The FT Energy Transformation Strategies: Beyond Fossil Fuels? Surviving and Thriving in a Post COP World conference provides a timely and authoritative platform to discuss the major trends transforming the global energy industry and the leading-edge strategies to adapt, thrive and prosper in the brave new post COP world which is emerging.
FT Energy Transformation Strategies
Beyond Fossil Fuels? Surviving and Thriving in a Post COP World
Kingdom of Morocco
International Energy Agency (IEA)
Abu Dhabi Investment Authority (ADIA)
Laszlo Varro is the Chief Economist of the International Energy Agency (IEA). He leads the Economics and Investment Office, which is responsible for providing energy economics insights for the policy and energy security analysis of the IEA. He oversees the comprehensive coverage of investment in the energy sector and he leads the Energy Business Council, the IEA’s main engagement platform with the private sector. Until 2016, Mr Varro held the position of Head of Gas, Coal and Power Markets at the IEA. Prior to this, he was the Director for Strategy Development at MOL Group, a publicly-quoted oil and gas independent. He holds graduate degrees from the University of Cambridge and Corvinus University of Budapest.
Christof Rühl is Global Head of Research at the Abu Dhabi Investment Authority (ADIA). In this role, he is responsible for creating and leading a new global research function, designed to provide economic, geopolitical and energy market analysis in support of the fund’s strategic and commercial decisions. He assumed this position in 2014. Mr Rühl has a distinguished track record in business, academia and economic policy.From 2005 to 2014, he served as Group Chief Economist and Vice President of BP plc.
Prior to BP, he was at the World Bank (1998-2005) where he served as the Bank’s Chief Economist in Russia and in Brazil. Before that, he worked in the Office of the Chief Economist at the EBRD in London. Christof began his career as an academic economist, first in Germany, and from 1991 as Professor of Economics at the University of California in Los Angeles. Mr Rühl also held Visiting Professorships at academic institutions worldwide. His areas of specialisation are macroeconomics and energy economics. Mr Rühl currently also holds the position of a Visiting Professor at UCL, Australia, and is an Independent Board Director of Halyk Bank, Kazakhstan.
Sherife AbdelMessih is the CEO of Future Energy Corporation (FEC), a global leader in developing renewable energy infrastructure and advanced energy solutions. He built FEC as a research & development startup, designing disruptive solar energy technologies to cater for the Middle East & North Africa (MENA) region, and then grew it into a renewable energy company with project development, financing, construction and R&D divisions. After establishing the company as a leading renewable energy player in MENA, he grew the company’s business in the Americas, Europe and Asia. Through a European holding company, majority owned by FEC, he pioneered a business model for developing solar power projects with attractive financial returns without the need for government incentives or subsidies. Mr AbdelMessih was selected by Yahoo! as one of the top 10 social entrepreneurs in Egypt, profiled as one of the 500 most influential people in the Middle East by Arabian Business magazine, and chosen as one of the top 200 economic leaders in Africa by L'Institut Choiseul -- and was the youngest on all three lists. Today, he is contributing to accelerating the energy storage revolution by deploying utility-scale solar projects that can provide base load power and financially compete with their fossil fuel alternatives at today’s record low oil prices -- a combination that has the potential of severely disrupting the global power industry in the coming years. Mr AbdelMessih holds a BSc in Mechanical Engineering from the Massachusetts Institute of Technology.
With more than 34 years of entrepreneurial success, Kerry Adler has built a venerable career as a widely recognized and award winning business leader. Considered a true visionary and trailblazer in the renewable energy industry, Kerry is a vocal and public champion of solar energy’s global growth potential. As one of the first entrepreneurs in North America to advocate for a viable renewable energy industry, Kerry initially founded SkyPower in 2003.
Today, SkyPower is the largest and one of the most successful developers and owners of utility-scale solar photovoltaic (PV) energy projects in the world. Under Kerry’s leadership as President and Chief Executive Officer, SkyPower's vibrant growth continues in more than 60 countries around the world, helping communities meet their increasing needs for new investment in cleaner, non-emitting solar energy solutions. With over 25 GW of solar projects in various stages of development, SkyPower has become the global leader in solar energy. A trusted and sought after industry advisor, Kerry continues to be instrumental in the success of the Green Energy Act and Feed-in Tariff (FIT) Program. With Kerry’s input, Ontario became North America’s first jurisdiction to have comprehensive clean energy legislation.
