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The past week saw a surge in energy-related political developments in Canada. Prime Minister Carney issued a unified Mandate Letter to his cabinet on May 21, 2025, emphasizing that Canada “must build an enormous amount of new infrastructure at speeds not seen in generations. This includes the infrastructure to diversify our trading relationships; to become an energy superpower in both clean and conventional energies.” The newly appointed Minister of Energy and Natural Resources, Tim Hodgson, delivered a constructive message during his visit to Calgary, highlighting the importance of building energy infrastructure, including oil and gas. Meanwhile, the Premiers from Western Canada convened a meeting in Yellowknife. They released a joint statement agreeing to plan and develop an economic corridor for “transporting oil and gas, liquefied natural gas, uranium, electricity, and hydroelectricity to Canadian and world markets.” To discuss these developments, we are joined by our guest, The Honourable Gordon Campbell, President of Hawksmuir International Partners Limited. He is the former Premier of British Columbia (2001–2011), Canadian High Commissioner to the UK and Northern Ireland (2011–2016), and Mayor of Vancouver (1986–1993). Here are some of the questions Jackie and Peter posed to The Honourable Gordon Campbell: Based on the Carney government's constructive comments on energy infrastructure and attracting private investment, including the Energy and Natural Resources Minister's trip to Calgary last week, would you anticipate a new approach from the Liberals compared to the previous decade? The Western Premiers issued a joint statement to develop economic corridors, including those for transporting electricity, natural gas, and oil. What types of projects do you expect David Eby's NDP government to support in British Columbia? Would you expect the Federal government to revise or repeal energy policies, particularly those that might deter capital investment, such as the industrial carbon pricing policy set to increase to $170 per tonne by 2030 or the oil and gas emissions cap? Please review our disclaimer at: https://www.arcenergyinstitute.com/disclaimer/ Check us out on social media: X (Twitter): @arcenergyinstLinkedIn: @ARC Energy Research Institute Subscribe to ARC Energy Ideas PodcastApple PodcastsAmazon MusicSpotify
On today's show: Canada's new energy minister Tim Hodgson joins us to talk pipelines and how he feels about current Liberal policy; we get the latest on the Canada Post strike from the local union president; we remember George Wendt who played "Norm" on Cheers, and who also had a lead role in a Stage West production here in Calgary. We reminisce about the late actor with a friend who directed that play.
CBC's West of Centre political podcast breaks down early signals from Canada's new Minister of Energy and Natural Resources as he attempts to reset Ottawa's rocky relationship with Western Canada's energy sector. Tim Hodgson brings both Bay Street credentials and oilpatch familiarity — and he's leaning into both. Guest host Jim Brown was joined by Grant Sprague, former Alberta deputy energy minister; Globe and Mail energy reporter Emma Graney; and Bill Whitelaw, chair of the Canadian Society for Evolving Energy.
