Fellow in Energy and Global Oil
Baker Institute for Public Policy, Rice University, Houston, TX
Energy Security and the Energy Transition After a Crisis
Policymakers and companies around the world are grappling with how to understand the implications of an energy system in transition—and if they aren’t, they should be. In addition to geopolitical risk, reliability of energy supplies has been threatened by factors ranging from weather events to terrorist activities, industrial accidents, and cyberattacks. The recent attack on Saudi oil facilities, hurricanes on the Gulf Coast, and high winds and wildfires in California have brought energy security once again into the global headlines. The U.S. and its allies have spent the past 50 years building a robust domestic and international response system to mitigate risks to oil supplies, but similar arrangements for other energy forms remain limited. This presentation will describe the speaker’s recent paper, which offers a framework for assessing energy security based on an evaluation of vulnerability, risk, and offsets. This approach has been a useful tool for assessing oil security for the past 50 years and can be relevant for assessing energy security in a system in transition.
Shearman & Sterling, New York, NY
Shearman & Sterling, Washington, DC
Beware! Whistleblowers, Wolves, and Lambs-Navigating Ethical Landmines in Global Investigations
Whistleblowers in the news are a good reminder that allegations of wrongdoing may come to a company’s attention through many avenues, including both publicly and internally. In the extractive industries, issues may arise regarding compliance by the company, its employees, agents, consultants, and business partners with environmental and resource protection laws, as well as anti-corruption, sanctions, and anti-money laundering laws and regulations. This presentation will address the steps companies should take once they become aware of such allegations, including the pitfalls they may encounter when there is a whistleblower involved, the relevance of the Model Rules of Professional Conduct to the conduct of the investigation, and the role of executives, the Audit Committee, and the Board in overseeing any internal investigation and interactions with the government, including whether or not to make a voluntary self-disclosure.