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President and Chief Executive Officer
Appointed as President, Chief Executive Officer and a Director of Enbridge in 2012, Al Monaco has led Enbridge through a period of unprecedented growth combined with a continued focus on safety, reliability and environmental protection that has positioned it as North America’s leading energy infrastructure company.
Under Al’s leadership, Enbridge has focused on long-term sustainable growth while maintaining the company’s low-risk business model. In 2017, Enbridge completed the $37-billion acquisition of Spectra Energy, which diversified the company, accelerated its natural gas strategy and expanded its U.S. footprint. Enbridge has invested more than $60 billion in energy infrastructure projects over the last seven years, including Canada’s first export pipeline system to the U.S. Gulf Coast, and the company’s first international offshore wind project.
Enbridge has prioritized sustainability by containing emissions from its operations and diversifying its asset base to reflect the global energy mix. Enbridge has developed an industry-leading approach to stakeholder and Indigenous engagement based on trust, collaboration and economic partnerships. Al is a strong advocate for building diverse and inclusive working environments and has signed Enbridge to Equal by 30, a pledge to support gender equality in the energy sector by 2030.
Al is a champion of North America’s energy industry and its ability to become a global leader by supplying affordable, reliable and responsible energy to the world. He is a Director and member of the American Petroleum Institute Executive and Finance Committees, and a member of the U.S. National Petroleum Council, the Business Council of Canada, the Business Council of Alberta, and the Catalyst Canada Advisory Board.
Al was the recipient of the Fraser Institute Founders Award (2019), and has been recognized as “Canadian Energy Person of the Year” (2017) and “Alberta Business Person of the Year” (2016) by the Energy Council of Canada and Alberta Venture, respectively.
Al is a staunch supporter of the community, including the United Way and the annual Enbridge Ride to Conquer Cancer. Al and his wife Laurie live in Calgary and have three sons.
Al earned a Master of Business Administration from the Haskayne School of Business (Finance) at the University of Calgary. He holds a CPA, CMA designation and is a member of the Chartered Professional Accountants of Alberta. He completed the Advanced Management Program at Harvard Business School.
Speeches and Interviews
Submission to the Standing Senate Committee on Energy, the Environment and Natural Resources re: Bill C-69—April 26, 2019
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Enbridge Inc. 2018 Annual Meeting of Shareholders—May 9, 2018
Mr. Monaco discussed Enbridge's three-year plan and outlook, the company's 2017 milestones and accomplishments, and the opportunity before the energy industry during Enbridge Inc.'s 2018 Annual Meeting of Shareholders at Calgary's Marriott Downtown Hotel.
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2017 Canadian Energy Person of the Year event—November 16, 2017
In a presentation to industry leaders and elected officials at Toronto, where he was named the 2017 Canadian Energy Person of the Year by the Energy Council of Canada, Mr. Monaco said it's time for Canada to be proud of its energy sector, and the role Canada can play in reducing global GHG emissions.
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Illinois Chamber of Commerce -- Sept. 28, 2017
Mr. Monaco spoke about our more affordable, abundant, efficient, sustainable and diverse energy future during a presentation at the Illinois Chamber of Commerce's annual meeting at Chicago's Drake Hotel.
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Alberta School of Business (University of Alberta) -- June 6, 2017
Mr. Monaco spoke about North America's energy future as part of the U of A's Eric Geddes Lecture Series before an energy-industry audience at Calgary's Ranchmen's Club.
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Enbridge Inc. 2017 Annual Meeting of Shareholders -- May 11, 2017
Mr. Monaco discussed the recent Enbridge-Spectra merger, the energy industry's re-emergence as an economic driver, and burgeoning opportunities in natural gas and renewables during Enbridge Inc.'s 2017 Annual Meeting of Shareholders at Calgary's Metropolitan Conference Centre.
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CERAWeek Energy Conference -- March 6, 2017
Mr. Monaco discussed North America's potential energy leadership, the connectivity of the U.S. and Canada energy markets, and the need for sufficient North American infrastructure as part of a Building Tomorrow's Infrastructure panel discussion in Houston at CERAWeek, the world's largest and most influential energy conference.
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Alberta Business Person of the Year 2016 -- November 30, 2016
Mr. Monaco discussed Canada's support of exports and investment, competitive advantages, and business optionality during an Alberta Venture gala dinner in Calgary, at which he was named the Alberta Business Person of the Year for 2016.
