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Energy Perspectives
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Read morePerspective Oil's carbon problem There are market signs everywhere of growing impatience with the oil industry. Powerful investors are exiting high-carbon investments or limiting their exposure. As the financial sector incorporates climate risk into credit calculations, companies not prioritizing decarbonization face a higher cost of capital, according to research by environmental disclosure nonprofit CDP. A growing number of regulations worldwide restrict or tax carbon dioxide (CO2) emissions. In surveys, the public ranks climate change as one of the biggest existential threats to the planet. Recently, Google pledged to stop developing artificial intelligence tools for oil exploration. And finally, industries across the spectrum are pledging to go carbon-neutral. -
Read morePerspective Powering renewable energy via tax insurance The successful financing of any renewable energy development in the US is contingent on a project’s eligibility for investment tax credits (ITC) or production tax credits (PTC). Where the facts and circumstances of a project do not fit squarely and unambiguously within the scope of tax legislation and IRS guidance, renewable energy companies can use tax insurance to provide the protection that capital providers require. -
Read morePerspective Best practices when postponing inspections in downstream energy Two-thirds of energy (oil, gas, petrochemicals, and derivatives) and power companies have implemented, or are considering, cost-control measures. Most companies are protecting critical maintenance, but many are reconsidering non-essential maintenance, according to Marsh JLT Specialty’s recent Energy and Power Spot Poll. -
Read moreWebinar Business Interruption in a Low Commodity Price Environment Members of Marsh’s energy group, featuring speakers from Marsh Risk Consulting's Financial Advisory Services Practice, recently hosted a webcast discussing factors to consider when valuing business interruption in a low oil price environment. To help energy and power companies analyze risks and prepare for the future, panelists walked through several business interruption insurance scenarios, valuation examples, and solutions. -
Read moreWebinar Why insurers care about your ESG strategy Maintaining a cost-efficient and sustainable insurance program has never been more challenging for energy and power companies as we see capacity coming at a cost, particularly for those with carbon intensive exposures. Pressure from investors has been ramping up, while Environmental, Social, and Governance (ESG) scrutiny is increasing. -
Read morePerspective COVID-19’s Impact on the Global Energy and Power Industry In April 2020, Marsh JLT Specialty’s Energy and Power Spot Poll surveyed energy and power companies to understand how they were responding to the suddenly reduced energy demand and drop in oil price. Respondents ranged from small to very large operators, headquartered across the world. -
Read moreWebinar Energizing the digital shift The COVID-19 pandemic and its associated impacts have changed the way energy companies operate. From oil refineries, to power plants, and everywhere in between, the transfer of intelligence and information poses significant risks to the sector. While many industries embraced, and in many instances accelerated, a digital transformation in their pandemic response plans, is that really the case for the companies that power our world? -
Read moreReport COVID-19 Risks Outlook: A Preliminary Mapping and Its Implications Economic distress dominates companies’ top concerns, yet leaders must act now to address the knock-on effect of far-reaching environmental, societal, and technological risks -
Read moreWebinar Positioning Your Supply Chain For Post-COVID-19 Shut Down The initial COVID-19 outbreak has resulted in a nearly 30 percent decline in oil demand and has subsequently resulted in lower oil prices. As we enter the next wave of the pandemic a long haul of suppression is expected, making it necessary for Oil & Gas companies to adapt to a “new normal”. -
Read morePerspective How COVID-19 Strategies Can Help Fight Climate Change The strategies being implemented today to offset the economic impact of months of lockdowns might also inform efforts to reduce CO2 and other greenhouse gas emissions moving forward. As companies make calls about how, where and when to cut costs and where to invest post-COVID-19, they need to start using a green lens to make sure that decisions on such items as capital investment or asset retirement also reflect their future needs to reduce their carbon footprint. -
Read morePerspective How Natural Gas Can Weather The Pandemic As the COVID-19 pandemic evolves and timeframes for school and non-essential business closures continue to extend, the Natural Gas sector in North America faces potential volume drops and price fluctuations as power generation declines and the oil price wars play out -
Read moreReport 100 largest losses in the hydrocarbon industry 26th edition of Marsh JLT Specialty's 100 Largest Losses in the Hydrocarbon Industry report - summarising the 100 largest property damage losses from the hydrocarbon extraction, transport, and processing industry between 1974 and 2019 -
Read morePerspective The dual threat: COVID-19 and low oil price survey results April 2020 Mercer reached out to HR leaders across the energy industry to understand the actions they are taking as these two challenges started to impact the industry. The global survey results highlight how organizations are thinking about reducing their workforce, freezing headcount and salaries -
Read morePerspective Managing Liquidity During COVID-19 The outbreak of COVID-19 has led to increased volatility across global financial markets and will undoubtedly impact a broad range of industries—including the energy and power sector -
Read morePerspective Modernising ageing transmission The average age of electricity transmission infrastructure in the United States is forty years, with more than a quarter of the grid fifty years old or older - aging infrastructure is long overdue for a major overhaul -
Read morePerspective Oil prices could remain depressed for at least a year The coronavirus pandemic has helped create a perfect storm too much supply and not enough demand that could depress oil prices for at least the next year — and maybe longer
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In @OliverWyman's latest #OWInsight, Douglas Elliott shares the most important lessons to take away from the #COVID19 crisis: https://t.co/xzn5aCXBJu #finserv https://t.co/OgkqYw7eV1
How has California responded to #COVID19? Sam Glick of @OliverWyman and Dr. Alice Chen of @CHHSAgency discuss the lessons learned and the balance between the public #health and #economy: https://t.co/wUsgc4ODfz https://t.co/KDodz929yF
Due to #COVID19, cash decisions are now based on survival in the U.S. — @JKaitzAFP of @AFPonline shares insight via @BRINKNewsNow: https://t.co/1RFXg9IDRn #finance #economy https://t.co/01HsAUUoO7
Join us on tomorrow for a discussion on race with @JAPortalatin of @MMC_Global, Lori Montenegro of @TelemundoNews and Lucida Plummer of @jpmorgan at 1PM ET: https://t.co/lgKGEqpFYy #diversity #inclusion #employeeexperience https://t.co/Idp0yjSjbs
It's imperative to ask the right questions to understand the true level of #diversity within an #investment team's key decision makers. @mercer shares more: https://t.co/R96HYwGFrz https://t.co/c0PljohNZp
RT @MarshGlobal: Read our six steps for helping energy and power companies manage personnel management of change challenges while operating…
“When people are comfortable with you, they are more apt to trust you and have difficult conversations.” — Betty Elliott, @mercer Chief Information Security Officer https://t.co/3fz5t3OuWq #womenintech #womeninleadership #cybersecurity https://t.co/2YZaidWA8k
It's crucial to set and communicate protocols that are created to maintain and manage a healthy work environment. @MarshGlobal shares 6 free and ready to use posters for the workplace: https://t.co/9g44zjFBBP #COVID19 #employeeexperience #health https://t.co/hB7agUq0ho
The number of confirmed #COVID19 cases in the U.S. is now over 4M and growing exponentially, but when is it expected to reach 5M or 6M? Learn more via @OliverWyman: https://t.co/ozwtY8HnJn #health #pandemic https://t.co/U6j0JTxNk8
On August 5, join @JAPortalatin of @MMC_Global, Lori Montenegro of @TelemundoNews and Lucida Plummer of @jpmorgan for a webinar on Afro-Latinos in Corporate America: https://t.co/JNb2cecRbg #diversity #inclusion #employeeexperience https://t.co/hxQg08aXed