Is Calgary still an oil and gas town or has it moved on?
Perhaps the most significant thing to understand about the energy sector that has come to define Calgary is this: The growth of this industry has been fuelled by new technologies and an acknowledgment that past methods cannot be sustained into the future. In fact, the energy industry has been in transition since its inception.
Look at renewables. In 2022, Western Canada accounted for 98 per cent of Canada’s total growth in wind and solar installed capacity. When you compare this with Eastern Canada’s contribution,’s growth in renewables was more than 38 times greater than that of Ontario, Quebec and Nova Scotia combined. This notion of meaningful work is what has driven many technology companies to locate their head offices in Calgary. Realizing their opportunity to help bring about change, 66 per cent of cleantech companies target customers in oil and gas. These tech firms know their work is valued in these industries., more than half of the 945 cleantech companies in Alberta call Calgary home.
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