Reshaping the 21st Century - Alberta is back
In January 2021, the US experienced armed protesters storming the Capital, challenging its election results. This February we in Canada experienced protests against Covid mandates employing a truck convoy. The protests were lightweight compared this March's protest as the Russian leader Putin protests history by employing tanks to seize Ukraine. I dare not speculate what lies ahead for April, but the trend is one of escalation. The NATO coalition is trying hard to tame its response in the face of Russia's inhuman violence.
The recent protests have each erupted - sharing the build up of big issues neglected and unresolved. Is there a common underlying factor? Is there a reason why reasonable people in our liberal agencies and institutions have failed to quell the unrest? Consider the impotence of the UN. Also consider the challenge of public health and public education to balance supplier and consumer, public and private, interests.
Why are people resorting to violence to resolve these pent-up frustrations. Why now? Has Covid and the associated isolation/ mandates suppressed expression to the point that grievances become socialized and explosive? Has the internet reached a point where minor events become major, serving to engage masses far beyond what institutions, including the police, have been accustomed or able to contain? Have education levels reached a point where formerly private citizens are disposed to engage in public protests that would have petered out in earlier generations? Unresolved public issues just seem to have reached a point where the lid has blown off. The mess has elevated the impact of misinformation/ propaganda/ conspiracies on the public.
The last time I witnessed such chaos was during the '60s when Kennedy was shot, the Cold War was peaking, desegregation riots were daily, urban warfare seemed imminent, and Vietnam followed. And now we have Putin's war increased energy insecurity muting simmering issues encompassed by ESG.
Barbara Shecter wrote in the National Post "Ukraine crisis puts focus on ESG principles". She cites how investors are reallocating their Russian assets noting: 1) Maybe they should have considered ESG before investing in Russia in the first place and 2) Musing whether ESG considerations will have a bearing on where the assets are next allocated.
Given the contrast between oil producing nations and their autocratic regimes and the west, Alberta may find itself again a preferred site for nations seeking energy security and investors seeking to reallocate their assets and capitalize on energy opportunities.
Why preferred? Canada is by comparison politically stable. Civil in applying the rule of law. Socially mature and well-educated. Possessing an inventory of the 3rd largest hydrocarbon reserves in the world. Extraordinary investment and technological progress in emissions reduction. Respectful of its environment and the relevance of balancing energy, environment, and economic objectives.
Add in that the impact of nations seeking energy independence from despotic oil producing nations and the Far East's appetite for energy and agri-foods. Stay tuned - Alberta is back. Stay tuned as we continue to seek and share what the public, industry, and government are doing to balance their shared energy, environment, and economic interests. - Editor
CONTRIBUTIONS received do not necessarily represent the views of the KEI Network
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