Saturday, June 13, 2015

Likes: Macro-level Industry Analysis, Complaining about Cold Weather. // Dislikes: Actual Cold Weather.



I should have knocked on wood last week when I wrote that post about "sunny" London. Why? Since my last post, the weather has been mostly cold, downcast and generally unpredictable. 

Still, London has remained a total babe, rain or shine. I mean, come on: 

And the unpredictable precipitation just gives me something to chat about in elevators or the back of taxis. I find that Brits complain about the weather with the same natural reflex that the rest of the world reserves for gulping in air between sentences. And trust me, I love complaining as a form of small talk, so crack on with all of this weather chatter! I'm right there with ya.

(In the breathtakingly lifelike portrait above, I can be seen engaging in my new favorite past time, complaining about how cold it is!) 

But enough about the weather- there are more important things to discuss. This week, I started work at IPIECA, the global oil and gas industry association for environmental and social issues. IPIECA was formed in 1974 and has since served as the industry’s principal channel of communication with the United Nations. With 37 members, IPIECA covers more than half of the world’s oil production, and helps the oil and gas industry improve its environmental and social performance in 4 key ways: 

1. Developing, sharing and promoting good practices and solutions.
2. Enhancing and communicating knowledge and understanding.
3. Engaging members and others in the industry.
4. Working in partnership with key stakeholders.


IPIECA does this work by drawing on the skills and expertise of its international membership and key stakeholders, through the interface of member-led working groups. IPIECA has working groups that address specific issues, such as biodiversity, climate change, health, oil spill preparedness, fuels and products, reporting, social responsibility and water.


Although most of my work will be done with the social responsibility working group, I have been fortunate enough to participate in projects for some of the other working groups such as fuels and products, and health. I hope to have the opportunity to experience all of the working groups before the end of the summer, in order to get a big picture understanding of the workings of the oil and gas industry, and the varied ways in which the industry must operate in order to be environmentally and socially responsible.


Indeed, in the week that I have been here, I have really come to respect the chain-of-events oriented, high-level understanding that is necessary when trying to make significant impact on industries and global issues. Earlier in the week, I wrote a briefing on the BP Statistical Review of World Energy, an annual report released by BP that describes the state of world energy in the past year. 

Although it would take many longwinded blog posts to describe all of the fascinating things contained in the report, I found it most interesting to learn about the diverse variables that influenced global energy production and consumption in the past year, and the chain of events that were subsequently set off.



Within the Rube Goldberg-esq machinery that is the global energy market, many seemingly unrelated variables - technology breakthroughs (the US shale revolution,) weather events (a historically mild winter in Europe,) economic climates (slowing growth of China’s GDP rate,) and geopolitical events, (such as the Arab Spring and the conflict between Russia and Ukraine,) – all come together to produce industry realities that have broad sweeping trickle-down effects all over the world. In this case all of these events came together to produce the slowest aggregate growth rate of energy consumption since the 1990s. (Disregarding the year of the financial crisis, that is.) 

While learning about all of these things, it became abundantly clear that understanding the way the machinery works is the first step towards driving the engine in the direction you want it to go…which is toward social and environmentally responsible industry practices. (See what I did there? I know. Totally insufferable.)


In my next blog post, I’ll discuss office culture, (everyone is so sweet!) and my experience at the retirement lecture of Georg Kell, Executive Director of the UN Global Compact.

See you soon!