Welcome back to Tank Talks! In this episode, host Matt Cohen sits down with John Ruffolo to dissect the latest turbulence in venture capital, political uncertainty, and Canada's looming economic challenges. From shrinking VC deals to a controversial budget delay, this conversation cuts through the noise to reveal what's really happening beneath the headlines.* The steepest drop in Canadian VC deal count since 2020* Seed rounds oversubscribed by U.S. funds, while Series A bars skyrocket* Growth equity freezes as Canadian LPs hunker down* The “denominator effect” myth dies in a two-week market rally* Cabinet curveballs: Tim Hodgson calms resource markets, but policy vacuum lingers* Can Ottawa really cut taxes without a budget vote?* Why investors fear 18 months of fiscal radio silenceVenture Capital in Crisis: Deals Down, Dollars Up (00:00:02)Canada's VC market showed worrying signs in Q1 2025, with just 116 deals - the lowest since 2020 (seed) and 2021 (pre-seed). While total investment held at $1.26B, this was propped up by large late-stage rounds. U.S. investors retreated, forcing startups to rely on shaky domestic funding. AI deals masked deeper weakness - excluding them, the market looked "very, very low." The data reveals growing risk aversion, particularly at early stages, threatening Canada's innovation pipeline as capital becomes increasingly concentrated in fewer, later-stage companies.John's Take: If early-stage funding collapses, innovation dies with it. We're already seeing the warning signs - fewer deals mean fewer future companies getting to Series A and beyond. The government doesn't seem to grasp how critical this pipeline is.Risk Aversion: Canada vs. U.S. (00:02:00)The U.S. market is surging, stocks rally, IPOs soar (eToro jumps 40% on debut), and capital flows despite turbulence. Canada, meanwhile, pulls back as local investors freeze while Americans dive in. The denominator effect fades as rebounding public markets revive LP confidence, unlocking fresh venture funding. Optimism returns, but risks linger beneath the rally's glow. Will momentum hold, or will volatility resurface? For now, the bulls are running, and the world is watching.John's Take: This is classic Canadian risk aversion - we pull back exactly when we should be deploying. In the U.S., they see volatility as an opportunity. Here? We see it as a reason to hide. It's economic self-sabotage.Carney's New Cabinet Sends Mixed Signals (00:11:24)Carney's cabinet shuffle has drawn scrutiny, particularly with controversial picks like Evan Solomon overseeing AI compute. Meanwhile, the budget delay, now pushed to Fall, leaves Canada without a fiscal roadmap for 18 months since the disastrous April 2024 plan. Though the government promises middle-income tax relief, the lack of legislative details fuels skepticism. Is this genuine reform or mere political theater? With uncertainty looming, critics question whether Carney's agenda can deliver.John's Take: Kicking the budget down the road is disrespectful to businesses making investment decisions. You can't claim to be pro-market while operating in a policy vacuum. This isn't governance - it's negligence.Higher Bars, Shifting Tides in Startup Funding (00:06:50)Canadian startups now face tougher Series A requirements, with investors demanding Series B-level metrics like $3M+ revenue. Meanwhile, U.S. capital is pouring into seed rounds, oversubscribing deals as American funds seek early-stage bargains. Yet the later-stage market has frozen, with growth equity drying up amid rising risk aversion. The funding landscape is increasingly polarized, hot at the seed level, brutal for scaling companies. For founders, adaptability is now the ultimate test.John's Take: The U.S. is eating our lunch because they understand something we don't - downturns create winners. While our investors panic, theirs are backing the next generation of companies. We're being outplayed at every turn.The Bottom LineJohn's Final Warning: Canada is at a crossroads. Without urgent policy fixes and a cultural shift toward risk-taking, we'll wake up in five years wondering why all our best companies moved south. The time to act was yesterday.Connect with John Ruffolo on LinkedIn: https://ca.linkedin.com/in/joruffoloConnect with Matt Cohen on LinkedIn: https://ca.linkedin.com/in/matt-cohen1Visit the Ripple Ventures website: https://www.rippleventures.com/ This is a public episode. If you would like to discuss this with other subscribers or get access to bonus episodes, visit tanktalks.substack.com
Will the Liberal government — somewhat refreshed with a few new faces — help reset Ottawa's strained relationship with the West? That's the central question in this episode of West of Centre, as host Kathleen Petty is joined by former Liberal MP and leadership contender Martha Hall Findlay, Saskatchewan political columnist Murray Mandryk, and Calgary Sun writer Ricky Leong for a wide-ranging conversation about federal-provincial fault lines, cabinet signals and the spectre of separatism.The panel unpacks early reaction to Prime Minister Mark Carney's new cabinet — particularly the appointment of Tim Hodgson as energy minister, a move broadly welcomed by industry insiders. Hodgson's background suggests a more pragmatic approach, but skepticism lingers, especially with former environment minister Steven Guilbeault still at the cabinet table, now overseeing culture and identity. The bigger mystery may be whether he'll join Saskatchewan Premier Scott Moe for an ATV ride.The deeper tension, though, lies in Alberta's newly lowered threshold for citizen-led referendums — widely seen as paving the way for a non-binding vote on independence. The panel explores how the strategy may allow Premier Danielle Smith to deflect accountability while channeling public anger. Still, there's broad consensus that most Albertans and Saskatchewanians aren't angry at Canada — they're frustrated with the last federal government. Whether this becomes a moment for renewal or rupture will depend on what kind of leadership emerges on both sides of the divide.
