F&ES 778b / 2014-2015
Energy and Sustainability: Markets, and Business (Feb 16 - Apr 1)
The upheaval in the global oil market over the last half decade has been unprecedented. Rising fuel costs and volatility of the oil market can have negative impacts on venture profitability, if firms do not have strategies to deal with such risks. Global climate change and sustainability is another challenge that is increasingly impacting businesses. Energy sustainability as a business goal extends beyond “green” products but encompasses a set of complex values that can be expressed in a multitude of ways. Sustainable development broadly defined ensures that economic and social activity can meet the needs of the present without compromising the ability of future generations to meet their own needs. Governments, businesses, civil society and individuals all have a role in promoting sustainability.
This course will introduce students to the inner workings of the oil and gas industry and the geopolitical and economic influences that affect energy pricing and the associated environmental externalities of the oil and gas business. Students will learn about that various strategies, tools and financial products that are available to help business managers reduce their business’s exposure to fuel price risks and to address carbon emissions limitations. Topics will include case studies on corporate responses to the potential "carbon bubble," gyrating jet fuel prices and integrating energy efficiency and renewable energy into fuel strategies.
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