Energy transition and net zero themes announced for Calgary-hosted World Petroleum Congress in 2023

The World Petroleum Congress set to be hosted in Calgary in 2023 can have a theme that units it aside from previous occasions: vitality transition and the trail to internet zero.

It’s the primary time internet zero has been explicitly talked about as a theme to the triennial petroleum {industry} gathering.

“This theme is a vital new route for the World Petroleum Congress and its members, and it displays the thrilling future within the world vitality {industry},” Denis Painchaud, president of the Canadian organizing committee, mentioned in a press release.

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“Lots of what occurs in Calgary will assist form the route of the worldwide vitality {industry} within the years to return.”

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The theme was introduced Wednesday in Calgary on the identical day a draft settlement was launched at COP26 in Glasgow, Scotland, urging international locations to hurry up efforts to part out fossil gasoline subsidies.

The announcement additionally comes out the day after a metropolis committee forwarded a movement for the declaration of a local weather emergency  to a Monday assembly of metropolis council for debate and determination.

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Calgary Mayor Jyoti Gondek repeated an earlier rebuttal to the concept that such a declaration is at odds with a metropolis economic system with the vitality sector as its spine.

“Internet hosting the congress won’t solely drive important financial impression for our metropolis, however it is going to enable us to showcase our experience and the good work that’s occurring proper now as a worldwide vitality transition chief,” Gondek mentioned in a press release, calling the theme “forward-thinking.”

Earlier this 12 months, a coalition of major oil sands companies dedicated to a 97 per cent discount in emissions by 2050 as a part of a internet zero promise.

Click to play video: 'COP26: balancing the environment and the economy in Alberta'

COP26: balancing the atmosphere and the economic system in Alberta

COP26: balancing the atmosphere and the economic system in Alberta – Nov 2, 2021

Minister of Pure Sources Jonathan Wilkinson mentioned the federal authorities would proceed working with corporations to realize internet zero targets.

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“Calgary shall be a superb venue for facilitating these conversations, and for making actual progress in constructing a extra sustainable and affluent economic system for the long run,” Wilkinson mentioned in a press release.

Alberta Vitality Minister Sonya Savage agreed.

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“On the coronary heart of our improvement are the cornerstones of the oil and gasoline sector, innovation, entrepreneurship and ingenuity; with all of those strengths, Alberta is the best place to have these discussions and trade of concepts,” she mentioned in a press release.

Greatest practices have been predominant themes in previous congresses, however occasion organizers mentioned the Calgary gathering hopes to increase its scope to incorporate different industry-adjacent areas like pipelines, petrochemicals, provide chain and clear tech.

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“The Calgary Congress will proceed the custom of addressing the important thing {industry} points, together with local weather change and the atmosphere, and comes at a essential time after COP26 when the world is anticipating a transition to internet zero,” Peirce Riemer, director common for the World Petroleum Council, mentioned.

Occasion organizers count on the twenty fourth World Petroleum Congress will appeal to 15,000 guests from greater than 100 international locations with an area financial impression estimated to be $50 million. Some 500 CEOs and greater than 50 heads of state and vitality ministers are additionally anticipated to be in attendance.

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Click to play video: 'Kenney defends Alberta’s limited participation at COP26'

Kenney defends Alberta’s restricted participation at COP26

Kenney defends Alberta’s restricted participation at COP26

It’s the primary time since 2000 that Calgary has hosted the World Petroleum Congress, and far has modified within the metropolis since then.

Town’s inhabitants has almost doubled from 860,000 to 1.4 million.

The province’s GDP has grown from $208 billion in 2000 to $307.5 billion in 2020, peaking at $338 billion in 2014.

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However the metropolis has additionally been hit onerous by an oil worth crash in 2015 that resulted in an emptying-out of town’s downtown. A current Avison Younger report confirmed town’s downtown emptiness at 29.9 per cent, and metropolis experiences present $16 billion in misplaced property worth.

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Calgary’s 2023 occasion shall be preceded by a COVID-delayed gathering in Houston, TX, in December.

–with information from Reuters

© 2021 International Information, a division of Corus Leisure Inc.

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