What Trump’s energy department has in store for investors

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But during his first term in office, Trump made a series of moves to promote nuclear power, including executive orders promoting small nuclear reactors and establishing a working group to “reinvigorate the entire nuclear fuel supply chain”.

The founder of Liberty Energy, which provides services to shale oil and gas producers, Wright has been a vocal sceptic of climate change concerns, claiming that “there is no climate crisis and we are not in the midst of an energy transition either”.

Chris Wright, tapped to head the energy department, has not been among the most hotly discussed nominations — but the policies he oversees could have major implications for investors, as well as for the US energy transition.

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Article Details

Author / Journalist: Patrick Temple-West

Category: MarketsFinanceInvesting

Markets: United StatesIndonesiaKazakhstanSwitzerland

Topics: Nuclear Been Energy Clean Power Investors Cent Trump’s Wright Trump Administration

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-11-29 @ 12:00:37 (10 hours ago)

News Timezone: GMT -5:00

News Source URL: ft.com

Language: English

Article Length: 1042 words

Reading Time: 6 minutes read

Sentences: 44 lines

Sentence Length: 24 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Financial Times

News ID: 23944365

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About Financial Times

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Official Website: ft.com

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