American Invest Hub
  • Politics
  • Investing
  • Business
  • Latest News

American Invest Hub

  • Politics
  • Investing
  • Business
  • Latest News
Latest News

Trump’s energy pick, Chris Wright, argues fossil fuels are key to ending global poverty

by admin November 23, 2024
November 23, 2024
Trump’s energy pick, Chris Wright, argues fossil fuels are key to ending global poverty

US President-elect Donald Trump’s pick to lead the Energy Department believes fossil fuels are key to ending world poverty, which he says is a bigger issue than climate change’s “distant” threat, Reuters reported.

Trump’s choice to lead the US Energy Department Chris Wright penned a corporate report released in February called Bettering Human Lives.

The report was penned, while he was still the CEO of oilfield services company Liberty Energy. 

Wright said in the report that poverty can be alleviated by giving people more access to hydrocarbons. 

Wright had started a foundation aimed at expanding propane cookstoves in developing countries, Reuters said in its report. 

There have been concerns about Trump’s policies regarding energy and climate change.

The President-elect has been vocal about his support for the oil and gas industry in the US. 

Trump is also expected to roll back several climate regulations passed under the incumbent US President Joe Biden.

Wright’s appointment was thus seen as a step towards increasing oil and gas output in the US by experts. 

Wright’s appointment crucial for US oil and gas industry?

“The vibes will be better for the oil and gas industry,” Morgan Bazilian, director of the Payne Institute at the Colorado School of Mines, told Reuters in an interview, adding the industry felt attacked by President Joe Biden’s climate policies.

Brazilian also said that Wright is “a perfect example of this. He’s been outspoken on how the oil and gas industry has brought security power and development to the United States, which is true. The other true thing is that global emissions aren’t going down”. 

As the world tries to transition to using clean energy, the appointment of Wright could roll back the progress of the US in limiting carbon emissions. 

Experts have said that emissions from fossil fuels are the major reason for climate change. 

In the report, Wright said that carbon is essential for life, and pushed back on the treatment of carbon dioxide as a pollutant. 

Experts term Wright’s logic as absurd 

Reuters quoted Peter Reich, a climate scientist at the University of Michigan, as saying that Wright’s logic is “terrifyingly absurd”. 

“People and their pets and crops also need water,” Reich told Reuters.

Reich said:

That doesn’t mean that if your house is flooded up to the second floor or your soybean field is under water, that water cannot be a problem.

Wright in the report said that much of the world was losing perspective as they pushed misdirected efforts to achieve the social and political goal of appearing to “take action” against climate change. 

“Overheated rhetoric is epitomized by current UN head Antonio Guterres’ ‘code red for humanity’ and ‘global boiling’,” Wright said in the report. 

Additionally, he also mentioned in the report without evidence that the population of polar bears is rising. 

Charlotte Lindqvist, an expert at the University of Buffalo, told Reuters that polar bear populations are not increasing and the species is losing its sea ice habitats.

Wright says solar and wind energy insufficient

In the report, Wright said small modular nuclear, which is not yet commercialized, and geothermal can be alternatives to petroleum products. 

However, according to Reuters, he criticized solar and wind energy as insufficient. 

Bazilian told Reuters Wright’s views on solar and wind were outdated.  

He noted that the cost of carbon-free solar and wind has fallen dramatically and those sources can also address energy poverty, according to Reuters. 

The post Trump’s energy pick, Chris Wright, argues fossil fuels are key to ending global poverty appeared first on Invezz

0
FacebookTwitterGoogle +Pinterest
previous post
Dow Jones, S&P 500 rise on strong US manufacturing data; Gap jumps 15%, while Alphabet and NVIDIA slide
next post
Mexico’s GDP reaches highest growth in over two years with 1.1% rise in Q3 2024

Related Posts

UK nuclear missile test fails for second time...

February 22, 2024

The US allowed a Gaza ceasefire resolution to...

March 28, 2024

Trump and Musk slash federal workforce as mass...

February 15, 2025

Expedia’s cost controls offer hope, but analysts see...

May 10, 2025

Russia’s presidential election is nearing. We already know...

February 26, 2024

DC plane crash latest: All 67 victims recovered...

February 5, 2025

Iron ore futures extend losing streak as US-China...

March 3, 2025

Thai court sentences son of Spanish TV star...

August 30, 2024

Saudi Arabia poised to raise September crude prices...

July 28, 2025

Germany’s election shock: Key results, implications, and what’s...

February 26, 2025

    Stay updated with the latest news, exclusive offers, and special promotions. Sign up now and be the first to know! As a member, you'll receive curated content, insider tips, and invitations to exclusive events. Don't miss out on being part of something special.


    By opting in you agree to receive emails from us and our affiliates. Your information is secure and your privacy is protected.

    Latest News

    • FBI raid on John Bolton’s home in Washington linked to classified documents

      August 25, 2025
    • Argentine senate deals blow to Milei’s austerity agenda with university budget boost

      August 25, 2025
    • Jackson Hole Symposium: what Powell said about economic effects of Trump’s tariffs

      August 25, 2025
    • At Jackson Hole, Fed Chair Powell signals possible cuts while warning of uncertainty

      August 25, 2025
    • Trump threatens to fire Fed Governor Lisa Cook amid mortgage fraud allegations

      August 25, 2025

    Categories

    • Business (3,763)
    • Investing (2,783)
    • Latest News (2,048)
    • Politics (1,530)
    • About us
    • Contact us
    • Privacy Policy
    • Terms & Conditions

    Disclaimer: americaninvesthub.com, its managers, its employees, and assigns (collectively “The Company”) do not make any guarantee or warranty about what is advertised above. Information provided by this website is for research purposes only and should not be considered as personalized financial advice. The Company is not affiliated with, nor does it receive compensation from, any specific security. The Company is not registered or licensed by any governing body in any jurisdiction to give investing advice or provide investment recommendation. Any investments recommended here should be taken into consideration only after consulting with your investment advisor and after reviewing the prospectus or financial statements of the company.

    Copyright © 2025 americaninvesthub.com | All Rights Reserved