Precourt holds bachelor's and master's degrees in petroleum engineering from Stanford and an MBA from Harvard University. He has spent his career in the energy industry, holding president and/or CEO positions at Hamilton Oil Co.; Tejas Gas Corporation, subsequently a Shell Oil Co. subsidiary; and ScissorTail Energy and Hermes Consolidated, gatherers, transporters and processors of natural gas, crude oil and refined products.
He is convinced that Stanford research can influence national energy policy for the better. "The wonderful resources that are available at Stanford, and the multidisciplinary approach they have to developing working solutions, are really attractive in terms of making things happen," he said.
On a personal level, Precourt said, "Stanford made a huge impact on my life, as I look back on it. It was a superb education and I made some wonderful friends that I've taken with me for my lifetime." Precourt donated $50 million to the energy institute that bears his name.
A $40 million gift from Steyer and Taylor will create a new research center as part of the institute, the TomKat Center for Sustainable Energy.
The global financial meltdown profoundly shaped Steyer's views on the need for sustainable energy, Taylor said. "He does not believe we will transform our economy and also address serious foreign policy and national security issues, as well as obvious environmental concerns, unless we address energy," she said. "We really need a new paradigm about energy." Part of that paradigm, she said, is finding a way to change energy policy while avoidi
|Contact: Dan Stober|