The Role Of Risk Management And Maintenance Of The Five Capitals Through The Oil Price Drop 2014-2015

Abstract

The Alberta’s Climate Leadership Plan directly undertakes carbon emissions establishing that production of energy will be oriented to replace coal-fired generation. Consequently, promotion of renewable energy sources, adoption of sustainable public policies and corporate strategies, and redesign of regulatory frameworks will also be required. As Alberta’s energy mix will definitely change through the next decade, this research (1) preliminarily explores the risk management drivers in top five oil companies of Alberta and studies how they optimally could afford the adaptation process into new regulatory energy schemes; (2) identifies key factors and variables correlated to surviving throughout the change of energy mix processes; and (3) determines the initial variables to compose a Sustainable Risk Management Model, and which of them have more impact and effectiveness to ensure the maintenance of five capitals from a sustainable perspective. Therefore, processing and modelling we will obtain a unique set of recommendations for each segment of companies.