The Energy Transition: Geopolitics and Power Dynamics
Friday, March 11, 2022 | 12:00 PM – 1:00 PM ET
Russia’s invasion of Ukraine and the subsequent stringent sanctions that have been levied on Russia have led to skyrocketing energy prices around the world. With OPEC and its oil-producing partners rebuffing President Biden’s calls for increased production, we are once again reminded that the geographical distribution of energy resources, concentrated in regions such as the Persian Gulf, Caspian Basin, and the Gulf of Mexico, profoundly shapes patterns of international trade, wealth, and political development. On the other hand, the increasingly evident climate crisis and the international agreements that aim to address it, most notably the Paris climate agreement, are leading most countries to commit to green energy, and reduce their fossil fuel use. These fundamental changes will have wide-ranging geopolitical and economic consequences as power shifts away from fossil fuels. Moreover, the new geopolitics of energy will be increasingly determined by issues such as access to green technologies, rare earth materials, power lines, and storage capacity.
Join us on Friday, March 11th at 12 PM EST to explore the counter-intuitive understanding of how the green energy transformation will shift the world’s geopolitics and power dynamics with Dr. Robert J. Johnston, Special Advisor on Energy and Climate to Eurasia Group & Mr. Reid Morrison, Global Energy Advisory Leader & Principal at PwC United States.
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Dr. Robert J. Johnston
Robert (“RJ”) Johnston is Special Advisor on Energy and Climate to Eurasia Group. RJ founded the firm’s Energy, Climate, and Resources practice in 2006 and served as the firm’s CEO from 2013 to 2018, overseeing a period of rapid growth and international expansion. RJ has 25 years’ experience working closely with corporate and institutional investor clients in the oil and gas, mining, electric power, and clean tech sectors on strategy, risk assessment, government relations, and communications around policy, markets, and geopolitics.
RJ is also an Adjunct Senior Research Fellow at the Columbia Center for Global Energy Policy. He is an advisor to start-ups in polysilicon/solar PV manufacturing, climate-focused fintech, and energy transition supply chain private equity.
Prior to joining Eurasia Group, RJ served as managing director of equity research at Medley Global Advisors, where he was responsible for providing political and strategic insights to clients in the institutional investment community and served as the lead analyst for global energy equities. RJ, in addition, was a research director at UBS Warburg Energy, working directly in support of energy trading. And he previously directed internal research teams supporting oil, LNG, metals, and FX trading at Enron Global Markets. Earlier, at ArmorGroup, RJ directed political risk research for corporate clients in a variety of markets including China, Russia, Colombia, and Indonesia.
Recent notable achievements include published contributions to the Atlantic Council, World Energy Council, Harvard University Belfer Center, the National Petroleum Council, the International Gas Union, and the Canadian Energy Research Institute. He participates regularly in industry policy development initiatives including the Canadian Association of Petroleum Producers Oil Sands Dialogue, the Brookings Institution Task Forces on US Crude Oil and LNG Exports, the Atlantic Council Global Energy Forum Abu Dhabi, and PwC Energy Visions, among others. RJ is a member of the Trilateral Commission and was a Senior Fellow at the Atlantic Council Global Energy Center from 2017 to 2021.
RJ holds a doctorate in international relations from American University, a master’s degree in political science from McMaster University, and a bachelor’s degree in political studies from Bishop’s University.
Reid Morrison leads the Global Energy Advisory practice which includes ESG, Net Zero, and energy transition, and is a Principal in PwC’s Houston Office. He has 25+ years of experience in the resources industries across upstream, downstream, midstream, oilfield services, utilities, EPC, chemicals, mining, and bio-fuels both domestically and internationally (supermajors, NOCs, independent refiners, E&P independents, global OFS, etc.) His client experience covers strategy, ESG, energy transition, M&A, operating model redesign, operational excellence, and trading.
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