President Donald Trump on Tuesday nominated Paul Dabbar of New York, an investment banking executive at J.P. Morgan, to be under secretary for science in the U.S. Department of Energy.
Dabbar is managing director for mergers and acquisitions for J.P. Morgan, and he has more than $400 billion in investment experience across all energy sectors, according to a statement posted by the White House Office of the Press Secretary on Tuesday. Those energy sectors include solar, wind, geothermal, distributed-generation, utility, LNG, pipeline, oil and gas, trading, and energy technology, the statement said. Dabbar has also led the majority of all nuclear transactions.
Before joining J.P. Morgan, Dabbar served as a nuclear submarine officer in Mare Island, California, and Pearl Harbor, Hawaii, and he was deployed to the North Pole, where he conducted environmental research, the statement said.
Dabbar currently serves on the U.S. Department of Energy Environmental Management Advisory Board.
If confirmed by the U.S. Senate, Dabbar would succeed Franklin “Lynn” Orr in the post. Orr left the job January 20, Inauguration Day, after serving as DOE’s first under secretary for science and energy. Orr started serving as under secretary on December 17, 2014. [Read more…]