Large Scale Energy Decisions under Great Uncertainty

Return to previous page

Panel Speakers

Joseph Aldy | Assistant Professor of Public Policy, Harvard Kennedy School

Joe Aldy is an Assistant Professor at the Harvard Kennedy School, a Nonresident Fellow at Resources for the Future, and a Faculty Research Fellow at the National Bureau of Economic Research. His research focuses on climate change policy, energy policy, and mortality risk valuation.  He also serves as the Faculty Chair of the Mossavar-Rahmani Center for Business and Government Regulatory Policy Program.  In 2009-2010, he served as the Special Assistant to the President for Energy and Environment at the White House.  Aldy previously served as a Fellow at Resources for the Future and worked on the staff of the President’s Council of Economic Advisers. He served as the Co-Director of the Harvard Project on International Climate Agreements and Co-Director of the International Energy Workshop before joining the Obama Administration.  He earned his doctorate in economics from Harvard University, a masters of environmental management degree from the Nicholas School of the Environment, and a bachelors degree from Duke University.

Read More »

Peter Evans | Director, Global Strategy and Planning, GE Energy

Peter C. Evans leads the Global Strategy and Planning team at GE Energy, which is responsible for tracking and analyzing political, economic and regulatory policy trends around the world.  Dr. Evans oversees the Economics, Carbon, Fuels, Policy, and Strategic Workforce Planning Centers of Excellence, as well as long term scenario planning for the business.  His is a member of GE’s Corporate Marketing Council.  Prior to joining GE, he was Director, Global Oil, and Research Director of the Global Energy Forum at Cambridge Energy Research Associates (CERA). He also worked as an independent consultant for a variety of corporate and government clients, including the US Trade Promotion Coordinating Committee, US Department of Energy, the Organization for Economic Cooperation and Development, and the World Bank. Dr. Evans has extensive international energy experience, including two years as a Visiting Scholar at the Central Research Institute for the Electric Power Industry in Tokyo, Japan. His many articles and policy monographs include Japan: Bracing for an Uncertain Energy Future (Brookings Institution, 2006), Liberalizing Global Trade in Energy Services (AEI Press, 2002), and “International Conflict and Cooperation in Government Export Financing” (Institute for International Economics, 2001). He is a member of the Council on Foreign Relations and Chair of the Corporate Planning Roundtable of the National Association for Business Economists.  Evans holds a BA from Hampshire College and a master degree and PhD from the Massachusetts Institute of Technology.

Read More »

Amb. Richard Jones | Deputy Executive Director, International Energy Agency

Richard H. Jones took up his duties as Deputy Executive Director of the International Energy Agency on 1 October 2008. Ambassador Jones, a former American diplomat, brings to the IEA over thirty years of diplomatic and policy experience on issues ranging from Middle East politics to trade negotiations and energy security. After a rapid rise through the ranks of the U.S. Foreign Service, he served as the American Ambassador to four countries: Israel (2005-2008), Kuwait (2001-2004), Kazakhstan (1998-2001) and Lebanon (1996-1998). He also acted as the U.S. Secretary of State’s Senior Advisor and Co-ordinator for Iraq Policy from February-August, 2005.

During his diplomatic career Ambassador Jones gained a wide range of policy experience in energy policy. As Ambassador in Kuwait, he held discussions with international oil companies and with the Minister of Petroleum on production-sharing proposals. In Kazakhstan, he was the key liaison between the U.S. government and the Presidency on the Baku-Tblisi-Ceyhan pipeline and other critical energy issues. In an earlier diplomatic posting in Riyadh, Saudi Arabia, he forecast, analysed and reported on changes in Saudi policy that eventually resulted in the collapse of world oil prices in 1986. In Riyadh he also reported on the development of the Saudi petrochemical industry and held talks with Iraqi officials then working to build the first Iraq pipeline in Saudi Arabia. Ambassador Jones also is well-versed in the work of international organisations. Early in his diplomatic career he served as Economic Policy Advisor at the U.S. Mission to the OECD.

Born in 1950 near Shreveport, Louisiana, Ambassador Jones has a Bachelor’s degree in mathematics with distinction from Harvey Mudd College in Claremont, CA, and an MS and PhD in Business/Statistics from the University of Wisconsin. In addition to his native English, his foreign languages include Arabic, French, Russian and German. He and his wife Joan have four children.

