Time: 12:00 - 1:00pm
Venue: Room 3.1, Centre for Commercial Law Studies, Lincoln's Inn Fields, WC2A 3JB
The Energy Law Institute is delighted to announce that the third lecture of 2018/19's Friday Lecture Series will be given by Charlie Kronick, Senior Climate Adviser at Greenpeace, who will present a talk titled
The future of the Oil Industry has already been written - the only question is will it be managed decline or precipitous collapse?
Climate Change has been the "spectre at the feast" for the oil industry since the late 1990s. Any meaningful response to climate change would inevitably mean a transformation of - and a radical haircut for - the oil industry - both as a key driver of the global economy and a cash cow for institutional investors, largely in the financial centres of Europe and North America. This is a serious disincentive to meaningful action - turkeys don't vote for Christmas. But the climate realities highlighted in the IPCC Special Report on 1.5 degrees, published on 8 October 2018 powerfully reinforced the actual narrative. The future of the oil industry had already changed - now it's up to the industry, investors and governments to catch up with that reality.
Charlie Kronick, Greenpeace
Charlie Kronick is Senior Climate Adviser at Greenpeace UK. He has worked in the fields of environment and development as an activist, campaigner, and writer over three decades. He has focused for over 10 years since the financial crisis on the risk from a failure to accelerate the low carbon transition and on the related risks to capital markets from investment in long life, high carbon infrastructure.
Please note this event is open only to Queen Mary students and representatives from members of the ELI.