US shale boss Chris Wright leads race to be Trump’s energy secretary

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Financial Times 12h ago

US shale boss Chris Wright leads race to be Trump’s energy secretary - Financial Times

Quick Summary:

His appointment would be another big win for the US oil industry, which has enthusiastically supported his candidacy, and give him a key role in enacting the president-elect’s plans to build up exports of liquefied natural gas.

Granholm told the FT any efforts to unpick the legislation, which earmarked billions of dollars in tax credits for clean energy would be “not just unilaterally disarming, we would be stabbing ourselves because it would be so foolish”.

On top of its role overseeing exports, the Department of Energy is responsible for the US nuclear weapons programme, environmental clean-ups and scientific research and development through its oversight of the country’s national laboratories.