This week's Insights Podcast features a revealing interview with oil & gas veteran, Phil Knoll who has held senior roles with major companies like AltaGas and Duke Energy as well as Maritime & Northeast Pipelines and Corridor Resources (now Headwater Exploration) in the region. Knoll was CEO of Corridor Resources when the Gallant Government in New Brunswick imposed a moratorium on shale gas exploration. Headwater Exploration is the only company still producing natural gas in Atlantic Canada from its field near Sussex. He talks about shale gas exploration and its safety records over decades in terms of environmental impact. He also provides an estimate of the size of gas reserves in New Brunswick which would be sufficient to supply the current needs in the region for the next century. Currently Atlantic Canada imports hundreds of millions of imported natural resources, money that could benefit the region if the gas from the region was developed. Knoll also points out that natural gas will be needed for the foreseeable future in the transition to green energy in order to ensure sufficient baseload to meet peak demand, especially during the heating season. This is a conversation that everyone should listen to in order to better understand the transition to a green economy.

There are 140+ financial technology (fintech) firms located in Atlantic Canada ranging from small startups to Verafin with more than 900 employees in St John’s. Fintech employs over 4,000 people in Atlantic Canada. Why is this sector thriving in Atlantic Canada? This week Don and David talk with Lori Weir, Co-Founder and CEO of Four Eyes Financial about fintech and why so many firms are choosing Atlantic Canada. Four Eyes is a rapidly growing firm based in Saint John with 50+ employees and ambitious plans to expand their business into the United States and the United Kingdom. What is the value proposition? What can we do to support this growing cluster of firms? Lori, Don and David answer these questions and more.
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Nova Scotia's Efforts to Transition to Green Energy

On this episode of the Insight Podcast, we feature a conversation with Peter Gregg, the CEO of Nova Scotia Power, who is faced with the challenge of ensuring 80% of electricity is produced by green energy resources by 2030. That is indeed a challenge given only 43% of electricity is currently produced by green energy (mostly wind). Nova Scotia is also faced with being the highest user of coal generated electricity and has a mandate to stop using coal by 2030. As Gregg mentions, some of the current coal generating plants will be closed and some will be repurposed to use natural gas to meet peak electricity demands. The transition will be expensive and the impact on affordability for users is still to be determined. For example, there is a need for high-capacity battery storage to support wind power. Gregg also talks about the need to increase generation capacity by 60% by 2060 to serve a growing population and energy demand and the challenges of climate change which has seen a 54% increase in the frequency of winds above 80 kms/hour in the last five years. He also discusses a number of other renewable energy sources, including nuclear power.