Leading Oil & Gas Investment Firm Embraces Carbon Capture & Storage
New Approach Taps Significant Energy Experience, Unifies Clean, Firm Energy Thesis
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PALO ALTO, Calif., and CALGARY, AB, April 29, 2021 /PRNewswire/ JOG Capital, a private equity firm with a 14-year track record managing more than $1.3 billion in energy investments, today unveiled a corporate transition and rebranding to become Carbon Infrastructure Partners ( CIP ), defining a new focus and investment mandate going forward.
CIP is among the first investment firms focused on solving the dual challenge of how to meet global energy demand for 7.7 billion people while rapidly reducing carbon emissions. CIP believes the solutions to these challenges lie in understanding and investing in the entire carbon lifecycle; from hydrocarbon-based energy production through to carbon capture, utilization, and storage back into the subsurface.
Blackouts in Texas and California have revealed that power plants can be strained and knocked offline by the kind of extreme cold and hot weather that climate scientists have said will become more common as greenhouse gases build up in the atmosphere
Despite differing management approaches, power grids in Texas and California are both vulnerable to shutdowns bizjournals.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from bizjournals.com Daily Mail and Mail on Sunday newspapers.
Shultz earned his bachelor s degree from Princeton University in economics in 1942. After graduating, Shultz served in the Pacific theater as a member of the U.S. Marine Corps from 1942 to 1945, eventually becoming a captain. While stationed in Hawaii, Shultz met his first wife, Army nurse Helena O Bie O Brien, with whom he had five children. They were married for 49 years until her passing in 1995. He married Charlotte Mailliard, chief of protocol for the state of California, in 1997.
After his military service, Shultz continued his studies at the Massachusetts Institute of Technology, where he earned a doctorate in industrial economics in 1949. Shultz was an assistant and, later, associate professor of economics at MIT until 1957, when he was appointed professor of industrial relations at the University of Chicago Graduate School of Business. He served as the school s dean from 1962 to 1968, where he led efforts to establish the first scholarship for minority students at a major