• BUSINESS
    • FINANCE
    • LEGAL
    • RETAIL & CONSUMER
    • AUTOS & TRANSPORTATION
    • HEALTHCARE & PHARMACEUTICALS
    • MEDIA & TELECOM
    • AEROSPACE AND DEFENSE
    • ENERGY
  • MARKETS
    • EUROPEAN MARKETS
    • ASIAN MARKETS
    • U.S. MARKETS
    • COMMODITIES
    • EMERGING MARKETS
    • DEALS
    • RATES & BONDS
  • WORLD
    • UNITED STATES
    • EUROPE
    • UNITED KINGDOM
    • ASIA PACIFIC
    • MIDDLE EAST
    • AFRICA
    • CHINA
    • INDIA
    • JAPAN
    • AMERICAS
    • FRANCE
    • GERMANY
  • POLITICS
    • GOVERNMENT
    • UNITED STATES
    • US SUPREME COURT
  • TECH
    • ARTIFICIAL INTELLIGENCE
    • CYBERSECURITY
    • SPACE
    • DISRUPTED
  • COMMENTARY
  • BREAKINGVIEWS
    • BREAKINGVIEWS PREDICTIONS
  • MONEY
    • WEALTH
    • FUNDS
    • ETFS
  • LIFE
    • LIFESTYLE
    • SPORTS
    • SCIENCE
  • SECTORS
    • ENERGY
    • HEALTHCARE
    • MEDIA & TELECOM
    • SUSTAINABILITY
    • ENVIRONMENT
    • RETAIL & CONSUMER
    • AUTOS & TRANSPORTATION
    • AEROSPACE AND DEFENSE
FinanceTime
  • August 19th, 2026

FinanceTimeFinancetime

  • BUSINESS
    • FINANCE
    • LEGAL
    • RETAIL & CONSUMER
    • AUTOS & TRANSPORTATION
    • HEALTHCARE & PHARMACEUTICALS
    • MEDIA & TELECOM
    • AEROSPACE AND DEFENSE
    • ENERGY
  • MARKETS
    • EUROPEAN MARKETS
    • ASIAN MARKETS
    • U.S. MARKETS
    • COMMODITIES
    • EMERGING MARKETS
    • DEALS
    • RATES & BONDS
  • WORLD
    • UNITED STATES
    • EUROPE
    • UNITED KINGDOM
    • ASIA PACIFIC
    • MIDDLE EAST
    • AFRICA
    • CHINA
    • INDIA
    • JAPAN
    • AMERICAS
    • FRANCE
    • GERMANY
  • POLITICS
    • GOVERNMENT
    • UNITED STATES
    • US SUPREME COURT
  • TECH
    • ARTIFICIAL INTELLIGENCE
    • CYBERSECURITY
    • SPACE
    • DISRUPTED
  • COMMENTARY
  • BREAKINGVIEWS
    • BREAKINGVIEWS PREDICTIONS
  • MONEY
    • WEALTH
    • FUNDS
    • ETFS
  • LIFE
    • LIFESTYLE
    • SPORTS
    • SCIENCE
  • SECTORS
    • ENERGY
    • HEALTHCARE
    • MEDIA & TELECOM
    • SUSTAINABILITY
    • ENVIRONMENT
    • RETAIL & CONSUMER
    • AUTOS & TRANSPORTATION
    • AEROSPACE AND DEFENSE
Liberty Oilfield Services Inc. CEO Chris Wright rings a ceremonial bell to celebrate the company's IPO on the floor of the New York Stock Exchange shortly after the opening bell in New York, U.S., January 12, 2018.  Lucas Jackson
Liberty Oilfield Services Inc. CEO Chris Wright rings a ceremonial bell to celebrate the company's IPO on the floor of the New York Stock Exchange shortly after the opening bell in New York, U.S., January 12, 2018. Lucas Jackson
Home
Business
Energy

Trump's energy department pick to call for more LNG and nuclear power

January 15th, 2025 | 11:07 AM BUSINESS Energy 3

Facebook Twitter Google+ LinkedIn Pinterest

Worth reading...

LG Energy, once fixed on EV batteries, jumps to Plan B
Turkey is ready to search for oil and gas in Syria, Turkish minister says
Moscow's fuel stations limit sales amid shortages
Oil exports from Russia's western ports drop 15% below plan, traders say
By Timothy Gardner

Chris Wright, President-elect Donald Trump's pick to head the U.S. Energy Department, will tell U.S. senators in his confirmation hearing on Wednesday his first priority is expanding domestic energy production including liquefied natural gas and nuclear power.

