Alberta
Enserva key to unlocking Canadian energy: CEO Gurpreet Lail

Photo for the Canadian Energy Centre by Dave Chidley
From the Canadian Energy Centre
By Cody Ciona“We are in the quality of life business, and that’s exactly what our business provides.”
A lawyer by education, with terms in high profile roles as executive director of STARS Air Ambulance and CEO of Big Brothers Big Sisters Calgary, Gurpreet Lail is no stranger to working in organizations dedicated to helping everyday Canadians.
Now two years into her term as the president and CEO of Enserva , formerly known as the Petroleum Services Association of Canada, Lail’s work continues to focus on improving quality of life.
She has no qualms about stating her support for the work the energy industry is doing.
“I will be the first one to say stop apologizing for the work we do, because the work that we do actually, no pun intended, fuels Canadians. We are in the quality of life business, and that’s exactly what our business provides.”
Enserva represents the service, supply and manufacturing sectors of the Canadian energy industry. This includes companies that supply hydraulic fracturing services to equipment suppliers and oilfield construction.
As the energy industry innovates towards more sustainable, low emissions products, she is confident that Enserva’s membership is more than up for the challenge.
“We are all moving to a new energy mix, and we all realize that as an industry we’re going to need new forms of energy to help us meet the demands of the future, especially when we look at global demand,” Lail says.
“Every company we represent has been diversifying their business to make sure we have a cleaner future. A lot of our companies are bringing in technology and artificial intelligence processes that are going to help streamline energy well into the future.

Photo for the Canadian Energy Centre by Dave Chidley
Enserva members are unlocking Canadian energy to make the world a better place, she says.
“They bring their services, they bring their supplies, they bring their manufacturing, globally.”
This includes technology used by drilling companies to replace their diesel fleets with natural gas power and other alternative energy sources, which reduces emissions while drilling wells.
“They just want to do good work, they want to make sure we can provide for Canadians, and they want to provide back into the community with community investments,” Lail says.
“You cannot go into rural Alberta or rural Canada and not see energy companies putting up community rinks or helping local hospitals or making sure your local Tim Hortons is still in business.”
Indigenous reconciliation is an ongoing process, and in Canada, where the oil and gas industry employs thousands of Indigenous workers across the country, she says working with those communities is crucial.
“It’s a good thing to do and it’s the right thing to do, and a lot of other industries aren’t quite thinking that way.”
In her eight years at STARS, Lail helped grow the organization to span three provinces and was a leading driver working with Enserva on the annual STARS & Spurs Gala. The event has raised over $20 million, 29 years and counting.
“STARS has become a fabric of our businesses; it helps save lives including those of our members, and we’re proud of that.”
In the ever-changing dynamic of Canada’s oil and gas industry, more women are finding themselves, like Lail, driving the conversation about Canadian energy.
“If there’s young women out there, or women in general I would always tell them to get involved and don’t shy away from coming into the sector,” she says.
Alberta
Low oil prices could have big consequences for Alberta’s finances

