2022 (Fourth) University of Oklahoma Energy and Climate Finance Research Conference --Program and Registration Information

Conference dates

22 Apr 2022 - 23 Apr 2022


Norman, Oklahoma


The University of Oklahoma’s Price College of Business and Center for Financial Studies are pleased to announce the 2022 University of Oklahoma Energy and Climate Finance Research Conference, to be held on the OU campus in Norman, Oklahoma on April 22-23, 2022 (Friday and Saturday). The conference is co-sponsored by the Review of Financial Studies. All academic sessions will take place in the Kerr Auditorium of the University of Oklahoma’s Sam Noble Oklahoma Museum of Natural History (SNM). This Conference will convene scholars from around the world to present and discuss cutting edge research in Energy, Climate, and Environmental Finance. All interested participants are welcome to attend.

The conference Program is detailed below. Additional conference information, including a registration link, can be found at: http://www.ou.edu/content/price/finance/energyfinanceconf.html. The registration deadline is April 14, 2022 but early registration is advised due to limited seating.

Blocks of rooms have been reserved for conference participants at three local hotels: Embassy Suites Norman, the Hampton Inn and Suites Norman. Additional accommodations may be available at the Holiday Inn Express & Suites Norman. A shuttle bus will transport guests from the Embassy Suites Norman to the conference venue and back. Conference attendees may arrange their hotel booking using:

Thursday, April 21, 2022

Pre-conference Reception (6:00-8:00 pm) Embassy Suites Norman

Friday April 22, 2022

Conference Registration and Continental Breakfast (8:00-8:25am): Lobby of Sam Noble Museum

Welcome and Conference Opening (8:25-8:50am), Kerr Auditorium

Session 1 (8:50-10:50am): Real Consequences of ESG (1), Kerr Auditorium

“The Real Effects of Environmental Activist Investing,” Lakshmi Naaraayanan (London Business School), Kunal Sachdeva (Rice University), Varun Sharma (London Business School).
Discussant: Jawad Addoum (Cornell University)

“Welfare Consequences of Sustainable Finance,”
Harrison Hong (Columbia University), Neng Wang (Columbia University),
Jinqiang Yang (Shanghai University of Finance and Economics).
Discussant: Chester Spatt (Carnegie Mellon University)

“Firm Commitments,” Patrick Bolton (Columbia University and Imperial College),
Marcin Kacperczyk (Imperial College).
Discussant: Asaf Bernstein (University of Colorado Boulder)

Coffee Break (10:50-11:10am): Lobby of Kerr Auditorium

Session 2 (11:10am-12:30pm): Environmental and Climate Risk

“Climate Stress Testing,” Hyeyoon Jung (Federal Reserve Bank of New York), Robert Engle (New York University), Richard Berner (New York University).
Discussant: Kris Jacobs (University of Houston)

“Does Private Equity Ownership Make Firms Cleaner? The Role of Environmental Liability Risks,”
Aymeric Bellon (University of Pennsylvania).
Discussant: Matt Gustafson (Pennsylvania State University)

Lunch (12:30pm-1:45pm): Howell Pleistocene Plaza

Session 3 (1:45pm-3:45pm): Real Consequences of ESG (2)

“On ESG Investing: Heterogeneous Preferences, Information, and Asset Prices,”
Itay Goldstein (University of Pennsylvania), Alexandr Kopytov (University of Hong Kong),
Lin Shen (INSEAD), Haotian Xiang (Peking University).
Discussant: Patrick Bolton (Columbia University and Imperial College)

“Cost of ESG Investing,” Laura Lindsey (Arizona State University), Seth Pruitt (Arizona State University), Christoph Shiller (Arizona State University).
Discussant: Jeff Wurgler (New York University)

“Skills and Sentiment in Sustainable Investing,” Andreas Brogger (Copenhagen Business School), Alexander Kronies (Copenhagen Business School)
Discussant: Harrison Hong (Columbia University)

Coffee Break (3:45-4:05pm): Lobby of SNM Kerr Auditorium

Keynote Speech (4:05-5:15pm): Lars Peter Hansen, 2013 Nobel Laureate in Economics (University of Chicago)

Optional Museum Tour (5:15-6:15pm): Sam Noble Museum of Natural History

Reception (6:00-6:30pm): SNM Howell Plaza

Gala Dinner (6:30-9:00pm): SNM Samedan Oil Great Hall

Saturday, April 23, 2022

Continental Breakfast (8:00-8:30am) SNM Lobby

Session 4 (8:30-10:30am): Real Consequences of Oil Prices

“Heterogeneous Oil Supply Elasticities: Indebtedness and Production Responses to the COVID-19 Shock,” Sergei Seleznew (INECO Capital Ltd.), Veronika Selezneva (CERGE-EI)
Discussant: Michel Robe (University of Illinois Urbana-Champaign)

“Strategic Learning and Corporate Investment,” Paul H. Decaire (Arizona State University), Michael D. Wittry (Ohio State University)
Discussant: Praveen Kumar (University of Houston)

“When Benchmarks Fail: The Day that WTI Died,” Erik Gilje (University of Pennsylvania), Robert Ready (University of Oregon), Nick Roussanov (University of Pennsylvania), Jerome Taillard (Babson College)
Discussant: James Weston (Rice University)

Coffee Break (10:30-10:45am): Lobby of SNM Kerr Auditorium

Session 5 (10:45-12:45pm): Climate Policy Risk

“Carbon Emissions and the Bank-Lending Channel
Marcin Kacperczyk (Imperial College), Jose Luis Peydro (Imperial College)
Discussant: Philip Strahan (Boston College)

“Banking on Carbon: Corporate Lending and Cap-and-Trade Policy,” Ivan T. Ivanov (United States Federal Reserve Board of Governors), Mathias S. Kruttli (United States Federal Reserve Board of Governors), Sumudu W. Watugala (Cornell University).
Discussant: Ryan Lewis (University of Colorado, Boulder)

“Natural Disasters and Municipal Bonds,” Jun Kyung Auh (Yonsei University), Jaewon Choi (University of Illinois Urbana-Champaign), Tatyana Deryugina (University of Illinois Urbana-Champaign), Tim Park (University of Texas Austin).
Discussant: Sudheer Chava (Georgia Institute of Technology)

Lunch and Conference Close (12:45-1:45pm) SNM Howell Plaza