The Stampede Investment Forum is where hospitality and opportunity happen.
The fourth-annual investment conference held in conjunction with the Calgary Stampede attracted close to 70 senior level delegates from a dozen countries. The three-day conference focused on opportunities in Alberta in oil and gas, petrochemicals, renewables, agribusiness and tourism.
“This is a place of opportunity,” Calgary Mayor Naheed Nenshi told delegates.
The conference is hosted by Calgary Economic Development, the Government of Alberta, the Canadian Association of Petroleum Producers and Alberta’s Industrial Heartland Association, with the law firm Dentons as a sponsor.
The conference included site visits, sessions with investors and government officials as well as one-on-one meetings with businesses. Premier Rachel Notley also implored delegates to take in the Stampede and enjoy the world-famous Western hospitality and Nenshi explained the subtle differences between shouting “Ya-hoo” (Yes!) and “Yee-haw” (No!) at the Greatest Outdoor Show on Earth.
Getting down to business, Notely and Nenshi agreed that getting pipelines to tidewater for our oil is the biggest public policy issue in the Alberta economy. Both stressed economic diversification is a priority in Alberta but this remains a place driven by energy.
Pipelines need both regulatory approval and public acceptance, they said.
Facilitating important discussions about our future prosperity is one of the primary roles for Calgary Economic Development under the Economic Strategy, Building on Our Energy. In addition to politicians and business leaders, delegates also heard from local indigenous communities about the opportunities that exist for investment.
“This is one of the most important venues for conversations between the Alberta government and the investors that drive our economy,” Notley said. “We need a mutual understanding more than ever.”
The 2015 Stampede Investment Forum was the venue for Notley’s first speech to a business audience after she was elected premier and stressed that her NDP government was a friend to the oilpatch and welcomed to investment.
Notley used the forum to announce oil and gas producers could immediately start using the revamped royalty regime that was scheduled to come into effect Jan. 1, 2017.
“We are hopeful that this decision will get more rigs going sooner and put more Albertans to work,” she said.