#1Alberta's Energy: A Responsible Investment Considerations for a better energy investment September 2018 Alberta#22 Assessing your energy investment . Investors want to know: - - - How is Alberta responding to climate change? How is our sector performing? Are we moving toward a lower carbon economy? Does our energy sector engage with communities and Indigenous peoples? How do we ensure the safety of our employees? Alberta#33 Agenda Environment and climate indicators Indigenous and community engagement indicators Governance indicators Human and social indicators Alberta#42017 world energy market Rank 1 2 3 4 Producer of oil Russia Saudi Arabia USA Iraq Reserves of crude oil Venezuela Saudi Arabia Alberta Iran 569 88 Iran Iraq China Kuwait Alberta AE UAE 9 Kuwait 10 Brazil Nigeria 4 Russia Libya Source: U.S. Energy Information Administration, the National Energy Board, BP, Oil & Gas Journal Alberta#5Environment and climate indicators LO Alberta#6CO 6 Environment and climate indicators One of North America's strongest climate change policies: - Capped oil sands emissions at 100 megatonnes per year Introduced a carbon levy • • Investing revenue from the levy into new technology, including $440 million for oil sands innovation Recently announced $70 million in funding to help oil sands producers reduce emissions and costs Alberta#77 Environment and climate indicators One of North America's strongest climate change policies: - Phasing out coal and tripling renewable energy by 2030 • Developing 5,000 megawatts of renewable electricity capacity - • Companies bid on building renewable energy projects Reducing methane emissions by 45 per cent from 2014 levels by 2025 Alberta#800 8 Environment and climate indicators Overall performance related to greenhouse gas emissions: - GHG intensity of in situ extraction has decreased by approximately 11 per cent since 2012 GHG intensity of oil sands mining has decreased by approximately 9 per cent since 2012 Alberta#99 Environment and climate indicators . Overall performance related to water use: - Mineable and in situ oil sands each recycled about 80 per cent of the water used in their operations * Overall performance related to reclamation: - Approximately 102 square kilometres are under active reclamation as of 2017 Alberta#1010 Indigenous & community engagement indicators Alberta#1111 Indigenous & community engagement indicators • • • Engagement approach underpinned by the UN Declaration Duty to consult in Alberta Alberta provides industry with clear references of who to engage with a clear policy framework of set timelines Indigenous communities play an active role in developing environmental standards and management systems Alberta#1212 Indigenous & community engagement indicators . Alberta stimulates Indigenous economic success through grant programs . Industry works with Indigenous communities to support economic well-being • Indigenous communities are taking part in the renewable energy sector Alberta#1313 Governance indicators Alberta#1414 Governance indicators Alberta Energy Regulator oversees compliance and industry performance Transparent online reporting Monitors water use, land management, air quality performance Alberta#1515 Human and social indicators Alberta#1616 Human and social indicators Improving the health and economic well-being of Indigenous peoples: - - - Public school curriculum changes Public service training Violence against Indigenous women and girls campaigns and programming Alberta#1717 Human and social indicators Promoting gender equality: - - First provincial ministry dedicated to the status of women Community and grant programs to increase: • women's economic security increasing women in leadership and democratic participation • preventing and responding to gender-based violence Alberta#1818 Human and social indicators Creating healthy and safe workplaces: - - - Provincial Employment Standards Code Alberta Energy Regulator safety directive for emergency preparedness and response Energy companies' commitment to safety excellence Alberta#1919 Invest in the best barrel. Invest in Alberta. Alberta#20Questions? ? Alberta