N. Murray Edwards

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N. Murray Edwards
N. Murray Edwards.jpg
Edwards in 2011
Born (1959-12-10) December 10, 1959 (age 58)[1]
Regina, Saskatchewan, Canada
Residence London, England
Nationality Canadian
Education University of Saskatchewan
University of Toronto
Net worth US$ 2.2 billion (est.) (2011)[2]
Spouse(s) Heather Bala
Children 1 son

N. Murray Edwards CM (born December 10, 1959) is a Canadian oil sands financier and a co-owner of the Calgary Flames hockey team. With an estimated net worth of $US 2.2 billion (as of March 2011), Edwards was ranked by Forbes as the 14th wealthiest Canadian and 540th in the world.[3] Edwards launched major Canadian companies including Canadian stalwarts Canadian Natural Resources Ltd and Ensign Energy Services Inc.[4]

Personal life[edit]

Edwards studied at the University of Saskatchewan, graduating with a Bachelor of Commerce (honours), after which he obtained an LL.B from the University of Toronto in 1983.[5] He would later also receive an honorary Doctor of Laws degree from the University of Saskatchewan. In 2013, he received an honorary law degree from the University of Toronto. Through a substantial contribution to the University of Saskatchewan in 2007, the College of Commerce was renamed the N. Murray Edwards School of Business. He was appointed as a member of the Order of Canada in 2013.[5]


Edwards has more at stake in the Canadian oil sands than possibly any other individual. His company, Canadian Natural Resources, has sketched out plans to spend $25 billion to turn the bitumen-bearing sand found in northern Alberta into barrels of crude oil. This media shy lawyer-turned-financier also owns big stakes in Ensign Energy, Canada's second biggest oil services company, and Penn West, one of Canada's biggest energy trusts. In the Calgary Herald’s 2015 executive compensation survey, Edwards’ 2014 earnings as chairman of Calgary-based Canadian Natural Resources Ltd. were rated fourth highest of the city’s 100 largest publicly traded companies at $12.7 million. He also earned almost $2 million as chairman of Ensign Energy Services Inc. Much of his compensation from both companies was in the form of stock options. [6] He owns Resorts of the Canadian Rockies, which owns Fernie Alpine Resort, Kimberley Alpine Resort, Nakiska, Stoneham Mountain Resort, Mont-Sainte-Anne, and Kicking Horse Resort. He owns shares of the Calgary Flames hockey team. He owns over 30% of a management and holding company, Jovian Capital Corp.[7] Edwards is Chairman of the Board of Magellan Aerospace Corporation and the majority holder of Magellan Aerospace, owning ~76% of Common Shares.

Edwards was top shareholder and director of Penn West Petroleum Ltd.. He stepped down in 2005 when it became a trust.[4] In 1992 Edwards hired Bill Andrew to take over Penn West, which at that time, was only a "distressed micro-cap with a staff of six, producing 500 barrels a day." Since then Penn West became one of Canada's largest oil companies.[4]

Political influence[edit]

Edwards is linked to six corporations that have donated a total of $436,227 in campaign contributions to the B.C. Liberal Party since 2005, including $153,480 from oil company Canadian Natural Resources, which he chairs, as well as $131,390 from Imperial Metals, where he is the controlling shareholder and which owns the Mount Polley gold mine in British Columbia, amongst others.[8] In 2013, he helped organize a $1-million fundraiser in Calgary for B.C. Premier Christy Clark’s re-election bid.[8]

See also[edit]


External links[edit]