Thursday, 23 April 2009 6:00 PM Edinburgh
Oil and Gas Companies in a Carbon Constrained World
Michael Ridley, Senior Investment Analyst, Carbon Trust
Sponsorship is provided by Wood Mackenzie.
This event occurred on: Thursday, 23 April 2009, 6 p.m.
The Carbon Trust has just completed a report on carbon and the oil and gas sector, with McKinsey (see link for report below). The report looks at the impact on companies in six sectors - including oil and gas - and at how companies in these sectors fare in a successful move to a low carbon economy. It looks at 4 ways the world may stabilise CO2 concentrations at 550 parts per million by 2050, and how oil and gas companies are impacted depending on whether they are a leader or a laggard. Get a copy of the report "Climate Change -- A Business Revolution" from the Carbon Trust's web site.
Michael works as senior investment analyst in the Insights (research) team at the Carbon Trust, in London. He works on investor engagement, communicating the Carbon Trust's research findings with equity and fixed income analysts working in the oil and gas, and metals and mining sectors. Michael worked as a Director in the credit research division of Citigroup, from 1999 to 2008. He analysed the credit strength of European utility and energy companies. He was a publishing analyst from 1995 to 2005, and a desk analyst from 2005 to 2008. Prior to working at Citigroup, Michael worked for two years as a senior manager at Dai-Ichi Kangyo Bank in London. Michael has a PhD in environmental economics from University College London. He has masters degrees from both Yale University (International and Development Economics) and from the LSE (Politics of the World Economy). His Doctoral studies were funded by a three year UK government ESRC (Economic and Social Research Council) scholarship. Part of his doctoral thesis was published as a book "Lowering the cost of emission reduction: joint implementation in the framework convention on climate change", Kluwer Academic Publishers, 1998 [ISBN 0-7923-4914-8].