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Archive for December, 2010

Energy CFO Summit 2011


Staying Nimble in the Energy Sector








 



 

Hill Huntington, a speaker at the marcus evans Energy CFO Summit 2011, on capitalizing on opportunities in the energy sector.

Interview with: Hill Huntington, Executive Director – Energy Modeling Forum, Stanford University



FOR IMMEDIATE RELEASE


The real opportunities in the energy sector come from being nimble and quick in adjusting to market changes, says Hill Huntington, Executive Director – Energy Modeling Forum at Stanford University. Energy company Chief Financial Officers (CFOs) need to embrace a certain degree of uncertainty to navigate through complex systems in a constantly changing landscape. A speaker at the marcus evans Energy CFO Summit 2011 in Hollywood, Florida, February 16-18, Huntington discusses the future of the energy sector and the role Energy CFOs can play in capitalizing on opportunities.


What is your outlook on the energy sector?


Hill Huntington: The energy business will be operating in a setting where the environment is going to be considered more pressing. Energy CFOs need to find ways to operate their businesses within those constraints.


US policy will move beyond mobile sources and look towards stationary sources, industrial and power facilities, to reduce greenhouse gas emissions. Although inferior to more comprehensive climate legislation, performance standards under the Clean Air Act (CAA) will be used to encourage energy efficiency improvements and biomass co-firing to regulate emissions. The US will also need to resolve the issue of offshore drilling after the BP fiasco; how much they are going to open up offshore drilling will be a key issue.


Do you see a future where new technologies will allow energy companies to make use of exhausted sources of oil and gas?


Hill Huntington: The technology in this sector is constantly changing, with new ways for drilling and extracting oil and gas. There is great potential in not only depleted oilfields, but also unconventional sources. The question is, how much exposure companies would be willing to have to those types of assets. Investing in such fields and sources could be a good strategy for those looking to diversify their portfolios.


How can Energy CFOs help their organizations capitalize on opportunities?


Hill Huntington: It is extremely difficult to accurately project what is in store for the energy sector. There are technology changes, new sets of rules, constant fluctuations in the price of oil, rapid growth in China and decisions being made in the Middle East. I often tell people that the real opportunities come from being as flexible and nimble as possible. Often the hardest lessons are learned in industries that are capital intensive, such as in the energy sector, but I strongly believe that when one develops a strategy one needs to consider all aspects of it. Many things are happening, so Energy CFOs need to stick to doing what they know best, follow that strategy in a relatively nimble way, and be able to adjust to rapid changes in the market. It is a question of balance.


They need to support corporate decisions on large energy projects by finding the right people for an impartial view of what is happening. There are lots of companies promoting different technologies and policies, but Energy CFOs have to find people who can give them a good on-the-ground interpretation. A framework has to be in place to evaluate opportunities in a consistent way, as things can sometimes get a little complicated. Energy CFOs should focus on the decisions that are critical to the company, and embrace a certain degree of uncertainty to navigate through complex systems.


Do you have a final message?


Hill Huntington: We are in an environment now where energy decisions are being determined by many factors that lie outside our expertise. We do not know what the outcome will be, therefore CFOs need a guiding framework to look at issues internally before utilizing outside experts.



Contact:
Sarin Kouyoumdjian-Gurunlian
Press Manager
marcus evans, Summits Division
Tel: + 357 22 849 313
Email: press@marcusevanscy.com



About the Energy CFO Summit 2011


This unique forum will take place at The Westin Diplomat Resort & Spa, Hollywood, Florida, February 16-18, 2010. Offering much more than any conference, exhibition or trade show, this exclusive meeting will bring together esteemed industry thought leaders and solution providers to a highly focused and interactive networking event. The summit includes presentations on managing your business through the economic downturn, assessing the impact of environmental policy and creating a dynamic risk management strategy.


For more information please send an email to info@marcusevanscy.com or visit the event website 


To visit the energy sector portal click here



About marcus evans Summits


marcus evans Summits are high level business forums for the world’s leading decision-makers to meet, learn and discuss strategies and solutions. Held at exclusive locations around the world, these events provide attendees with a unique opportunity to individually tailor their schedules of keynote presentations, think tanks, seminars and one-on-one business meetings. For more information, please visit www.marcusevans.com 


All rights reserved. The above content may be republished or reproduced – kindly inform us by sending an email to press@marcusevanscy.com



Please note that the summit is a closed business event and the number of participants strictly limited.

marcus evans finance – Agreement to protect the single currency, European economy

marcus evans finance – Agreement to protect the single currency, European economy

EU leaders have agreed on a limited change to the EU treaties to create a permanent mechanism for dealing with financial crises in countries that use the euro as their currency.

The EU summit also agreed to push ahead with plans for greater economic co-ordination among member states.

EU leaders agreed to amend the EU treaties to allow for a permanent crisis mechanism for the countries of the euro zone, and on the exact text to be added to the treaty.

European Council president Herman van Rompuy said because the treaty change did not add to the powers of the EU, all states agreed to use the so called simplified procedure, a fast track system for changing the EU treaties introduced by the Lisbon treaty.

The states also agreed on the broad outlines of the permanent crisis mechanism, which include provision to make bondholders share losses in the event of a sovereign default on bonds issued after 2013.

Commission President Jose Manuel Barosso said all states agreed to do whatever was necessary to defend the single currency and the European economy.

marcus evans Financepresents banking, finance and insurance events, created by experienced professionals and with information presented by industry experts.

marcus evans Finance is designed to meet the requirements of senior market practitioners. Our banking, finance and insurance conferences are an exceptional opportunity to learn from and network in a very interactive and stimulating environment with the undisputed experts in the financial community.

marcus evans finance – Iceland out of recession with first quarterly growth since the crisis hit

Following its IMF-led bailout, Iceland has emerged from recession with its first signs of growth in two years.

