COEFFICIENT Announces Strategic Partnership with Xpansiv to Transform Commodity Value in Global Markets through Digitization. The partnership joins Xpansiv’s deep domain expertise and diverse skillsets with COEFFICIENT’s energy and environmental industry expertise to create and support new architectures—policy, market, and regulatory—to align and secure opportunities related to sustainability and technological disruption.
COEFFICIENT’s Frank Fannon has been confirmed by the United States Senate as Assistant Secretary of State (Energy Resources).
Frank came to COEFFICIENT from BHP Billiton and used his extensive knowledge of energy policy and operations to help launch the firm’s corporate facing Environmental, Social and Governance consulting practice.
Managing Partner, Tom Lawler, said, “Frank is well suited for this role and we congratulate him on making it through the nomination process with unanimous support of the United States Senate. We wish him well as he returns to government service.”
COEFFICIENT raises the following top 5 trends in the energy, climate, and technology spaces to follow in 2018. We believe these are the issues that will drive market redesign, influence C-suite decisions, and redefine the energy policy landscape.
1. Climate Risk Disclosure Goes Mainstream
2. Global Climate Policy Marches on with (the) Americas Influence
3. Competing Themes of Energy Dominance and Trade Protectionism Clash
4. The Future of U.S. Electricity Markets Takes Center Stage and Clean Power Plan Exits Stage Right
5. Transportation Fuel Preferences Will Collide with National Efficiency Standards and Outdated Programs
BONUS: Energy Digitization Highlights the Promise of Blockchain
THE WHITE HOUSE
Office of the Press Secretary
FOR IMMEDIATE RELEASE
January 12, 2018
President Donald J. Trump Announces Intent to Nominate Personnel to Key Administration Posts
President Donald J. Trump today announced his intent to nominate the following individuals to key positions in his Administration:
Francis R. Fannon of Virginia, to be an Assistant Secretary of State (Energy Resources). Mr. Fannon has been a businessman in the global energy and resources industries, an attorney, and a senior staffer in the U.S. Senate. He became partner of the Coefficient Group in Washington, D.C. in 2017. Before that, Mr. Fannon was head of corporate affairs at BHP Billiton and senior director of Murphy Oil Corporation, both in Washington, D.C. A senior staffer in the U.S. Senate, he served as counsel to the Committee on Environment & Public Works (2003-2007), where he assisted in the drafting, negotiation, and ultimate passage of the seminal Energy Policy Act of 2005, senior legislative assistant in the Office of U.S. Senator Ben Nighthorse Campbell (2001-2003), and legislative assistant for U.S. Senator Pete V. Domenici (2000-2001). Prior to joining the Senate, he worked as an attorney in Washington D.C. Mr. Fannon earned a B.A. from Radford University, a M.A. from the Korbel School of International Studies, University of Denver, and a J.D. from Sturm College of Law, University of Denver.
Hannah Northey, E&E News reporter
Published: Wednesday, November 8, 2017
Former Hill staffers from both sides of the aisle joined energy veterans today to launch a consulting firm, the Coefficient Group.
The new venture in Washington will focus on the policies, regulations and finance of new technologies and practices in the energy and environmental sector.
Pulling in Hill experience is Tom Hassenboehler, a top energy-focused GOP aide on the House Energy and Commerce Committee who worked as chief counsel to the Subcommittee on Energy and Power for the past four years.
Before joining the panel, Hassenboehler worked as vice president of policy and legislative affairs for the industry group America's Natural Gas Alliance and had a prior stint as counsel for the Senate Environment and Public Works Committee (Greenwire, Dec. 22, 2016).
The firm's managing partner is Tom Lawler, who most recently ran an advocacy firm, Lawler Strategies. Before that, he managed the Senate Environment and Public Works Subcommittee on Clean Air and Nuclear Safety for ranking member Tom Carper (D-Del.), according to his online bio.
Lawler also served as deputy director of state and federal relations for former Republican Gov. Mitt Romney of Massachusetts.
Two additional partners at the firm include Cameron Prell, formerly an attorney at Crowell & Moring LLP and an expert on environmental law and business, and Frank Fannon, most recently a top executive in the Washington office of the mining and petroleum giant BHP Billiton.
Axios first reported the firm's launch.
Four Washington veterans are today launching a new energy and environmental consultancy, Axios has learned.
Why it matters: The firm, called COEFFICIENT Group, brings together a rare mix of expertise that cuts across fossil fuels, climate change and, yes, the political aisle too. The group's formation is hyper relevant with the energy and environmental worlds scrambling to respond to President Trump as he unwinds most of what his predecessor did in this area.
The people behind the firm:
- Tom Lawler, a former top adviser to Sen. Tom Carper (D., Del.)
- Cameron Prell, a lawyer whose expertise includes clean energy and climate issues
- Frank Fannon, most recently a top executive in the Washington office of BHP Billiton, one of the world's biggest mining and petroleum companies
- Tom Hassenboehler, former top Republican energy adviser for the House Energy and Commerce Committee
One level deeper: The firm isn't shying away from work that includes both traditional energy and climate change. It has big goals to address issues as wide ranging as climate finance to digitization of the energy industry. It will also do more traditional government relations work.
Innovative COEFFICIENT Group launches platform of services to maximize business and environmental outcomes.
November 7, 2017 4:45 PM ET
Washington, DC – Today, Tom Hassenboehler, Cameron Prell, Tom Lawler, and Frank Fannon launched the COEFFICIENT Group in response to the growing demand for businesses and nonprofits to manage their energy and sustainability practices in a dynamic policy and political climate. The Group's multi-disciplined, bipartisan team leverages experience in senior policy, legal, and corporate positions. COEFFICIENT designs innovative strategies to manage energy and environmental risk, monetize sustainability, and structure innovative transactions in emerging markets and technologies —all while helping clients anticipate policy, regulatory, and political impact.
“In today’s market, every energy transaction and investment are affected by government policies. To that end, COEFFICIENT was conceived to bring years of specialized policy, legal and finance experience together to effectuate policy solutions the markets need. This cross-functional expertise enables us to offer private, public and not-for-profit clients market-aligned advisory services unlike anyone else,” said Tom Lawler.
“Shareholders, institutional investors and governments are increasingly calling on corporations to integrate environment, sustainability, and corporate governance initiatives into their core business,” Frank Fannon noted. “The companies that are able to make these initiatives part of a true growth-centered corporate strategy will gain reputational benefit and competitive advantage.”
Cameron Prell added, “Most companies already understand the vast opportunities for investment and growth in data-driven energy and sustainable technologies. COEFFICIENT will help them structure innovative transactions and overcome the antiquated regulatory frameworks wholly unsuited for the needs of business in the 21st century. “
“More and more, technological innovation is blurring the lines between energy and environmental policy in Washington D.C. and around the world,” said Tom Hassenboehler. “At the same time, consumers’ expectations and the way businesses interact with all forms of energy is changing. With bottom-up, market based solutions, COEFFICIENT will multiply the impact of our clients on their regulatory, policy and political challenges.”