Vrienden. Het is weer die tijd. Het is chaos op de beurs. De oranje wortel a.k.a. Donald Trump veroorzaakt nogal wat met zijn handelsoorlog. Ben je nerveus, moet je wel inleggen? Verkopen? Ja want deze keer is het anders!Voordat je beslist, luister maar. Alsjeblieft.Trigger warning: ben je bang voor goeie boeren, skip de eerste 10 seconden maar.
In this episode Bill sits down with Tim Hodgson, co-founder of the Thinking Ahead Institute, to discuss the transformative journey of the investment industry. Starting from Tim's early career as an institutional investment consultant to the inception of the Thinking Ahead Institute in 2015, they explore the evolution from a business-centric to a more purpose-driven approach. They reflect on CAIA's most recent collaborative effort with Thinking Ahead Institute, while developing a new framework of ethics principles designed to illuminate the investment industry as an interconnected ecosystem. They talk about the collaboration between asset owners and managers, the pursuit of professionalism in the industry, and the intricate dynamics of private and public market investments. They also address global pension systems, demographic shifts, and the ethical considerations vital for sustaining trust and transparency in the investment landscape. Listen in!
There has never been more focus on the ramifications of climate change and yet it seems that the investment industry is not acting swiftly or definitively enough to address them. This month we chat to Tim Hodgson, Co-head of the Thinking Ahead Institute (TAI), and Jeff Chee, who is the Global Head of Portfolio Strategy at WTW about the climate transition and its risks for investors. As we step into creativity, we also chat to Susanna Basso, Creative Director of Climate Culture, about the power of storytelling to drive climate action and shift culture.
Tim Hodgson is co-head of the Thinking Ahead Institute at Willis Towers Watson. He previously worked as an investment consultant. Our wide ranging conversation covers the genesis of the Thinking Ahead institute and what prompted the desire to gather industry thought leaders together to work on the most pressing issues facing not only the industry but the planet.Tim's own career has had many twists and turns and we spend some time on how he learned to think in exponential terms instead of strictly linearly. We translate this thinking into what the outlook for the planet is and Tim is surprisingly sanguine about what progress we will make and the change that we will see in 5 years. This podcast discusses similar themes to those discussed in Episode 72 with Tim's colleague, Marisa Hall co-head of the Thinking Ahead institute. You can find the link to that here:https://open.spotify.com/episode/0ITfgkpUg8NOzDY6XrqEx5?si=0zLrNlEwSKOCybf-MA4R7wThis podcast is brought to you with the kind support of Pluscios Capital, a women-owned, WBENC certified investment management firm based in Evanston, IL. With over 60+ years of combined investment management experience, co-founders Constance Teska and Kelly Chesney are committed to the development of bespoke investment solutions on behalf of institutions and intermediaries. In addition to broadly diversified core and catalyst solutions, Pluscios provides hands on product development support and custom solutions with a focus on diversity-led and emerging managers.
