Canada's Energy Industry 'Too Conservative' Right Now

The speaker discusses their transition from managing large funds to helping small companies secure financing, highlighting the challenges faced by innovative ideas in obtaining funding due to risk aversion. The energy industry's conservative approach is examined, emphasizing the need for productivity improvements through new technology. The concept of the innovator's dilemma is explored, illustrating the difficulty established companies face in upgrading technology due to entrenched management practices.

What challenge does the speaker mention about good ideas in the current financial environment?

• They are easily funded.

• They face difficulties in getting financed.

• They are not needed.

• They are always successful.

Why is the energy industry described as conservative?

• It is open to high-risk investments.

• It frequently adopts new technologies.

• It is rapidly changing its business models.

• It relies on traditional methods and hopes for price recovery.

What does the speaker suggest the energy industry needs to focus on?

• Reducing workforce.

• Improving productivity through new technology.

• Expanding geographically.

• Increasing prices.

What is the 'innovator's dilemma' as described by the speaker?

• The challenge of maintaining old technology.

• The difficulty of upgrading technology without disrupting existing systems.

• The ease of adopting new innovations.

• The problem of having too many innovations.

Why is it tough for long-standing management to adopt new technology?

• They lack the resources.

• They are always looking for new ideas.

• They believe the current system is optimal.

• They are too young to make decisions.