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Climate Change driving Economic Change: Diversification is Key

Climate change has been constantly in the news over the past couple of weeks with the school strikes, extinction rebellion direct action and the new Committee on Climate Change Report advising that the UK government can set a target to get to ‘net zero’ greenhouse gas emissions by 2050. This has all spawned political action with the Scottish government committing to getting to net zero at the earlier date of 2045 and both the UK Parliament and Scottish government declaring a climate emergency. Added to all this is the publishing of a very serious UN Global Assessment Report: the most comprehensive study of life on Earth ever undertaken compiled by the United Nations Intergovernmental Science-Policy Platform on Biodiversity and Ecosystem Services (IPBES), which outlines the devastation humans have made to life on earth. All of it adds up to same thing: we need to change and change now!

The “Oil Tech to Clean Tech” conference on 23rd May, at RGU, is a timely response to this rapidly changing political and thereby economic environment. Here in the ‘oil capital of Europe’ there is a recognition that we need to diversify, that while the oil and gas industry still plays a large part in our economy, moving into alternative energy sources and clean tech is where the future lies and should be a major part of companies, within the Oil and Gas industry, ongoing strategy for successful growth.

With a whole array of key industry figures speaking at the conference, Alison Stuart, ACA Director comments “Over the past few weeks it has become evident that government are acting on climate change and, in order to successfully grow, companies currently in the oil and gas industry need to be ahead of the game and diversify now. We want companies and individuals to see the possibilities inherent in diversification and understand how to take that step from those industry leaders who have already successfully taken it. That is what this Conference is all about, helping companies in the North East to continue to be successful and grow in a different future environment.”

The North East oil industry boasts one of the highest concentration and broadest depth and spread of science and engineering skills to be found anywhere, which are primary requirements to develop and deliver the technical solutions the world needs. As an example, the rapid growth in marine wind power and now marine hydro power has been made possible specifically by the offshore construction industry. With the key technical and financial resources right here in the north east now, the time is ripe for companies to take the step into Clean Tech. The conference will provide insight into why and how diversification will benefit those who make this step.

Topics covered range from information on investment and funding for Clean Energy to experiences from industry players who have already made the move, featuring a host of experienced and distinguished speakers. Ian Marchant, CEO Dunelm Energy, former CEO of SSE PLC and current chairman of Wood, will present on Investment in Clean Tech Energy in Action. Bob Keiller CBE, currently business advisor at AB15, will deliver a master class on Management Buyouts based on (among others) his experience of leading the PSN buyout from Halliburton (Kellogg Brown & Root). To find out more and book a place at the Conference go to www.cleantechaberdeen.co.uk

Published: 13-05-2019
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