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Energy Visions Business Forum -- May 26, 2016
Mr. Monaco discussed the opportunities and challenges for the energy industry during PricewaterhouseCoopers' 7th annual Energy Visions Business Forum before business executives and thought leaders in Calgary.
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See the PowerPoint presentation (514 KB)
Enbridge Inc. 2016 Annual Meeting of Shareholders -- May 12, 2016
During his remarks to shareholders in Calgary, Mr. Monaco discussed North America's global energy competitive advantage and the transition to a lower-carbon economy.
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Petroleum Intelligence Weekly -- March 14, 2016
Mr. Monaco spoke about commodity pricing, Enbridge's ongoing move toward diversification, and the need for connection to tidewater in Canada during an interview with Petroleum Intelligence Weekly.
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Illinois Manufacturers' Association -- December 4, 2015
Mr. Monaco discussed the need to "strike the right balance" between energy and the environment during the keynote address before about 400 business executives at the IMA's annual lunch in Chicago.
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Northern Michigan Chamber Alliance -- September 25, 2015
Mr. Monaco talked about safety, economic development, and Enbridge's history in Michigan before an audience of industry representatives, elected officials, and environmental organizations at Boyne Falls, Michigan.
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Enbridge Enterprise Emergency Response Team (E3RT) exercise in the Straits of Mackinac -- September 24, 2015
Mr. Monaco discussed Enbridge's emergency response readiness, Enbridge's history in Michigan, and the numerous safety precautions built into our Line 5 before an audience of elected officials, regulatory agencies, local community organizations, unions, and regional media at St. Ignace, Michigan.
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Enbridge Inc. 2015 Annual and Special Meeting of Shareholders -- May 6, 2015
Mr. Monaco talked about North America's potential for delivering the world's growing global energy needs, and the role Enbridge is playing in connecting energy supply and demand, in his address to Enbridge Inc. shareholders at Toronto's Four Seasons Hotel.
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IHS CERAWeek Energy Conference -- April 22, 2015
Mr. Monaco discussed the importance of natural gas to North America's energy future during a panel discussion at IHS CERAWeek, the premier annual international gathering of energy industry leaders, experts, government officials, and policymakers, in Houston.
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EVRAZ North America Investment Announcement -- March 31, 2015
EVRAZ North America, a leading steel manufacturer, announced it will be investing $200 million in its Regina operations. Enbridge purchases the vast majority of its large-diameter line pipe from EVRAZ, and Mr. Monaco spoke about the close partnership between the two organizations and our ongoing commitment to quality and pipeline safety.
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Canada-Minnesota Business Council Luncheon -- March 27, 2015
During his first public address to an audience in Minneapolis, Mr. Monaco discussed Enbridge's vital role in the U.S.-Canada energy partnership before a sold-out crowd of business executives and industry thought leaders.
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Interview with Mr. Monaco on CNBC's Mad Money -- Dec. 8, 2014
Mr. Monaco spoke with Mad Money host Jim Cramer about Enbridge's confidence in the North American energy revolution, the need for market access, and the opening of our Flanagan South pipeline.
Watch the interview (7:43)
Interview with Mr. Monaco on BNN's Business Day -- Dec. 4, 2014
Mr. Monaco spoke with host Catherine Murray about Enbridge's financial restructuring plan, increase in dividend payout policy range, and opportunities for further organic growth.
Watch the interview (7:45)
Duluth Chamber of Commerce Annual Dinner and Meeting -- Oct. 22, 2014
Mr. Monaco talked about the North American energy landscape, opening up new markets, and the importance of the Twin Ports to Enbridge's success in his keynote address before an audience of about 1,300.
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Interview with Mr. Monaco on Financial Times' View from the Top -- Oct. 19, 2014
Mr. Monaco engaged with Financial Times' U.S. energy editor Ed Crooks regarding crude oil shipping optionality, the regulatory process, and Enbridge's expansion opportunities.
Watch the interview (5:04)
Interview with Mr. Monaco on CNBC's Mad Money -- Oct. 1, 2014
Mr. Monaco joined Mad Money host Jim Cramer in studio to discuss infrastructure growth, connectivity, and "showing the barrel" to various refining markets.
