Our guest on this episode of the Wow Factor podcast is Chris Wright, the CEO and Chairman of the Board of Liberty Energy. Chris has an impressive background in the energy industry, having worked in oil and gas, fusion, solar, and geothermal energy. He founded Pinnacle Technologies at the young age of 27 and has served as Chairman of Stroud Energy, in addition to sitting on the board of several nonprofits. Chris is also an outdoor enthusiast and a devoted family man.

During our conversation, Chris shares his experiences as an entrepreneur, including the moment he realized he wasn’t cut out to work for other people. He offers his thoughts on climate change, the importance to society as a whole of oil and gas, and why he made his #ThankYouNorthFace YouTube video. Chris also shares more about his work with ACE Scholarships, which awards financial scholarships to low-income families so promising students can attend the school of their choice.

“Just because people say you can’t do it, doesn’t mean you can’t.” – Chris Wright

“Humans are all different. They need to be doing different things; they value different things, they fear different things, they’re inspired by different things.” – Chris Wright

This Week on The Wow Factor:

• What Chris discovered about his passion for big science in his first semester at MIT

• The moment that Chris realized that he wasn’t cut out to work for other people

• Some of the essential lessons that Chris learned in his first job after college

• Why he started Pinnacle Technologies at the young age of 27

• The process of hydraulic fracturing or ‘fracking’ and why Chris is such a staunch supporter of the practice

• Some of the paradoxes inherent in the discussions around climate change

• Why Chris made a YouTube video calling out North Face’s hypocrisy and how it led to the #ThankYouNorthFace campaign to force a discussion of the multiple uses of oil and gas in products

• The bottom line on climate change, according to Chris

• Why the ACE Scholarships program was created

• Why the current policy of trying to restrict the development of oil and gas is raising prices and damaging communities worldwide

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The post Liberty Energy CEO Chris Wright Sees a Path to Net Zero Poverty by 2050 appeared first on Liberty Energy.

– Kathleen Sgamma, President, Western Energy Alliance | https://www.westernenergyalliance.org/about.html

– Chris Wright, CEO and Chairman, Liberty Energy | https://www.libertyenergy.com/about-liberty/leadership/

– Tim Tarpley, SVP Government Affairs & Counsel at Energy Workforce & Technology Council | https://energyworkforce.org/about-us/council-staff/

– Rikki Hrenko-Browning, President, Utah Petroleum Association | https://utahpetroleum.org/meet-our-president/

Topic – A Roundtable Discussion On The Natural Gas and Oil Industry: The Benefits, The Issues, The Leadership And The Impact!

The post A Roundtable Discussion On The Natural Gas and Oil Industry: The Benefits, The Issues, The Leadership And The Impact! appeared first on Liberty Energy.

As you will hear, Chris lays out the three global challenges that he sees for energy and environmental policies including solving energy poverty globally (replacing wood and dung with clean cooking fuels could save 2 to 3 million people from death annually), pushing towards reliable and affordable energy systems with minimal environmental impact, and addressing climate change thoughtfully. As we discuss these objectives, you will hear us touch on a broad range of issues and factors. When discussing what the world of energy looks like in ten years, Chris had a really great and unique answer (and goal): “net zero poverty by 2050.” It was a stimulating and exciting session with Chris today and we can’t thank him enough for joining us.

In our upfront discussion, Mike Bradley summed up bond, commodity and equity performance from the past week and the loud reactions to the recent OPEC+ meeting. Colin Fenton highlighted an important update from the London Metals Exchange concerning Russian metal exports and shared his takeaways from Annie Proulx’s new book, ” Fen, Bog and Swamp.” Ryan Zorn, Veriten’s Senior Contributor, also joined and asked for Chris’s “energy discussion forecast” beyond the elections.

Thanks to you all. We hope you enjoy as much as we did!

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Listen to the full podcast here.

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Listen to the podcast here.

A substantial portion of United States policymakers and citizens tout an accelerated “energy transition” away from fossil fuels. But what does this mean? What would it entail? What are the costs associated with such a transition? And is a transition even practical or realistic? Even if the United States (or the world) were to transition away from fossil fuels entirely for electricity generation, in what other ways do fossil fuels play an integral role in modern living? These questions and many more are answered in this episode of Common Sense Digest.

Chairman and Host of Common Sense Institute Earl Wright welcomes Chief Executive Officer and Chairman of the Board of Liberty Energy Chris Wright and 2022 Mike A. Leprino Fellow & 2021 Terry J. Stevinson Fellow Evelyn Lim to the show to discuss the multiple factors at play regarding an energy transition. The three touch on issues including the Russian invasion of Ukraine, the state of permitting and exports in the United States, regulatory policy in the country and in Colorado specifically, and the ways in which fossil fuels impact our lives beyond electricity generation. For more illustrative information on these topics and more, please review Evelyn Lim’s “Colorado Faces Economic, Technological, and Even Geopolitical Barriers to Meeting Its Aggressive Greenhouse Gas Emission Reduction Goals” and Liberty Energy’s “Bettering Human Lives: 2020 ESG Report”

Thank you for listening to Common Sense Digest. Please rate, review, and subscribe on your favorite podcatcher. All of our podcasts can be found here.