In the final series of the main Fiftyfaces Podcast for 2021, we have a number of treats in store - from members of underrepresented groups that we often don't hear as much about - such as the Native American and the Asian American population - from Bob Snigaroff who moved from a fishing village in Alaska to Wall Street - but via one of Alaska's biggest allocators, and from Susan Soh, whose American-Chinese upbringing often made it seem that everything was planned out - but for whom Adaptive Intelligence (or AQ) has been key. We hear from a number of women making strides and enjoying success in the areas of Climate Tech, where Pippa Gawley shares her vision that this area is the only way to ensure we meet our climate goals, and Margaux O'Brien who has brought her love of asset allocation from South Africa to the University of California with many global stops in between. Elina Kovaleva muses why more women don't see what a wonderful, flexible, career hedge funds can provide and Alexandra Noble reflects on a long, storied career and why she is now focused on giving back and mentoring the next generation of leaders. Moving to London, Andrien Meyers is a true renaissance man, blending a role as an elected official with one in finance, and a broad commitment to social justice in which he is involved in the City of London tackling racism taskforce, while Tim Hodgson, co-leader of the Thinking Ahead Institute takes on a journey of thinking ahead which ends on a surprisingly optimistic note.We also include the voices of wisdom of long-term practitioners in the areas of investment management and private wealth, hearing from Pat Lynch, former leader of Chicago Equity Partners and David Miller, whose weekly diary now reaches over 15,000 readers in 57 countries. Series 5 is brought to you with the kind support of Pluscios Capital, a women-owned, WBENC certified investment management firm based in Evanston, IL. With over 60+ years of combined investment management experience, co-founders Constance Teska and Kelly Chesney are committed the development of bespoke investment solutions on behalf of institutions and intermediaries. In addition to broadly diversified core and catalyst solutions, Pluscios provides hands on product development support and custom solutions with a focus on diversity-led and emerging managers.
Tim Hodgson, co-founder of the Thinking Ahead Institute, and Matt Stoughton-Harris discuss the task that the investment industry faces in response to climate change.
In 1929, detective novelist Arthur Upfield wanted to devise the perfect murder, so he started a discussion among his friends in Western Australia. He was pleased with their solution -- until local workers began disappearing, as if the book were coming true. In this week's episode of the Futility Closet podcast we'll describe the Murchison murders, a disturbing case of life imitating art. We'll also incite a revolution and puzzle over a perplexing purchase. Intro: Jacques Jouet wrote a love poem in the language of Tarzan's great apes. To accompany Apollo 11, the president of Ivory Coast wrote a message to the moon. Above: Snowy Rowles with James Ryan's car, photographed by Arthur Upfield. Sources for our feature on the Murchison murders: Arthur Upfield, The Murchison Murders, 1932. Arthur Upfield, The Sands of Windee, 1931. Arthur Upfield, Up and Down the Real Australia, 2009. Jack Coulter, With Malice Aforethought, 1982. James Morton and Susanna Lobez, Dangerous to Know: An Australasian Crime Compendium, 2009. Travis Barton Lindsey, Arthur William Upfield: A Biography, dissertation, Murdoch University, 2005. Carol Hetherington, "Bony at Home and Abroad: The Arthur Upfield Phenomenon," Journal of the Association for the Study of Australian Literature (2009). Bill Casey, "Some Burning Issues: Arthur Upfield and the Murchison Murders, Marginalising Aboriginal People and Suggestions on Teaching Australia's History of Frontier Violence," Australian Aboriginal Studies 1 (2018), 29-42. "Turning Pages," The Age, July 18, 2015, 29. Christopher Fowler, "Arthur Upfield," Independent, Sept. 15, 2013, 16. Terry Sweetman, "Perfect Murder Around the Fire," [Brisbane] Courier-Mail, Aug. 25, 2013, 55. James Cockington, "Detective Work Pays Off: Enjoy It - Collect," Sydney Morning Herald, Nov. 17, 2010, 13. Rachel Browne, "Perfect Crime," [Sydney] Sun-Herald, June 14, 2009, 3. Bridget McManus, "A Novel Approach to Crime," Sydney Morning Herald, June 8, 2009, 6. Many thanks to Graham Marshall for his help in researching this story. Listener mail: Wikipedia, "The Scottish Play" (accessed Sept. 4, 2019). Royal Shakespeare Company, "The Curse of the Scottish Play" (accessed Sept. 4, 2019). "Macbeth: The Curse of the Scottish Play," Telegraph, Sept. 18, 2015. Laura Schumm, "Why Do Actors Avoid the Word 'Macbeth'?", History.com, April 9, 2014. David Berre, "'Macbeth' Curse of the Stage," Washington Post, Jan. 28, 1988. "'Scottish Curse' Struck Heston in Bermuda," Bernews, April 7, 2013. Tim Hodgson, "Heston's 'Macbeth' Painting Goes on Display," Royal Gazette, April 18, 2016. "Did the Dumb Girl of Portici Really Set Off the Belgian Revolution in 1830?", Focus on Belgium, Aug. 10, 2018. Wikipedia, "La muette de Portici," (accessed Sept. 17, 2019). This week's lateral thinking puzzle was contributed by listener Jim Power. You can listen using the player above, download this episode directly, or subscribe on Google Podcasts, on Apple Podcasts, or via the RSS feed at https://futilitycloset.libsyn.com/rss. Please consider becoming a patron of Futility Closet -- you can choose the amount you want to pledge, and we've set up some rewards to help thank you for your support. You can also make a one-time donation on the Support Us page of the Futility Closet website. Many thanks to Doug Ross for the music in this episode. If you have any questions or comments you can reach us at podcast@futilitycloset.com. Thanks for listening!
