Senior Research Scholar
Dr. Luisa Palacios is a Senior Research Scholar at the Center on Global Energy Policy. She comes to the center after a multidisciplinary career in the intersection of energy, finance and policy.
In March 2021, she completed a two-year period in the Board of Directors of Houston-based Citgo Petroleum Corporation, the 5th-largest independent U.S. refiner during most of which she served as Chairwoman. She and her board colleagues led the company during a critical period in its history, as it faced significant geopolitical, financial, operational, and legal challenges. As Citgo’s first-ever chairwoman, Palacios also shaped efforts to strengthen corporate governance, ethics, and social responsibility, including the publication of the company’s first-ever ESG report.
Before her time at Citgo, Palacios was a Senior Managing Director and member of the management committee of Medley Global Advisors, a macro policy research firm. She headed Medley’s Latin America’s economic and energy practice and later the firm’s emerging market research efforts. She previously worked at Barclays Capital as a Director in the emerging markets research department in New York, and as an economist in the risk department at Société Générale in Paris. She also worked as a senior economist at the Japan Bank for International Cooperation and was a consultant in the Office of the Chief Economist for Latin America at the World Bank in Washington, D.C.
She graduated from Universidad Católica Andrés Bello in Caracas, Venezuela; received a master’s degree in international affairs from Columbia University’s School of International and Public Affairs; and obtained a Ph.D. in international affairs from The John Hopkins University School of Advanced International Studies where she wrote her dissertation on Latin America’s national oil companies. Dr. Palacios is co-head of the ESG working group at the Center on Global Energy Policy, is part of the Editorial Board of the Americas Quarterly, member of the Venezuela Working Group of The Atlantic Council, affiliated faculty at the Institute for Latin American Studies at Columbia University, and Adjunct Professor at Columbia University’s School of International and Public Affairs.
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.
Achieving the goal of net-zero greenhouse gas emissions by 2050 requires a substantial reduction in the share of high-emitting fossil fuels in primary energy consumption.
On October 11, 2022, Columbia University’s Center on Global Energy Policy convened a roundtable to discuss whether there is access to adequate financing for oil and gas assets to meet energy security and affordability needs during the transition to net-zero emissions.