"The secret of success is to know something nobody else knows"

Aristotle Onassis

Meeting: July 7, Decarbonisation Strategies of the International Energy Companies

The last interactive discussion of the Brussels Energy Club took place in partnership with ENI and will focus on the following topic:

 

Decarbonisation Strategies of the International Energy Companies

 

The meeting took place online via zoom video conference on Wednesday 7 July 2021, 12-2pm Central European (Brussels) Time

 

With key interventions from

Luca GiansantiLuca Giansanti 

Head of European Government Affairs  

Eni SpA

 

 

 


And 

Andres MarvikAnders Marvik

Technology Communications Manager 

ADNOC

 

 

 

 


Background

The onset of the Paris Agreements on Climate has created a structurally different policy environment in the international energy sector, particularly in the EU. Climate related issues, which rarely made media headlines only a decade ago, have now super-ceded security of supply as arguably the primary area of concern for European decision makers. Indeed, sustainability and environmental concerns dominate the energy policy landscape in Brussels, where the EU"s Green Deal is now the buzz word. Climate activism, even during times of Covid, continues to gain momentum and Brussels now seems intent to move the continent towards a state of (what has become dubbed as) "carbon neutrality". The Energy Union, the flagship initiative of the previous European Commission just a half decade ago, which was promoted to strengthen the EU internal energy market and bolster security of supply, now seems merely a facet of European history.

The big question beckons, however, as to how the big energy companies, particularly the IOCs, are adapting themselves to the new environment. It appears to be the case that oil companies around the world are in the process of adapting their business models, be it in response to new legislation restricting carbon emissions, pressure from activist groups, or new opportunities in the renewable energy sector.

But what actions are the IOCs and the national champions putting in place to develop actual decarbonisation strategies?  What steps are European energy companies taking in order to reach ambitious EU targets on reducing emissions and promoting environmental sustainability — an area where Brussels purports global leadership? While it appears to be the case that these companies are now seeing their future in much clearer shades of "green" than may have been the case in the past, it is somewhat less clear as to how obligations to reduce emissions will be transcended into actual business models. It may well be that in some cases, a trade off in terms of emission reduction with other sectors will emerge in order to reach national emission goals, but this is only one of many questions yet to be answered.

Please join us for the next meeting of the Brussels Energy Club on July 7 when we will address these as many other questions, as we turn to the topic of "Decarbonisation strategies of the international energy companies"

 

Speaker information 

Ambassador Luca Giansanti is the Head of European Government Affairs for Eni SpA since September 2019, based in Brussels.  He"s a former diplomat with the Italian foreign service.   Luca Giansanti entered the diplomatic service in 1984 and held various positions, including: Director General for Political Affairs/Political Director, Ambassador to Iran, Ambassador to the EU Political and Security Committee, Director General for Multilateral Political Cooperation and Human Rights, Deputy Director General for European Integration. He graduated in Political Science from the Institut d'Etudes Politiques in Paris (Sciences-Po) and the LUISS university in Rome.

Anders Marvik is currently based in Abu Dhabi, United Arab Emirates, where he manages technology communications of the Abu Dhabi National Oil Company (ADNOC). He has also managed ADNOC's work in the sphere of competitive intelligence. Until 2018, he  held the position of VP for Government and Political Affairs and Head of the EU Representation for the Equinor (previously Statoil) in Brussels. Anders started his career with Statoil in 1996 and his 20+ year career with the company has covered multiple international management experience for the group, including extensive stints in Caracas (Venezuela) and London (UK), where his responsibility included treasury finance, auditing, risk management, competitive intelligence and government affairs. He graduated in the area of economic and finance from the University of Strathclyde, Scotland.

 

Further information and participation

Registration is required for participation in this online meeting. A meeting ID and password required to enter the meeting will be sent by email to all registered participants. The meeting will be recorded and open to the public afterward.

Please contact us on info@brusselsenergyclub.org for more information