Energy Secretary nominee Chris Wright told key senators that, if confirmed, he would embrace an āall-of-the-aboveā approach to energy development, sustain funding for research programs, slash permitting timelines, encourage natural gas exports, and accelerate electric grid expansion.
During his nearly three-hour Jan. 15 nomination hearing before the Senate Energy and Natural Resources Committee, President-elect Donald Trumpās selection to lead the Department of Energy (DOE) said that upon assuming office, he would āimmediatelyā freeze more than $25 billion in loans being processed by the DOEās Loan Program Office (LPO) in the wake of recent inspector general (IG) disclosures.
Wright, the MIT-educated CEO of Colorado-based Liberty Energy, among the nationās largest fracking contractors, was less resolute when asked how he would respond as DOE chief to anticipated efforts by the Trump administration to āclaw backā funding in the annual budgets and spending programs authorized over multiple years by Congress.
Original News Source Link – Epoch Times
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