Crusoe Energy Systems Inc. has appointed Matthew DeNezza as the company’s CFO on Aug. 24.
DeNezza brings decades of financial and strategic leadership experience to the digital flare mitigation and distributed cloud computing company and will allow Crusoe to finance and build a new paradigm of ESG-forward energy and computing services for the oil and gas industry.
Prior to joining Crusoe, DeNezza served as the CFO of Meritage Midstream, a private equity-sponsored midstream firm operating in the Powder River Basin in Wyoming. Previous to his leadership role at Meritage, DeNezza was the CFO of Eclipse Resources, an early entrant into the Utica shale play. DeNezza joined Eclipse in 2013 where he and the senior management team rapidly grew the business, took the company public in 2014 and eventually merged the business to create Montage Resources Corp. in 2018.
DeNezza launched his finance career as an energy-focused investment banker, primarily at Deutsche Bank in New York City, where he worked from 2002 to 2013 serving both privately held and publicly traded upstream, midstream and downstream firms.
Prior to Deutsche Bank, DeNezza served his country in the U.S. Navy as a commissioned officer assigned to the USS Boise, a fast-attack nuclear submarine, from 1994 to 1998. He holds a bachelor’s of arts from Harvard University and a master’s of arts from NYU Stern School of Business and lives in Denver, Colorado with his wife and children.
“Matt brings a new level of experience and leadership to our fast-growing team and will help Crusoe access new funding streams and financing relationships. With Matt’s support and financing capabilities, we can scale Crusoe by orders of magnitude,” Chase Lochmiller, Crusoe’s CEO and co-founder, said.
Disclosing Trans Mountain’s insurers publicly may result in pressure that shrinks its pool of potential insurers and raises premiums for the oil pipeline and its shippers, the corporation says.
As secretary of the Department of Energy, Jennifer Granholm is likely to play a big role in Biden’s goal to put the country on a path of decarbonizing the economy by 2050.
Manchin’s “yes” vote is seen as crucial to Haaland's confirmation as Interior Secretary because he is a supporter of fossil fuel development who wields significant power in a U.S. Congress split 50-50 among Democrats and Republicans.