Energy companies around the world are reassessing their business models in response to fundamental changes in markets, including new technologies, concerns over the environment and new customer expectations. For many companies, this means significant adjustments in their priorities and investments.
Bill Loveless speaks with Iain Conn, CEO of Centrica, a multinational company that supplies energy and services to 28 million customers primarily in the United Kingdom, Ireland and North America. They discuss:
- The potential of a future oil supply crunch
- Energy security in the U.S. and in Europe
- U.S. LNG in the world market
- How climate change is impacting utility business models