US President-elect Donald Trump speaks throughout a gathering with Home Republicans on the Hyatt Regency Resort in Washington, DC on November 13, 2024.
Alison Robert | AFP | Getty Pictures
President-elect Donald Trump on Saturday elected Energy of freedom CEO Chris Wright would be the subsequent United States Secretary of Power.
Liberty Power is a Denver-based oil companies firm with a market capitalization of $2.7 billion. The corporate’s shares rose practically 9% on Nov. 6 after Trump received the U.S. presidential election, however its shares have since fallen.
Wright serve on the board on gooda nuclear power startup backed by OpenAI CEO Sam Altman that develops microreactors.
Wright can even serve on Trump’s Nationwide Power Council, the president-elect stated Saturday. The council shall be chaired by Trump’s decide for inside secretary, North Dakota Gov. Doug Burgum.
Wright has denied that local weather change is a world disaster that should be solved by transitioning away from fossil fuels.
“There is no such thing as a local weather disaster and we’re not within the midst of an power transition both,” Wright stated in a video posted on his LinkedIn page final yr. “Folks and all of the complicated life on earth is solely inconceivable with out carbon dioxide. Due to this fact, the time period carbon air pollution is scandalous.”
“There is no such thing as a such factor as clear power or soiled power,” Wright stated. “All power sources impression the world each positively and negatively.”
Trump described Wright as “a number one technologist and entrepreneur within the power sector.”
“He has labored in nuclear, photo voltaic, geothermal and oil and gasoline,” the president-elect stated in an announcement Saturday.
“Most significantly, Chris was one of many pioneers who helped launch the American shale revolution that fueled American power independence and reworked international power markets and geopolitics.” Trump said.
Trump vowed increasing fossil fuel production to decrease power prices, though analysts and a few oil executives stated that the president has little influence on oil and pure gasoline manufacturing in america
The US has produced extra crude oil than every other nation in historical past, together with Russia and Saudi Arabia, as of 2018. up to now, based on the Power Data Administration.
