Welcome to this Virtual Roundtable discussion featuring Alex Budden, VP Corporate Affairs at Lundin Energy, on how the world is moving towards a lower-carbon energy future, and one where he believes oil companies must be part of the solution.
The world is moving towards a lower carbon energy future, and International Energy Agency scenarios suggest hydrocarbons will still be an essential component of secure, reliable and affordable energy supplies. Predictions for global energy demand show that oil and gas will still meet about half of the energy demand in 2040, even with the hopes for the acceleration of renewable energy. But emissions need to be halved over the same period in order to meet the goals of the Paris Agreement. Alex will raise how oil companies must be part of the solution in providing this much needed energy with a lower carbon footprint, as he discusses Lundin Energy’s role in this including why they are advocating for high carbon taxes to help change industry practise and consumer demands.
Alex is responsible for delivering Corporate Affairs strategies across the business, including strategic communication issues, at Lundin Energy where he has worked since 2017. From 2012 to 2017 he was VP External Relations for Africa Oil and Africa Energy as well as Director of the Lundin Foundation, which advises on sustainable business activities and delivers social impact investments on behalf of Lundin family companies. Previously he was a diplomat for the British government for 21 years serving in various posts around the world.
About the Virtual Roundtable
The SCC's Virtual Roundtables bring together tailored and differently composed, intimate groups of business leaders for interactive discussions. The event takes place virtually and follows the Chatham House Rule.
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