With many accolades amassed over the span of his impressive entrepreneurial career, Kerry was most recently honoured with the Clean50 Executive Award for his outstanding contribution to sustainable development and clean capitalism. The Canadian Solar Industries Association named Kerry the Solar Advocate of the Year in 2010. Profit Magazine named Kerry the Chief Executive Officer of Canada’s Hottest Start-up (2002), and President and Chief Executive Officer of one of Canada’s Hot 50 Companies (2003). At the 2002 Profit GrowthCamp, Kerry was named Canada’s Hottest CEO. Previously, Kerry was awarded the UN Global Young Entrepreneur Award at the United Nations’ World Summit of Young Entrepreneurs. Kerry currently acts as a board member, advisor and angel investor to numerous start-up companies in emerging technology, software, media and infrastructure industries. He is also an accomplished speaker at universities and industry and government events, as well as a contributor to numerous professional journals and textbooks. Kerry’s proven business leadership spans across multiple industries around the globe.
His previous experience includes Founder, President and Chief Executive Officer of Webhelp Worldwide, an international BPO solutions group, which today has grown to over 22,500 employees and revenue approaching US $1 billion. Before founding Webhelp in 1999, Kerry served as Chairman and Chief Executive Officer of SITEL Canada and Executive Vice President, office of the President of SITEL Corporation, a leading NYSE-listed CRM company with more than 24,000 employees in 18 countries. Prior to that, Kerry served as Executive Vice President of Canadian Telephone Company and President of Corpfon Cellular, Canada's first cellular reseller network. Educated in both the USA and Canada, Kerry studied at Bryant University and Concordia University, with specializations in Marketing and Management, and Economics (Honours).
David Brewster co-founded EnerNOC, Inc in 2001 and currently serves as company President. Prior to EnerNOC, Mr Brewster worked at Beacon Power Corporation, a developer of flywheel-based energy storage solutions. He has also held positions at Winslow Management Company, one of the oldest environmentally-focused investment firms, and the SolarBank Initiative, which helped pioneer solar energy financing. Mr Brewster is a member of the World Resources Institute Global Advisory Council and serves on the Board of Duke University Nicholas School of the Environment. He holds a BA with High Honors from Wesleyan University, a Master of Environmental Management from Duke University, and an MBA from the Tuck School of Business at Dartmouth.
Nick Butler is Visiting Professor and Chair of the Kings Policy Institute at Kings College London. he was formerly Senior Policy Adviser to the Prime Minister and group Vice President for Strategy and Policy development at BP. He writes the FT’s blog on energy and power.
Thomas Birr is responsible for the development of the strategy of the whole RWE Group. Furthermore, he is responsible for Innovation. Having joined RWE in 1999 he held several management and board positions in the areas of key account management, sales and marketing. He also spent a period of time as CEO of one of the largest regional sales and grid companies within the RWE Group.
Prior to joining RWE, Thomas worked for the petrochemical contracting company Mannesmann KTI in different international positions within the fields of project management and sales. Thomas holds a degree in Mechanical Engineering.
Laban Coblentz is Director of Communication at ITER, the world’s largest multinational science and technology project-a collaboration of 35 countries to demonstrate large scale fusion energy. ITER’s mission is to make the “C.A.S.E.” for widespread use of fusion for electricity: energy that is Clean, Abundant, Safe and Economic.
Before ITER, Mr Coblentz worked in multiple sectors on technology, education, and sustainable development: safeguarding radiation safety on submarines; applying mathematical risk models to improve safety regulation at nuclear power plants; and promoting innovative technology in developing countries for energy, medicine, agriculture, and groundwater management. In the US Congress, he worked with Senator Joe Lieberman to advocate technology for government efficiency, creating The E- Government Act of 2002. At the International Atomic Energy Agency, he advised Director General Mohamed ElBaradei on strategic communication and nuclear diplomacy in Iraq, Iran and other political hotspots, working in parallel to promote sustainable development.
Viren Doshi is a Partner and Leader of the Energy practice at Strategy& (formerly Booz & Company). Mr Doshi has over 30 years of industry experience in the energy, oil, and gas sectors. Key areas of expertise include managing supply and trading in volatile markets, designing innovative business models, and implementing pioneering strategic transformations and mergers.
He has been involved in developing bold strategies and in shaping agenda at senior levels for Oil & Gas groups across the several regions (Europe, the US, India, China, Brazil, Russia, Africa and Australia) and across various parts of the value chain and businesses (Oil & Gas E&P, Refining, Petrochemicals, LNG, Retail, Aviation, Bitumen, Shipping, etc.). He has led back and front office digitization projects that lead to step improvements in productivity and customer intimacy. Mr Doshi is known for his viewpoints on fuels of the future and energy transformation. Mr Doshi holds an MBA from Cranfield School of Management and an Honours degree in Electronic Engineering from Southampton University.
