 Sydney: 29th August
Venue: Four Seasons Hotel
Melbourne: 5th September
Venue: The Arts Centre
Rising oil prices are emerging as a major source of risks and opportunities for business and sustainability. This debate will explore those risks and ways in which leading businesses can manage them.
“We are now probably in the third oil price shock. . . now that is a problem for the world economy and it will take management." Treasurer Peter Costello (Read the Full Story). “The soaring price of fuel poses a greater commercial challenge to Qantas than terrorism, SARS or the Asian tsunami” Qantas Chairwoman, Margaret Jackson (Read the Full Story ) “Some huge companies don't even know what is happening and they are going to be ambushed and trapped and they are going to panic.” Dr Ali Samsam Bakhtiari, Former National Iranian Oil Company Executive (Read the Full Story)
“80 per cent of business executives expect that fuel prices will be the dominant influence on their operations" Christine Christian, Chief Executive, Dun & Bradstreet (Read the Full Story). An issue that can't be ignoredYou don’t have to be a peak oil advocate to understand the effect of rising fuel prices on business and the economy. The International Energy Agency has estimated that for every US$10 increase in the price of crude oil, global economic growth slows by around 1% (www.iea.org).
The Australian Chamber of Commerce and Industry and tourism operators recently raised the concerns.
Many businesses see rising fuel costs as something inevitable, something they have little or no control over. However, for those businesses that understand and manage the risks, there is an opportunity to reduce greenhouse gas emissions, air pollution and supply chain costs.
Groundbreaking research, exclusive to Green Capital
The team at Sydney University and CSIRO that delivered the widely reported ‘Balancing Act’ report are currently using that model to develop a quantitative index of sectors ranked by exposure to liquid fuel costs. This level of analysis is exclusive to Green Capital, and will be launched at the debate. Find out your companies exposure.
Expert risk analysis by leading economists at the event
Green Capital has secured two of Australia’s leading economists: Dr Shane Oliver of AMP Capital Investors and Jeff Oughton of National Australia Bank. They will give keynote presentations on the risks and opportunities resulting from sustained high fuel prices.
Environmental implications
Jeff Angel and Marcus Godinho have decades of experience campaigning on transport and fuel issues. On the one hand, high fuel costs should give the price signal for business and consumers to use fuel more efficiently – a real positive for the environment. On the other hand, existing environmental regulations affecting fuel alternatives and standards could come under pressure, with new environmental controls unlikely.
Don’t be a bystander: Understand and reduce your fuel risks
Our expert panel will debate what kinds of risks and opportunities will arise from higher fuel costs, and what businesses can do to actively manage the issue like any other business risk. It’s time to move beyond the macro implications and onto the practical impacts on business, consumers and the environment.
SpeakersSydney
Dr Shane Oliver - Head of Investment Strategy and Chief Economist, AMP Capital Investors
Jack Hoysted - National Manager - Transport, Tourism and Transport Forum Australia
Simon Smith - Deputy Director General, NSW Department of Environment & Conservation
Jeff Angel - Executive Director, Total Environment Centre Melbourne
Jeff Oughton - Head of Economics, National Australia Bank
Jack Hoysted - National Manager - Transport, Tourism and Transport Forum Australia
Ian McPhail - Commissioner, Office of the Commissioner for Environmental Sustainability VIC
Marcus Godinho - Executive Director, Environment Victoria We are approaching high-level speakers from business, government, the finance sector and environmental community groups to debate the issues. Watch this space!
Why should you be at the debate?For Everyone
- Be the first the get the exclusive analysis of supply chain exposure to fuel cost by Sydney University and CSIRO.
- Hear expert analysis of fuel related risks and opportunities for key sectors by leading economists whose perspectives influence capital flows.
- Get involved. Ask questions directly of our panel.
For Business
- Understand the risk management approaches that could be applied by your business.
- Hear about the implications for corporate sustainability.
- Network with other businesses, organisations and NGOs.
For Government
- Hear about the interaction between government policy and private sector responses to rising fuel costs.
- Hear about the implications for sustainability from business, government & NGOs.
- Network with businesses, organisations and NGOs.
Post-Debate Forum: Policy Settings Wish listThis forum will focus in on a particular aspect of fuel and transport: policy settings. While there is a lot that business can do directly to manage fuel related risks and opportunities, there will be a number of barriers that will only be overcome with government policy changes. The idea behind this forum is to workshop a list of changes that could be made by local, state or federal governments that would assist business to manage the risks and continue to advance environmental sustainability.
Subscribers to Green Capital and attendees to Fuelling the Future events can attend free. Guest tickets for the post-debate forum are $55 each.
Sydney: 29th August, 10:30am - 12:00pm,
Venue: Level 28, NAB House, 255 George St, Sydney
Melbourne: 6th September, 9:00am - 10:30am,
Venue: RMIT City Campus, Building 1 (Francis Ormond Building), Council Chamber, Level 2
(enter 124 La Trobe Street, Melbourne)
We are approaching leading decision makers from governments and business to introduce the issue.
More InformationFor background information to this issue, check out some of the resources below:
ABC 4 Corners ‘Peak Oil?’ Story - 10/7/06
Balanced coverage of the peak oil debate
Australian Association for the Study of Peak Oil and Gas (ASPO Aust)
Contains a wealth of information and discussion about peak oil issues
Analysis by Shane Oliver, Chief Economist for AMP Capital
Well researched economic analysis of rising fuel prices on the economy
It cant be ignored
Why should you be at the debate?
Speakers
Post Debate Forum: Policy Settings Wish list
More Information |
