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The Latest Breaking News from Chris Wright

This Trump-Linked Nuclear Startup Is Worth $17B — And Still Waiting For A License

It sounds like something out of Silicon Valley: no revenue, no operating license, no signed customers — and yet, Oklo Inc (NASDAQ:OKLO) is worth more than $17 billion.

Benzinga

US demands EU reverse new climate rules to allow surge in gas imports

US and Qatar say new rules will hinder imports of LNG, posing ‘existential threat’ to European economies

The Guardian - US

Nuclear security agency begins furloughing workers as part of shutdown, energy secretary says

Furloughs have begun at the federal agency tasked with overseeing the U.S. nuclear stockpile

The Independent UK

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Nation’s nuclear weapon watchdog gutted to just 400 workers from nearly 2,000 as Trump shutdown layoffs hit agency

National Nuclear Security Administration is tasked with safeguarding U.S.’s nuclear stockpile. ‘These are not employees that you want to go home,’ one congressman said

The Independent UK

Energy Department offers $1.6 billion loan guarantee to upgrade transmission lines across Midwest

The Department of Energy says it has finalized a $1.6 billion loan guarantee to a subsidiary of one of the nation’s largest power companies to upgrade nearly 5,000 miles of transmission lines across five states, mostly in the Midwest, for largely fossil fuel-run energy

The Independent UK

More than 40 Trump administration picks tied directly to oil, gas and coal, analysis shows

Report looks at White House nominees and appointees and agencies dictating energy, environment and climate policy

The Guardian - US

EV and renewable companies brace for end of tax credits - Roll Call

The electric vehicle and renewable energy sectors are bracing for impact as tax credits that benefitted their products expire.

Roll Call

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Make green great again: Can appeals to the wallet make climate policy an election-winner?

In this week’s newsletter: At a major gathering in New York, climate advocates say that language has to change

The Guardian - UK

The White House Thinks Taking Partial Ownership of a Canadian Mining Company Will Reduce the National Debt

Trump's deal with a lithium mine in Nevada follows similar "creative deals" with Intel and U.S. Steel.

Reason

From bombs to glass: Hanford site can now transform nuclear waste

The Hanford Nuclear Reservation in Washington state produced plutonium for most of America's nuclear arsenal through the end of the Cold War

The Independent UK

US energy department cracks down on workers’ use of climate crisis language

Efficiency employees reportedly told to avoid ‘climate change’ and similar terms in their work in latest clampdown

The Guardian - US

Trump's $625 Million Coal Plan May Raise Utility Bills for Millions of Americans

One report found that forcing retiring coal plants to remain open could increase annual electricity costs by $3 billion through 2028.

Reason

EPA, Energy, Interior announce plans to support coal mining - Roll Call

The Trump administration's Monday announcement is the latest move in a government-wide effort to reverse the fuel’s decline.

Roll Call

Trump energy secretary to return billions set aside for green projects

Chris Wright attacks Joe Biden’s ‘Green New Scam agenda’ and says climate accords have not lowered emissions

The Guardian - US

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Benzinga

Past Oklo Ties Put Trump's Energy Secretary Under Democratic Senator's Scrutiny: 'Wright Is Acting In...'

Sen. Edward Markey (D-Mass.) has raised concerns about the actions of U.S. Energy Secretary Chris Wright and his alleged bias towards a nuclear power company, Oklo Inc. (NYSE:OKLO).

International Business Times

IEA Feels The Heat As Washington Pushes Pro-oil Agenda

No stranger to ire from oil-producing nations, the International Energy Agency (IEA) is facing pressure from the Trump administration over its globally-respected reports that predict a dwindling in fossil fuel demand.

Axios

Trump's point man on energy calls offshore wind disruption a unique case

The former fracking exec offered a peek into his upcoming moves and current thinking in a chat with Axios.

Benzinga

IAEA Raises Nuclear Power Projections, US Needs More Uranium

The International Atomic Energy Agency (IAEA) has revised upward its nuclear power projections, signaling an entirely shifted momentum for the sector. The decision marks the fifth consecutive upward revision since 2021, when forecasts began to rebound following a “lost decade” triggered by the Fukushima disaster in 2011.

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Reason

Environmental Groups Are Suing To Silence Scientists Who Wrote a Report Questioning Climate Change Alarmism

The groups are using the lawsuit to halt the Trump administration's deregulatory agenda.

Fortune

The roughneck is slowly disappearing from the oilfield as AI and automation take over

Many thousands of energy jobs are shed amid lower oil prices, efficiency gains, consolidation, and the advent of autonomous AI drilling and fracking operations.

Euronews

EU to speed up phase out of Russian energy amid US pressure

Bloc turns to the US to secure energy supply, but critics worry the EU is shifting dependencies and diverting from the bloc’s climate goals.

Benzinga

Elon Musk's Hits Back At Energy Secretary, Chris Wright With A Two-Word Reply After His 'Worthless' Wind And Solar Energy Remark

Tesla Inc. (NASDAQ:TSLA) CEO Elon Musk has fired back at the U.S. Department of Energy’s recent controversial statement about renewable energy, emphasizing the significance of large-scale batteries in the renewable energy sector.

Fortune

Trump’s energy department said wind and solar energy capacity is ‘worthless’ without sunlight or wind. Elon Musk reminds DoE about batteries: ‘Um… hello?’

Musk touted a massive energy storage project in Australia designed to stabilize the grid and expand renewable use.

The Independent UK

Tom Lawes helps Surrey fight back against Warwickshire

The champions had been bowled out for 246 before Tom Lawes produced a blistering five-over spell.

We Got This Covered

“We’re going to get blamed because we’re in office”: Energy Secretary admits rising electric bills are becoming major political headache for Trump

Even his own Energy Secretary admits they're screwed on this one.

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