Emily Farnworth is the RE100 Campaign Director at The Climate Group. She developed and now runs this flagship campaign – a global, collaborative initiative of the world’s most influential businesses committed to 100% renewable power. Emily has over 20 years’ experience supporting private sector and non-profit organisations on pioneering sustainability programs and communication strategies, including the United Nations International Resource Panel, Department of Energy and Climate Change, Environmental Defense Fund, WWF, IKEA, Rio Tinto, Unilever and GE.
Scott Foster has been Director of UNECE’s Sustainable Energy Division since 2011. With more than 35 years’ experience in energy, Mr Foster has worked extensively with governments, industry, and international organizations on energy policy, market design and regulation, and climate change strategies. Mr Foster’s particular focus recently has been assisting energy stakeholders address the critical challenges of sustainability, technology choice, and investment mobilisation.
Mr Foster held numerous positions in the industry including Vice President of Global Regulatory Affairs with AES Corporation, Senior Director for Global Power with Cambridge Energy Research Associates (CERA), Senior Expert on Electricity for the International Energy Agency and Founder of Nomad Energy Consulting . Mr Foster holds a BA from Dartmouth College, an MS in Civil Engineering from Stanford University, and an MBA from UC Berkeley.
Paul Gilding is an author, corporate advisor and advocate for a sustainable economy. He has worked with the Boards and executives of many leading global companies including Unilever, BHP Billiton, DSM, Ford and DuPont and is a widely recognised global authority on the economic and business implications of sustainability and climate change. He is a Fellow at the University of Cambridge’s Institute for Sustainability Leadership and a member of the Global Core Faculty of the Prince of Wales’s Business and Sustainability Programme.
In over 40 years focused on these issues, he has served as CEO of a range of NGOs and companies, including as Executive Director of Greenpeace International and two companies he owned, Ecos Corporation and Easy Being Green. His book The Great Disruption has been widely acclaimed, including by Tom Friedman in the New York Times who wrote “Ignore Gilding at your peril”.
Anthony Hobley has been Chief Executive Officer of the Carbon Tracker Initiative since February 2014. Previously he was a partner and Global Head of the Sustainability & Climate Finance Practice at law firm Norton Rose Fulbright.
Prior to that he was General Counsel to the Climate Change Capital Carbon Fund and Director of Legal Policy for Climate Change Capital which he joined in September 2005. Mr Hobley has specialised in climate change and clean energy law as well as international environmental law. He has played a key role in helping to design the UKs pilot emissions trading scheme and in developing key aspects of the EU ETS. Between 2010 and 2012. Mr Hobley was heavily involved in the development of the emerging carbon markets in Australia and Asia. Mr Hobley holds a First Class Honours Degree in Chemistry & Physics and a LLM in Environmental Law.
Jeff McClure is the Chief Executive Officer and Co-Founder of Freedom Capital. Mr McLure’s financial management and investment banking career spans four decades and three major financial crises. He has provided financial management, advisory and capital markets services for nearly $15bn of transactions for middle market companies.
Mr McLure founded The Bear Companies, an independent boutique investment bank in 2005 to provide financing and advisory services to real estate and financial services companies through the debt, equity and structured finance markets. Under his direction, the firm has provided over $1.5bn of capital to its target sectors; completed $800mn of restructuring transactions; and provided due diligence and loan valuation services on $5bn of bank loan portfolios for government agencies and private sector clients.
Philip Lambert is CEO of Lambert Energy Advisory Ltd (LEA), which is one of London’s leading M&A and Strategic Advisory firms, having been advisors on over $110 billion of Energy M&A transactions in the last few years. Milestone transactions, on which LEA has advised, include BASF/Wintershall’s merger with DEA in 2018, Total’s acquisition of Maersk Oil in 2017 and BP’s alliance with Rosneft in 2013.
Prior to 1999, Mr Lambert was head of Dresdner Kleinwort’s Global Energy Investment Banking team.
Jeremy Leggett is a social entrepreneur and author of The Carbon War, Half Gone and The Energy of Nations. He is Founder and Chairman of Solarcentury, one of the world’s most respected solar energy companies, and founder and Chairman of SolarAid, a solar lighting charity set up with five percent of Solarcentury’s annual profit’s, itself parent to a social venture, SunnyMoney, that is the top-selling retailer of solar lights in Africa. He also chairs the financial-sector think tank CarbonTracker.
An Entrepreneur of the Year at the New Energy Awards, he has been described by the Observer as 'Britain’s most respected green energy boss'. He was the first Hillary Laureate for International Leadership in Climate Change, and a CNN Principal Voice. At the 2014 Business Green Leaders Awards he won Champion of the Year in promoting the green economy. At the 2014 Solar Industry Awards he won the Outstanding Individual Award. He lectures on short courses in business and society at the universities of Cambridge and St Gallen, is an Associate Fellow at Oxford University’s Environmental Change Institute, and is a risk consultant to large corporations.
