ATCO Chief’s Bold Warning

Nancy Southern, the dynamic CEO of ATCO Ltd., is brimming with optimism about Canada's ambitious plans to bolster major energy projects. However, she’s raising serious concerns about the detrimental effects of the ongoing discussions surrounding Alberta's potential separation from Canada.

Investment Boom on the Horizon?

During ATCO’s annual meeting, Southern highlighted the federal government's dedication to creating vital energy corridors and advancing infrastructure projects. "Canada might be on the brink of a colossal investment boom, spanning from ports and rail to LNG and ammonia exports on the West Coast," she declared, urging unity and decisive action to seize this moment.

Separation Talks Hindering Potential

After the meeting, Southern shared her worries about the political chatter regarding Alberta's separation and how a referendum could deter crucial investments in the province. "This discussion of separation should receive no attention. A united Canada is undeniably stronger than any fragmented state or province," she stated emphatically.

The Stakes Are High for Alberta

With ATCO employing over 5,000 people in Alberta and around 21,000 worldwide, the stakes are incredibly high. The company is involved in several major projects in Alberta, including a $2 billion natural gas pipeline along the Yellowhead Highway and a proposed multi-billion-dollar hydrogen hub.

Global Concerns Over Local Uncertainty

Southern pointed out that the lack of business confidence is palpable and has raised alarms among their export partners in Asia, who are anxious about Canada’s stability, especially regarding transportation challenges and environmental regulations. In her words, "This endless back-and-forth between provincial and federal governments is frustrating. Yet, we now have a prime opportunity to collaborate and truly become the energy superpower we aim to be."