U.S. President-elect Trump delivers a speech during a meeting with House Republicans at the Hyatt Regency Hotel in Washington, DC, on November 13, 2024.
Alison Robert | AFP | Getty Images
President-elect Donald Trump Selected on Saturday free energy Chief Executive Officer Chris Wright will serve as the next U.S. Secretary of Energy.
Liberty Energy is an oilfield services company headquartered in Denver with a market capitalization of $2.7 billion. After Trump won the US presidential election, the company’s stock price rose nearly 9% on November 6, but has since fallen back.
Wright serve on the board of directors of OKIt is a nuclear power startup backed by OpenAI CEO Sam Altman and is developing microreactors.
The president-elect said Saturday that Wright will also serve on Trump’s National Energy Council. The commission will be led by North Dakota Gov. Doug Burgum, Trump’s pick for interior secretary.
Wright denies that climate change poses a global crisis that needs to be solved by abandoning fossil fuels.
“There is no climate crisis and we are not in the midst of an energy transition,” Wright said in a video posted on his website. LinkedIn page last year. “Without carbon dioxide, humans and all complex life on Earth would be impossible. Therefore, the term carbon pollution is outrageous.”
“There is no such thing as clean energy or dirty energy,” Wright said. “All energy sources have both positive and negative impacts on the world.”
Trump described Wright as “a leading technologist and entrepreneur in the energy field.”
“He has worked in nuclear energy, solar energy, geothermal energy, oil and gas,” the president-elect said in a statement on Saturday.
“Most importantly, Chris was one of the pioneers who helped launch the U.S. shale revolution, driving U.S. energy independence and transforming global energy markets and geopolitics,” Trump said.
Trump vowed to Increase fossil fuel production To lower energy costs, although analysts and some oil executives say The president has little influence About U.S. Oil and Gas Production
Since 2018, the United States has produced more crude oil than any other country in history, including Russia and Saudi Arabia, according to the U.S. Energy Information Administration.