Jim long has over 25 years of experience as an Adviser and investor across the power, energy, infrastructure, environmental, and technology sectors. Based in Zurich, he works closely with companies and investors to identify strategic opportunities in global markets and craft client-specific solutions. He brings a wealth of cross-border transaction experience, helping both larger corporations optimize their business portfolios and leading growth companies toward value-added partnerships with leading companies and investors, utilizing a full range of capital and financing alternatives in support of client objectives. Prior to joining GCA, Mr long was a Managing Director at Ecofin, a leading specialist investor in utilities, renewable energy, and infrastructure. He led the private equity and infrastructure investment activities with over $500 million invested across wind, solar, water, and related sectors and over $750 million in realizations. Prior to Ecofin, Mr long spent 12 years at Citigroup in London in a number of roles, most recently as Co-Chairman of Global Power and Utilities Investment Banking. Mr Long has a dual degree in Economics (Wharton School) and English from the University of Pennsylvania. He holds both a Master of Philosophy and Master of Studies in Modern History from Oxford University, where he was also a tutor.
Bjørn Otto Sverdrup
Bjørn Otto Sverdrup is Statoil’s Senior Vice President for Sustainability and member of the management committee in the Global Strategy and Business Development business area. Mr Sverdrup has extensive leadership experience in Statoil. From 2007 he was a Vice President of Communication for several of Statoil’s business areas, including Exploration and Development Norway, Development and Production International, and most recently for the company’s North American operations. Following the terrorist attacks in Oslo and at Utøya in 2011, Mr Sverdrup served as Chief of Staff for the government-appointed commission investigating the attacks.
Prior to joining Statoil, Mr Sverdrup was a member of the management committee of Hydro’s oil and gas division, and was a member of the integration planning committee for the merger between Statoil and Hydro Oil and Energy in 2007. Mr Sverdrup has a degree in Political Scientist from the University of Oslo, Norway where he specialised in European politics and integration. He has also studied in Konstanz, Germany and studied business at the Norwegian School of Economics.
Scott Sheffield is Chairman and CEO of Pioneer Natural Resources. Today, Pioneer is a large independent E&P company with reserves of approximately 10bn barrels equivalent of total resource, an enterprise value of US$24 billion and approximately 3,600 employees. Pioneer is considered a leader in developing oil-rich shale plays and ranks as the most active operator in the Permian Basin and one of the most active in the United States. Mr Sheffield serves on the boards of the National Petroleum Council, Santos Ltd, and the Maguire Energy Institute of the SMU Cox School of Business.
Mr Sheffield was previously with Parker & Parsley Petroleum where he was Chairman and CEO from 1991. Under his leadership Parker & Parsley merged with MESA Inc. to form Pioneer in 1997. Mr Sheffield joined Parker & Parsley Petroleum in Midland Texas in 1979 as their fifth employee and sole engineer. Mr Sheffield graduated with distinction from The University of Texas at Austin with a Bachelor of Science degree in Petroleum Engineering.
Nadeem Sheik is Senior Vice President & General Manager, International of Opower. In this role, he oversees all aspects of Opower’s growth strategy as well as day-to- day operations outside the Americas. Prior to joining Opower, Mr Sheikh was a consultant at McKinsey & Company, where he was a founding member of the firm’s Sustainability Resource Productivity Practice. Working across Europe, Asia, and the US, Mr Sheikh developed the firm’s foundational thinking on the marketing of ‘green’ products to consumers, and managed McKinsey’s market research on consumer behaviour, sustainability, and product design.
Mr Sheikh also led high-profile client projects in the energy, consumer electronics, automotive, and retail industries, designing and developing new consumer products and services. Mr Sheikh has also held roles at Accenture Technology Ventures, Lufthansa Airlines, and the German Federal government. He earned his MBA from the University of California, Berkeley and a BS in Industrial Engineering from the University of Wisconsin-Madison.
Ian Simm is the Founder and Chief Executive of Impax Asset Management Group plc, a leading investment manager focused on resource efficiency and environmental markets. Mr Simm has been responsible for building the company since its launch in 1998, and continues to head the listed equities and real assets investment committees. Impax manages or advises approximately US$ 4.6 billion of capital, which is invested globally on behalf of institutional clients.
