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Home Business & Finance Economic Policies

Breaking News Live: Trump names fossil fuel executive Chris Wright as energy secretary – The Economic Times

November 17, 2024
in Economic Policies
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Breaking News Live: Trump names fossil fuel executive Chris Wright as energy secretary - The Economic Times
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Wright has won support from influential conservatives, including oil and gas tycoon Harold Hamm. Hamm, executive chairman of Oklahoma-based Continental Resources, a major shale oil company, is a longtime Trump supporter and adviser who played a key role on energy issues in Trump’s first term.

Hamm helped organise an event at Trump’s Mar-a-Lago resort in April where Trump reportedly asked industry leaders and lobbyists to donate USD 1 billion to Trump’s campaign, with the expectation that Trump would curtail environmental regulations if re-elected.

Wright has been one of the industry’s loudest voices against efforts to fight climate change and could give fossil fuels a boost, including quick action to end a year-long pause on natural gas export approvals by the Biden administration.

Wright has criticised what he calls a “top-down” approach to climate by liberal and left-wing groups and said the climate movement around the world is “collapsing under its own weight”.

Tags: Breaking News Live: Trump names fossil fuel executive Chris Wright as energy secretary - The Economic Times
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