N. Murray Edwards
Norman Murray Edwards | |
|---|---|
| Born | December 10, 1959 Regina, Saskatchewan, Canada |
| Occupation(s) | Entrepreneur, financier |
| Known for | Head of Calgary Sports and Entertainment Corporation; founder of Canadian Natural Resources Ltd, Magellan Aerospace, Ensign Energy Services Inc. |
Norman Murray Edwards (born December 10, 1959) is a prominent Canadian entrepreneur and financier specializing in the oil sands sector. He serves as the head of the Calgary Sports and Entertainment Corporation (CSEC), the organization responsible for managing Calgary's Scotiabank Saddledome and owning professional teams such as the Calgary Flames, Calgary Hitmen, Calgary Roughnecks, Calgary Stampeders, and Calgary Wranglers. As of December 2022, Edwards' wealth was approximated at US$2.7 billion, positioning him 32nd among Canadian billionaires and 1511th worldwide according to Forbes. He is the founder of several leading Canadian enterprises, including Canadian Natural Resources Ltd, Magellan Aerospace, and Ensign Energy Services Inc.
Personal life
Edwards earned a Bachelor of Commerce degree with great distinction from the University of Saskatchewan and completed an honors LL.B at the University of Toronto in 1983. He has been awarded honorary Doctor of Laws degrees by the University of Saskatchewan, University of Calgary, and University of Toronto. In recognition of his impactful contributions, the College of Commerce was renamed the N. Murray Edwards School of Business in 2007. In 2013, he was inducted as a member of the Order of Canada.
Career
Edwards possesses significant investments in the Canadian oil sands industry. His enterprise, Canadian Natural Resources, has plans to allocate $25 billion toward converting bitumen deposits in northern Alberta into crude oil production. Additionally, he holds ownership stakes in Ensign Energy, which ranks as Canada’s second-largest oil services company, and maintains a majority ownership (approximately 76%) along with serving as Chairman of Magellan Aerospace Corporation.
In 2014, Edwards’ total earnings as chairman of Canadian Natural Resources Ltd. reached $12.7 million, placing him fourth among executives in Calgary. His compensation from Ensign Energy Services approached $2 million, with a substantial portion derived from stock options. Beyond energy, Edwards owns Resorts of the Canadian Rockies, operating multiple ski destinations such as Fernie Alpine Resort and Kicking Horse Resort, and holds equity in the Calgary Flames hockey franchise.
Previously, Edwards was the principal shareholder and director at Penn West Petroleum Ltd., resigning from these roles in 2005 when it transitioned to a trust structure. In 1992, he appointed Bill Andrew to lead Penn West, which subsequently grew into one of Canada’s largest oil companies.
By 2018, serving as CEO of Canadian Natural Resources Limited, Edwards ranked seventh among Calgary’s highest-paid executives with total remuneration amounting to $10.76 million according to a Global Governance Advisors report covered by The Calgary Herald.
Politics
Companies associated with Edwards have contributed a total of $436,227 to the B.C. Liberal Party since 2005. This includes $153,480 from Canadian Natural Resources, where he serves as chairman, and $131,390 from Imperial Metals, in which he holds controlling interest. In 2013, Edwards played a key role in organizing a $1-million fundraising event in Calgary supporting B.C. Premier Christy Clark’s re-election campaign.
See also
External links
- Living people
- Business figures from Saskatchewan
- Individuals from Regina, Saskatchewan
- Alumni of the University of Saskatchewan
- Canadian billionaires
- Alumni of the University of Toronto
- Born in 1959
- Calgary Sports and Entertainment
- Owners of the Calgary Flames
- Graduates of the University of Toronto Faculty of Law
- Canadian expatriates residing in England
- Canadian entrepreneurs in the oil sector