Prior to Impax, Mr Simm was an engagement manager at McKinsey & Company advising clients on resource efficiency issues. In 2013 he was appointed by the Secretary of State (Senior Minister) for Business, Innovation and Skills as a member of the Natural Environment Research Council (NERC), the UK’s leading funding agency for environmental science. He has a first class honours degree in Physics
from Cambridge University and a Master's in Public Administration from Harvard University.
Michael Stanley is Global Lead – Extractives for the World Bank Group. In this role, he provides leadership on the policies and practices that guide the World Bank’s lending operations in oil, gas and mining worldwide, and works to ensure that a diverse technical staff remain at the forefront in the development of sector issues. Dr Stanley has worked in resource development for more than 30 years within the commercial and public sectors, having led projects within Latin America, Europe and Central Asia, Africa, South Asia, and East Asia / Pacific regions.
Dr Stanley is widely recognised for his expertise in the formation of resource development policy that aligns commercial and public sector investments towards shared outcomes. Responding to the challenges of climate change, limited access to capital, increased geopolitical risk and commodity cycles – Dr Stanley and his teams guide governments across the world on resource development issues. Dr Stanley has a BSc in Geoscience from Western University, Canada, MSc in Mineral Exploration from McGill University, Canada and PhD in Mineral Economics / Mining from University of Arizona, United States. He is also co-editor of the EI Source Book, an online, open-source platform for the extractive industries.
Francesco Starace was appointed Group Chief Executive in May 2014. Prior to this, from 2008 and 2014, he was Chief Executive Officer of Enel Green Power, the Group's renewable power generation subsidiary. In 2010, Mr Starace led the Initial Public Offering (IPO) of the business, floating it on the Milan and Madrid stock exchanges with a market capitalization of 8 bn euros. Mr Starace has held several executive positions at Enel, including Managing Director of the Market Division (2005- 2008) and Head of Business Power (2002 -2005). He joined Enel in 2000. Mr Starace's international experience includes periods spent living in the United States, Saudi Arabia, Egypt and Bulgaria.
Mr Starace began his career in construction management of power generation plants. He was Head of worldwide gas turbines sales at Alstom Power Corporation, and prior to this held positions at ABB Group, and initially at General Electric Group. Mr Starace holds a number of Advisory positions to include his appointment in January 2016 as CoChair of the World Economic Forum's Energy Utilities and Energy Technologies Community. Mr Starace has a degree in Nuclear Engineering from the Milan Polytechnic.
Benjamin Sporton was appointed Chief Executive of the World Coal Association (WCA) in 2015. In this role he is working to improve the World Coal Association’s presence as the global voice of coal. Mr Sporton served as the Association’s Acting Chief Executive from 2014, as Deputy Chief Executive from 2012 and as Policy Director from 2010. In this capacity he has lead the WCA’s strategic and business planning and policy work with a particular focus on energy poverty, sustainable development and climate change issues. Mr Sporton regularly attends United Nations climate negotiations on behalf of the global coal industry.
Prior to joining the World Coal Association, Mr Sporton held senior policy and leadership roles in United Kingdom and Australia. His achievements have included leading legislative reforms through the South Australian parliament to reform the state’s ailing workers’ compensation system, supporting the Mayor of London’s consultation on extension of the London Congestion Charge and modernising conduct of UK elections at the Department for Constitutional Affairs. He holds an honours degree in Politics from the University of Adelaide, Australia and has also studied at the University of Buenos Aires, Argentina and the Australian Institute of Management.
Dorothy Thompson CBE
Dorothy Thompson is Chief Executive of Drax. She is responsible for all aspects of the stewardship of the Group and its business, including developing an appropriate business strategy for Board approval and securing its timely and effective implementation. She provides leadership to the executive team and takes responsibility for the important external relationships with customers, suppliers, regulatory agencies and Government bodies.
Ms Thompson was previously the Head of the European Business of InterGen NV, the power generation subsidiary of Shell NV and Bechtel Inc where she was responsible for the management and operation of four gas-fired power plants totalling some 3,160MW of capacity across the UK and the Netherlands. Prior to joining InterGen NV in 1998, Ms Thompson was Assistant Group Treasurer for Powergen plc, following an early career in banking.
Jochen Wermuth is Founding Partner and Chief Investment Officer at Wermuth Asset Management GmbH (WAM), a German family office and BAFIN regulated investment adviser which is committed to sustainable development. Mr Wermuth is also a Member of the advisory council of the World Economic Forum’s Global Growth Company Community and the Liberal Mission of Russia. He was a founding Management Committee Member of Deutsche Bank Russia, and has been Head of the Economic Expert Group under the Russian Ministry of Finance. He holds a Master’s degree in Economics and a BA in Mathematics and Economics with honours from Brown University, and passed his PhD qualifying exams at Balliol College, Oxford.