Chris Wright serves as Chief Executive Officer and Chairman of the Board of Liberty Energy. Additionally, Chris founded and serves as Executive Chairman of Liberty Resources, a Bakken-focused E&P company and Liberty Midstream Solutions. He has had a lifelong passion for energy and its role in human life. He has spoken on energy to the UK House of Lords, the States Attorneys General, Federal and State Judges, debated the merits of the shale revolution on TV and given over 100 talks.

Evelyn Lim is the 2022 Mike A. Leprino Fellow & 2021 Terry J. Stevinson Fellow, and she is the Director of Policy and Research at the American Cornerstone Institute.  She was most recently the Department of Housing and Urban Development’s (HUD) Regional Administrator for Region 8 which covers Colorado, Utah, Wyoming, Montana, North Dakota, and South Dakota. In March 2020, she was detailed to Secretary Carson’s office to lead HUD’s coronavirus relief efforts and support the Secretary in his role on the White House Coronavirus Task Force.  Prior to her appointment at HUD, she served as the Deputy Chief of Staff at the Department of Homeland Security (DHS), the third largest federal cabinet agency with over 240,000 law enforcement, military, and civilian employees.

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In this very special 1.5 hour long podcast, Trisha Curtis sits down with the CEO of Liberty Oilfield Services, Chris Wright and nerds out on everything from the global oil market to frac sand. This was a live event at Liberty Oilfield Services, put on by the Denver Petroleum Club. Trisha and Chris talk about Liberty’s ESG report on energy poverty, Chris’ take on the battle against CO2, ESG, China, US regulations against oil and gas, inflation, rising electricity and energy costs, and simul frac and frac sand. This is a dense and lively discussion followed by questions from the audience. It is an honest and analytical take on the energy industry, CO2, ESG moves, and oil and gas equities.

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With escalating concerns around climate change, the oil and gas industry is under fire to reduce emissions more than ever. But the discussions surrounding the negative impacts of the energy industry are “far from reality,” according to Chris Wright, CEO of Liberty Oilfield Services and strong advocate of the industry.

“Everyone has been disappointed with the dialogue around energy,” Wright said. “I’ve been an energy nerd since I was a kid. Energy is complicated, but critical.”

“But the last five years have gotten so far away from reality,” he continued, “that it is alarming and disturbing and, quite frankly, damaging.”

In an exclusive interview, Wright told Hart Energy’s Faiza Rizvi that there has been a lot of dialogue around the negative impacts of the oil and gas industry, which are “real and should be acknowledged.” However, he also stressed the need to understand the benefits of the oil and gas industry and how plentiful and affordable energy is absolutely critical across several industries including health care and transportation.

Jump to a topic:

• Liberty’s first-ever ESG report (0:33)
• Effective ESG reporting (2:55)
• North Face campaign (8:57)
• Future trends of ESG (22:02)

“If you look at the bigger picture, our industry causes a dime of damage to the world and a dollar of benefit,” he said. “The benefits versus the costs are enormously larger.”

In June, Liberty Oilfield Services released its inaugural ESG report titled “Bettering Human Lives,” providing a comprehensive review of the relationship between energy, poverty and climate change.

“At Liberty, we tried to do our little part based on numbers and facts, put a little more perspective around the oil and gas industry…We always talk about the dime of damage, but [in the report] we have evaluated both sides of the story to make better decisions,” Wright said of the report.

For example, in early June, Wright and his team launched a campaign targeting outdoor industry stalwart The North Face after it refused to fulfill an order of making co-branded jackets for Innovex because it’s an oil and gas company. The campaign, in which Wright thanked North Face for being a “valuable customer of the oil and gas industry,” went viral and Wright was applauded for taking a stand for the fossil fuel industry.

Commenting on the campaign, Wright said he saw it as an opportunity to communicate about the critical role of oil and gas.

“The outdoor industry is entirely enabled by oil and gas,” he explained. “North Face makes great gear and I’ve been a fan of North Face for a long time but just going with the trend of saying ‘oil and gas is bad because our customers need to hear this’—we need to change that.”

Further, Wright went through North Face’s website of wide-ranging products and said he failed to find a single product that wasn’t made out of oil and gas.

“So, for North Face to come out and say ‘we’re not going to make jackets for an oil and gas company because we are against the oil and gas industry’ is like bees shunning honey…everything they do is simply impossible without oil and gas,” he added.

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