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 is the significance of cannibalizing existing technology for companies?

Why is it difficult for management to upgrade their technology according to the text?