Onshoring the Extreme Form

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Onshoring the extreme form means, making sure that there are American supply chains. There's a kind of softer form which is sometimes called friend shoring where our allies are considered honorary Americans as it were. Once you start friend shoring, then the politics in Washington erodes a little bit because it's not American jobs. And I'm very concerned that all the onshoring and friend shoring and the other variants of shoring will introduce chaos into those markets.

This week the ESG Insider podcast is on the ground in Houston, Texas for a special episode covering key themes from one of the world’s largest energy conferences — the annual CERAWeek event hosted by S&P Global. The event brings together big names from across the oil and gas, finance, government and technology sectors, and provides an opportunity to take the pulse of the global energy industry on the low-carbon transition.

In this episode we cover key themes that emerged throughout the week, from balancing sustainability goals with energy security needs, to emerging energy technologies, to the just transition.

Guests on today’s episode include:

Jigar Shah, Director of the U.S. Department of Energy's Loan Programs Office

Lance Uggla, CEO of BeyondNetZero, a venture targeting growth equity investments related to climate change, and the founder and former CEO of IHS Markit before it merged with S&P Global
Alok Sinha, Global Head of Oil & Gas and Chemicals at international bank Standard Chartered
Ben Wilson, Chief Strategy and External Affairs Officer at National Grid and Interim President of National Grid Ventures
Dr. Mike Howard, Chair of the World Energy Council
Allyson Anderson Book, Chief Sustainability Officer at Baker Hughes, an energy and industrial technology company

Amanda Eversole, Executive Vice President and Chief Advocacy Officer at the trade association American Petroleum Institute
Jessica Monserrate, Head of Sustainability North America at BASF, the world's largest chemical company
David Victor, professor of innovation and public policy at the School of Global Policy and Strategy at UC San Diego in California
Shannon O'Neil, Vice President, Deputy Director of Studies, and Nelson and David Rockefeller Senior Fellow for Latin America Studies at the Council on Foreign Relations, a think tank

You can find more coverage of CERAWeek from S&P Global here: https://www.spglobal.com/commodityinsights/en/market-insights/topics/ceraweek

And you can listen here: https://www.spglobal.com/en/research-insights/podcasts/essential-podcast/the-essential-podcast-episode-81-ceraweek-day-5

Listen to our previous episode on the U.S. Inflation Reduction Act here: https://www.spglobal.com/esg/podcasts/what-landmark-new-us-climate-law-means-for-emissions

You can listen to our Women in Leadership podcast series here: https://www.spglobal.com/esg/insights/featured/special-editorial/women-in-leadership

Photo source: Getty Images

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