Forced Changes In The Energy Industry With Mr Tom Ellacott

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About This Interview:
This interview was conducted in July of 2021 with Mr Tom Ellacott, an SVP on Wood Mackenzie's Corporate Research team. Within this 20 min session, Mr Ellacott provides his insights into recent 'upsets' with major IOCs, from ExxonMobil and Chevron's landmark board meetings to a recent court ruling calling for Shell to cut its absolute carbon emissions. In the second half of the interview, Mr Ellacott shares his thoughts on US shale oil and gas, the future role of NOCs, and the potential for Blue Hydrogen.

Chapters:
0:00 Introduction
0:59 The Net-zero Asset Managers Initiative
2:09 Hague Emissions Court Ruling
3:09 EU vs USA IOCs New Energy Approach
4:37 Shareholder Power & Climate Change
5:53 Lack of Investment in Oil & Gas
7:12 Will Oil & Gas Producers Realign Thier Businesses?
8:05 US Shale Oil & Gas Producers & Financing
10:15 Is This The End For Profitable IOCs?
11:37 Are Cross Border Carbon Taxes Inevitable?
12:37 Blue Hydrogen, CCS, & Stranded Assets
16:15 IOCs & National Rentier Economies