Senior Legal Counsel, Alberta Securities Commission. My tweets are my own and may not represent the views of the ASC or staff. Tweets are not legal advice.

Calgary, Canada
Joined July 2011
Chad Conrad retweeted
Even in darkness, we glow. In this image of Earth taken by the Artemis II crew, we can see the electric lights of human activity. In the lower right, sunlight illuminates the limb of the planet.
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Replying to @ceconrad
@ceconrad - this is for you! Everyone, go to paulapoundstone.com to see when I will be at a venue near you!
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As of 8 a.m. today The City of Calgary has declared a State of Local Emergency. This allows The City to direct City resources for additional coordination of action to assist with critical feeder water main repair. For more information and updates, visit calgary.ca/16AveWaterMain.

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UPDATE: Toyota apologizes for cheating on vehicle tests, halts production of three models. "We sincerely apologize for any concern or inconvenience this may cause to our customers."
NEWS: Toyota was found to have falsified data and skirted impact-safety tests while applying to certify seven past and current vehicles, a government investigation has found. Toyota submitted faulty data during pedestrian-safety tests for three current models, and used modified test vehicles during collision-safety tests for four past models, the Japanese transport ministry said Monday. The company was among five companies, including Honda Motor Co. and Mazda Motor Corp., found to have problems with their safety certifications. Source: bloomberg.com/news/articles/…
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Chad Conrad retweeted
The AESO has declared a Grid Alert. Please reduce electricity consumption to essential use only, through until 8 p.m. to avoid the possibility of rotating outages. Find more information here: aeso.ca/aeso/understanding-e…
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Kudos to my fellow Albertans for the rapid response: “Almost immediately after the alert was issued, the AESO saw a significant 100 MW drop in electricity demand, which amounted to a 200 MW reduction within minutes.”
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Chad Conrad retweeted
With a Grid Alert in effect, please consider conserving electricity through peak evening consumption hours. Check out our website for tips. aeso.ca/aeso/electricity-in-…
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Good to know. I’ve just shut off my space heaters, and I charged my car earlier in the day, before the electricity rush hour. Stay warm, folks!
High power demand due to extreme cold, two large natural gas generator outages, and very low renewable power on the system have prompted the AESO to declare a Grid Alert. Find information on Grid Alerts here aeso.ca/aeso/understanding-e…
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Autopilot in my Tesla Model 3 has saved my life at least once. It’s not perfect, but it’s definitely a case of two heads being better than one, especially with one of those heads being a computer that doesn’t experience fatigue.
While there are many articles that do not accurately convey the nature of our safety systems, the recent Washington Post article is particularly egregious in its misstatements and lack of relevant context.  We at Tesla believe that we have a moral obligation to continue improving our already best-in-class safety systems (tesla.com/blog/model-y-earns…). At the same time, we also believe it is morally indefensible not to make these systems available to a wider set of consumers, given the incontrovertible data that shows it is saving lives and preventing injury.  Regulators around the globe have a duty to protect consumers, and the Tesla team looks forward to continuing our work with them towards our common goal of eliminating as many deaths and injuries as possible on our roadways.   Below are some important facts, context and background. Background 1. Safety metrics are emphatically stronger when Autopilot is engaged than when not engaged. a. In the 4th quarter of 2022, we recorded one crash for every 4.85 million miles driven in which drivers were using Autopilot technology. For drivers who were not using Autopilot technology, we recorded one crash for every 1.40 million miles driven. By comparison, the most recent data available from NHTSA and FHWA (from 2021) shows that in the United States there was an automobile crash approximately every 652,000 miles. (tesla.com/VehicleSafetyRepor…) b. The data is clear: The more automation technology offered to support the driver, the safer the driver and other road users. Anecdotes from the WaPo article come from plaintiff attorneys—cases involving significant driver misuse—and are not a substitute for rigorous analysis and billions of miles of data. c. Recent Data continues this trend and is even more compelling.  Autopilot is ~10X safer than US average and ~5X safer than a Tesla with no AP tech enabled. More detailed information will be publicly available in the near future. 