:50 am – 12:00 pm
INTRODUCTION TO THE CANADIAN COUNCIL ON RENEWABLE ELECTRICITY
The Canadian Council on Renewable Electricity (CanCORE) has been formed to engage
with Canadians on the opportunities to expand renewable electricity production and
to outline the benefits such expansion offers our communities, economy, and nation.
Four of Canada’s leading national renewable electricity associations have joined forces
as the founding members of the new Council: the Canadian Hydropower Association
(CHA), the Canadian Solar Industries Association (CanSIA), the Canadian Wind Energy
Association (CanWEA), and Marine Renewables Canada. The Council will work to build
public support for increased development of our abundant renewable electricity
resources.
Rob Hornung, President and CEO, Canadian Wind Energy Association, will introduce
attendees at the 2015 Canadian Energy Summit to this new initiative.
12:00 pm
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SUMMIT LUNCHEON
2015 Canadian Energy SUMMIT
Room 206 B
Join the conversation
12:30 pm – 02:00 pm
#energystory
PANEL OF ENERGY LEADERS IN CONVERSATION
There are no better people to tell parts of the energy story than those in leadership
positions in industry. You will hear from senior executives representing companies which
are members of the Energy Council of Canada sharing their thoughts on electricity, oil
and gas from their corporate vantage points across Canada.
The Honourable Perrin Beatty, President and CEO of the Canadian Chamber of
Commerce will moderate the Energy Leaders’ Panel. He plans to engage the industry
executives ‘’an energy conversation’’, drawing out key aspects of their part of the energy
story in Canada.
SESSION CHAIR
The Honourable Perrin Beatty, President and CEO, Canadian Chamber of
Commerce
PANELLISTS
Rob Bennett, Chief Operating Officer, Eastern Canada, Emera Inc.
Gilbert Bennett, Vice President, Nalcor Energy - Lower Churchill Project
Guy Bruce, Vice-President, Resource Planning, SaskPower
Eric Axford, Executive Vice President, Business Services, Suncor Energy
02:00 pm – 03:30 pm
PARALLEL SESSIONS
A | ELECTRICITY INFRASTRUCTURE – HOW ELECTRICITY DELIVERS VALUE FOR
MONEY NOW AND IN THE FUTURE
Room 200 A
Electricity powers our homes, offices, factories, institutions, and economy. Yet we
rarely consider the complex infrastructure underpinning the electricity system. Most
Canadians know that electricity is an indispensable necessity and the life blood of
modern society. However, we tend to take it all for granted. We need to pay closer
attention, and we need to do so now.
We must shift the conversation to the value of electricity. Much of Canada’s electricity
infrastructure is near the end of its life cycle and must be renewed, replaced, and
modernized, requiring a $350 billion investment over the next 20 years. The CEA holds
the view that a lack of understanding of the value of electricity by Canadians in general
is a significant obstacle to depoliticizing power policy, to lowering political risk, and to
mustering the political will to implement infrastructure modernization.
The goal of the Summit’s concurrent session on electricity is to examine how a better
understanding of the value of electricity can be achieved.
Sergio Marchi, President and CEO, Canadian Electricity Association, will chair this session
and set the stage for the panelists to follow. Session panelists will demonstrate how the
industry has carefully crafted and implemented coordinated initiatives and tailored of
outreach within individual jurisdictions.
SESSION CHAIR
The Honourable Sergio Marchi, President and CEO, Canadian Electricity Association
PANELLISTS
Daffyd Roderick, Director, Corporate Communications, Hydro One
Scott Powell, Manager, Public Affairs, Manitoba Hydro
Scott Schreiner, Director, External Engagement, AltaLink
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02:00 pm – 03:30 pm
B | ENERGY INFRASTRUCTURE: OIL AND GAS
Room 200 C
A chapter of the energy story that is typically overlooked involves the often invisible role
played by oil and gas infrastructure. This session will tell the story starting with profiling
the invisible, safe, reliable and cost-effective role played by energy infrastructure and
then presenting exciting, leading-edge developments in new and re-purposed energy
infrastructure across Canada.
The Session Chair will be Mr. Tim McMillan, President and CEO of the Canadian
Association of Petroleum Producers. He will set the stage by describing the essential
role played by energy infrastructure and its role in ensuring access to traditional and
new markets at home and abroad for Canada’s energy commodities. Panelists will then
address emerging infrastructure developments across Canada.
