W|Carbon - Webber Research

W|Carbon Coverage

Carbon

W|Carbon research focuses on the emerging economics of environmental subsidies including LCFS Credits, RINs, and other credits and derivatives, by developing and maintaining the most recent data around new energy projects, providing the basis for future LCFS & RFS supply curves. We also analyze the energy and environmental impacts of fuels and energy systems, providing our clients the tools and insights they need to evaluate the economic levers needed to underwrite new projects, manage risk, and maintain an information edge within the constantly evolving alternative fuels market.

W|Carbon members have over 70-years of combined experience within alternative fuel production, delivery logistics, and certification, creating a unique perspective and deep pool of institutional knowledge that we leverage to create value for our clients. Our work includes a broad range of fuels and processes, extensive model development, and the evaluation of new fuel production technologies, energy balances, and economics.

Our Expertise

Trade & Fuel Subsidies

Ammonia

Biofuels

Ethanol

Hydrogen

Methanol

Renewable Natural Gas (RNG)

LCFS & Other Credits

W|Carbon Core Clients

Carbon & Commodity Traders

Energy Producers & Utilities

Alternative Fuel Project Developers

Asset Managers

Emissions Risk Management

W|Carbon Research Process

W|Carbon research focuses on the key economic levers associated with underwriting alternative fuel projects, managing and trading the credits, instruments, and other form of risk, while providing thoughtful analysis around the dynamics that shape those markets.

GHG Credits

Tracking and analyzing GHG credits across multiple feedstocks an markets. Process Optimization.

Data Edge

Developing and maintaining the most recent data around new energy projects, providing the basis for future LCFS & RFS supply curves.

LCFS & RFS

Developing a clear outlook for LCFS Credits, RINs, and other incentives and derivatives.

Co-Products Markets

Analyzing the outlook for co-product markets and byproducts.

Macro-Economic

Analyzing the environmental and economic impact of new technologies and fuels.

Our W|Carbon team

Michael Webber, CFA

Managing partner

Michael Webber, CFA
Managing Partner – Export Infrastructure

Mike co-founded Webber Research & Advisory in 2019, and has spent the past 13 years in equity research covering Export Infrastructure, Shipping, & Transportation at Wells Fargo & Deutsche Bank. Mike has been named to Institutional Investor’s (I.I.) All-America Research Team in each of the past 5 years, finishing as the #1 ranked Shipping & LNG analyst in 2019, 2018, 2017, 2016, & 2015, and part of the #1 ranked Natural Gas team in 2019. He was named the sector’s best stock picker by the FT 2013, #2 in 2012, named in Business Insiders: Rising Stars Of Equity Research Under 35 in 2017, and is a NAMEPA award winner for his work in ESG. Mike graduated from the University of Virginia in 2004.

Stefan Unnasch

Director | Carbon Research

Brian D. Healy

Director | Carbon Economics

Walter Lobo

Institutional Sales

Walter Lobo
Director of Institutional Sales

Walter Lobo joined Webber Research in September 2020 as Director of Institutional Sales. From 2007 to 2017 Mr. Lobo was a Director of Institutional Sales at Wells Fargo Securities. While at Wells Fargo he managed a diverse book of institutional clients in Europe, New York and the Midwest.

Prior to Wells Fargo, Mr. Lobo was a Director of Institutional Research Sales at A. G. Edwards from 1999 to 2007. From 2005 to 2007 Mr. Lobo ran the A.G. Edwards Sales Office in Geneva, Switzerland. Mr. Lobo earned a B.S. in Business Administration from Villanova University.

Greg Wasikowski, CFA

Associate Partner

Greg Wasikowski, CFA
Associate Partner & Co-Founder

Greg was a senior member of the #1 I.I. ranked Wells Fargo LNG, Shipping, & Equipment Leasing team from 2017-2019, prior to which he worked in Consulting for RSM US LLP. Greg attended Bucknell University where he majored in Accounting and Financial Management and was a member of the baseball team. Greg holds the CFA designation.

Alexander Bidwell

Associate Analyst

Qamer Iqbal
Carbon Capture Engineering

For the last 17 years, Qamer has focused his career in the Technology Development and Engineering sectors of the Energy Industry concentrating on large scale Refinery, Midstream and Petrochemical projects. Qamer has a leading expertise in Process Design & Technology, Project Management and for multiple global Engineering and Construction companies.

Qamer earned his Master’s degree in Engineering from Lamar University, Beaumont TX. He is a Certified Project Management Professional (PMP) and registered Professional Engineer (PE) in the state of Texas and Louisiana. Qamer has a diversified background in Engineering, Project Management, Process Design and Systems Design. Qamer is leading the Webber Research Carbon Capture Utilization and Storage (CCUS) efforts where he is also responsible for researching and designing CCUS technology and connecting new technology with industry users, technology partnerships and strategic opportunities.