FT Contributors (2)
Ed Crooks was appointed US industry and Energy Editor in August 2010. Prior to that, he was Energy editor at the FT, based in London. Mr Crooks joined the FT in 1999 as Economics Editor, and then went on to become UK News Editor. Previously, Mr Crooks was an Economics Correspondent for the BBC, reporting on both television and radio. He started at the BBC as a researcher and producer and worked across several news programmes. He has also been a reporter and Editor for the Investors Chronicle as well as an Economic Analyst for the Institute for Fiscal Studies. Mr Crooks graduated from Oxford University with a degree in Philosophy, Politics and Economics. He regularly appears on national and international TV and radio.
Pilita Clark is an Associate Editor and Business Columnist at the Financial Times. She writes a weekly column on modern corporate life, as well as features and other articles. Pilita has worked for the FT since 2003, covering aviation and the environment. She was the FT's Environment Correspondent from 2011 to 2017.
Pilita was previously a Washington correspondent for Australian newspapers and a Nieman Fellow at Harvard University.
The global energy industry is undergoing a period of significant upheaval and uncertainty. The oil price has fallen by over 70% since 2014, resulting in the cancellation and deferral of over $400trn of new projects. The economics and efficiencies of alternatives, meanwhile, in the shape of renewables, electric vehicles and batteries for storage are improving and are making inroads into many of the oil and gas industry’s traditional markets, including transport.
Adding to the uncertainty is the recent Paris climate accord which could tip the balance away from fossil fuels in favour of low-carbon, and stoke the flames of an accelerating fossil fuel divestment campaign. The changes underway will have significant implications for the future of the industry in its current form, and its business models.
- Will we see a step change in political ambition in our post COP world, or will the lofty ambitions of Paris be crushed by economic and political realities? Can the world survive without fossil fuels?
- Are there viable alternatives to fossil fuels which could be available in time and at a low enough cost to enable consumers to switch from hydrocarbons?
- How can energy companies survive and thrive in the prevailing climate and build sustainable business models for the future?
- Who will be the winners and losers in this post COP world which is emerging?
Agenda - 1st Jun
9:00amOpening Remarks from the Chair
Christof Rühl, Global Head of Research, Abu Dhabi Investment Authority (ADIA)
9:25amFossil Fuels, Politics and the Global Economy
With the oil price continuing its heady descent, and the Paris climate accord sending a strong signal for change, it is tempting to conclude that fossil fuel industry will find itself on the wrong side of history. Fundamental questions, however, remain: Can the world economy survive without fossil fuels? Is a low-carbon energy system compatible with economic growth? What would it mean for the global poor? Are there viable alternatives to fossil fuels which could be available in time and at a low enough costs to enable consumers to switch from hydrocarbons? In championing a move away from fossil fuels, are politicians allowing good intentions to outflank pragmatism, saddling energy-intensive industries with higher costs and a resulting competitive disadvantage? What are the wider implications of the transition for the world economy-for labour markets, and for geopolitics? How will the transition impact the relative competitiveness of the US (access to cheaper shale) and Europe (a future tied to renewables and nuclear, for instance?)
Laszlo Varro, Chief Economist, International Energy Agency (IEA)
Scott Foster, Director, Sustainable Energy Division, United Nations Economic Commission for Europe (UNECE)
Philip Lambert, Chief Executive Officer, Lambert Energy Advisory
Benjamin Sporton, Chief Executive, World Coal Association
Moderator: Ed Crooks, US Industry and Energy Editor, Financial Times
10:15amConsidering the Alternatives
The Great Disruption
Paul Gilding, Independent Writer (Author,'The Great Disruption') and Adviser on Sustainability
New Energy Futures-Perspectives on the Transformation of the Oil and Gas Sector
Viren Doshi, Global/EMEA Energy Consulting Lead, PwC
10:55amNetworking Coffee Break
11:15amA Vision of the Energy Future
Francesco Starace, Chief Executive Officer, Enel SpA
11:35amWhat are the Future Business Models? Winners and Losers in a Post COP World
- Can the oil and industry survive the current round of volatility and divestment related pressures? Where will future growth come from?
- How are oil and gas companies redefining their long-term strategy? To what extent is the debate around stranded assets dictating strategy?
- If COP21 accelerates the transition to renewables and electric vehicles (EVs), what does it mean for oil and gas companies and their business models? What is the role of oil and gas in that world? Does their future lie in alternative fuels, carbon capture and storage (CCS), development of EVs, renewables, for instance? Given experience of this in the past, what’s to say this time will be different?’
- What will the oil and gas industry look like at end of current cycle?
