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During the hearing, Barrasso questioned whether or not Shah would commit to refraining from associating with his previous trade association for the rest of his tenure at the DOE – to which Shah stated that he had “no role to play whatsoever in choosing who gets a loan.” Instead, he said, lending decisions have been delegated to a portfolio risk management group and federal staff.
A notable quotable: “I’m more accessible than a ham sandwich,” Shah said in response to the claims. Citing conferences such as RE+, he said: “I go to lots of places; wherever American innovators and entrepreneurs need to meet me so that they can be convinced that this country wants them to onshore and reshore their technology here in this country, I’m willing to talk to them.”
The pair of lawmakers are demanding Shah provide answers about his current relationship with the trade association, any measures put in place to ensure that companies do not receive preferential treatment in the loan approval process, and any correspondence between the agency and the trade group. Read the letter here.
SANCTIONS EASED FOR VENEZUELA: The United States has eased several sanctions against Venezuela after President Nicolas Maduro and his opposition came to an agreement on guidelines before the country's next presidential election that the U.S. considered"democratic developments.” At least one Democrat isn’t happy with the move: Sen. Joe Manchin of West Virginia. During today’s Senate Energy hearing, the committee chairman briefly expressed his concerns on the Biden administration’s move to lift the sanctions on Venezuela, finding fault with the administration turning to another country that’s considered “one of the world’s dirtiest energy producers and an oppressor of its own people,” instead of drilling domestically.
The funds are managed by DOE’s GRIP program, which seeks to modernize the U.S. power grid and mitigate the effects of natural disasters and extreme weather events worsened by climate change.
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