The Effect of Climate Change on Energy, Oil and Gas Industry of Trinidad & Tobago

The Effect of Climate Change on Energy, Oil and Gas Industry of Trinidad & Tobago

Jesus Hackshaw Christian Mcclean Leela Lalgee

1

De Vane Samuel Kristy Kanick

Arthur Lok Jack Graduate School of Business IMBA Cohort 39 Team New Beginnings 28 November 2011

The Effect of Climate Change on Energy, Oil and Gas Industry

ABSTRACT

For the next 20 years how will Climate Change affect the Energy, Oil & Gas Industry in Trinidad and Tobago? Christian Mcclean1, Kristy Kanick1, De Vane Samuel1, Leela Lalgee1, Jesus Hackshaw1 The authors provide an overview of the research on Oil & Gas business in Trinidad & Tobago with respect to climate change effects taking into consideration the next two decades. It covers a synopsis of policy developments, companies' political and market responses to climate change, and indicates recommended areas to foster economic development. Oil and Gas businesses must keep up to date with relevant research on Climate Change trends, impacts, risks, relevant government policies, as well as best practices within the region they operate.

Keywords: Climate Change, Trinidad & Tobago, Economic Development, Oil & Gas

Acknowledgement: Mr.Henry Bailey who has taught Cohort 39 Economics for International Business, Dr.Marlene Attzs on her guest lecture on „Climate Change and Sustainable Development in Caribbean SIDS‟ and to the interviewees who are very passionate about climate change Mr. Ryan Ramjit, Regional HSSE Manager, Repsol and Mr. Tyrone Kalpee VP HSSE, bpTT LLC.

Page 2

The Effect of Climate Change on Energy, Oil and Gas Industry

Contents

ABSTRACT .................................................................................................................................. 2 Contents ......................................................................................................................................... 3 Introduction...