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Tentative steps

Emissions Trading

State-owned companies and government-controlled financial systems are not theeasiest breeding grounds in which to set up risk management systems. But theadverse market conditions of the 1990s prompted Algerian state-owned oil companySonatrach to explore the possibility of setting one up.

“By 1998 we committed to going ahead with a risk management programme, but ittook a long time to mature the project and it was a slow process due to the complexityof some of the legislation in Algeria,”

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CRO interview: Brett Humphreys

Brett Humphreys is head of risk management at environmental markets specialist Karbone. He talks to Energy Risk about the challenges of modelling outcomes in unpredictable times and how he’s approaching the risks at the top of his risk register

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