The BC Oil and Gas Commission (OGC) is a regulatory agency that oversees the oil and gas industry in the province of British Columbia. It is a Crown corporation whose purview includes upstream exploration, downstream development, pipeline transportation and environmental reclamation.
Along with its significant roster of subsidiary companies, Power Corporation of Canada (Power Corporation) manages one of the largest pools of wealth in the country, with assets totalling over C$445.5 billion.3 Power Corporation’s complex web of subsidiaries includes the insurance, investment services, communications, media, energy, waste and mineral extraction sectors. Through its controlling share of key subsidiary Power Financial, Power Corporation operates two of Canada’s largest non-bank financial services and insurance companies: IGM Financial and Great-West Lifeco.
The Alberta Energy Regulator (AER) is the single regulator of energy development in Alberta, with a mandate to provide for the “safe, efficient, orderly, and environmentally responsible development” of hydrocarbon resources in the province.4
The Canada Pension Plan Investment Board (CPPIB) is a Canadian Crown corporation that manages funds held in the Canada Pension Plan (CPP). Acting on behalf of 20 million Canadian contributors and beneficiaries, the CPP is one of the largest private equity investors in the world, with over $368.5 billion in its entire portfolio.5
Established in 1817, the Bank of Montreal (BMO) is Canada’s oldest bank and one of its largest, with eight million customers across the country. The company has three main subsidiaries: BMO Harris Bank provides commercial and retail services in the US, BMO Capital Markets provides investment management and BMO Nesbitt Burns is its investment advising firm.
C3 Alliance Corp. is a private consulting firm that specializes in Indigenous engagement and negotiation in the context of resource extraction. It leverages the experience of its staff—many of them former government and industry executives from mining, oil and forestry sectors—to lobby government in the interests of resource extraction, and to advise industry on how to avoid conflict when working with Indigenous communities whose territories are implicated in their operations. While C3 Alliance also contracts its consulting services to Indigenous communities looking to increase benefits to them from resource development, the largest share of C3 Alliance’s client base is industry—primarily mining, forestry, fracking and pipeline companies.6
The Canadian Imperial Bank of Commerce (CIBC) is one of Canada’s oldest banks—2017 marked its 150th year in business. It is also one of the largest. Its four business units—personal banking, Canadian commercial banking and wealth management, American commercial banking and wealth management, and capital markets—control an asset base topping C$565 billion.7