The clean energy transition in the U.S. and around the world will require major infrastructure build-outs of all kinds: power lines for renewables, offshore wind, battery storage, pipelines for CO2, hydrogen, port infrastructure, and much more. What investments are needed, how and when they will play out, what’s the role of government vs. private sector--all of this will look different in different parts of the world.
In this edition of Columbia Energy Exchange, host Jason Bordoff is joined by Matthew Harris to discuss what capital allocation and clean technology infrastructure is needed to support a new era of decarbonization.
Matthew is a founding partner of Global Infrastructure Partners, one of the world’s largest infrastructure investors which currently manages $70 billion in assets. Prior to the formation of Global Infrastructure Partners in 2006, Matthew was a Managing Director in the Investment Banking Department at Credit Suisse, where he was Co-Head of the Global Energy Group. He’s a graduate of UCLA, serves as a member of the World Wildlife Fund Board of Directors, and also helps lead the work of CGEP as the chairman of the board.
From California wildfires and Gulf Coast hurricanes to flooding in China and Pakistan, the impacts of climate change have grown increasingly evident this year. And whether it is agricultural workers, low-income and minority communities, or the world’s poorest in the Global South, the severe inequities in who bears the burden of climate change as well as in air and water pollution is also receiving growing recognition. Journalists play a critical role in telling the stories that help illuminate how climate change affects families and workers around the world.
In this edition of Columbia Energy Exchange, host Jason Bordoff is joined by one of the leading reporters today writing about the links between a warming planet and such issues as race, conflict, natural disasters, and big tech: Somini Sengupta at The New York Times.
Somini is the international climate reporter for The New York Times. A George Polk Award-winning foreign correspondent, she previously worked in other capacities at The New York Times as its United Nations correspondent, West Africa bureau chief, and South Asia bureau chief. Somini has covered nine conflicts, including Darfur, Iraq, Syria and Sri Lanka. In 2016, she wrote a book called The End Of Karma about the exploding youth population in India and what that might mean for the future of India and the world. She grew up in India, Canada and the United States, graduating from the University of California at Berkeley.
The energy sector landscape is experiencing profound change, complexity and uncertainty--from the impacts of Covid-19 on the global economy and the prospect of reaching peak oil demand, to a rapidly rising recognition of the urgency of combating climate change and accelerated investments in low-carbon technologies. The United Arab Emirates is at the center of these shifts, both as a major Middle Eastern producer of oil and gas but also as an investor in new emerging technologies and low-carbon energy sources.
In this edition of Columbia Energy Exchange, host Jason Bordoff is joined by Musabbeh Al Kaabi, Chief Executive Officer of the Petroleum & Petrochemicals platform at Mubadala, a sovereign investment firm in Abu Dhabi. Jason and Musabbeh discuss what sectors and regions a company like Mubadala is prioritizing in its investment decisions, particularly in the wake of the Covid-19 pandemic and ambitious regional and corporate carbon policy commitments.
Prior to his current role, Musabbeh was the CEO of Mubadala Petroleum, Mubadala’s exploration and production company, from 2014 to 2017. Musabbeh holds a degree in Geophysical Engineering from Colorado School of Mines and a Master of Science in Petroleum Geoscience from Imperial College, London.
The offshore wind energy industry is on the cusp of breaking out in the U.S., with the government anticipating 2,000 turbines with 22 gigawatts of capacity in federal waters in the Atlantic Ocean over 10 years.
In this episode of Columbia Energy Exchange, host Bill Loveless is joined by Thomas Brostrøm, whose company is a leader in the industry around the world. Thomas is the president of Ørsted North America and CEO for Ørsted U.S. Offshore Wind. He joined Bill from Boston to talk about plans that Ørsted Energy has to build wind farms in waters up and down the U.S. East Coast.
All told, Ørsted has 10 offshore wind farms in the U.S., including ones in Rhode Island and Virginia that are the first to operate in this country.
Throughout the world, Ørsted has built more offshore wind farms than any other developer. By 2022, it expects to expand its offshore wind capacity to nearly 10 gigawatts, with projects in the U.S., Europe and Asia.
This from a business once known as Danish Oil and Gas Company. Thomas and Bill talk about the transition that Ørsted has undergone in recent years and whether it serves as a model for other fossil fuel companies looking to move into greener forms of energy.
They also look at the policy and economic factors promoting investments in U.S. offshore wind by Ørsted and other companies, the economic development that could accompany the industry’s emergence here, and the challenges it faces in moving ahead.
Prior to joining Ørsted, Thomas was in the investment banking and venture capital business.