Carney made the remarks during Alberta’s Relaunch event at the BMO Center on Tuesday, a conference that was thought to focus on shaping Alberta’s financial future. About 300 were present. Carney, who is now vice president of Brookfield Asset Management, described the risk of the US recession as “uncomfortably high”, but predicted it would not be as severe as the 2008 financial crisis. “It’s not 2008 [because there’s not] a lot of big imbalances in the system, “Carney said as part of a keynote address. Carney also said that Alberta and Canada could be part of a solution to badly shake global energy markets. In the Alberta government’s latest fiscal briefing on Tuesday, soaring oil and gas prices led the way to a $ 3.9 billion surplus, a number that will lead to much debate about what to do with such a large cash inflow. . Challenges and opportunities in the energy sector were one of the main topics at the one-day conference, specifically on carbon offsets. Lisa Raitt, a former Conservative cabinet minister who is now vice president of global investment banking at CIBC, said affordability remains the “Achilles’ heel” on carbon sequestration. “There is a lot of understanding of ‘why’ we do it – we were sold because we have to make a clean zero, we were sold because we have to get rid of carbon dioxide … but the question remains: how?” Said Raitt, one of the key speakers. “How it comes from industry, but how it also comes from politicians and politics.” Raitt said conservatives should stop fighting over coal pricing, calling it the “shiny object” – comments that caused applause in the room. However, he said he would be in favor of cutting fuel taxes to help consumers. Former Conservative Secretary of State Lisa Wright delivered a keynote address. He said coal pricing is an important part of the market and dismissed its use as a “wedge” in politics. (Joel Dryden / CBC) In a separate keynote address, Lisa Baiton, who took over as president and CEO of the Canadian Association of Petroleum Producers (CAPP) in April, said she hoped to “resume” the debate over the oil and gas industry. Baiton, a former world leader on the Canadian Retirement Plan Investment Council, took over the helm of CAPP as Russia’s invasion of Ukraine sparked ongoing discussions about energy security. “Our industry is transforming for a new era,” Baiton said as part of her first public remarks on the new role, adding that the lobby group’s goal is to position Canada as a global power provider while reducing greenhouse gas emissions. Lisa Baiton was appointed Managing Director and President of the Canadian Petroleum Producers Association in April, replacing Tim McMillan. Baiton delivered one of the keynote speeches on Tuesday. (Submitted by New West Public Affairs) In an interview after her speech, Baiton said that CAPP focused on promoting ideas and solutions to today’s energy challenges. “We will do a better job of telling the story of all the really awesome innovation that is happening in the field that has already made a proven difference in reducing GHG emissions,” he said. Concerns about energy issues are at the heart of many Albertae. A new poll released Tuesday at the Alberta Relaunch by Janet Brown Opinion Research found that 16 percent of those polled believed such issues were among the most important issues facing the province today. Energy-related issues were ranked higher by respondents in terms of economy (19 percent), healthcare (25 percent) and inflation (41 percent). “I was not surprised to see inflation rise to No. 1, but that trend was so rapid in Alberta,” said Scott Crockatt, vice president of the Business Council of Alberta, during a discussion of the survey results. . “It’s a big concern for businesses as well.” Ed Whittingham, former head of the Pembina Institute, hosted a panel on Tuesday with Maria Hushovd of RBC Capital Markets, Kevin Krausert, CEO of Avatar Innovations Inc., Sarah Marshall of NOVA Chemicals and Mark Cameron of Pathways Alliance, an alliance of oils. producers. The panel was part of the Alberta Relaunch, hosted by New West Public Affairs on Tuesday. (Submitted by New West Public Affairs) Crockatt said he says the same thing to his members and to every political party chasing success: look for what unites the Alberts. “We would say a province that belongs, a place of opportunity and a place of solutions – the kind of place that can solve the next challenge,” he said. “So I think the message for business leaders and political leaders is to say, whoever can align themselves with this future of the province is likely to be successful.” The event was hosted by Calgary-based public relations firm New West Public Affairs, which is run by Monte Solberg, a former Conservative cabinet member under former Prime Minister Steven Harper. Other speakers included Gerald Butts, the former secretary general of Prime Minister Justin Trudeau. and Ian Brodie, a former Harper chief executive.