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TD Securities Calgary Energy Conference -- July 9, 2014
Mr. Monaco discussed the strategic imperative of energy market access before an audience of investors, business leaders, and energy industry representatives.
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Federal Governor-in-Council Decision on Northern Gateway -- June 17, 2014
Mr. Monaco discussed the Canadian federal government's approval of the Northern Gateway project during a media conference call.
Read Mr. Monaco's comments (PDF 258KB)
Mr. Monaco talked about meeting the challenges of developing energy infrastructure before a Calgary business audience.
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Mr. Monaco talked about the demand for new North American midstream infrastructure and sustainable energy development in a wide-ranging interview with Petroleum Intelligence Weekly.
Read the full interview (PDF 142KB)
Mr. Monaco addressed Enbridge Inc.'s shareholders at the Metropolitan Conference Centre Ballroom in Calgary.
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Mr. Monaco joined Mad Money host Jim Cramer to talk about Enbridge's capital growth program, among other subjects.
Watch the interview (7:49)
Interview with Mr. Monaco at Globe 2014 Conference -- March 28, 2014
At the Globe 2014 Business and Environment Conference in Vancouver, Mr. Monaco talked about sustainability, investing in new technology, and reducing our overall environmental footprint.
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Mr. Monaco discussed Enbridge's growth projects, Northern Gateway, and the Alberta political situation on BNN's Headline with Howard Green.
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Bennett Jones Lake Louise World Cup Business Forum
Mr. Monaco addressed an audience of more than 200 business leaders, government officials, and key influencers at Lake Louise, Alta., on Nov. 29, 2013.
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Canadian Club of Montreal
Mr. Monaco addressed an audience of business and community leaders, as well as Line 9 coalition members in Montreal on Nov. 25, 2013.
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Mr. Monaco was profiled by the leading international financial magazine in its November 2013 issue, and was described as being "at the center of the North American energy revolution."
Canada Europe Energy Summit
Mr. Monaco addressed an audience of distinguished leaders from the Canadian energy sector, as well as prominent European-based investors, innovators, and thought leaders, at Canada House in London on Nov. 19, 2013.
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Interview with Mr. Monaco on CNBC's Mad Money
- October 2, 2013
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Interview with Mr. Monaco on Canada's Business News Network- October 1, 2013
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Board of Trade of Metropolitan Montreal
Mr. Monaco addressed an audience of business leaders in Montreal on Sept. 10, 2013
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Read French speech (PDF 257KB)
63rd Oilmen's Business Forum
Mr. Monaco addressed an audience of key oil and gas industry executives at the 63rd Oilmen's Business Forum in Banff, Canada, on Aug. 20, 2013
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NEB Safety Forum
Mr. Monaco presented at the 2013 NEB Safety Forum on June 5, 2013
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Enbridge Inc. 2013 Annual Meeting of Shareholders
Mr. Monaco addressed an audience of shareholders and guests at Enbridge's AGM, held in Calgary, Alberta, on May 8, 2013.
Read remarks (PDF 85.2 KB)
IHS CERAWeek 2013
Mr. Monaco was among the presenters at the IHS CERAWeek conference on March 6, 2013
Interview with CNBC (3:08)
Interview with Reuters (5:46)
Interview with Bloomberg TV (3:35)
Changing Markets - Evolving Expectations
Mr. Monaco discussed the rapidly-changing patterns of supply and demand with the Alberta Enterprise Group on January 30, 2013
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Interview with Mr. Monaco on CNBC's Mad Money- December 10, 2012
Watch the interview (6:55)
2012 London Energy Roundtable
Mr. Monaco presented the Keynote address at the 2012 London Energy Roundtable Conference on November 20, 2012
Interview with Mr. Monaco on CNBC's Mad Money- October 4, 2012
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Interview with Mr. Monaco on Canada's Business News Network- October 3, 2012
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Interview with Mr. Monaco on Canada's Business News Network- August 3, 2012
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TD Economics 2012 Energy Conference
Mr. Monaco presented to the Luncheon Keynote address at the TD Economics 2012 Energy Conference on July 11, 2012
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Navigating the Evolving Global Energy Scene
Mr. Monaco discussed the evolution of the global energy scene and how Canada can respond with the Toronto Board of Trade on June 18, 2012.
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Interview with Mr. Monaco on Canada's Business News Network- June 18th, 2012
Watch the interview (6:46)