How Emera Is Building A North American Energy Powerhouse From Halifax
With annual revenues of more than $5 billion and $36 billion in assets, the importance of Emera on the regional economy is not well understood. In a wide-ranging conversation on the "Insights" podcast with Emera's President & CEO, Scott Balfour, Don Mills and David Campbell learned that only 30 percent of the company's revenue is generated in Nova Scotia, with the bulk of the rest coming from the U.S.
With annual revenues of more than $5 billion and $36 billion in assets, the importance of Emera on the regional economy is not well understood. In a wide-ranging conversation on the "Insights" podcast with Emera's President & CEO, Scott Balfour, Don Mills and David Campbell learned that only 30 percent of the company's revenue is generated in Nova Scotia, with the bulk of the rest coming from the U.S.
This revenue supports a couple of hundred high-paying head office jobs in Halifax. Emera spends more than $2 billion annually on goods and services in the region, benefitting more than 7,000 companies across Atlantic Canada and creating more than 4,000 indirect jobs.
At the same time, its subsidiary companies like Nova Scotia Power are in transition from thermal electric generation to renewable energy to achieve net zero emissions by 2030. Scott talks about the challenge of closing coal plants before their time and the strategies to replace this source of energy.
You can listen to their conversation in the player above or download the show on your preferred podcast platform.
The “Insights” podcast combines the experiences of an economist, David Campbell, and a social scientist, Don Mills, to explore the challenges and opportunities facing Atlantic Canada, promote data-driven decision-making among policymakers, and encourage a wider dialogue and debate leading to greater prosperity for the region.
Search for “Huddle Insights” on podcast platforms like Apple and Spotify, and follow the show so you don’t miss an episode. You can also listen to past conversations there.
