Murray Edwards

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Person.png Murray Edwards  Rdf-entity.pngRdf-icon.png
(billionaire, businessman)
N. Murray Edwards.jpg
Regina, Saskatchewan, Canada
Alma materUniversity of Saskatchewan, University of Toronto
Children1 son
SpouseHeather Bala
Intereststar sand
Tar sands billionaire, where he jas more at stake than possibly any other individual.

Norman Murray Edwards[1] is a Canadian tar sands financier and a co-owner of the Calgary Flames hockey team. With an estimated net worth of $US 1.5 billion (as of March 2019), Edwards was ranked by Forbes as the 32nd wealthiest Canadian and 1511th in the world.[2] Edwards has launched several major Canadian companies, including Canadian Natural Resources Ltd, Magellan Aerospace Corporation and Ensign Energy Services Inc.[3]

Personal life

Edwards studied at the University of Saskatchewan, graduating with a Bachelor of Commerce (great distinction), after which he obtained an LL.B from the University of Toronto (honors) in 1983.[4] He would later also receive an honorary Doctor of Laws degree from the University of Saskatchewan and the University of Calgary. 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.[4]


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 Magellan Aerospace Corporation. 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.[5] 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.[6] 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.[3] 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.[3]

In 2018, as CEO of Canadian Natural Resources Limited, Edwards placed seventh out of 100 of the top earners in Calgary with a total compensation of $10,764,001 according to a Global Governance Advisors' survey posted by The Calgary Herald.[7]

Political influence

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]


Event Participated in

Bilderberg/20085 June 20088 June 2008US
The 56th Bilderberg, Chantilly, Virginia, 139 guests