Staging a transformation

Energy risk management has transformed since the early 1990s. Pauline McCallion speaks to risk managers about the challenges they faced in the early days and how they compare with the issues faced today

Risk management in the energy sector has evolved greatly since its beginnings in the early 1990s.

The first energy risk managers faced a steep learning curve, thanks to huge changes in regulation, increased competition, growing market activity and product and technological innovations. Today, while energy markets might be constantly changing, those seismic shifts no longer face energy risk managers.

The role of the risk manager has also evolved enormously, and there has been a sea change in the

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