Michael Whalen took part in a presentation on “Beyond Hydrocarbons – The Oil Companies.” Topics included:
- How important is external financing compared to retained earnings in managing the transition?
- How to manage relations with existing stakeholders: investors, suppliers, and customers.
- Managing the M&A and divestment processes.
- Where it helps to be an oil company in making the transition (offshore expertise) and where it doesn’t.
The conference brought together some of the world’s largest national and international oil companies, public and private utilities, equipment suppliers, institutional investors, financial institutions, development finance institutions (DFIs), and export credit agencies (ECAs) to look at how new businesses and societies emerge for net zero.