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Past event: Financing challenges for an energy industry in transition
26 June 2018, The Auditorium, Deloitte, 2 New Street Square, London, EC4A 3BZ

The global energy industry is currently facing an accelerating transition which is impacting on the manner in which most sources of energy are supplied and consumed. Changes are happening fast. The energy mix is increasingly incorporating a range of lower carbon sources, driven mainly by a combination of environmental considerations, technological developments, geopolitical pressures and population demographics.

Such fundamental changes are transforming the economics of the traditional oil and gas business, which presents major challenges in terms of future strategies, long term investment and financing of ALL segments of the energy industry.

The rapid growth of the diverse range of renewable energy sources, with a growing share of primary supply, will require innovative and cost-effective sources of equity and debt finance. This will necessitate a deep understanding of the various technical and operational risks involved, as well as a deep understanding of local and regional markets.

Financing challenges for traditional oil and gas investments will intensify against competition for finance from new energies, the background of global population growth, the need to eliminate poverty and the industry commitment to provide clean and efficient supply including integrated gas developments. In response to recent financial regulatory changes and new policies, a number of energy banks, multi-lateral agencies and institutional investors have reduced their exposure to the traditional oil and gas sector. This trend will encourage new groups of lenders such as activist investment funds, private investors and sovereign wealth funds to support the future financing of the traditional segment.

The UK National Committee of the World Petroleum Council, in partnership with the Energy Institute, will host a one-day symposium where finance and energy industry experts will address these challenges and will discuss financial solutions that will facilitate the development of the future energy mix to meet consumers’ requirements.

*Does not apply to the Student or Young Professionals rates

The WPC UK Young Professionals Committee also held a breakfast briefing

Agenda

9.00 - Registration

9.45 - UK national committee of the World Petroleum Council Chairs’ opening remarks 
Wim Thomas FEI, Chief Energy Advisor, Shell International

10.00 - Introduction to the energy industry in transition
Jamie Webster, Senior Director, The Boston Consulting Group

10.15 - Keynote: Setting the scene: an energy industry in transition
Laszlo Varro, Chief Economist, International Energy Agency (IEA)

10.45 - Refreshments and networking

11.15 - Panel discussion:

  • Laszlo Varro, Chief Economist, International Energy Agency (IEA)

  • Angus McCrone, Chief Editor, Bloomberg New Energy Finance - Gain a clear perspective on the technologies and financial, economic and policy trends driving the energy transformation

  • Joost Bergsma, CEO and Managing Partner, Glennmont Partners - Delivering sustainable returns from the alternative energy investment, by building enduring value through long-term partnerships

  • Wim Heuninck, Senior Advisor to the Board, Enertika
  • Edward Mason, Head of Responsible Investment, Church Commissioners for England

  • Paul Battelle, Director – Structured Finance Infrastructure & Energy, Deutsche Bank AG London

13.00 - Lunch and networking

14.15 - Financing challenges for traditional oil and gas investments
Andrew Smart, Energy Industry Group Managing Director, Accenture

14.30 - Keynote: Managing the energy transition from an IOC perspective.
Paul Appleby, Senior Advisor, Group Strategy, BP

15.00 - Panel discussion: 

  • Paul Appleby, Senior Advisor, Group Strategy, BP

  • Graham Talbot, Chief Financial Officer and EVP, Maersk Energy- Assessing the financing and investment challenges for the industry in coping with the Energy Transition

  • Jon Story, Senior Director, IHS Markit - Climate change strategy dialogue will assist the energy industry to make long term plans for the transition to low carbon energy

  • Robert Clews, Managing Director, Sumitomo Mitsui Banking Corporation, Europe

  • Tallat Hussain, Senior Environmental Counsel, White & Case

16.45 - Wrap-up by symposium chair

17.00 - End of symposium

17.10 - Drinks reception

 

Symposium Sponsors

White Case logo CMYK                                                                   shell                         Deloitte logo  
hka bp logo on white    

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