U.S. Energy Secretary Drives Major Policy Shifts, Prioritizing Domestic Production and Exports
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U.S. Energy Secretary Drives Major Policy Shifts, Prioritizing Domestic Production and Exports
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During a Bloomberg Television interview, Wright expressed concerns about the previous administration's issuance of billions in loans and grants between Trump's election and inauguration day. "We've got a lot of reasons to be worried and suspicious about that," Wright stated, adding that while some loans will proceed because "it's too late to change course," many others will not move forward under the new careful review process his team has established.
The Department of Energy also announced new leadership on May 2 to tackle challenges of strengthening and securing the U.S. energy system while ensuring America can lead in the global AI race. This leadership change comes as the DOE released President Trump's 2026 budget proposal, outlining the administration's fiscal priorities for energy policy.
Wright has been particularly focused on expanding American energy exports. In recent statements, he highlighted that the administration has approved natural gas export terminals with capacity roughly equivalent to the second and third largest exporters of natural gas combined. "The United States will not only be the largest exporter of natural gas, but by far," Wright noted, emphasizing this would create more American jobs and provide secure energy to allies.
The Energy Secretary recently returned from a diplomatic trip to Poland, where he oversaw the signing of an Engineering Development Agreement between U.S. companies Westinghouse and Bechtel and Polish company PEJ. During this visit, Wright delivered keynote remarks at the Three Seas Business Forum in Warsaw and signed a nuclear power plant deal that he claims will create tens of thousands of American jobs.
On the domestic front, Wright visited Rinnai America Corporation's manufacturing facility in Griffin, Georgia on May 2 to mark the first 100 days of what the administration calls "Unleashing American Energy." The visit highlighted the administration's focus on domestic manufacturing and energy innovation.
These activities occur against the backdrop of significant restructuring at federal energy agencies. The Trump administration has implemented workforce reductions affecting the Department of Energy, with industry stakeholders expressing concerns about diminished institutional capacity. Simultaneously, the administration has taken steps to reshape the federal permitting landscape, with the Interior Department targeting completion of certain project reviews in 28 days rather than the customary two years.