Wright, 59, believes fossil fuels are the key to ending world poverty, which is a greater problem than climate change's "distant" threat, according to a report he wrote as CEO of oilfield services company Liberty Energy (LBRT.N).

Wright supports some fossil fuel alternatives, such as small nuclear power reactors, which are not yet commercially available, and geothermal power. But he has criticized solar and wind power as insufficient.

"Previous administrations have viewed energy as a liability instead of the immense national asset that it is," Wright will tell the Senate energy committee, according to prepared remarks reviewed by Reuters.

"To compete globally, we must expand energy production, including commercial nuclear and liquefied natural gas, and cut the cost of energy."

U.S. exports of liquefied natural gas, a super-chilled exportable form of natural gas, hit a record in 2023 thanks to the shale boom. The U.S. now produces more oil and gas than any other country ever has.

Wright, is expected to win a majority in the 100-member Senate, now controlled by Republicans, and will step down from Liberty once confirmed. Wright would replace Jennifer Granholm, who urged caution on the issuance of new permits to export LNG, saying unfettered exports will boost emissions of gases blamed for climate change and risk raising fuel prices for manufacturers and home owners.

The top Democrat on the committee, Senator Martin Heinrich, from fossil fuel-producing New Mexico, said after meeting Wright last week the two agreed that the Energy Department "must help speed the expansion of interregional transmission infrastructure to meet our nation’s skyrocketing demand for clean power."

Heinrich said he told Wright his concerns about the Trump team's plan to "claw back programs in order to undo our progress in building a cleaner, healthier and more affordable energy future, and the many jobs that go with it."

Wright is expected to work on a new energy council with Doug Burgum, Trump's nominee for interior secretary.

Wright will also say that the U.S. must remove barriers to progress on energy. Trump, a Republican who takes office on Jan. 20, may declare a national energy emergency, allowing him to fast-track permits for new power infrastructure and other energy projects.

The move would fit into Trump's agenda to expand energy output as U.S. power demand begins to surge for the first time in decades and to reverse President Joe Biden's pause on approvals of LNG exports.

Biden passed a signature climate change law with billions of dollars to support alternative energy projects. But Congress has failed so far to pass a permitting bill for the transmission infrastructure needed to move huge amounts of power from high-tech projects like renewables and planned new nuclear reactors.

  • Topic
  • USA
  • TRUMP/ENERGY (PIX)
Facebook Twitter Google+ LinkedIn Pinterest
Previous article LG Energy, once fixed on EV batteries, jumps to Plan B

Related Posts

Energy
August 19th, 2026

LG Energy, once fixed on EV batteries, jumps to Plan B

Energy
August 19th, 2026

Turkey is ready to search for oil and gas in Syria, Turkish minister say...

Energy
August 19th, 2026

Moscow's fuel stations limit sales amid shortages

Energy
August 19th, 2026

Oil exports from Russia's western ports drop 15% below plan, traders say

Energy
August 19th, 2026

US, Indian fuel exporters profiting from supply uncertainty during wars

Energy
August 19th, 2026

Britain's energy price cap to hit three-year high in October, Cornwall I...

The Wire
Aug 19th 1 h ago
Sports

Swiss rider Poncini dies in Manx GP qualifying

Aug 19th 1 h ago
Business

Amazon plans drone delivery expansion to about 500 US local...

Aug 19th 1 h ago
Business

US CFTC seeks comment on compute derivatives as AI demand g...

Aug 19th 1 h ago
Technology

Payments firm Stripe to buy AI developer platform OpenRoute...

Aug 19th 1 h ago
Government

ABC says intimidation by Trump's FCC forced programming cha...

TRENDING ON FINANCETIME
Aug 19th, 2026 Middle East

Mossad director, Syria foreign minister discussed Turkish military deployments before strikes, sources say

Aug 19th, 2026 Middle East

Israeli airstrike kills nine Palestinians at Gaza police station, medics say

Aug 19th, 2026 China

South Korean container ship will test Arctic route to Europe amid Western concern

Aug 19th, 2026 Energy

LG Energy, once fixed on EV batteries, jumps to Plan B

Aug 19th, 2026 Litigation

Indian regulator inspects Pernod plant, collects whisky samples in wider industry probe

Markets-Sectors
ENERGY -0.01%

  • BUSINESS
  • MARKETS
  • WORLD
  • POLITICS
  • TECH
  • COMMENTARY
  • BREAKINGVIEWS
  • MONEY
  • LIFE
  • SECTORS
  • Back to top
FinanceTime
FinanceTime

World Business & Financial News, Breaking US & International News

Additional Services
  • Privacy-Policy
  • Terms and Conditions
© Financetime.org 2026. All rights reserved. Hosted by LeadsDeposit.com
Produced by C-iT