CEO Update – August 2020
Dear Members,
IMCA’s strategy in supporting our industry in the energy transition was to be the central theme of our seminar this October. Of course, the seminar has been postponed but the logic and theme are now stronger than ever. This month we saw BP unveil their new (reimagining energy) strategy to reposition themselves from an IOC (International Oil Company) to an IEC (Integrated Energy Company) and become a net zero company by 2050 or sooner. They will also be setting new expectations for relationships with trade associations like IMCA. No doubt we will see other supermajors redefining their strategies over the next year. Clearly there will be changes but also opportunities for the whole supply chain. We aim to assist our Members during this transition and the scope of our environmental sustainability committee is expanding very professionally under the leadership of IMCA’s Nadine Robinson.
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