Program at a Glance

Day 1 - Sunday, June 5

1:00 p.m. - 6:00 p.m.       Registration Open

5:00 p.m. - 7:30 p.m.       Welcome Reception


Day 2 - Monday, June 6

7:00 a.m. - 12:00 p.m.     Registration Open

7:00 a.m. - 8:00 a.m.       Continental Breakfast

8:00 a.m. - 8:15 a.m.       Opening Remarks

Kevin Sullivan, One Source Risk Management, 2021-2022 Chair, Canadian Regional Education Committee
Jay Hoellen, IECA President


8:15 a.m. - 9:15 a.m.       Opening Keynote Session: 
War by Other Means: How A New Age of Economic Conflict Is Changing the World
Karl Schamotta, Chief Market Strategist, Corpay

Description:  Nation states seeking geopolitical influence have wielded economic weapons against each other for centuries. But in today’s hyper-globalized world, deliberately altering the movement of goods, information and money across borders can have complex and unintended consequences.

In this session, Karl will show how Western sanctions on Russia are simply the most recent and visible outward signs of a much larger battle being waged across virtually every dimension of modern life. In doing so, he will explore how conflict between today’s great powers - China, Europe and the United States - is driving fragmentation across the global economy, upsetting long-established political structures, triggering financial turbulence, disrupting supply chains - and turning commodity markets into battlefields.  Because in this era of economic warfare, we’re all combatants.

Objectives:  Gain an understanding of global economic changes in the world.
1.0 hr CE


9:15 a.m. - 9:30 a.m.       Refreshment Break

9:30 a.m. - 10:30 a.m.     
 KYC Sanctions and Embargoes

Anthony Cole, Partner, Dentons

Description:  With an ever-changing geopolitical situation, sanctions and embargoes are occurring and evolving rapidly.  This highlights the importance of a robust KYC process to ensure an organization remains in compliance.  Anthony will provide an overview of how Canadian sanctions laws are applied and enforced at a practical level, including illustrating how gaps in KYC processes can trigger risks of violations.  Anthony will also provide examples of measures that can be incorporated as part of an organization’s compliance processes to mitigate the risk of sanctions violations. 

Learning Objectives:  Reinforce our understanding of the KYC process and ensure that it remains current and prominent within our organizations.
1.0 hr CE

10:30 a.m. - 10:45 a.m.   Refreshment Break

10:45 a.m. - 11:45 a.m.  Emissions Reporting is the New Financial Reporting

Charlene Undseth, Vice President, Business Development, Validere
                                  
Description:  Executing a strategy is only good if you can measure it and have accuracy and confidence around what you achieved through that program. Getting your data in order is the foundational play for a better methane measurement system.

Learning Objectives:  Understand the importance of data capture in emissions measurement.
1.0 hr CE  

Optional Afternoon Activities  

12:30 p.m. - 5:30 p.m.     Golf Tournament at the Fairmont Banff Springs Golf Course

12:30 p.m. - 4:30 p.m.     Lake Moraine & Lake Louise Sightseeing Tour

5:30 p.m. - 7:30 p.m.       Meet and Greet in Diva's


Day 3 - Tuesday, June 7

7:00 a.m. - 5:00 p.m.      Registration Open

7:30 a.m. - 8:30 a.m.      Continental Breakfast

8:30 a.m. - 9:30 a.m.     
The Pathways Alliance, and how Cenovus and Suncor View ESG and Energy Diversification
Susan Grey, Director of Sustainability, Cenovus       

Gary Millard, Manager of Sustainability Integration, Suncor  
Moderator: Dr. Yrjo Koskinen, University of Calgary                                                                            

Description: Susan Grey, Director of Sustainability at Cenovus, will speak about the Pathways Alliance, a unique alliance of Canadian energy companies that are working together with the federal and Alberta governments to achieve net zero GHG emissions by 2050. Susan and Gary Millard, Manager of Sustainability Integration at Suncor, will talk about the Sustainability journey at their respective companies. The second half of the session will involve these esteemed panelists answering questions around ESG and energy diversification, posed by Dr. Yrjo Koskinen, the Associate Dean of Research and Business Impact and the BMO Professor of Sustainable and Transition Finance at the Haskayne School of Business, University of Calgary.

Objectives:  Learn what some of the largest energy companies in Canada are doing, both individually and as an alliance, to address ESG and energy diversification.

1.0 hr CE                

9:30 a.m. - 9:45 a.m.      Refreshment Break

9:45 a.m. - 10:45 a.m.
How Do Investors Use Environmental, Social and Governance (ESG) Information

Dr. Yrjo Koskinen, Haskayne School of Business, University of Calgary

Description:  Dr. Yrjo Koskinen will be speaking about how Environmental, Social and Governance (ESG) issues affect availability and pricing of financing for energy firms. In particular, he will talk about reliability of ESG data and ratings, and how investors use ESG information. He will also talk about transition finance and its implications for energy investing. He will also cover energy security and the geopolitical challenges.

Objectives:   Gain an understanding of ESG as it relates to transition finance and the availability of financing for energy firms.
1.0 hr CE
 
10:45 a.m. - 11:00 a.m.   Refreshment Break

11:00 a.m. - 12:00 p.m.   
ESG Impacts on Access to Capital for the Canadian Energy Sector
Brad Crilly, Managing Director, Head of Corporate and Investment Banking – Canada, Mizuho Bank, Ltd.,
Magali Gable, Vice President, Sustainable Finance, BMO Capital Markets

Josie Ho, Vice President, ESG & Sustainability Specialist, TD Securities Inc. (on secondment with TD Bank Group for ESG Strategy). 

