New York, NY: June 19, 2001 – Natsource® LLC announced today that it has hired Kathleen A. McGinty, Vice President, Natsource, Asset Management. This is a new division established by Natsource to add value for clients by creating environmentally related financial products. The financial products will be aimed at capitalizing on new investment opportunities driven by the need for reliable, clean sources of energy providing air quality and greenhouse gas benefits.
Ms. McGinty, former Chair of the White House Council on Environmental Quality, (CEQ) served as President Clinton’s and Vice President Gore’s principal advisor on domestic and international climate change and sustainable development issues. She will lead the Natsource Asset Management group and assume the title of Vice President, Asset Management.
“The need for reliable power and clean technologies creating environmental value is growing,” said Jack Cogen, President of Natsource. “Katie’s experience in the domestic and international environmental and energy arenas makes her the perfect candidate to establish this business line for Natsource and create new investment opportunities for our customers.”
First among the financial products to be developed under Ms. McGinty’s leadership at Natsource is an investment fund targeting companies and technologies that promise robust returns and that generate valuable greenhouse gas reductions. The trading of such reductions has the potential to address the threat of global climate change in a cost-effective fashion.
In addition, the trading of greenhouse gas reductions has the potential to create further revenue streams. These revenues could be invested in technologies and practices capable of achieving greater emissions reductions. Natsource is a global leader in greenhouse gas emissions markets. Natsource has developed the largest emissions operation in the world with offices in Europe, Asia and the US. In 2000, Natsource brokered first-of-their-kind transatlantic and transpacific greenhouse gas transactions and the largest transatlantic transaction.
Ms. McGinty brings over a decade of experience in the legislative and executive branches of Government. In 1995, Ms. McGinty was appointed by President Clinton as Chair of the White House Council on Environmental Quality. In this capacity, she served as President Clinton’s senior advisor on environment, energy, and natural resources issues.
Prior to heading up the CEQ, Ms. McGinty served as Director of the White House Office on Environmental Policy from 1993 to 1995. Before her service in the Clinton Administration, she served as then-Senator Al Gore’s senior Legislative Assistant for Energy and Environmental Policy.
Most recently, Ms. McGinty served as Counselor to former Vice President Gore, and as a consultant to energy and manufacturing firms. Prior to this, she was Senior Policy Advisor to the law firm of Troutman Sanders, LLP, where she counseled clients on energy and environmental issues.
Ms. McGinty has a BS in Chemistry from St. Joseph’s college and law degree from Columbia University.
The Natsource Asset Management group joins the firm’s Strategic Services division as complimentary value-added service to the core energy and environmental brokerage business. The Strategic Services group was formed in March 2000.
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Natsource® LLC is a leading broker of energy related products and participates in the power, natural gas, coal, weather hedging and emission permit markets. Headquartered in New York, Natsource’s client base includes over 600 global companies who are leaders in the utility, coal, oil and natural gas markets, as well as the investment and commercial banking communities. With its joint venture partner, Tullett & Tokyo Liberty Plc, Natsource has global reach in all of the world’s major financial centers.
