Newly confirmed US Energy Secretary Chris Wright on Monday said that President Donald Trump's administration wants to increase natural gas production, in a stark change from the previous White House.
“We are unabashedly pursuing a policy of more American energy production and infrastructure, not less,” Mr Wright said during an address at the CeraWeek by S&P Global energy conference in Houston, Texas.
CeraWeek is the first major international energy conference to be held since Mr Trump began his second presidential term. He made a series of moves to reverse predecessor Joe Biden's policies, including withdrawing from the Paris Climate Accord and lifting a pause on permits for liquefied natural gas (LNG) projects.
The US President also used a high-profile online address in Davos this year to call on Opec member countries to boost their production. Then in early March, the global group announced it plans to increase its oil production in April for the first time since 2022.
Mr Wright announced that he had approved an LNG export permit for the Delfin offshore Louisiana LNG export terminal. Mr Biden paused approvals for LNG exports due to concerns over fossil fuels' effects on climate change.
Calling himself a “climate realist”, Mr Wright criticised Mr Biden's climate policies as “irrational” and “quasi-religious”.
“The Trump administration will treat climate change for what it is, a global physical phenomenon that is a side-effect of building the modern world,” he said.
Mr Trump chose Mr Wright and Interior Secretary Doug Burgum to help increase domestic oil and gas production. Mr Burgum was due to address the conference later this week.
However, Carlyle Group's Jeff Currie expects trade in fossil fuels to decline as countries push to invest in renewable and nuclear power. Mr Currie said the vulnerability in fossil fuels' transport will lead countries to reduce their oil and gas imports.
Mr Wright said the Trump administration envisions a so-called American nuclear renaissance, adding that artificial intelligence will help drive next-generation fission and fusion nuclear energy.
But with demand for energy in the US increasing because of the massive amounts required for AI, Mr Wright said regulatory changes and private capital are needed to help support it.
“The more energy investment, the more intelligence produced,” he said. “Since the demand for energy is unlimited, since the demand for intelligence is unlimited, so will be the demand for energy.”
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Killing of Qassem Suleimani
2025 Fifa Club World Cup groups
Group A: Palmeiras, Porto, Al Ahly, Inter Miami.
Group B: Paris Saint-Germain, Atletico Madrid, Botafogo, Seattle.
Group C: Bayern Munich, Auckland City, Boca Juniors, Benfica.
Group D: Flamengo, ES Tunis, Chelsea, Leon.
Group E: River Plate, Urawa, Monterrey, Inter Milan.
Group F: Fluminense, Borussia Dortmund, Ulsan, Mamelodi Sundowns.
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2018 ICC World Twenty20 Asian Western Regional Qualifier
The top three teams progress to the Asia Qualifier
Final: UAE beat Qatar by nine wickets
Third-place play-off: Kuwait beat Saudi Arabia by five runs
Table
1 UAE 5 5 0 10
2 Qatar 5 4 1 8
3 Saudi 5 3 2 6
4 Kuwait 5 2 3 4
5 Bahrain 5 1 4 2
6 Maldives 5 0 5 0
Third Test
Result: India won by 203 runs
Series: England lead five-match series 2-1
UAE currency: the story behind the money in your pockets
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UAE currency: the story behind the money in your pockets
FIGHT CARD
Bantamweight Hamza Bougamza (MAR) v Jalal Al Daaja (JOR)
Catchweight 67kg Mohamed El Mesbahi (MAR) v Fouad Mesdari (ALG)
Lighweight Abdullah Mohammed Ali (UAE) v Abdelhak Amhidra (MAR)
Catchweight 73kg Mostafa Ibrahim Radi (PAL) v Yazid Chouchane (ALG)
Middleweight Yousri Belgaroui (TUN) v Badreddine Diani (MAR)
Catchweight 78kg Rashed Dawood (UAE) v Adnan Bushashy (ALG)
Middleweight Sallaheddine Dekhissi (MAR) v Abdel Emam (EGY)
Catchweight 65kg Rachid Hazoume (MAR) v Yanis Ghemmouri (ALG)
Lighweight Mohammed Yahya (UAE) v Azouz Anwar (EGY)
Catchweight 79kg Omar Hussein (PAL) v Souhil Tahiri (ALG)
Middleweight Tarek Suleiman (SYR) v Laid Zerhouni (ALG)
Director: Shady Ali
Cast: Boumi Fouad , Mohamed Tharout and Hisham Ismael
Rating: 3/5
Quick facts on cancer
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- About one in five men and one in six women will develop cancer in their lifetime
- By 2040, global cancer cases are on track to reach 30 million
- 70 per cent of cancer deaths occur in low and middle-income countries
- This rate is expected to increase to 75 per cent by 2030
- At least one third of common cancers are preventable
- Genetic mutations play a role in 5 per cent to 10 per cent of cancers
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strategies
- The total annual economic cost of cancer is $1.16 trillion
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