Oil boss Chris Wright named as Donald Trump's energy secretary

Donald Trump has nominated Chris Wright, CEO of Liberty Energy, as his energy secretary, a position that will place him at the forefront of the administration's efforts to deregulate the fossil fuel industry. Trump described Wright as a leading innovator in energy, emphasizing his role in driving innovation and reducing regulatory burdens. Alongside this appointment, Wright will also serve on a newly established "Council of National Energy," which aims to coordinate energy policy across various government agencies. Trump has pledged to reverse the Biden administration's restrictions on liquefied natural gas (LNG) exports, a task that will fall to Wright. The nomination has been met with support from the oil industry, which views it as a significant victory, but it is likely to face opposition from environmental groups. Critics have pointed out Wright's controversial statements regarding climate change and energy transition, raising concerns about the potential implications of his leadership on environmental policies. Trump's administration is expected to prioritize fossil fuel production and deregulation, with Wright playing a key role in these initiatives.

- Chris Wright has been nominated as energy secretary by Donald Trump.

- Wright's appointment is seen as a win for the fossil fuel industry.

- He will lead efforts to deregulate the energy sector and increase LNG exports.

- The nomination may face opposition from environmentalists due to Wright's past statements on climate change.

- Trump aims to cut regulations and enhance private sector investments in energy.