Energy Secretary Wright holds millions in oil stocks while setting $80B policy

The Department of Energy controls approximately $80 billion in annual spending and issues regulations affecting $1.4 trillion in U.S. energy markets (Source: Department of Energy Budget, energy.gov/cfo/office-chief-financial-officer).

Chris Wright’s fossil fuel stock holdings are valued at $200–250 million, creating substantial personal financial stakes in oil and gas policy (Source: Wright Financial Disclosure Forms, oge.gov/web/oge.nsf/Financial+Disclosure).

Liberty Energy derives about 95 percent of its revenue from hydraulic fracturing operations (Source: Liberty Energy Financial Reports, investors.libertyenergy.com/financials).

The federal government has spent approximately $650 billion on fossil fuel subsidies over the past decade (Source: Fossil Fuel Subsidy Analysis, eesi.org/papers/view/fact-sheet-fossil-fuel-subsidies-a-closer-look-at-tax-breaks-and-societal-costs).

Studies estimate 200,000–250,000 Americans die annually from fossil fuel air pollution (Source: Fossil Fuel Air Pollution Mortality Study, hsph.harvard.edu/c-change/subtopics/fossil-fuels-health/).

Methane released during fracking is 80 times more potent than carbon dioxide over a 20-year period (Source: EPA Methane Emissions from Oil and Gas, epa.gov/oil-and-gas-air-pollution-standards).

Scientists warn that global emissions must be cut 50 percent by 2030 to avoid catastrophic climate impacts (Source: IPCC Climate Report 2023, ipcc.ch/report/ar6/syr/).

Approximately 75 percent of U.S. greenhouse gas emissions come from the energy sector (Source: EPA Greenhouse Gas Inventory, epa.gov/ghgemissions/sources-greenhouse-gas-emissions).

The U.S. provides roughly 5–10 times more federal subsidies to fossil fuels than to renewable energy (Source: Energy Subsidy Comparison Analysis, imf.org/en/Publications/WP/Issues/2019/05/02/Global-Fossil-Fuel-Subsidies-Remain-Large-An-Update-Based-on-Country-Level-Estimates-46509).