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PwC has appointed Rob Turner as its new sector leader for energy and resources.
Having joined PwC in 2009, his clients include international oil and gas companies, national oil companies, and public utilities, as well as financial investors.
Turner is a partner at PwC and has over 20 years experience working in the sector covering strategy, policy and regulation as well as extensive work as a commercial advisor in mergers and acquisitions, financing and restructuring.
Having started in the oil sector, he has covered the full energy value chain covering refining, distribution and trading, as well as working in upstream oil, natural gas and liquified natural gas sectors.
His work has shifted into renewables, batteries and e-mobility, as well supporting the energy aspects of net zero and wider ESG compliance.
Turner said: “With the growing awareness and importance of reaching net zero, the energy sector is under increasing pressure to show it can balance growth with decarbonisation. Supply and price pressures, exacerbated by the Ukraine crisis, have emphasised the fragility of the equilibrium in energy markets.
“Sustainability, security of supply, reducing emissions, growing low-carbon production and delivering attractive and sustainable shareholder returns are just some of the considerations that energy companies are having to simultaneously balance and prioritise.”
He added: “However, the future also promises new opportunities, from advances in alternative power sources and fuels such as hydrogen, to the development of entirely new energy systems. In order to thrive and meet the evolving expectations of consumers, investors and regulators, operators need to look at addressing the various complexities of the managed transition.”
Quentin Cole, UK head of industries at PwC, said: “With energy transition gaining pace, our energy, utilities and resources practice has grown to cover a large part of the new and emerging energies landscape, including EVs and batteries, renewables, and other technologies entering the space.
“The energy transition has created an explosion of different business models with different risk profiles in an industry which traditionally has been dominated by capital-intensive production and regulated network infrastructure.”
He added: “I’m delighted to welcome Rob into this new role, where he and his team will continue to help our clients meet their low carbon ambitions by deploying their significant technical expertise at pace and scale.”
