Conference co-founder Graeme Edge said the energy industry is undergoing a massive shift away from fossil fuels even while global demand for energy is expected to increase apace.
“By having this in an oil-and-gas centre, we’re thinking about the future of energy through a lens of opportunity rather than a lens of fear. That disruption can create a lot of business opportunities.” Mr. Liebreich, who delivered the opening speech at last year’s event and is returning next week, said many in the industry still haven’t fully realized that the ground is shifting. To survive, he said, they must either begin the shift away from fossil fuels and toward alternative energy sources or, in the meantime, become as low-carbon as possible.“They haven’t come to the understanding that their product is also doing harm,” he said in an interview.
“I would rather put my effort into building an alternative. When there’s an alternative, you can say, ‘Now we can remove these other sources from the market.’ ”