27 June | Online | 16:00 UK | 11:00 New York

Global Oil & Gas decommissioning liabilities amount to trillions of dollars, exceeding $4 trillion, are often underfunded, not recorded on balance sheets, and misunderstood.

Moreover, the shift towards renewable energy may accelerate the recognition of these liabilities, potentially posing a significant threat to global financial stability.

The concept of Stranded Assets is widely recognized, but with them come “Stranded Liabilities”. Think of these liabilities as a form of underfunded pension scheme if you like.

Join Carbon Tracker’s reporting standards expert, Rob Schuwerk, climate accounting advisor, Greg Rogers, and Charlotte Gardes-Landolfini, a financial stability expert from the IMF, for a discussion on:

• The nature of these liabilities and their reporting methods.
• Their structure and the key factors influencing the amounts involved.
• The exacerbating effect of the energy transition.
• The magnitude of funds in question.
• The parties at risk.
• The reasons they constitute a grave concern for global financial stability.

List of Speakers:

Robert Schuwerk - Executive Director, North America  

Rob Schuwerk is Executive Director of Carbon Tracker’s North American office. Rob leads Carbon Tracker’s outreach and data provision to the Climate Action 100+ Initiative, as well as its work with securities market regulators and accounting standard setters around the globe, as they aim to bring greater transparency to climate-related financial risk.

Greg Rogers – Senior Advisor

Greg is a practitioner-scholar in accounting for climate change. He wrote the seminal desk book on financial reporting of environmental liabilities and risks. In addition, Greg is a Fellow and Advisor to the Master of Accounting Program at Cambridge Judge Business School.  He worked as an advisor to BP and its auditors Ernst & Young on liability estimates and disclosures arising from the Deepwater Horizon disaster.

Charlotte Gardes-Landolfini – Financial Sector Expert, IMF

Charlotte Gardes-Landolfini is a climate change, energy, and financial stability expert in the IMF’s Monetary and Capital Markets Department, in charge of climate finance policy, regulation, surveillance and technical assistance, primarily in emerging markets and developing economies. She’s involved in the operationalization of the new climate lending program of the IMF, the Resilience and Sustainability Facility.