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Then & Now: The paradigm shift in Canada’s power business

Whereas HOP adoption varies throughout corporations, many have embraced the strategy. Elliott says some are already superior of their implementation, whereas others are simply beginning to discover its potential. “Good concepts unfold naturally,” he says, whereas dismissing the notion that business competes on the subject of security, and as an alternative promotes a tradition of sharing and studying from each other.

Addressing rising challenges: Local weather change and renewables

With an rising give attention to local weather change and its influence on the power sector, Elliott highlighted the business’s proactive strategy. “There’s quite a lot of work happening by corporations to determine their dangers,” he says. From excessive warmth to wildfires to extreme storms, organizations are creating plans to mitigate the influence of climate-related hazards.

The business’s foray into renewables additionally necessitates adapting security practices. Whereas Elliott says there are not any new hazards, he factors out every renewable power supply presents a novel mixture of dangers saying, “you see a special mixture of hazards for various renewables.” Firms are actively figuring out and managing these dangers to make sure a secure transition to cleaner power options.

Wanting forward: The way forward for security within the power sector

Because the business strikes in direction of a future put on of carbon emissions and fewer reliant on fossil fuels, Elliott believes the ideas of HOP will proceed to drive steady enchancment. Nonetheless, a key problem lies in managing the altering workforce. As skilled employees retire and new staff be part of the business, imparting a robust security mindset and needed expertise turns into paramount.

Elliott acknowledges addressing this problem requires the collective effort of business leaders, thought leaders, and senior executives. Elliott believes “change has to begin with leaders,” indicating the essential function that top-level dedication performs in driving security enhancements.

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