- The future business model of the power utility:Will they become the Amazon’s of the energy industry? Wiil they transform from monolithic structures to become dynamic market makers selling new energy services (community solar, storage,efficiency plans and services linked to EVs), and lead the energy transition? Will they increasingly split their assets along the lines of carbon and ‘clean’?
- The future energy landsape:who will be the future leaders of the energy landscape-newly transformed and reconfigured oil and gas or utility companies, or will the next big super major be a renewable energy company? Who will be the winners and losers in the post COP world?
Scott Sheffield, Chairman and Chief Executive Officer, Pioneer Natural Resources
Sherife AbdelMessih, Chief Executive Officer, Future Energy Corporation
Mr Bjørn Otto Sverdrup, Senior Vice President for Sustainability, Statoil
Nick Butler, Visiting Professor and Chair, Kings Policy Institute, Kings College London
Anthony Hobley, Chief Executive Officer, Carbon Tracker
Moderator: Ed Crooks, US Industry and Energy Editor, Financial Times
12:30pmFT CEO Keynote Interview
Dorothy Thompson CBE, Chief Executive Officer, Drax Group
The Hon Abdelkader Amara, Minister of Energy, Mining, Water and the Environment, Kingdom of Morocco
2:20pmBeyond Climate Rhetroic : Accelerating the Low-Carbon Energy Transition
Following on from the Paris climate agreement, the world’s attention is now fixed on advancing viable, scalable solutions to address climate change. The energy sector, accounting for some two-thirds of greenhouse gas emissions today, must be the central pillar of climate action. In recent years, tremendous strides have been made to advancing clean energy solutions– innovating, scaling up investment, bringing down system costs, implementing the right policy frameworks, but much more needs to accelerate the global energy transition. What are the greatest obstables to the transition, and how can they be addressed? What are the policies and incentives which will be needed? Will we see a step change in political ambition in our post COP world, or will the lofty aim of the Paris accord be crushed by economic and political realities? Is 100% renewables the solution, and what role will gas, nuclear, and potentially , CCS play? What are the lessons from and experiences of companies, cities and regions that have embaraked on an ambitious clean energy pathway?
David Brewster, President and Co-Founder, EnerNOC
Andrew Griffiths, Environmental Sustainability Manager, Nestlé UK
Kerry Adler, Founder, President and CEO, SkyPower Global
Jochen Wermuth, Founding Partner and Chief Investment Officer, Wermuth Asset Management
Emily Farnworth, RE100 Campaign Director, The Climate Group
Moderator: Pilita Clark, Environment Correspondent, Financial Times
3:10pmNetworking Coffee Break
3:25pmShort on Fossil Fuels, Long on Renewables? Financing Industry Growth and Transformation in a Post COP world
- What are the implications of the Paris accord for financial and capital markets, and for the financing of energy? Are we at a historic turning point in the transition to ‘profitable sustainability’?
- How are financiers and investors viewing risk and opportunity in the sector post Paris?
- How can commercial finance be scaled up to support the clean energy transition? What are the innovations which will make that possible?
- Is COP21 a game changer for carbon markets and carbon pricing? Are carbon markets and effective mechanism to induce change?
- How will a prolonged low oil price impact finance and investment in the sector?
- Divestment/portfolio decarbonisation : what could a ’safe’ fossil fuel investment look like? What should oil and gas companies do to show to investors that they are responsible stakeholders?
Jim Long, Partner, Greentech Capital Advisors
Michael Stanley, Global Lead-Extractives, World Bank Group
Jeff McClure, Co-Founder and Chief Executive, Freedom Capital Investment Management
Ian Simm, Chief Executive Officer, IMPAX Asset Management
Moderator: Pilita Clark, Environment Correspondent, Financial Times
4:10pmInnovation- Leveraging Technology for Transformation
The need for more innovation in energy was one of the strongest points of agreement at the Paris talks, with the acknowledgement that breakthroughs in key technologies will be needed to balance future energy demand with global ambitions to curb emissions. Current technologies are making significant contribution to the transition, but if targets are to be met, much greater advances will be needed. Digital technologies, meanwhile, have the potential to drive significant change in the energy industry, making energy production and consumption safer, cleaner and more abundant, more efficient and more cost effective. What are the emerging energy technologies which will make a significant impact, enabling a full scale move away from, or manage the emissions risk from fossil fuels? What are the barriers to uptake? How will digital developments transform energy?
Thomas Birr, Senior Vice President, Group Strategy & Innovation, RWE
Sara Bell, Chief Executive Officer/Founder, Tempus Energy
Nadeem Sheikh, Senior Vice President and General Manager, International, OPower
Laban Coblentz, Head of Communications, Member of Cabinet, ITER Organization
Jeremy Leggett, Founder, Solarcentury
Moderator: Ed Crooks, Industry and Energy Editor, Financial Times
4:55pmClosing Remarks from the Chair
- Discover how progressive energy companies are building sustainable business models for the future
- Consider the alternatives: will renewables and nuclear replace fossil fuels?
