What Trump’s energy department has in store for investors

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Financial Times 5d ago

What Trump’s energy department has in store for investors - Financial Times

Quick Summary:

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.