Description:  A multifaceted panel discussion bringing a comprehensive view into the ways ESG considerations have affected Canadian Energy companies’ access to capital in the form of syndicated facilities, other debt instruments and equity.  Examples of the role sustainable finance can play in supporting the responsible development of our natural resources and how conventional energy companies are adapting.  This session will endeavor to provide a general understanding of the performance metrics used to measure ESG-related instruments, including definitions of Scope 1, 2 and 3 emissions and the evolving ESG reporting standards.  Along with an overview of green taxonomies, the role of sustainable finance in supporting companies’ ESG agendas and where North America is at in relation to the rest of the world.  

Objectives:  Gain insights on how ESG has affected capital access for Canadian Energy companies.
1.0 hr CE

12:00 p.m. - 1:30 p.m.    Lunch Keynote Session
Gregory Caldwell, Director, Utility Hydrogen Strategy, ATCO
Adam Weir, Senior Engineer, Technology Development, ATCO

Description:  Net Zero Pathways - Hydrogen: Achieving net zero by 2050 is a societal challenge that no individual, business, or government can solve on its own. It will require unprecedented collaboration among all constituents, as well as an informed, pragmatic, and affordable roadmap from policymakers to unlock the necessary scale and pace of private sector investment and expertise.

Hydrogen is a uniquely versatile energy carrier that has the potential to be a key driver of the clean energy transition.  This session will take you on a journey through the various pathways that can lead the energy industry to decarbonization through a range of different renewable technologies and low-carbon production pathways.

 1.0 hr CE

1:30 p.m. - 1:45 p.m.      Refreshment Break

1:45 p.m. - 2:45 p.m.      Understanding the Intersection of ESG and Financial Health Risk Before the Next Wave of the Supply Chain Crisis
Brad Saegesser, Senior Specialist, Rapid Ratings

Description:  Supply Chain is top of mind. In the news daily, supply chain risk has gone from a semi-obscure discipline to cocktail party conversation. The Covid-19 pandemic, business interruption, congested ports, labor shortages, inflation and geopolitical instability are all contributing factors to supply chain disruptions that will affect how most businesses are run for years to come.

Wave two of the supply chain crisis will come from suppliers that are profoundly degraded by the challenges of the past two years, where operational, reputational, and financial risks are being introduced to their customers downstream. It will happen when companies cease being able to Band-Aid over problems with cheap and historically easy to access capital. As this second wave approaches, future-proofing the supply chain is critical and companies must design their risk management infrastructures and practices to break out of their siloes and engage their suppliers in a coordinated way.

Understanding ESG-related risk has become a growing area of focus for supply chain professionals and their organizations. Gaining insight into performance on a range of ESG topics is key to understanding an organization’s overall sustainability and how it stacks up against its peers. Other less discussed, but equally important risk areas, include innovation, research and development, and cyber security. While all these domains will shape the future of supply chains, the traditional factors of quality, delivery and, of course, financial health, still provide the framework from which companies must design their strategies.

1.0 hr CE                                                                                                                                                                                       

2:45 p.m. - 3:00 p.m.      Refreshment Break

3:00 p.m. - 4:00 p.m.      ESG Reporting on the O&G Industry
Lara Gaede, Partner, Deloitte

Description:  ESG continues to dominate the energy sector and is evolving quite quickly.  This session will investigate the latest developments in ESG reporting and the changing reporting landscape and what future obligations are likely to be. The IECA is very pleased to welcome Lara Gaede, who leads the national Securities and Regulatory Advisory and co-leads the ESG Reporting Advisory groups at Deloitte.

Objectives:  Gain an understanding of the latest ESG reporting requirements and obligations, to assist credit professionals in their analysis.
1.0 hr CE

5:00 p.m. - 6:00 p.m.     Networking Reception

6:00 p.m. - 8:30 p.m.     Networking Dinner

8:30 p.m. - 12:30 a.m.   Join us for a Celtic Night at Diva's
After dinner, put on your dancing shoes and join us in Diva's bar at the Rimrock to enjoy Western Canada's Premier Celtic and Maritime live rock band, Fraid Knot.


Day 4 - Wednesday, June 8

8:00 a.m. - 10:00 a.m.    Registration Open

8:30 a.m. - 9:45 a.m.      Hot Breakfast (available during breakfast session)

8:30 a.m. - 8:45 a.m.      Closing Remarks

8:45 a.m. - 9:45 a.m.      Closing Breakfast Session:  Update on the new Canadian Derivatives Dealer Business Conduct Rules

Mark Powell, Partner, Bennett Jones

Description:  Mark Powell, Chair of the Canadian Derivatives Working Group will give an update regarding the draft derivatives dealer business conduct rules that the Canadian Securities Administrators published earlier this year.  He will give a summary of the key changes from the version that was published in 2018 as well as the responses that the Canadian Securities Administrators gave to the IECA's comment letter from 2018. 

Objectives:  To understand the current proposals of the Canadian Securities Administrators in the regulation of derivatives dealers in Canada.
1.5 hr CE

10:00 a.m.                     Adjournment