Al Monaco to Receive ACR’s 2022 Resource Leadership Award
We are pleased to announce Al Monaco as ACR’s 2022 Resource Leadership Award Recipient. Mr. Monaco and his work towards responsible resource development in Alberta will be celebrated at ACR’s Awards Banquet on February 15, 2023 in Edmonton, Alberta.
Al Monaco,
President and Chief Executive Officer, Enbridge Inc.
2022 Resource Leadership Award Recipient
Appointed as President, Chief Executive Officer and a Director of Enbridge in 2012, Al Monaco has led Enbridge through a period of great transformational growth combined with an intensified focus on safety, reliability and environmental protection that has positioned it as North America’s leading diversified energy delivery company.
Under his leadership, Enbridge has focused on long-term sustainable growth and a balanced and deliberate energy transition—delivering total shareholder return of more than 130%, EBITDA growth of more than 270% and dividend growth of more than 190%.
Enbridge during this period invested more than $100 billion in energy infrastructure projects, including the acquisition of Spectra Energy in 2017, which accelerated the company’s natural gas strategy and expanded its U.S. footprint. Additionally, the company expanded its LNG pipeline connections and export capabilities, made its first investment in liquefaction (Woodfibre), invested nearly $10 billion in renewables including major investments in solar and wind and accelerated its investment in other lower carbon technologies, renewable natural gas, hydrogen, and carbon capture and storage.
Al has become a leading advocate for a smart energy transition and for a North American energy strategy that assures the world of affordable, safe, reliable and responsible energy. Enbridge strengthened its position as an industry leader in environmental, social and governance (ESG) performance. It was among the first in the energy midstream space to set a goal to achieve net zero greenhouse gas emissions by 2050 and the first to set public goals for diversity, equity and inclusion.
Al is a director and member of the executive committee of the American Petroleum Institute; a director of Weyerhaeuser; and a member of the Business Council (US); the U.S. National Petroleum Council, the Business Council of Canada, the Business Council of Alberta, and the Catalyst Canada Advisory Board.
Al is the recipient of the Fraser Institute’s Founders Award (2019) and has been recognized as “Canadian Energy Person of the Year” (2017), the “Alberta Business Person of the Year” (2016) by the Energy Council of Canada and by Alberta Venture (2016), respectively, and the Haskayne Alumni Award (2020). Most recently, Al was awarded the Honouring Integrity, Legacy and Leadership (HILL) Award from the University of Regina.
He earned his MBA from the Haskayne School of Business at the University of Calgary and is a CPA. He also completed the Advanced Management Program at Harvard Business School.
Al and his wife Laurie live in Calgary and have three sons.
