US President-elect Donald Trump speaks throughout a gathering with Home Republicans on the Hyatt Regency lodge in Washington, DC on November 13, 2024.
Allison Robbert | AFP | Getty Photographs
President-elect Donald Trump on Saturday chosen Liberty Vitality CEO Chris Wright to function the following vitality secretary of america.
Liberty Vitality is an oilfield companies firm headquartered in Denver with a $2.7 billion market capitalization. The corporate’s inventory gained practically 9% on Nov. 6 after Trump received the U.S. presidential election, however its shares have since pulled again.
Wright serves on the board of Oklo, a nuclear energy startup backed by OpenAI CEO Sam Altman that’s growing micro reactors.
Wright will even serve on Trump’s Council of Nationwide Vitality, the president-elect stated Saturday. The council will probably be led by Trump’s choose for Inside Secretary, North Dakota Gov. Doug Burgum.
Wright has denied that local weather change presents a worldwide disaster that must be addressed by means of a transition away from fossil fuels.
“There isn’t a local weather disaster and we’re not within the midst of an vitality transition both,” Wright stated in a video posted on his LinkedIn web page final yr. “People and all advanced life on earth is just not possible with out carbon dioxide. Therefore the time period carbon air pollution is outrageous.”
“There isn’t a such factor as clear vitality or soiled vitality,” Wright stated. “All vitality sources have impacts on the world each constructive and destructive.”
Trump described Wright as a “main technologist and entrepreneur within the vitality sector.”
“He has labored in Nuclear, Photo voltaic, Geothermal, and Oil and Gasoline,” the president-elect stated in a press release Saturday.
“Most importantly, Chris was one of many pioneers who helped launch the American Shale Revolution that fueled American Vitality Independence, and remodeled the World Vitality Markets and Geopolitics,” Trump stated.
Trump has vowed to extend fossil gas manufacturing to scale back vitality prices, although analysts and a few oil executives have stated the president has little affect on oil and pure fuel output within the U.S.
The U.S. has produced extra crude oil than another nation in historical past, together with Russia and Saudi Arabia, since 2018, based on the Vitality Info Administration.
