The daily business briefing: December 8, 2016

Trump nominates a fossil fuel industry ally to run the EPA and a wrestling entrepreneur to run the SBA, stocks post fresh records as post-election rally charges on, and more

Linda McMahon.
(Image credit: Drew Angerer/Getty Images)

1. Trump taps fossil fuel industry ally to head EPA

President-elect Donald Trump will nominate Oklahoma Attorney General Scott Pruitt, a fossil fuel industry ally, to head the Environmental Protection Agency, Trump's transition team confirmed in a statement Thursday. Pruitt, a Republican, has helped craft his state's legal challenge of President Obama's policies aiming to fight climate change, including regulations pushing power plants to reduce carbon dioxide emissions scientists blame for warming the planet. Trump said Pruitt was the right choice to transform an agency that has "spent taxpayer dollars on an out-of-control anti-energy agenda that has destroyed millions of jobs." Environmentalist groups denounced the choice. The Sierra Club said putting Pruitt in charge of the EPA was like "putting an arsonist in charge of fighting fires."

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