The Center on Global Energy Policy hosted a presentation and discussion on China’s role in global energy finance with Kevin Gallagher of Boston University’s Pardee School of Global Studies and Bo Kong, ConocoPhillips Petroleum Professor of Chinese and Asian Studies and Assistant Professor of International and Area Studies, University of Oklahoma. They discussed two of their recent studies — Mr. Gallagher’s study on China’s global developmental finance institutions and China’s policy bank lending to foreign governments for energy and Mr. Kong’s study on the extent to which the Chinese state has facilitated the globalization of Chinese energy companies. Center Inaugural Fellow David Sandalow moderated the discussion after the presentations.
On June 1, 2023, Dr. Melissa Lott, Director of Research and Senior Research Scholar, testified before the Senate Energy and Natural Resources Committee on electric reliability in the United States.
In June 2022, the European Commission allowed Spain and Portugal to decouple the price of gas from that of electricity for 12 months.
National oil companies (NOCs) produce about half of the world’s oil and own the bulk of oil and gas reserves. They are also large issuers of bonds held by international financial institutions. Their ESG risks should be a matter of great concern.