Thursday Sep 08, 2022

How BIG OIL is really facing the energy transition - JULIO DAL POZ

If you want a guided tour through the traditional oil and gas sector in this existential moment, there is no better guide than our guest today – Julio Dal Poz. He is a true veteran of the industry: from his beginnings as an engineer on deep-water drills; through stints as analyst and consultant for upstream explorers and energy markets (including a brief covering digital tech and transformation in the sector); to his years at Equinor, where he finished up head of the Advisory Board for Strategy, working on the clean energy transition. Today, he turns his experience and expertise towards helping energy firms design their own transition strategies for our future world, at FTI Consulting.

Can we resolve the tension between energy security and affordability? Does greenwashing really exist? Will the “majors” be able to innovate out of their traditional corners? Is net-zero possible for fossil fuel firms? If you think you know the answers to these questions, then prepare for a full-frontal challenge – because Julio doesn’t hold back, and it makes for a fantastic conversation.

Julio’s career transition – from getting more oil out of the ground, to helping legacy energy firms shift to a green world
The ‘next Kodak’ – the internal view of an oil major coming to terms with the reality of decarbonisation
Equinor as an early adopter in the age of the Paris Agreement
The role of government and regulation in making industry change possible
The energy trilemma of security, affordability and sustainability – does a sweet spot even exist?
Clean tech innovation – watch the smaller players if you want to get a jump on the future
Why SCOPE 3 emissions are going to be the biggest struggle for oil companies – and how they are thinking about them
Why Julio thinks greenwashing misses the point
The differences between the Global North and Global South in facing energy transitions

Chris Caldwell of United Renewables and host of The Conversations on Climate podcast talks with industry veteran Julio Dal Poz.

Brazilian-born Julio Dal Poz started his career in deepwater oil drilling as an engineer. Through many twists and turns – working across Norway, Brazil, the UK, and the Middle East - he is now a consultant advising traditional energy firms on making the transition to clean energy with FTI Consulting.

After a spell as an energy specialist at Accenture, He spent the key years between the Financial Crisis and the Paris Agreement as Senior Strategy Advisor at Equinor, where he saw first-hand what change really looks like at arguably the world’s most forward-thinking oil major. He is a frequent keynote speaker and panelist at global energy events worldwide.

Julio is a great partner for this conversation, combining his deep experience with a willingness to question common conceptions about the the fossil fuel industry,

…how society addresses the challenge of of climate change. And I think it's not discussed enough as well. I was thinking the other day about our relationship with with energy and how it's changing as well, in the same way that our relationship with, let's say, food or clothes is changing. And if we are much more concerned about how things are manufactured, how things are produced, and we're much more concerned about how our electricity is provided as well.

But now, because energy prices and electricity in these and me, because prices are going up so much, people are starting to think again quite hard about how much energy they consume and also where it's coming from as well. And then if you have a rooftop solar in your home and if you have like a battery at home or if you have like a smart meter on on your home, you have a much closer relationship to the energy that you are consuming.

…but all those things can be solved… maybe that's is the exciting part of the industry these days. There's lot of innovation.. a lot of startups working on incredibly new ideas to resolve technical and technology challenges of resolving energy generation, resolving how to deal with, intermittency of renewable power, how to deal with the challenge of storing renewable energy as well…

References

https://www.linkedin.com/in/julio-dal-poz-16b8202/

About FTI Consulting

https://www.fticonsulting.com/about

Background on Equinor

https://www.equinor.com

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Season 1 is presented by Chris Caldwell and produced by UNITED RENEWABLES in association with LONDON BUSINESS SCHOOL, ALUMNI ENERGY CLUB.

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How BIG OIL is really facing the energy transition - JULIO DAL POZ

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