CERAWeek: Breaking the fall

The logo for this year’s conference is a group of skydivers forming a circle as they fall through wisps of white clouds. The joining of hands during a freefall is clearly a symbol for the theme this year of “Risk and a Rebuilding of Confidence.”
During a morning panel on the challenges the power business faces getting financing for new projects Standard & Poor’s director Peter Rigby was asked about what he was most hopeful for in 2009.
“I’m just hoping the parachutes open,” Rigby said, gesturing to the photo on a screen behind him.
“We discussed that maybe one of them should have had their parachute beginning to open,” said CERA managing director Jed Bailey.
“Or maybe at least tangled and flapping in the wind,” joked Morgan Stanley’s Jeffrey Holzschuh.

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