AIRLINK 72.59 Increased By ▲ 3.39 (4.9%)
BOP 4.99 Increased By ▲ 0.09 (1.84%)
CNERGY 4.29 Increased By ▲ 0.03 (0.7%)
DFML 31.71 Increased By ▲ 0.46 (1.47%)
DGKC 80.90 Increased By ▲ 3.65 (4.72%)
FCCL 21.42 Increased By ▲ 1.42 (7.1%)
FFBL 35.19 Increased By ▲ 0.19 (0.54%)
FFL 9.33 Increased By ▲ 0.21 (2.3%)
GGL 9.82 Increased By ▲ 0.02 (0.2%)
HBL 112.40 Decreased By ▼ -0.36 (-0.32%)
HUBC 136.50 Increased By ▲ 3.46 (2.6%)
HUMNL 7.14 Increased By ▲ 0.19 (2.73%)
KEL 4.35 Increased By ▲ 0.12 (2.84%)
KOSM 4.35 Increased By ▲ 0.10 (2.35%)
MLCF 37.67 Increased By ▲ 1.07 (2.92%)
OGDC 137.75 Increased By ▲ 4.88 (3.67%)
PAEL 23.41 Increased By ▲ 0.77 (3.4%)
PIAA 24.55 Increased By ▲ 0.35 (1.45%)
PIBTL 6.63 Increased By ▲ 0.17 (2.63%)
PPL 125.05 Increased By ▲ 8.75 (7.52%)
PRL 26.99 Increased By ▲ 1.09 (4.21%)
PTC 13.32 Increased By ▲ 0.24 (1.83%)
SEARL 52.70 Increased By ▲ 0.70 (1.35%)
SNGP 70.80 Increased By ▲ 3.20 (4.73%)
SSGC 10.54 No Change ▼ 0.00 (0%)
TELE 8.33 Increased By ▲ 0.05 (0.6%)
TPLP 10.95 Increased By ▲ 0.15 (1.39%)
TRG 60.60 Increased By ▲ 1.31 (2.21%)
UNITY 25.10 Decreased By ▼ -0.03 (-0.12%)
WTL 1.28 Increased By ▲ 0.01 (0.79%)
BR100 7,566 Increased By 157.7 (2.13%)
BR30 24,786 Increased By 749.4 (3.12%)
KSE100 71,902 Increased By 1235.2 (1.75%)
KSE30 23,595 Increased By 371 (1.6%)
World

Biden pick to head Energy Dept faces Senate confirmation hearing

  • Granholm led a charge to secure $1.35 billion in federal funding for companies to produce electric vehicles (EVs) and batteries in the state.
  • We need to be the leader, rather than passive bystanders, or otherwise we're going to allow other countries like China and others we're fighting to be able to corner this market.
Published January 27, 2021

Biden pick to head Energy Dept faces Senate confirmation hearing

WASHINGTON: President Joe Biden's nominee for energy secretary, Jennifer Granholm, is expected to face questions on the administration's push to compete with China on electric vehicles at her Senate confirmation hearing later on Wednesday.

While governor of auto-manufacturing Michigan from 2003 to 2011, Granholm led a charge to secure $1.35 billion in federal funding for companies to produce electric vehicles (EVs) and batteries in the state.

Granholm, 61, who is expected to be confirmed by the Senate in days after the hearing, wants to steer the department to help the United States compete with China on EVs and green technologies like advanced batteries and solar and wind power.

"We need to be the leader, rather than passive bystanders, or otherwise we're going to allow other countries like China and others we're fighting to be able to corner this market," Granholm told ABC News last month.

She would be the second female US energy secretary after Hazel O'Leary served in the 1990s. Granholm has done few media appearances since being nominated by Biden, but said on Twitter this month she was doing a "deep dive" into the department and was awed by the work of its lab scientists.

Granholm is likely to be asked about the department's Loan Programs Office, or LPO, founded with stimulus funding in 2009 during the Obama administration. The office has loaned money and been paid back by successful businesses including Tesla Inc , but has been slammed by some Republicans for support of Solyndra, a failed solar company.

The LPO has more than $40 billion available for loans and loan guarantees for advanced technologies that went unused by the Trump administration. Nearly $18 billion can go to direct loans for green cars, which could spark Biden's support for the industry, though the department would likely need Congress to approve more money to make sweeping changes.

Granholm will also likely be asked about other parts of the department's mission including overseeing the 17 national labs, the US nuclear weapons stockpile, and the Strategic Petroleum Reserve.

Energy secretaries traditionally promote the interests of the fossil fuels industry but with Biden's promise to make curbing climate change one of the pillars of his administration, Granholm may focus less on oil and gas than her predecessors Dan Brouillette and Rick Perry.

Comments

Comments are closed.