E355 - Current & Critical - Albert Lee, Orphan wells in Alberta and building technology to manage them
“Regulations are a fact of life. You’ve got to know the rules of the area you’re working [in].”
According to Albert, Canada’s energy sector often slowly adopt emerging technologies and regulations. Yet with ESG planning taking over boardrooms, there’s a growing need to do a better job at managing industry impact. Embracing emerging technology, such as AI, is one example of how energy producers can ensure future success and improve overall liability strategies. Albert also explains how Closure began as a consultancy firm that developed software tools to scale worker capacity and organizational efficiency and how Closure leveraged non-dilutive capital. This episode will inspire you to do the right things, even when they are hard, to ensure longevity and value far into the future.