Trump picks fossil fuel proponent for Department of Energy head (2024)
| Environmental, social, and corporate governance |
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What’s the story?
President-elect Donald Trump (R) announced Nov. 16 that he picked Chris Wright—who has previously said fossil fuel production helps drive economic growth and alleviate poverty—to head the Department of Energy.
Why does it matter?
Wright is another Trump pick opposed to the Biden administration’s environmental policies. His support for fossil fuels could signal ESG opposition from the incoming administration. Vivek Ramaswamy and Elon Musk—Department of Government Efficiency (DOGE) co-chairs—are also outspoken ESG opponents.
What’s the background?
Click here to read more from this newsletter about how the Trump administration might approach ESG policies.
Read more
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President-elect Donald Trump's pick to lead the energy department believes fossil fuels are the key to ending world poverty which, he says, is a greater problem than climate change's 'distant' threat, according to a report he penned as CEO of oilfield services company Liberty Energy. … In a corporate report released in February called 'Bettering Human Lives,' Chris Wright said that the energy transition has not begun and that climate change, while a challenge, is not the greatest threat to humans. … Wright wrote, 'the wealthy world has gone beyond over-optimism surrounding the breadth and scalability of a narrow slice of alternative energy and, unfortunately, has rushed head-long into outright obstruction of hydrocarbon infrastructure and production.'[1] |
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See also
- Environmental, social, and corporate governance (ESG)
- Economy and Society: Ballotpedia's ESG newsletter
External links
Footnotes
- ↑ Note: This text is quoted verbatim from the original source. Any inconsistencies are attributable to the original source.
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