Chris Wright (energy executive) explained

Office:United States Secretary of Energy
Presumptive nominee
President:Donald Trump
Term Start:TBD
Succeeding:Jennifer Granholm
Birth Date:June 25, 1965 (age 59)
Party:Republican
Spouse:Liz Wright

Christopher Allen Wright[1] (born June 25, 1965) is an American engineer and businessman who is the CEO of Liberty Energy, North America's second largest hydraulic fracturing company. He is the presumptive nominee for United States Secretary of Energy under Donald Trump's second presidency. He is a board member of Oklo Inc., a nuclear technology company, and EMX Royalty, a royalty payment company for mineral rights and mining rights.[2]

Early life and education

Wright was born in 1965 and grew up in Colorado. He earned a bachelor's degree in mechanical engineering and a master's degree in electrical engineering at the Massachusetts Institute of Technology (MIT).[3] He was a graduate student in electrical engineering at the University of California, Berkeley, and MIT.

Career

In 1992, Wright founded Pinnacle Technologies, a company involved in commercial shale gas production through fracking and served as its CEO until 2006. He was also chairman of Stroud Energy (current Stroud Exploration Company),[4] another company involved in the production of shale gas, before he sold the company in 2006.[5]

In 2011, he founded Liberty Energy.[6] As of February 2023, the company was valued at billion, according to The Wall Street Journal.[7]

In 2019 Wright drank fracking fluid to demonstrate that it was not dangerous,[8] and Liberty Energy promoted its "greener selections" for chemical additives.[9] In a video posted to LinkedIn in January 2023, he said, "There is no climate crisis and we're not in the midst of an energy transition either".[10] He claimed that the climate movement around the world was "collapsing under its own weight."[11] He also said that the term "carbon pollution" is misleading.[12]

In April 2024, he testified on the SEC’s climate change rule from March 2024, which requires the disclosure of greenhouse gas emissions, physical risks to climate change and transition risks.[13] He called the rule unlawful "climate regulation promulgated under the Commission’s seal", said that companies risks associated with extreme weather were decreasing[13] and that millions of lives had been saved by reducing cold-related deaths.[13]

Nominee for Secretary of Energy

On November 15, 2024, the Financial Times reported that Wright was the most likely candidate for United States Secretary of Energy in Donald Trump's second presidency; businessmen Ray Washburne and Paul Dabbar were also considered.[14] Republican Senator John Barrasso praised Wright as an "energy innovator".[15] He received several endorsements from Trump allies including American Energy Alliance president Thomas Pyle and Continental Resources chairman Harold Hamm.[16] The next day, Trump announced he would nominate Wright as the United States Secretary of Energy, and he would serve on the National Energy Council if confirmed by the Senate.[17]

Board memberships

Wright has been on the board of directors of Oklo Inc., a company who designs small fast-neutron reactors and EMX Royalty, a royalty payment company for mineral rights and mining rights.[2]

Personal life

In 2024, Wright donated $228,390 to Trump's joint fundraising committee.[18] As the CEO of Liberty Energy Wright earned $5.6 million in 2023.[18] Wright and his wife, Liz, live in Englewood, Colorado.

Notes and References

  1. August 9, 2023 . Report of proposed sale of securities . . November 16, 2024.
  2. Web site: Christopher A Wright "Chris" . . November 16, 2024.
  3. Web site: Charalambous . Peter . Glasser . Matthew . Pereira. Ivan. What to know about Trump's energy secretary nominee Chris Wright . 2024-11-22 . ABC News . en.
  4. Web site: Stroud Exploration Company, LLC . Stroud Exploration Company, LLC . 2024-11-18.
  5. Web site: Liberty Energy Leadership . Liberty Energy . November 16, 2024 . October 6, 2024 . https://web.archive.org/web/20241006020000/https://libertyenergy.com/about/leadership/ . live .
  6. Web site: Home . Liberty Energy . 2024-11-13 . . 2024-11-18.
  7. Web site: Energy CEO Fights Climate Science. And LinkedIn. North Face, Too. . February 4, 2023 . Morenne . Benoît . . November 16, 2024 . May 25, 2024 . https://web.archive.org/web/20240525002151/https://www.wsj.com/articles/energy-ceo-fights-climate-science-and-linkedin-north-face-too-11675522739 . live .
  8. Web site: Trump picks oil industry CEO Chris Wright as Energy Secretary . November 16, 2024 . . November 16, 2024.
  9. News: December 20, 2019 . Green Select . 2024-11-17 . en-US.
  10. Web site: Samuelsohn . Darren . Donald Trump to nominate industry CEO Chris Wright to be secretary of Energy . 2024-11-16 . USA TODAY . en-US.
  11. Web site: 2024-11-16 . Trump names fossil fuel executive Chris Wright as energy secretary . 2024-11-16 . AP News . en.
  12. Web site: Trump nominates fracking magnate Chris Wright as energy secretary . 2024-11-20 . Al Jazeera . en.
  13. Web site: April 10, 2024 . WRITTEN STATEMENT OF CHRIS WRIGHT, FOUNDER, CHAIRMAN & CEO LIBERTY ENERGY I NC . . 2024-11-17 . House Committee on Financial Services.
  14. Web site: Oil boss Chris Wright leads race to be Donald Trump's energy secretary . November 15, 2024 . McCormick . Myles . Fedor . Lauren . Smyth . Jamie . . November 16, 2024.
  15. News: Matthew Daly, Will Weissert and Colleen Long . 2024-11-17 . Trump names CEO of Denver-based oil and gas company as energy secretary . 2024-11-18 . The Associated Press . en-US.
  16. Web site: Fracking Boss Picks Up Endorsements to Be Trump Energy Secretary . November 15, 2024 . Natter . Ali . . November 16, 2024.
  17. Web site: Donald Trump said he would nominate Chris Wright, the chief executive of Liberty Energy, an oil field services company, as his secretary of energy. . . November 16, 2024.
  18. News: A. B. C. News. What to know about Trump's energy secretary nominee Chris Wright . 2024-11-17 . en.