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Rice's new program helps managers navigate the complexities of energy transition

Photo courtesy of Rice University

As the planet's temperature continues to rise and extreme weather becomes the new norm, companies are under pressure to make the transition to renewable energy.

But where to start? Rice University's Jones Graduate School of Business is offering a new comprehensive program that delves into the multifaceted challenges posed by the shift toward sustainable energy.

"When it comes to the ever-evolving energy sector most people are paying attention to the tech, but businesses are faced with new organizational challenges," says Professor Yan Anthea Zhang, who will be leading the two-day program March 17-18, 2025. "Senior leaders and managers are constantly being presented with uncertainties about how to move their businesses forward, but if you wait too long, the opportunity disappears."

Energy Transition for Business Leaders participants will engage in interactive workshops, analyze case studies, and network with peers to enhance their understanding of necessary changes in organizational structure, processes, and culture. Key takeaways will include:

  • A comprehensive understanding of stakeholder demands and how to address them
  • Strategies for identifying and implementing necessary strategic changes for energy transition
  • Insights into managing organizational challenges, from resource allocation to cultural shifts
  • Tools for aligning employee incentives with the firm's strategic goals in energy transition

Wondering if you or your employees qualify? Here's who the program is designed for:

  • Senior executives and leaders involved in strategic planning and implementation
  • Sustainability officers seeking to align their organizations with future energy demands
  • HR professionals and talent managers looking to develop a workforce capable of navigating energy transition

Prof. Zhang has has explored these themes and ideas multiple times through the Jones School's MBA program, but not everyone has the time commitment for a two-year degree — or they already have one.

"Nobody has a crystal ball," says Prof. Zhang. "You need to understand your stakeholders' needs, examine your current resources and capabilities, and then make short and long-term plans to move in the direction that's best for your company. That's what participants will learn during this program."

Registration is now open for the spring dates. See more of the program's schedule and fill out an interest form on the program's website here.

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A View From HETI

ExxonMobil has gotten the green light for a major carbon capture project in the Beaumont-Port Arthur area. Photo via htxenergytransition.org

Spring-based ExxonMobil has won approval from the Texas Railroad Commission for a $5 billion carbon capture and storage project in East Texas.

Dominic Genetti, senior vice president of CCS at ExxonMobil, told The Financial Times, which broke the news, that the Railroad Commission’s action is a “major milestone” that lets the company keep expanding along the Gulf Coast. In a 2-1 vote, commissioners authorized a carbon sequestration permit for the project.

“The Railroad Commission clearly recognizes the important role carbon capture and storage can play in meeting growing global demand for lower-carbon products while supporting new jobs and economic growth,” Genetti said.

The U.S. Environmental Protection Agency (EPA) approved ExxonMobil’s Rose CCS project last year.

The project will enable the company to inject about 53 metric tons of industrial customers’ carbon emissions into three underground wells it drilled in the Beaumont-Port Arthur area. Over a 13-year period, ExxonMobil plans to inject about 4 million metric tons per year into the Fleming and Upper Frio rock formations, according to Carbon Herald.

ExxonMobil says it owns the world’s first and largest CCS system, comprising 1,300 miles of CO2 pipeline and secure storage sites. Seventy percent of the pipelines are along the Gulf Coast.

The company ramped up its CCS business in 2023 with the $4.9 billion purchase of Denbury, which owned about 1,000 miles of CO2 pipelines.

“Our expertise, combined with Denbury’s talent and CO2 pipeline network, expands our low-carbon leadership and best positions us to meet the decarbonization needs of industrial customers while also reducing emissions in our own operations,” ExxonMobil Chairman and CEO Darren Woods said when the deal closed.

In January, Genetti wrote in a post on ExxonMobil’s website that the company is committed to CCS “for the long haul.”

“CCS is not new technology, but it’s flown relatively under the radar compared with the attention that production of hydrocarbons commands,” he wrote. “Now, as the world becomes more aware of the need to reduce emissions, CCS finally has a brighter spotlight and a broader runway to scale up.”

The company also announced this week that it has begun CCS operations at a direct reduced iron facility in Convent, Louisiana. The project will capture, transport and store up to 800,000 metric tons of CO2 per year, according to the company.

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