Energy firms rethink risk-capital allocation
Rethinking risk-capital allocation
The fallout from the financial crisis has seen a fundamental shift in the attitude of energy companies to their balance sheets. Investment and expansion has given way to capital constraints, asset divestment and a refocusing on core business as the harsh realities of an ongoing balance sheet recession have set in.
This environment is also driving a renewed focus on the approach that energy companies take to defining and allocating the capital required to support their risk exposures. Concern
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