Rear Admiral Tim Hodgson MBE, Director Submarine Capability, Ministry of Defence, gives a Testimony at a service to recognise fifty years of Continuous At Sea Deterrent at Westminster Abbey at Noon on Friday 3rd May 2019. #westminsterabbey #continuousatseadeterrent
Tim Hodgson is Head of the Thinking Ahead Group, a pension and asset management think tank originally established by Willis Towers Watson with the aim to tackle some of the systemic problems within the industry. As it works towards creating better outcomes, not just for its clients but also for society as a whole, the group has tackled some big questions, including what the asset owner of tomorrow would look like, the future of the asset management industry and and how a long-term view can add to performance. In 2015, the group became a non-profit institute, led by Hodgson and Global Head of Investment Content Roger Urwin. The institute now has over 40 members, both asset owners and services providers. We talk to Tim about practical obstacles to long-term investing, cognitive diversity and the impact of automation, and how data is shifting the war for talent from portfolio managers to data scientists. Overview Tim Hodgson podcast 2:00 Why was the Thinking Ahead Institute established? 3:00 Do capital markets still work properly for pension funds to invest efficiently? 5:00 Today. markets are more of an exit strategy than a capital raising vehicle 7:30 Pension funds are not investing; they are collecting rents 9:00 If blockchain gets implemented in trading, do we need a distinction between public and private? 11:30 Is putting zero weight on impact (that companies might have) compatible with fiduciary duty? 13:50 Is this simply a way to bring a long term perspective into the discussion? 15:00 Value has a non-monetary component 16:20 Harvesting the long-term premium 18:40 Working with multiple time horizons 23:30 Most people are under-diversified in contingencies; it all depends on economic growth 24:30 How do manager strategies fit in with the total portfolio? 28:30 Cognitive diversity, any headway being made? “I would love to give you a positive answer” 29:00 We are hiring people from the same universities who have done the same degrees. What do we expect? 31:00 How long will we still have hand-build portfolios? 34:50 Big Data, will it have a significant impact on investing? 35:00 I know of one institutional investor who has existed long-only, active management completely. 37:00 The talent war has moved on to data scientists and coders.
Tim Hodgson discusses his role in bringing the Invictus Games to Australia and the growing relationship between event partnerships and socially responsible marketing.
