Conference Address for John Rhind

It?s a pleasure to be with you in Vancouver today to reinforce the good work you and your companies do to develop and operationalize new technology as a lever to improve operational performance and reduce our impact on the environment in absolute terms. Although I will use the work we do at Shell to reinforce this perspective, the principles apply to all of us in this industry regardless of whether you are a producer or supplier. I?d like to help demystify the future of Canada?s oil sands based on Shell?s view of global energy developments, including forecasted demand. One of the incontrovertible truths of this era of global energy defines change as an unchangeable law of progress. Another tells us that the art of progress is to preserve order amid change and to preserve change amid order. These axioms help frame the increasingly public debate about the future of Canada?s oil sands. I hope to illustrate how Shell?s commitment and investments create positive progress that embraces change amid order in the oil sands. I?m going to spend a little time today to focus the spotlight on the future of the oil sands to help demystify Canada?s hydrocarbon energy future. To do that, I?ll identify the features of our future energy security, including three hard truths about global energy that drive Shell?s business imperatives. Then, it?s instructive to examine Canadians? current consciousness about oil sands sustainability.