Chris Wright on nuclear power, Nov 6, 2020 1

2 Comments

  1. “He was the CEO of Liberty Energy, North America’s second largest hydraulic fracturing company…”

    Sounds like a reasonable pick for Secretary of Energy in a Republican administration, yet literally the fossil bogeyman of nukebro lore (i.e. one of ‘THEY’ in the conspiracy).

    “and served on the boards of Oklo Inc..”

    ‘Climate Science’ is often cited in Oklo videos and press releases. I’m curious when Chirs Wright took that position on their board. Was it after the IPO? If so, bravo to Oklo for reading the political winds.

    Altman’s Oklo stock has more than doubled since xmas – it’s at $50/ea today. I wonder about the exit strategy. How do they unwind this?

  2. @michael scarangella

    While I have often written about the notion that fossil fuel interests are motivated to slow or stop nuclear energy, I’ve never intended that to mean that I think all fossil fuel interests oppose nuclear power. In fact, most of them are quite strong in their support of the technology because they really are motivated to supply the world with the energy that it needs.

    Chris Wright is most certainly in the category of someone who is deeply committed to providing clean, reliable, abundant, affordable and secure energy. Natural gas might not be very clean from a CO2 perspective, but otherwise it is very clean compared to its competitors.

    Wright has also made it very clear through actions and investments that he supports nuclear and geothermal energy in addition to natural gas and oil.

    I’m not sure what you mean by “unwind.” The insiders at Oklo apparently believe that their technology will be successful and that their business model is one that will result in strong returns. Why would they feel any need to “unwind” that? Successful entrepreneurs sell SOME of their stock. But they also choose to retain a substantial portion of their holdings so that they can continue to benefit from corporate growth.

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