SESSION CHAIR
Tim McMillan, President and CEO, Canadian Association of Petroleum Producers
PANELISTS
J.B. Allard, Strategic Advisor, Development, Gaz Métro
Geoff Morrison, Manager, British Columbia Operations, Canadian Association of
Petroleum Producers
François Poirier, President, Energy East Pipeline, TransCanada
03:30 pm – 03:50 pm
Networking Break | courtesy of NRStor Inc.
03:50 pm – 05:10 pm
PARALLEL SESSIONS
A | NEW ENERGY TRANSITIONS - AN EMERGING CHAPTER IN TELLING THE
ENERGY STORY
Room 200 A
Annette Verschuren and her panelists will address the many implications of energy
transformations underway at the moment in Canada towards building a new energy
economy in Canada.
This session features updates on dimensions of the emerging energy story:
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How progressive leaders in Ontario, Alberta and Nova Scotia are responding to
changing market signals and technology innovation.
How a smarter grid will improve the way we generate, store, distribute and manage
our electricity supply.
How putting the latest policy innovations to work, in traditional and new energy
sectors, will lead to a more sustainable energy future for Canada with reduced GHGs
and improved air quality.
How communities and customers are leading the transformation in the interest of
providing reliable and cost-effective power.
2015 Canadian Energy SUMMIT
Join the conversation
#energystory
SESSION CHAIR
Annette Verschuren, O.C., Chair and CEO, NRStor Inc.
PANELISTS
Céline Bak, President and CEO, Analytica Advisors
Murray Coolican, Deputy Minister, Department of Energy, Province of Nova Scotia
Gianna Manes, President and CEO, ENMAX Corporation
03:50 pm – 05:10 pm
B | MAKING IT REAL: TAKING THE ABORIGINAL-ENERGY SECTOR RELATIONSHIP
TO THE NEXT LEVEL
Room 200 C
Untapping Canada’s full energy potential can only be achieved with the consent and
participation of Canada’s Aboriginal peoples - First Nations, Métis and Inuit communities.
From coast-to-coast-to-coast numerous collaborative business relationships have been
forged between energy sector companies, investors, governments and Aboriginal
communities and organizations. However, our country has yet to develop the full
potential of these associations.
This session will ‘go deep’ into how to take the Aboriginal-Energy Sector relationship to
the next level.
The Session Chair is Chris Henderson, President of Lumos Energy. Lumos assists
Aboriginal Communities advance their clean energy interests. Christopher Henderson is
Canada’s pre-eminent Aboriginal clean energy advisor and heads the Aboriginal Clean
Energy (ACE) Network.
Panelists include a Chief from an Ontario community which has developed a leadingedge clean energy project, an executive of a renewable energy company, and an
Aboriginal association fostering partnerships between energy companies and
aboriginal companies.
SESSION CHAIR
Chris Henderson, President, Lumos Energy
PANELISTS
Felipe Pinel, CEO, Brookfield Renewable Energy Group, North America
Jim Leonard, Chief, Rainy River First Nations
André Morriseau, Director, Awards and Communications, Canada Council for
Aboriginal Business
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05:30 pm – 06:30 pm
2015 Canadian Energy Summit RECEPTION
06:30 pm – 08:30 pm
2015 Canadian Energy Summit DINNER
Room 206 Foyer
Room 206 B
WORLD ENERGY COUNCIL – LEADING GLOBAL ENERGY DIALOGUE, LAUNCH OF
2015 WORLD ENERGY TRILEMMA
The 95 countries of the world which have joined together as members of the World
Energy Council (WEC) are dedicated to the mission of promoting the sustainable supply
and use of energy for the greatest benefit of all people. Energy security, energy equity,
and environmental sustainability are the three goals which guide the events, research,
and outreach of the World Energy Council. The Energy Council of Canada is a founding
WEC member, joining in 1923.
Greetings from the World Energy Council and an introduction to its role, programs and
recent research will be presented at the Summit Dinner by the WEC North America
Vice Chair, Dean Oskvig. Mr. Oskvig is the President and Chief Executive Officer, Black &
Veatch.
