Event Re-cap: Enduring the Change in Alberta’s Economy


On Tuesday April 9, 2016, the Campus team attended the ‘Enduring the Change in Alberta’s Economy’ event hosted by the Petroleum & Energy Society at the University of Calgary. As the Event Panel sponsor, we had an exciting opportunity to connect with many bright students, new graduates and other industry professionals to discuss both the challenges and opportunities currently facing Alberta’s energy industry.

Our President, Steve Laut, participated in an industry panel alongside prominent Alberta leaders, including:

  • Honourable Margaret McCuaig-Boyd – Alberta’s Minister of Energy
  • Dave Mowat – President & CEO of ATB Financial
  • Jeff Gustavson – President of Chevron Canada
  • Steve Laut – President of Canadian Natural

The panel tackled tough questions from the student audience and participated in an insightful discussion about the Alberta economy.

One key theme that emerged during the panel discussion was the impact that employees have in this difficult market.  In a conversation surrounding the current economic climate, Steve Laut remarked “Oil and Gas is a people business. Businesses will succeed based on the strength and quality of their people.” Then later, when posed with the question “What have you learned from this downturn?” he reiterated this point, by sharing with us his two most significant learnings:

  1. The power of innovation, and
  2. The importance of people

Steve described how innovation is changing the way that we do business at Canadian Natural. Through innovation, the team at Canadian Natural has been able to adapt to the current economic environment by lowering cost structures and continuing to create value for shareholders. This innovation wouldn’t be possible without having the right team of people in place to make it happen.

Students play an important role at Canadian Natural, and we were proud to have so many of our students, both past and current, in the room. Our co-op and internship students are the future employees and leaders of our Company, and it was great to see so many eager minds ready to get into the game and take on the challenge!

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