Global energy expert comments in the Financial Times
Speaking in the Financial Times this week, David Elmes, Academic Director of the Warwick Global Energy MBA and Head of the Global Energy Group at Warwick Business School, comments on how leaders in the global energy industry face a challenge of ever more complex decision-making. In the past, executives mainly considered what investments to make in their own part of the industry, "Today you have to consider what's happening in solar. What's the political dimension. Electric vehicles could come along. All of this means making those sorts of decisions in a capital intensive industry is much tougher."
David has seen huge changes over his 20 years in the energy sector, but nothing to compare with the turbulence of the past few years, "Anybody who has done a business case analysis of a solar development, if it was done more than six months ago, is out of date because the costs are all wrong. It's become much cheaper. And that's one reason Germany is confident it can shut down all its nuclear power stations."
Aeshwar Deonarine, a current participant on Warwick's Global Energy MBA, is also quoted. He is deputy chief executive of Guyana Power & Light, the largest state-owned electricity company operating in the Caribbean country, "The course has been the best investment in my life. And I know about investments, I am a chartered accountant by profession," he says.
The full article, Shedding light on leadership lessons for the energy industry, is Feature of the Week in the FT's business education section. It can be read in full through this link.