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Lydia Rainforth Hiral Patel

Episode 13

Lydia Rainforth in conversation with Hiral Patel

Can the world be less reliant on oil?

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The world consumes oil at a rate of 100 million barrels per day, as oil and its by-products touch nearly every aspect of modern life. While consumers demand change, and governments explore regulatory responses to meet their obligations to the Paris Agreement, can the energy sector transition to lower carbon alternatives and still keep pace with current oil consumption demands?

In episode 13 of The Flip Side, Lydia Rainforth, Managing Director, Equity Research, and Hiral Patel, Head of Sustainable & Thematic Investing, Equity Research, debate the various challenges facing society and its addiction to oil. They discuss the fuel alternatives being adopted in the automotive and aviation industries, whether consumer power and regulatory responses could guide the energy industry to meet the demands for a transition to a lower carbon economy, and if reduced demand could impact oil prices and subsequent R&D investment in key industries.

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The Flip Side podcast 

This podcast series features lively debates between Barclays’ Research analysts on important topics facing economies and businesses around the globe.


An uneasy alliance: can the world be less reliant on oil? 

The world is likely to remain dependent on oil for decades but is there a balance to be struck between the demand for oil and the urgent need to contain global warming?

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Lydia Rainforth is a Managing Director in our Equity Research team with close to two decades of experience in the energy sector. Lydia started at Barclays in 2009 where she joined the nascent European equity research team. Prior to this Ms Rainforth started her career covering Russian oil and gas companies at Lehman Brothers. The Global Energy team aims to provide industry leading and thought provoking research across the industry from the early stages of exploration through to the end retail business.

Lydia & team have a special interest in the development of renewable energy and the growing role of environmental, social and governance factors in investing. Ms Rainforth holds a first class honours degree from the University of Cambridge.

Hiral Patel is the Head of Sustainable & Thematic Investing, Equity Research. Hiral & team focus on macro-level trends and the underlying investments that stand to benefit from the materialisation of those trends. This includes demographic change, disruptive technologies and evolving consumer behaviour. The team also focuses on ESG and Sustainability research. Hiral joined the team in June 2018 following five years covering the European Technology, Payments and FinTech sector.

Prior to that, Hiral qualified as a Chartered Accountant with KPMG where she worked in Audit covering Financial Services. Hiral graduated from the University of Warwick with a degree in Economics, Politics and International Studies.

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