Fossil Fuels Expert Roundtable: The Death of International Oil Companies?
Paul Stevens, Distinguished Fellow, Energy, Environment and Resources, Chatham House
The business model that underlies the international oil companies (the IOCs) appears to be running out of steam. A long list of concerns has emerged over the last couple of decades including the suitability of financial models, the under-pricing of risk, the spectre of ‘unburnable carbon’ and many other issues besides. All these concerns give rise to questions regarding the future of the IOCs business model and what options might be available as a corporate strategy to avoid oblivion. This roundtable will assess these various concerns and examine the long term prospects for the IOCs in the context of global trends.
Attendance at this event is by invitation only.