- Decipher the direction of change and what a move away from fossil fuels and transition to low-carbon will mean for the global economy, capital markets and geopolitics
- Gain insights into the emerging technologies and digital strategies with potential to transform oil, gas, power and renewables businesses
- Discuss how policy makers and energy stakeholders can move beyond climate rhetoric to accelerate the low-carbon transition
- Keep abreast of the latest trends set the reshape the sector, from COP21 to the outlook for the oil price and the disruptive potential of the electric vehicles and power storage technologies
- Hear how investors and financiers are adjusting their views of risk in the energy industry in the new post COP world
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- National and International Oil and Gas Companies
- Oil and Gas Services and Suppliers
- Energy Utilities and Infrastructure Providers
- Investment Banks
- Private Equity and Energy Fund Managers
- Midstream and Downstream Oil and Gas Companies
- Commodity Analysts and Traders
- Energy Lawyers and Consultants
- Energy End Users
Standard Summit Ticket
£899 + VAT
Gold sponsor (1)
PwC helps organisations and individuals create the value they’re looking for. We’re a network of firms in 157 countries with more than 208,000 people who are committed to delivering quality in assurance, tax and advisory services.
The Global Energy, Utilities and Mining group is the professional services leader in the international energy, utilities and mining community, advising clients through a global network of over 13,000 fully dedicated specialists.
Associate Sponsor (1)
Carbon Tracker is an independent financial think tank that carries out in-depth analysis on the impact of the energy transition on capital markets and the potential investment in high-cost, carbon-intensive fossil fuels. Its team of financial market, energy and legal experts apply groundbreaking research using leading industry databases to map both risk and opportunity for investors on the path to a low-carbon future. It has cemented the terms “carbon bubble”, “unburnable carbon” and “stranded assets” into the financial and environmental lexicon.
Supporting Partners (4)
An increasing focus on security of supply, a revolution in unconventional resources, developments in the Caspian, Eastern Mediterranean and Black Sea along with heightened environmental awareness have combined to place an increasing focus on natural gas matters in Europe. At a time when the energy debate has never been more central to our daily lives, Natural Gas Europe is the leading engagement platform directed towards the entire natural gas stakeholder spectrum. Through Natural Gas Europe’s online presence and Gas Dialogues sessions, all key stakeholder group are brought together in order to craft a unique arena for discussion and dialogue. Natural Gas Europe’s correspondents, contributors, knowledge and media partners and experts provide natural gas and energy-related information and insight.
RenewableEnergyWorld.com was started in 1998 by a group of Renewable Energy professionals who wanted their work to relate to their passion for renewable energy. With this passion and the desire to create a long term sustainable business, we have created perhaps the single most recognized and trusted source for Renewable Energy News and Information on the Internet.
Recharge is the global renewable-energy industry's leading source for business intelligence. We provide the news, features and opinion that matter, the information you need to help you make better business decisions — with the vital context, analysis and speed that only an experienced international team like ours can deliver, allowing you to filter out the noise and read what matters.
Recharge comprises a website delivering 24/5 news, analysis, opinion and industry information; specialist wind and solar weekly newsletters; a high-quality monthly magazine with thought-provoking features, informative opinion pieces and photojournalism of the highest order; an unrivalled online archive; and Android and iOS apps to take all content to smartphones and tablets.
Providing energy intelligence and enabling knowledge exchange to further the greater goal that unites all the professionals in the field today: ensuring the sustainability of our energy future and economic growth. Our community of experts representing industry, policy-making and academia focuses on long-term trends, background stories and in-depth analyses to facilitate the formation of opinions and judgements.
Financial Times Live (FT Live) is the global conferences and events division of the Financial Times Group. Chaired by senior journalists from the Financial Times Group, the summits, conferences, awards and strategic forums organised by FT Live gather the world’s brightest minds and most influential decision-makers.
Exclusive on-stage interviews, stimulating presentations and lively panel debates – available on multiple content platforms – provide the cutting-edge insights, unique personalities and peer audience engagement that have the power to transform finance, business, politics, society and culture.
The Financial Times is one of the world’s leading business news organisations, recognised internationally for its authority, integrity and accuracy. In 2016 the FT passed a significant milestone in its digital transformation as digital and services revenues overtook print revenues for the first time. The FT has a combined paid print and digital circulation of more than 910,000 and makes 60% of revenues from its journalism.