Energy Finance and the Energy Transition

May 19-May 20, 2023

Marriott Marquis Houston

Organized by the Federal Reserve Bank of Dallas and the Department of Finance, Bauer College of Business

Attending the conference is free of charge, but we ask you to please register if you plan to attend.

For more information, contact the UH Department of Finance at

Rooms can be booked at the Marriott Marquis (for 5/18 and 5/19) at a special conference rate from the following link (available till 4/25, 5 pm):

UH Federal Reserve Conference - Start your reservation (

Friday, May 19
8:40 AM - 9 AM
Opening Remarks
Sam Schulhofer-Wohl, Federal Reserve Bank of Dallas
9 AM - 11 AM
Academic Session 1
Session Chair: Kris Jacobs, University of Houston

Robert Stambaugh, University of Pennsylvania:
“Green Tilts”
Discussion by Kunal Sachdeva, Rice University

Sumudu Watugala, Indiana University:
Banking on Carbon: Corporate Lending and Cap-and-Trade Policy
Discussion by Sudheer Chava, Georgia Tech

Geert Rouwenhorst, Yale University:
“Commodities and ESG”
11 AM - 11:20 AM
Coffee Break
11:20 AM - 12:40 PM
Industry Panel on the Oil and Gas Industry
Greg Bean, University of Houston

Vicki Hollub
Occidental Petroleum

Helen Currie

Dan Pickering
Pickering Energy Partners

12:40 PM - 2:10 PM
2:10 PM - 4:10 PM
Academic Session 2
Session Chair: Praveen Kumar, University of Houston

Robert McDonald, Northwestern University:
“Environmental Activism, Endogenous Risk, and Stock Prices”
Discussion (online) by Luigi Zingales, University of Chicago

Viral Acharya, New York University:
“Transition Risk for Energy Prices”
Discussion by Chitru Fernando, University of Oklahoma

Adelina Barbalau, University of Alberta:
Reducing Carbon using Regulatory and Financial Market Tools
Discussion by Deeksha Gupta, Johns Hopkins University
4:10 PM - 4:30 PM
Coffee Break
4:30 PM - 5:30 PM
Keynote Speech
Bobby Tudor
Artemis Energy Partners
5:30 PM
6:30 PM
Conference Dinner

(By invitation)

Saturday, May 20
9:10 AM - 10:40 AM
Academic Session 3
Session Chair: Lutz Kilian, Federal Reserve Bank of Dallas

David Rapson, UC Davis and Federal Reserve Bank of Dallas:
The Electric Ceiling: Limits and Costs of Full Electrification

James Bushnell, UC Davis:
Will Electricity Markets Need Reform to Meet Energy Transition Goals?
Discussion by Steve Puller, Texas A&M University
10:40 AM - 11 AM
Coffee Break
11 AM - 12:20 PM
Industry Panel on the Energy Transition
David Rapson, UC Davis and Federal Reserve Bank of Dallas


Jim Gable

Joseph Powell
Energy Transition Institute, University of Houston

Burhan Koç
ENGIE North America

12:20 PM
Lunch and Conclusion of Conference