From the Fraser Institute
By Tegan Hill
Amid the tariff war, the price of West Texas Intermediate oil—a common benchmark—recently dropped below US$60 per barrel. Given every $1 drop in oil prices is an estimated $750 million hit to provincial revenues, if oil prices remain low for long, there could be big implications for Alberta’s budget.
The Smith government already projects a $5.2 billion budget deficit in 2025/26 with continued deficits over the following two years. This year’s deficit is based on oil prices averaging US$68.00 per barrel. While the budget does include a $4 billion “contingency” for unforeseen events, given the economic and fiscal impact of Trump’s tariffs, it could quickly be eaten up.
Budget deficits come with costs for Albertans, who will already pay a projected $600 each in provincial government debt interest in 2025/26. That’s money that could have gone towards health care and education, or even tax relief.
Unfortunately, this is all part of the resource revenue rollercoaster that’s are all too familiar to Albertans.
Resource revenue (including oil and gas royalties) is inherently volatile. In the last 10 years alone, it has been as high as $25.2 billion in 2022/23 and as low as $2.8 billion in 2015/16. The provincial government typically enjoys budget surpluses—and increases government spending—when oil prices and resource revenue is relatively high, but is thrown into deficits when resource revenues inevitably fall.
Fortunately, the Smith government can mitigate this volatility.
The key is limiting the level of resource revenue included in the budget to a set stable amount. Any resource revenue above that stable amount is automatically saved in a rainy-day fund to be withdrawn to maintain that stable amount in the budget during years of relatively low resource revenue. The logic is simple: save during the good times so you can weather the storm during bad times.
Indeed, if the Smith government had created a rainy-day account in 2023, for example, it could have already built up a sizeable fund to help stabilize the budget when resource revenue declines. While the Smith government has deposited some money in the Heritage Fund in recent years, it has not created a dedicated rainy-day account or introduced a similar mechanism to help stabilize provincial finances.
Limiting the amount of resource revenue in the budget, particularly during times of relatively high resource revenue, also tempers demand for higher spending, which is only fiscally sustainable with permanently high resource revenues. In other words, if the government creates a rainy-day account, spending would become more closely align with stable ongoing levels of revenue.
And it’s not too late. To end the boom-bust cycle and finally help stabilize provincial finances, the Smith government should create a rainy-day account.
Alberta
Governments in Alberta should spur homebuilding amid population explosion

From the Fraser Institute
By Tegan Hill and Austin Thompson
In 2024, construction started on 47,827 housing units—the most since 48,336 units in 2007 when population growth was less than half of what it was in 2024.
Alberta has long been viewed as an oasis in Canada’s overheated housing market—a refuge for Canadians priced out of high-cost centres such as Vancouver and Toronto. But the oasis is starting to dry up. House prices and rents in the province have spiked by about one-third since the start of the pandemic. According to a recent Maru poll, more than 70 per cent of Calgarians and Edmontonians doubt they will ever be able to afford a home in their city. Which raises the question: how much longer can this go on?
Alberta’s housing affordability problem reflects a simple reality—not enough homes have been built to accommodate the province’s growing population. The result? More Albertans competing for the same homes and rental units, pushing prices higher.
Population growth has always been volatile in Alberta, but the recent surge, fuelled by record levels of immigration, is unprecedented. Alberta has set new population growth records every year since 2022, culminating in the largest-ever increase of 186,704 new residents in 2024—nearly 70 per cent more than the largest pre-pandemic increase in 2013.
Homebuilding has increased, but not enough to keep pace with the rise in population. In 2024, construction started on 47,827 housing units—the most since 48,336 units in 2007 when population growth was less than half of what it was in 2024.
Moreover, from 1972 to 2019, Alberta added 2.1 new residents (on average) for every housing unit started compared to 3.9 new residents for every housing unit started in 2024. Put differently, today nearly twice as many new residents are potentially competing for each new home compared to historical norms.
While Alberta attracts more Canadians from other provinces than any other province, federal immigration and residency policies drive Alberta’s population growth. So while the provincial government has little control over its population growth, provincial and municipal governments can affect the pace of homebuilding.
For example, recent provincial amendments to the city charters in Calgary and Edmonton have helped standardize building codes, which should minimize cost and complexity for builders who operate across different jurisdictions. Municipal zoning reforms in Calgary, Edmonton and Red Deer have made it easier to build higher-density housing, and Lethbridge and Medicine Hat may soon follow suit. These changes should make it easier and faster to build homes, helping Alberta maintain some of the least restrictive building rules and quickest approval timelines in Canada.
There is, however, room for improvement. Policymakers at both the provincial and municipal level should streamline rules for building, reduce regulatory uncertainty and development costs, and shorten timelines for permit approvals. Calgary, for instance, imposes fees on developers to fund a wide array of public infrastructure—including roads, sewers, libraries, even buses—while Edmonton currently only imposes fees to fund the construction of new firehalls.
It’s difficult to say how long Alberta’s housing affordability woes will endure, but the situation is unlikely to improve unless homebuilding increases, spurred by government policies that facilitate more development.
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