Oil industry set to ink record number of renewable energy deals in 2019

first_imgOil industry set to ink record number of renewable energy deals in 2019 FacebookTwitterLinkedInEmailPrint分享OilPrice.com:The world’s biggest oil companies are on track to do a record number of deals to invest in alternative energy and green technologies this year, BloombergNEF said in a report on Wednesday. Seven months into 2019, Big Oil has already made nearly 70 deals involving renewables and biofuels, compared to 80 such agreements for the entire 2018, according to the report.European oil majors are much more active than U.S. supermajors on the clean energy investment front, having sealed seven times as many agreements as the U.S. firms, BloombergNEF said. The most active oil firm in clean energy investment is Shell, beating its French rival Total to the first place this year, according to BloombergNEF’s report.Big Oil has been facing increased investor pressure to start addressing climate change risks and set emission reduction targets if the world is ever to achieve the Paris Agreement targets.Earlier this year, BP’s shareholders voted in favor of a climate change shareholder resolution, pushing the UK oil and gas supermajor to set out a business strategy consistent with the climate goals of the Paris Agreement.Shell announced its first-ever short-term goals to cut the carbon footprint of its operations and product sales. In July, Shell’s chief executive Ben van Beurden said that the world reducing emissions to net zero “is the only way to go,” and called on businesses to work together to move faster in addressing climate change. The Anglo-Dutch major has pledged to invest US$2 billion annually in renewables and clean technologies.More: Big Oil to seal record number of green energy deals in 2019last_img read more

Tomka To Join Drake Athletics As Associate Athletics Director For Development

first_imgDES MOINES, Iowa – Drake University athletics has hired Des Moines native Patrick Tomka as associate athletics director for development, director of athletics Sandy Hatfield Clubb announced Friday, May 27.Tomka is set to join the Bulldogs following a nine-year tenure in the front office of the National Football League’s Washington Redskins with the last five years spent in executive roles. Most recently, he was the organization’s senior vice president of business operations and executive entertainment for one year. Prior to that he was a vice president for three years and a senior director for a season. He has also spent extensive time in higher education as an adjunct professor of sports management and marketing at Marymount University.”I would like to thank Sandy Hatfield Clubb for this exciting opportunity to be a part of Drake athletics and Drake University,” Tomka said. “I have a tremendous amount of respect for Sandy, the athletic program and University. It was apparent throughout this process that Drake places a very high priority on its student-athletes’ academic and athletic success and living the Bulldog Way. I look forward to working with the staff, coaches and friends of Drake University.”Tomka assumes his new role at Drake University on June 6.”I am thrilled to announce that Patrick Tomka has joined the Bulldog Family as our new associate athletics director for development,” Hatfield Clubb said. “In addition to serving as our lead fundraiser, Patrick will oversee the athletics business office and partner with me to advance all financial aspects of the department.”While in the Washington front office, Tomka was directly responsible for more than $24.5 million in new team business and managed the franchise’s business development, revenue retention, corporate partnership and VIP hospitality initiatives.Prior to his promotion an executive-level position, Tomka served more than three years as a senior account executive of premium seating for the organization. In that role, he was the team’s top sales executive all three years and generated more than $3.7 million in new revenue and executed multi-year leases on premium seats.Tomka received his bachelor’s degree in business administration with a double major in accounting and finance from the University of Iowa in 2006. He also received a master’s degree in sports studies for Iowa in 2008 and served as a graduate assistant in the Iowa athletic department and assisted the director of premium seating.Print Friendly Versionlast_img read more