J.M. Bernhard Jr., chairman, president and chief executive officer of The Shaw Group Inc. (NYSE:SHAW), delivered the keynote address at the Oct. 4, 2011, Rice University Global Engineering & Construction Forum in Houston, Texas.
Mr. Bernhard's keynote offered insights on some of the critical issues impacting the future of the global engineering and construction industry, focusing primarily on the increasing demand for energy on a global spectrum and the need for a thorough energy policy for the United States to help provide clean, reliable energy solutions.
"As leaders of companies with a global reach, it is critical for us to join together and work to successfully rise to the challenge of the world's growing energy demand. Not just for us, but for our future generations. I believe that it is our moral obligation to our children to have clean, safe and sustainable energy production and to have as clean water and as pure air as our grandparents left to us," said Mr. Bernhard.
The Rice Global Engineering & Construction Forum focuses on the discussion and study of problems and opportunities facing the contracting side of the engineering and construction industry.
A full transcript of Mr. Bernhard's speech is available on Shaw's website at www.shawgrp.com.
The Shaw Group Inc. (NYSE:SHAW) is a leading global provider of engineering, construction, technology, fabrication, remediation and support services for clients in the energy, chemicals, environmental, infrastructure and emergency response industries. A Fortune 500 company with fiscal year 2010 annual revenues of $7 billion, Shaw has approximately 27,000 employees around the world and is a power sector industry leader according to Engineering News-Record's list of Top 500 Design Firms. For more information, please visit Shaw's website at www.shawgrp.com.
This press release contains forward-looking statements and information about our current and future prospects and our operations and financial results, which are based on currently available information. The forward looking statements include assumptions about our operations, such as cost controls and market conditions, that may not be realized. Actual future results and financial performance could vary significantly from those anticipated in such statements. We undertake no obligation to update or revise any forward-looking statements, whether as a result of new information, the occurrence of certain events or otherwise.
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Contacts:
The Shaw Group Inc.
Gentry Brann, 225-987-7372
gentry.brann@shawgrp.com