Iceland’s GDP increased by 1.2 per cent in the 3rd quarter of 2010, its national accounts reveal. This growth has been driven by increases in domestic expenditure and household consumption

According to official data there was also a rise in exports.

Iceland and its banks were hit hard by the global financial crisis in 2008 and entered a deep recession with massive falls in GDP over 2009 as well. This rise in GDP marks the first quarterly growth since the crisis hit.

The year-on-year GDP figure still shows a contraction of 2.1 per cent but this is much slower than the previous quarter, which showed 7.3 per cent shrinkage

The latest GDP data showed household final consumption rose 3.8 per cent quarter-on-quarter. Data last month showed consumer confidence rising in Iceland, with Gallup’s index rising to 50.6 points from 32 points in October.

Iceland’s prime minister said the island expects to agree on a deal in the next few days to repay Britain and the Netherlands over the Icesave deposit scheme which failed, prompting the British and Dutch to spend €5 billion repaying local depositors.

marcus evans Financepresents banking, finance and insurance events, created by experienced professionals and with information presented by industry experts.

marcus evans Finance is designed to meet the requirements of senior market practitioners. Our banking, finance and insurance conferences are an exceptional opportunity to learn from and network in a very interactive and stimulating environment with the undisputed experts in the financial community.

Alternative Investments Europe Summit 2010


Cleantech Group: Unmasking Clean Tech Investment Opportunities







    

Richard Youngman, a speaker at the marcus evans Alternative Investments Europe Summit 2010, on the investment opportunities within the clean technology space.


Interview with: Richard Youngman, Managing Director Europe & Vice President, Global Research, Cleantech Group



FOR IMMEDIATE RELEASE


“There are drivers in the clean technology space that will be creating investment opportunities for many decades,” says Richard Youngman, Managing Director Europe & Vice President, Global Research, at Cleantech Group. However, what investors often forget is that the clean tech opportunity is not just about replacing fossil fuels. A speaker at the marcus evans Alternative Investments Europe Summit 2010 taking place in Cannes, France, 29 November to 1 December, Youngman points out the most interesting and attractive features within the clean tech space and how to generate returns on investments.


Where do the opportunities lie within the clean technology space?


Richard Youngman: With a limited amount of resources available to an ever-growing and ‘hungry’ population, the clean technology mega-trend is driven by the challenge of how we can do more with less without further damaging the environment. People often think of clean tech as renewable energy, the replacement of fossil fuels, but in many ways that masks the more attractive opportunities which can vary from the ability to save energy, for example with energy efficient technologies around buildings, through to turning waste streams into valuable assets. 


Water is another attractive area, as we upgrade and make intelligent our infrastructure to decrease the use and loss of water. We also believe that there will be many opportunities around food and agriculture this coming decade, subjects which do not get a lot of attention today. Seventy per cent of our water is used for irrigation. Some of the most interesting and indeed the most attractive investment prospects are going to come from old industries where we have got used to doing things a certain way for many decades, even centuries, and where we are very wasteful.


How would you advise investors to enter this space?


Richard Youngman: Investors need to consider their investment strategy and what they are willing to expose themselves to. Is it the energy, water or food/land opportunity they wish to focus on, or combinations of the three? What is their risk and return appetite? It is important to look at the experience and background of the fund management team, and what they focus on within their mandate. Do they concentrate on a specific angle of clean tech or do they take a broader view? Are they focused on the longer-term mega-trends or shorter-term windows of opportunity? Some of those are created by Government regulation and changing policies, which have made certain investments extremely attractive in certain periods of time in the 2000s, but the value of such investments can quickly diminish when policies, subsidies or feed in tariffs are changed. Are the investors geared to keeping on top of such developments?


From a clean tech versus the narrower clean energy point of view it is notable that clean tech has outperformed clean energy in the past few years, as it offers more diversification and exposure to a broader basket of opportunities.


What long-term strategies would you recommend?


Richard Youngman: Diversifying investments across different assets and geographies will be important. The opportunities around energy, water and land have very different but interrelated dynamics, and timings of paybacks and markets maturing will vary markedly across the world. Understanding how each is going to play out is going to be important. Having an Asian strategy is critical, almost more critical than what it is – if that makes any sense. That is where the “GDP + markets” are going to be during clean technology’s big scale-up over the coming decades. And it is not all going to be about China. In my humble opinion!
 


Contact:
Sarin Kouyoumdjian-Gurunlian
Press Manager
marcus evans, Summits Division
Tel: + 357 22 849 313
Email:
press@marcusevanscy.com



About the Alternative Investments Europe Summit 2010


This unique forum will take place at the Majestic Barrière, Cannes, France, 29 November – 1 December 2010. Offering much more than any conference, seminar or trade show, this exclusive meeting will bring together esteemed institutional investment thought leaders and solution providers to a highly focused and interactive networking event. The summit includes presentations on crafting risk management strategies, ensuring capital adequacy and adapting alternative asset allocation.


For more information please send an email to info@marcusevanscy.com or visit the event website at www.aie-summit.com


Please note that the summit is a closed business event and the number of participants strictly limited.


About marcus evans Summits


marcus evans Summits are high level business forums for the world’s leading decision-makers to meet, learn and discuss strategies and solutions. Held at exclusive locations around the world, these events provide attendees with a unique opportunity to individually tailor their schedules of keynote presentations, think tanks, seminars and one-to-one business meetings. For more information, please visit www.marcusevans.com


All rights reserved. The above content may be republished or reproduced – kindly inform us by sending an email to press@marcusevanscy.com