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Forbes Daily Briefing

Fracker Chris Wright, Trump’s Energy Pick, Isn’t A Climate Denier—He’s A Pragmatist

Forbes Daily Briefing

Forbes

Careers, Business, News, Entrepreneurship

4.612 Ratings

🗓️ 20 November 2024

⏱️ 5 minutes

🧾️ Download transcript

Summary

Liberty Energy CEO Wright is an MIT and Berkeley trained engineer running a big fracking company. He’s also an investor in next-gen technology, including Tim Latimer’s Fervo Energy, which aims to frack hot rocks to provide geothermal energy.

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Transcript

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0:00.0

Here's your Forbes Daily Briefing for Wednesday, November 20th.

0:05.0

Today on Forbes, Fracker Chris Wright, Trump's energy pick, isn't a climate denier.

0:12.0

He's a pragmatist.

0:14.0

Over the weekend, President-elect Donald Trump announced he would nominate Chris Wright, CEO

0:20.0

of Liberty Energy, as the next secretary of

0:22.4

the U.S. Department of Energy.

0:24.8

Wright has been denigrated as a, quote, climate denier.

0:28.3

He insists he's anything but.

0:31.1

The self-described nerd with a degree in mechanical engineering from MIT did graduate

0:35.6

work at UC Berkeley before embarking on a 30-year journey

0:39.1

as a successful entrepreneur. He has stated publicly for years his belief that carbon dioxide

0:45.1

is a greenhouse gas that is no doubt making the atmosphere warmer than it otherwise would be.

0:51.2

Where he diverges from conventional thinking is on what to do about it.

0:55.2

To write, who is 59 years old, using less energy is not an option because humans have proven that we thrive with more.

1:03.2

On a video chat he shared last year, he said, quote,

1:07.2

"...any negative impact of climate change has been overwhelmed by the benefits of increasing

1:12.5

energy consumption. Since World War II, human carbon dioxide emissions have surged, but right

1:19.8

reasons that during that same period, we've also enjoyed far less disease, refrigeration, air

1:25.9

travel, Wi-Fi, air conditioning, all enabled by fossil fuels.

1:31.2

Ten days before he was nominated to be the energy secretary, he told Forbes, quote,

1:35.4

to make the world a better place to solve the global problems, you need more reliable,

1:40.9

affordable, secure energy. You have to have a successful, wealthy society to do that.

...

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