Read More »

John Kelly | Deputy Assistant Secretary for Nuclear Reactor Technologies, Department of Energy

Dr. John E. Kelly was appointed Deputy Assistant Secretary for Nuclear Reactor Technologies in the Office of Nuclear Energy in October 2010. He is responsible for the Department of Energy’s nuclear reactor research and development programs for Light Water Reactors, Gas Cooled Reactors, Small Modular Reactors, and advanced reactor concepts. His office is also responsible for the advanced modeling and simulation and the space and defense power systems programs within DOE-NE.

Prior to joining the Department of Energy, Dr. Kelly spent 30 years at Sandia National Laboratories where he was engaged in a broad spectrum of research programs in nuclear reactor safety, advanced nuclear energy technology, and national security. In the reactor safety field, he led efforts to establish the scientific basis for assessing the risks of nuclear power plant operation and specifically those risks associated with potential accident scenarios. His research focused on core melt progression phenomena and led to an improved understanding of the Three Mile Island accident. In the advanced nuclear energy technology field, he led Sandia’s efforts to develop advanced concepts for space nuclear power, Generation IV reactors, and proliferation-resistant and safe fuel cycles. These research activities explored new technologies aimed at improving the safety and affordability of nuclear power. In the national security field, he led national efforts to evaluate the safety and technical viability of tritium production technologies.

Dr. Kelly is an active member of the American Nuclear Society and has served on the Nuclear Installations Safety Division for the last 2 decades in a number of leadership positions. His committee work has focused on increasing the publication of scientific work in the nuclear safety field and in developing national positions on the safety of nuclear power.

Born in Detroit, Michigan, Dr. Kelly received his B.S. in nuclear engineering from the University of Michigan in 1976 and his Ph.D. in nuclear engineering from the Massachusetts Institute of Technology in 1980. Dr. Kelly is married and has three children.

Read More »

David C. Nagel | Executive Vice President, BP America Inc.

David Nagel has over 30 years’ experience in the global energy industry, having held executive positions in line operations, finance, and now, government relations.  Currently he is Executive Vice President of BP America Inc., responsible for BP’s engagement with the Administration, Congress, federal regulators, trade associations, and other DC and national stakeholders.  He took this post in July 2009, and oversaw BP’s Washington operations during the Gulf Oil Spill in 2010.

Nagel’s career began with Amoco International in Chicago.  While at Amoco he was Assistant Treasurer for the corporation, was upstream CFO at the business unit (UK), regional (Europe Latin America & Far East) and corporate levels, and held line management responsibilities for international natural gas marketing.

Mr. Nagel joined BP following the merger with Amoco in 1999, and moved to Egypt as the company’s chief representative and business unit leader for natural gas. In 2001 he was appointed President and CEO for BP Algeria, where he worked with Sonatrach and the Ministry of Energy to restructure and expand BP’s business.

In 2005 he moved into BP Group Finance positions in London, where he was Global Head of Mergers and Acquisitions, Controller for Exploration and Production, and VP for Finance Transformation.  It was as a result of this last role that he joined with three faculty from Duke Corporate Education to co-author “The New CFOs”, scheduled for publishing by Kogan Page in the spring of 2012.

Nagel is Chair Emeritus of the Advisory Board for the Vice Provost of International Studies at the University of Wisconsin – Madison, which has helped catalyse expansion of global competency for students and global engagement for the University.  He is on the executive boards of the National Action Council for Minorities in Engineering and the National Capital Area Council of the Boy Scouts,  and has actively supported rural land preservation for complex projects in Vermont.

Nagel, a native of Wisconsin, was educated at the University of Wisconsin – Madison, where he earned a B.S. with honors in Chemistry and an MBA in International Finance.  He and his wife Helen, an oil painter who holds a Masters’ degree in East Asian Art History and a diploma in Fine Arts, are based in Washington D.C. They have three adult children.

Read More »

Events such as major disasters (Deepwater Horizon oil spill, Fukushima), political upheavals (Arab Spring), and economic crises have greatly impacted the energy landscape over the last few years.

Established businesses, policymakers, and entrepreneurs have all been forced to reevaluate their priorities and strategies in light of these events. This panel will address questions such as:

  • How are major risks handled at the highest levels of business and policy? Are we able to model and quantify the risks we face? Do we understand the real stakes involved? How do we think about costs vs. risks?
  • What are the real and potential long-term effects of such events?
  • What are the worst-case scenarios, and are we prepared to respond to them?
  • What can business & government learn from each other in terms of planning? What does business need from government, & vice versa? How can they work together better?

The goal of the panel is to bring together a variety of stakeholders to discuss the impacts of and responses to such low probability, high impact events. Businesses, policymakers, NGOs, and think tanks can learn from each others’ approaches to anticipating and responding to these crises. As a global society in which energy is a critical, scarce resource, we must adopt a more proactive less reactive approach.