Dev Sanyal

Group Chief Executive Officer, VAROPreem, Varopreem Formerly Varo

Search every verified Dev Sanyal interview, podcast appearance, and on-the-record quote — each transcript cross-checked by AI and human review to confirm speaker identity. Dev Sanyal, CEO of VARO Energy Group, has outlined the company's "ONE VARO Transformation Strategy," which includes two "engines": one focused on conventional energies and another on sustainable energies. Sanyal stated that the company plans to invest two-thirds of its capital in the sustainable energy businesses over the next five years, with the goal of generating 50% of earnings from those businesses. He also said VARO is committed to achieving net zero in Scope 1, 2, and 3 emissions by 2040, and that the company aims to maintain a 15% return across its portfolio. In earlier interviews, Sanyal discussed energy transition topics. At the 2015 Energy Summit, he said that pricing carbon could create market mechanisms to reduce carbon content in industry, and that displacing coal with gas has a similar effect to a significant growth in renewables. In 2018, he noted that solar supply costs had fallen by 80% over five years, driven by technology and efficiency. In 2016, he described OPEC's strategy of not cutting production as "economically rational," arguing that low-cost producers should not be the ones to shutter output.