2. Autopilot features, including Traffic-Aware Cruise Control and Autosteer, are SAE Level 2 driver-assist systems, meaning – a. Whether the driver chooses to engage Autosteer or not, the driver is in control of the vehicle at all times. The driver is notified of this responsibility, consents, agrees to monitor the driving assistance, and can disengage anytime. b. Despite the driver being responsible for control for the vehicle, Tesla has a number of additional safety measures designed to monitor that drivers engage in active driver supervision, including torque-based and camera-based monitoring. We have continued to make progress in improving these monitoring systems to reduce misuse. c. Based on the above, among other factors, the data strongly indicates our customers are far safer by having the choice to decide when it is appropriate to engage Autopilot features. When used properly, it provides safety benefits on all road classes. The Washington Post leverages instances of driver misuse of the Autopilot driver assist feature to suggest the system is the problem. The article got it wrong, misreporting what's actually alleged in the pending lawsuit and omitting several important facts: 1. Contrary to the Post article, the Complaint doesn't reference complacency or Operational Design Domain. 2. Instead, the Complaint acknowledges the harms of driver inattention, misuse, and negligence. 3. Mr. Angulo and the parents of Ms. Benavides who tragically died in the crash, first sued the Tesla driver—and settled with him—before ever pursuing a claim against Tesla. 4. The Benavides lawsuit alleges the Tesla driver “carelessly and/or recklessly” “drove through the intersection…ignoring the controlling stop sign and traffic signal.” 5. The Tesla driver didn’t blame Tesla, didn’t sue Tesla, didn’t try to get Tesla to pay on his behalf.  He took responsibility. 6. The Post had the driver's statements to police and reports that he said he was “driving on cruise.” They omit that he also admitted to police “I expect to be the driver and be responsible for this.” 7. The driver later testified in the litigation he knew Autopilot didn’t make the car self-driving and he was the driver, contrary to the Post and Angulo claims that he was mislead, over-reliant or complacent. He readily and repeatedly admitted: a. “I was highly aware that was still my responsibility to operate the vehicle safely.” b. He agreed it was his “responsibility as the driver of the vehicle, even with Autopilot activated, to drive safely and be in control of the vehicle at all times.” c. “I would say specifically I was aware that the car was my responsibility.  I didn’t read all these statements and passages, but I’m aware the car was my responsibility.” 8. The Post also failed to disclose that Autopilot restricted the vehicle's speed to 45 mph (the speed limit) based on the road type, but the driver was pressing the accelerator to maintain 60 mph when he ran the stop sign and caused the crash. The car displayed an alert to the driver that, because he was overriding Autopilot with the accelerator, "Cruise control will not brake." More information and background can be found here → tesla.com/support/autopilot
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NEWS: The @Tesla Model Y was the best selling vehicle overall in California in June. BEV market share also hit a new all-time high of 21.1%. Tesla sold more Model Ys than all new Toyota RAV4, Honda CR-V, Audi Q5, BMW X3, Honda Accord and Lexus NX sales combined.
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The ASC’s 2023 annual report "Intelligent regulation and investor protection drive everything we do" is now available. Learn more about who we are and what we do. asc.ca/en/news-and-publicati…
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Chad Conrad retweeted
Replying to @KenBoessenkool
This BBC article does a good job showing just how low the bar is for the label "possible cancer risk." I wouldn't change my behavior over anything with the Group 2B classification. bbc.com/future/article/20230…
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Interested in DIY investing? If you are a UofC graduate student, join us in partnership with the @GSACalgary tomorrow at the Last Defense Lounge on campus for our presentation on DIY investing fundamentals. Register at: ow.ly/z2HU50N47pY
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The Commission has created a webpage which lists all registered #crypto asset trading platforms. The webpage lists the name of the registered entity, the name they operate under, category of registration and documents that grant them exemptive relief. nssc.novascotia.ca/registere…
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😂 This is kind of adorable. From a safe distance.
Recently, a bear discovered a wildlife camera that we use to monitor wildlife across #Boulder open space. Of the 580 photos captured, about 400 were bear selfies.🤣 Read more about we use wildlife cameras to observe sensitive wildlife habitats. bit.ly/3XSKlUq
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Chad Conrad retweeted
Yeah. Worth it.
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This. The current level of anger and division saddens and worries me.
In the new year, one of the things I hope to see less of are the profanity laden Trudeau flags. erinotoole.substack.com/p/di…
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Chad Conrad retweeted
A sweater I bought was picking up static electricity, so I returned it to the store. They gave me another one free of charge.
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