Granholm divests from electric vehicle manufacturer

Granholm divests from electric vehicle manufacturer
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Energy Secretary Jennifer GranholmJennifer GranholmFederal watchdog calls on Congress, Energy Dept. to overhaul nuclear waste storage process Energy Department's loan program helped Tesla; now it needs to help low-income communities Biden administration launches new effort to help communities with energy transition MORE has divested from electric vehicle manufacturer Proterra following scrutiny from Republicans over her ties to the company. 

“Secretary Granholm has acted in full accordance with the comprehensive ethical standards set by the Biden Administration and has completed her divestment well ahead of the time required by her ethics agreement,” an Energy Department spokesperson said in an email. 

According to the department, Granholm has fully divested from her stock in the company, doing so 89 days into her time at the department's helm. This is less than half of the 180 days required under her ethics agreement. 

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Republicans have raised concerns about Granholm’s holdings in Proterra, where she also formerly held a board position. Sen. John BarrassoJohn Anthony BarrassoOvernight Energy & Environment — League of Conservation Voters — Climate summit chief says US needs to 'show progress' on environment Manchin, Barrasso announce bill to revegetate forests after devastating fires Overnight Energy & Environment — Presented by the League of Conservation Voters — EPA finalizing rule cutting HFCs MORE (R-Wyo.) has gone as far as calling for an investigation by the department's internal watchdog.  

He particularly pointed to President BidenJoe BidenFord to bolster electric vehicle production in multi-billion dollar push Protesters demonstrate outside Manchin's houseboat over opposition to reconciliation package Alabama eyes using pandemic relief funds on prison system MORE’s virtual tour of a Proterra manufacturing plant as well as Granholm’s activities in promoting electric vehicles, batteries and infrastructure. 

A department spokesperson has said that Granholm didn’t play a role in Biden’s tour. 

Proterra makes electric buses and delivery trucks, as well as electric vehicle batteries. 

Biden and his administration have pitched electric vehicles as a climate solution, and his infrastructure plan calls for $174 billion in investments in this area.