17:23:19 EDT Wed 24 Apr 2024
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Enbridge Inc
Symbol ENB
Shares Issued 856,712,928
Close 2015-06-19 C$ 57.31
Market Cap C$ 49,098,217,904
Recent Sedar Documents

Globe says TransAlta, others feel shift from oil sands

2015-06-22 07:52 ET - In the News

See In the News (C-TA) TransAlta Corp

The Globe and Mail reports in its Monday edition it is beginning to sink in that the economy is going to have to start weaning itself off oil. The Globe's Richard Blackwell writes the latest quarterly C-Suite survey shows that almost two-thirds of Canadian corporate executives feel economic policy relies too much on Alberta and its natural resources. Fewer than one out of five say the economy currently has a good mix of industrial sectors. Priorities must change, they add. Information technology, renewable energy and services will rise in importance to the Canadian economy over the next 10 years, the executives said, outpacing mining, automotive and oil. The need for diversification is becoming a strong theme, says David MacDonald, chief executive officer of IT firm Softchoice Corp. in Toronto. The spate of recent initial public share offerings outside the energy sector is one sign of this, he said. To accelerate the shift, he said, the feds should put more emphasis on promoting innovation, particularly in manufacturing and technology. These days, clean energy projects are "scalable," and big traditional energy players, such as TransAlta, Enbridge and Suncor have huge clean energy portfolios.

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