The report says the energy sector has a litany of policy challenges, ranging from environmental concerns about pipeline and tanker shipments of crude oil from the pristine West Coast, to worries from the
The report also notes that more discussion needs to take place about what Canada should do with its ever-expanding reserves of crude oil, refined products and liquefied natural gas (LNG) coming on stream over the next few years.
"Canada's capacity to produce oil is coming perilously close to surpassing our ability to transport that product to markets in the U.S.," says Reynold Tetzlaff, PwC's Canadian Energy Leader. "The industry needs to overcome a daunting list of challenges, namely how to manage all of its output."
Industry forecasts suggest that total oil sands output could grow to between 4.2 and 4.5 billion barrels a day between 2012 and 2020 as 28 new projects have either been commissioned or approved.
This year's PDAC is happening in Toronto, have you visited the beautiful city before?
Here's the schedule for today's courses at the conference - come by our booth if you get lost!
People streaming in!
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If you haven't received your conference badge yet, go to the info section at the bottom of the south building!
Check out a great recap of last year's show.
Some of the great discussions happening today are focusing on the challenges of climate change.
It's time to explore the conference! Make sure to visit our booth - #231 for some great prizes!
Next panel up: on Chinese Oil and Natural Gas Investments in North America
Our Energy practice is a leader in the area of governance, risk management and controls. Our energy risk management specialists have specific experience helping companies identify and mitigate the enterprise and operational risks that are specific to the energy industry.
At PwC, our internal audit specialists can help you improve the value and performance of your internal audit function by providing tailored solutions to fit your specific situation and needs. Whether it’s providing you with outsourcing/co-sourcing, internal audit transformation or internal audit start-up assistance, we have a deep knowledge of internal audit, along with subject matter specialists who know the energy industry and its technical risk areas. Our control specialists can help you with:
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The hall looks beautiful!
Tonight's menu sounds delicious!
|6:00 – 7:00 pm||Reception|
|7:00 – 8:30 pm||Dinner|
|8:30 – 9:45 pm||Award Presentations|
|9:45 pm||Coffee & Liqueur Networking Reception|
We love mining too!
We're very proud to be a patron sponsor the 2013 PDAC - we hope to see you all next year!