<html><body style="word-wrap: break-word; -webkit-nbsp-mode: space; -webkit-line-break: after-white-space; "><h2>Facing the Harsh Realities</h2><div><i><b>Shaping the Energy Mix of the Future, Starting Today</b></i></div><div><br></div><div><b>Tony Hayward</b></div><div><b>CEO, BP plc.</b></div><div><b><br></b></div><div><b>Thursday, October 29th</b></div><div><b><br></b></div><div><b>Lecture at 4:15 PM</b></div><div><i><br></i></div><div><b>Room 10-250</b></div><div>77 Massachusetts Ave</div><div>Massachusetts Institute of Technology</div><div><b><br></b></div><div><i>Reception follows in the Pappalardo Room (4-304)</i></div><h2><font class="Apple-style-span" size="3"><span class="Apple-style-span" style="font-size: 12px;">Abstract</span></font></h2><p><font class="Apple-style-span" size="3"><span class="Apple-style-span" style="font-size: 12px;">In the 20th century, low cost, abundantly
available energy enabled global prosperity and development. Now, at the
beginning of the 21st century – as living standards rise and urban
populations expand – satisfying ever-growing demand in a sustainable
way has become the world’s biggest challenge.</span></font></p><p><font class="Apple-style-span" size="3"><span class="Apple-style-span" style="font-size: 12px;">We need
a more diverse energy mix which enables energy security and helps
address the issue of climate change. Alternative energy sources have an
important role to play, but the long investment lead times in the
energy business mean they will take decades to be deployed at scale. We
have to face the fact that fossil fuels will continue to supply the
overwhelming bulk of our energy needs for decades to come.</span></font></p><p><font class="Apple-style-span" size="3"><span class="Apple-style-span" style="font-size: 12px;">Tony
Hayward will address the tough policy and investment choices involved
in navigating towards a lower-carbon world. How will the energy mix
evolve in transportation and power generation? What technologies are
available? And what actions do governments need to take to create the
right framework for a sustainable future? Hayward will seek to
stimulate an informed policy debate in an area where half- truths and
misinformation too often hold the field.</span></font></p><p><b><font class="Apple-style-span" size="3"><span class="Apple-style-span" style="font-size: 12px;">About the Speaker</span></font></b></p><p><p><font class="Apple-style-span" size="3"><span class="Apple-style-span" style="font-size: 12px;">Tony Hayward joined BP, one of the world’s largest oil and gas
companies, in 1982 as a rig geologist. Following a series of technical
and commercial roles in Europe, Asia and South America, he held roles
as Director of BP Exploration and Group Treasurer before being
appointed CEO of Exploration & Production. Tony joined the main
board of BP in 2003 and was appointed Group Chief Executive in May 2007.</span></font></p><p><font class="Apple-style-span" size="3"><span class="Apple-style-span" style="font-size: 12px;">He
is also a member of the MIT Energy Advisory Board, the Business Council
of Britain, Chair of GLOBE CEO Forum for Climate Change and a Trustee
of the Emirates Foundation.</span></font></p></p></body></html>