Moniz, McLarty team up to ad­vise

Clin­ton, Obama vets’ fo­cus en­ergy

Northwest Arkansas Democrat-Gazette - - BUSINESS & FARM -

FRANK E. LOCK­WOOD

WASHINGTON — For­mer White House Chief of Staff Mack McLarty and for­mer En­ergy Sec­re­tary Ernest J. Moniz have an­nounced the cre­ation of a con­sult­ing part­ner­ship that will fo­cus on en­ergy mat­ters.

McLarty, a Hope, Ark., na­tive, served as the chair­man and chief ex­ec­u­tive of­fi­cer of a For­tune 500 nat­u­ral gas com­pany be­fore go­ing to Washington.

Moniz, a nu­clear physi­cist, is a pro­fes­sor emer­i­tus at Mas­sachusetts In­sti­tute of Tech­nol­ogy and was the found­ing di­rec­tor of the MIT En­ergy Ini­tia­tive. He was sec­re­tary of en­ergy in the ad­min­is­tra­tion of Pres­i­dent Barack Obama.

EJM As­so­ciates, an en­ergy ad­vi­sory firm founded by Moniz, will part­ner with

M cLar ty As­so­ciates, of­fer­ing ad­vice on en­ergy pol­icy, tech­nol­ogy, in­no­va­tion and risk as­sess­ment.

McLarty As­so­ciates is “kind of like a pri­vate-sec­tor State Depart­ment,” McLarty, who served in the ad-

● min­is­tra­tion of Pres­i­dent Bill Clin­ton, said in an in­ter­view. “We help com­pa­nies open mar­kets and solve prob­lems around the word.”

Now clients will be able to tap Moniz’s ex­per­tise and his un­der­stand­ing of en­ergy mar­kets and pol­icy, McLarty said.

“I think most peo­ple would de­scribe Ernie, pretty clearly,

as whip-smart. Bril­liant,” McLarty said. “He’s got an en­gag­ing per­son­al­ity, a great spirit, and … he does know how to bring peo­ple to­gether.”

Moniz is widely re­spected, ac­cord­ing to Co­lette Hon­or­able, who served on the Fed­eral En­ergy Reg­u­la­tory Com­mis­sion and is a for­mer Arkansas Pub­lic Ser­vice Com­mis­sion chair­man.

“His skills [ are] for­mi­da­ble with re­gard to en­ergy and physics and sci­ence. He

is equally savvy with re­gard to the devel­op­ment and ex­e­cu­tion of en­ergy pol­icy,” she said.

The for­mer Cab­i­net mem­ber also has a proven abil­ity “to nav­i­gate the choppy wa­ters on the Hill be­fore Congress,” she said. “His lead­er­ship is vast and he’s a very well re­spected and ad­mired man.”

Moniz and McLarty have known each other for sev­eral years and worked to­gether

on an MIT in­ter­dis­ci­pli­nary study that fo­cused on nat­u­ral gas.

The for­mer Cab­i­net mem­ber said he looks for­ward to work­ing with McLarty, call­ing him “a smart guy, a strate­gic guy, a gen­tle­man, a high val­ues guy and a fun guy.”

The part­ner­ship is a good fit, he said.

“What we see is a real op­por­tu­nity for syn­ergy be­cause we re­ally have com­pli­men­tary skill sets,” Moniz added.

Newspapers in English

Newspapers from USA

© PressReader. All rights reserved.