The annual World Energy Trilemma report provides policymakers with insights and
recommendations for the purpose of crafting energy policies appropriate for their
jurisdictions. The 2015 Trilemma aims to support policymakers as they work towards
setting climate and development goals internationally and at home. The 2015 World
Energy Trilemma report will be launched during the Summit Dinner and copies will be
available the following day.
DINNER KEYNOTE ADDRESS
Dean Oskvig, President and CEO, Energy, Black & Veatch and WEC North America
Vice Chair
MAY 28
08:00 am – 08:30 am
Breakfast | courtesy of Emera
Room 206 CD
08:30 am – 08:40 am
DAY TWO OPENING REMARKS
John Muir, Program Chair, Energy Council of Canada
Room 206 CD
08:40 am – 10:10 am
ENERGY’S ROLE IN CANADA’S FINANCIAL SECTOR – EQUITY MARKETS, CAPITAL
REQUIREMENTS, TYPE OF INSTRUMENTS - WHAT DOES THE FINANCIAL SECTOR
NEED?
The need for capital in Canada’s energy sector has never been greater. All aspects of
the energy chain from resource development, processing facilities and transportation
through to end-users have significant capital requirements. In addition significant
projects are planned to refurbish many existing components in this chain that are
reaching the end of their useful economic life.
Projects generally get done in one of two ways, “on balance sheet” and independently
of their proponent’s balance sheet, or “project financed”.
This panel will examine the different pools of capital (equity, bank finance, export credit
agencies, bonds) that are potentially available and the characteristics of the projects
that are important to ensure that capital is attracted. The panel will provide an overview
to help ensure that proponents and ultimate end-users get projects developed with the
lowest possible cost of capital consistent with the risk of the project.
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2015 Canadian Energy SUMMIT
Join the conversation
#energystory
SESSION CHAIR
David Hay, Former Managing Director and Vice Chair, CIBC World Markets Inc.
PANELISTS
Cliff Inskip, former Managing Director, Head of Infrastructure and Project Finance,
CIBC World Markets
Guy Amata, Managing Director, BMO Capital Markets
Bruce Hogg, Managing Director, Head of Infrastructure Americas, Canada Pension
Plan Investment Board
10:10 am – 10:30 am
Networking Break
10:30 am – 11:50 am
HOW TO TELL THE ENERGY STORY? – ENRICHING FUTURE ENERGY DIALOGUE,
WHAT DOES THE PUBLIC KNOW NOW AND NEED TO KNOW TO MAKE INFORMED
ENERGY DECISIONS?
Bringing the Summit program to a close will be an examination of how to craft energy
messaging. The focus will be on finding ways to tell the energy story more effectively,
first by understanding public attitudes about energy, then by hearing about how energy
stories are told, and finally, learning about how social media can be used effectively to
tell the energy story to new demographics.
Velma McColl, Principal, Earnscliffe Strategy Group, will talk about what’s important
when it comes to communicating complex energy messages. Her extensive experience
assisting clients get their messages across will set the stage for presentations by three
panelists speaking about determining public understandings and attitudes, the art of
energy writing, and how social media can be used to connect with a broader audience.
SESSION CHAIR
Velma McColl, Principal, Earnscliffe Strategy Group
PANELISTS
Nik Nanos, President and CEO, Nanos Research
Jonathan Kay, Editor-in-Chief, Walrus Magazine
Andrew Milne, President and CEO, bv02
12:00 pm
CLOSING LUNCHEON | ENERGY IN THE MEDIA, TELLING THE ENERGY STORY MORE
Room 206 B
EFFECTIVELY
12:40 pm – 01:25 pm
LUNCHEON KENOTE ADDRESS
Andrew Coyne, Editorial and Comments Editor, National Post
A columnist at The National Post, and the former National Editor of Maclean’s, Andrew
Coyne is thoughtful, intrepid, and never afraid to speak his mind. Coyne is highly
sought after by audiences looking for unvarnished insights on Canada’s increasingly
interconnected political and economic future.
01:25pm – 01:30 pm
CLOSING REMARKS
Colin Andersen, Chair, Energy Council of Canada
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Thank you to Our Sponsors
Associate
Supporting
Refreshments
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2015 Canadian Energy SUMMIT