Most of us will never know the horrors of combat. Many servicemen and women suffer life-changing injuries, both visible and invisible, while serving their countries. How do they find the motivation to move on and to not be defined by their injuries? How can they be recognized for their achievements? Prince Harry asked these questions. Following a visit in 2013 to the US-based Warrior Games for wounded, ill and injured military personnel and veterans, he was inspired to create an expanded international version. The first Invictus Games took place in London in 2014 and attracted more than 400 competitors from 13 nations. The second Invictus Games took place in 2016 in Orlando, Florida, and built on the excitement of the London Games with more than 500 competitors from 14 nations. The Invictus Games demonstrate soldiers’ and veterans’ tireless drive to overcome and the power of sport on their journey to recovery. The Invictus Games is about much more than just sport – it captures hearts, challenges minds and changes lives. It is a fascinating story and that’s why we invited Tim Hodgson, Chief Commercial and Marketing Officer, at Invictus Games Sydney 2018, on the show to take us inside their commercial program. During the chat, Tim mentions a few awesome projects he's been a part of and you can find out more about them here. Australia's Greatest Athlete XXXX Gold Beach Cricket Speights Great Beer Delivery Also, in this episode, Mark Thompson, our MD, joins us to talk us through 5 steps to managing a crisis in sponsorship. Here’s Mark. Enjoy
Following the latest figures on deaths from alcohol, Dr Mark Porter talks to liver transplant expert Dr Varuna Aluvihare from King's College London, the largest liver transplant centre in Europe. Targeted cancer therapies - thousands of people with cancer are to have their genes mapped as part of a new drive towards treatment tailored to the individual. But what's in it for the patient? Mark discusses with Prof Peter Johnson, chief clinician for Cancer Research UK. Mark talks to Dr Paul Farrant about caffeine - is there a benefit to having it in your shampoo? Halitophobia - fear of bad breath and what can be done to help. Tim Hodgson and Claire Daniel from the Eastman Dental Hospital in London explain.
HIV testing The first over-the-counter DIY testing kit for HIV is expected to go on sale in America in the next month. It's said to allow people to screen potential sexual partners for HIV before deciding to have sex them - all in the comfort of their own home. But sexual health consultant from London's Chelsea and Westminster hospital Ann Sullivan believes that the idea is flawed as someone could be recently infected and still show a negative result. Her hospital offers an HIV test to all patients who are admitted to the Emergency Department. A positive result is picked up in around 4 people in every thousand tested. Glasgow GP Dr Margaret McCartney analyses the latest HIV figures for the UK - which are on the rise. She advises that safe sex should be practised even with a negative result to help protect people from all sexually transmitted infections. Vitamin D and TB As much of the UK enjoys the last of the summer sun, Vitamin D is back in the headlines. The body makes its own Vitamin D with sun exposure - but supplements in tablet form can be taken by anyone who's deficient. A dose of the Vitamin D was given to patients with tuberculosis - along with the regular antibiotics - and it helped to speed up their recovery. Dr Adrian Martineau, who's a Senior Lecturer in Respiratory Infection and Immunity at Queen Mary University, London, says that the Victorian idea of giving "consumptive" patients of sunshine was spot on. Vitamin B12 A growing number of people believe they're deficient in another Vitamin - B12. Sources of the vitamin include meat, fish and dairy products - so strict vegans can be at risk of deficiency. The vitamin is crucial in the production of red blood red cells and for the normal functioning of the brain and nervous tissue. Symptoms of low levels can include anaemia, tiredness, pins and needles, memory loss and confusion. If it's not addressed promptly the damage can be irreversible. John Hunter who's Professor of Medicine at Cranfield University sees many patients who can't absorb the vitamin because of problems with their gut like Crohn's or Coeliac disease. Another condition - pernicious anaemia - is caused by the lack of a protein required to make absorption possible. As many as 1 in 30 adults have B12 deficiency - rising to 1 in 16 in the over 65s. A blood test which is used to check levels is thought by many doctors and patients to be inaccurate. The top-up injections of B12 are usually given every 2 or 3 months, in spite of many patients saying that their symptoms return well before their next one is due. Martyn Hooper from the Pernicious Anaemia Society says that testing and treatments need to be improved - to stop patients resorting to their own drastic solutions outside mainstream medicine. Mouth Ulcers One in 5 of the UK population will get mouth ulcers at some stage of their lives. For some, they can recur every month or so - in painful crops that can take a fortnight to heal. Some are associated with underlying problems such as inflammatory bowel disease, or vitamin and mineral deficiencies, but in many cases no cause is found. Patients like Ruth have to avoid certain foods - like chocolate and fruit - to reduce the risk of recurrence. She's had ulcers since her teens and now takes immunosuppressant drugs to reduce their impact on her life. Tim Hodgson who's a consultant in oral medicine at the Eastman Dental Institute in London has had some success treating them with drugs like thalidomide. He says that some patients fear that their recurrent ulcers could develop into oral cancer - but that simply isn't the case.